Economy News

Centre to aid offshore e-commerce play

The Union government is working on a new policy to expand the footprint of the Indian e-commerce sector to tap potential markets outside the country, including Africa and Southeast Asia.

posted by Jawwad Kazi 26th Oct 2017

Bank Recapitalization

The Union government unveiled an ambitious plan to infuse ₹2.11 lakh crore capital over the next two years into public sector banks (PSBs)

posted by Jawwad Kazi 25th Oct 2017

Bharatmala

The Centre announced a 5.35 lakh crore road construction package, called BharatMala Pariyojana, in a bid to spur the economy as private investment remains moribund.

posted by Jawwad Kazi 25th Oct 2017

All major ports to get LDB services: official sources

The Logistics Data Bank’s (LDB) services will soon be extended to all major ports in India.

posted by Jawwad Kazi 21st Oct 2017

Easing of PMLA norms may spur gold demand.

Demand for the yellow metal is likely to increase sharply by about 25% this festive season with gems and jewellery dealers being exempted from the reporting requirement purview of the Prevention of Money Laundering Act (PMLA).

posted by Jawwad Kazi 18th Oct 2017