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Last updated: 05 Sep, 2017  
 India Economy News


Prabhu dodges query on demonetisation sequel
SME Times News Bureau | 17 Apr, 2019
Dodging the demonetisation issue, Union Minister for Commerce and Industry Suresh Prabhu here on Tuesday refused to comment on whether the Indian economy needed another round of the note ban exercise to get rid of black money.
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Trade across LoC resumes in Poonch after two weeks
SME Times News Bureau | 17 Apr, 2019
Trade between India and Pakistan resumed at Poonch on Tuesday as 70 trucks carrying goods from the two sides crossed the Line of Control (LoC), the de facto border in Jammu and Kashmir. Trade was suspended for two weeks due to ceasefire violations by Pakistan on the LoC.
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Telecom tariffs to rise in FY20 2nd half: Report
SME Times News Bureau | 17 Apr, 2019
Prices of telecom services are likely to rise in the second half of the current financial year (2019-20), an Edelweiss report said on Tuesday.
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India's travel spend to grow to $136 bn by 2021
SME Times News Bureau | 17 Apr, 2019
The travel spend in India is expected to grow at 13 per cent to a total of $136 billion by 2021, said a new report by Bain & Company and Google India on Tuesday.
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Kerala government's score below par on top issues
SME Times News Bureau | 17 Apr, 2019
Access to safe drinking water, better employment opportunities and healthcare were Kerala voters' top three priorities, the parameters on which the state government has performed "below average", says a report by the Association for Democratic Reforms (ADR), an election watchdog.
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SC notice to Centre, states on plea to cancel 358 mining leases
SME Times News Bureau | 17 Apr, 2019
The Supreme Court on Tuesday sought response from the Centre, Odisha, Karnataka and the CBI on a PIL seeking cancellation of 358 iron ore mining leases which were allocated or their duration extended without any fresh evaluation and adopting the due auction process.
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FY19 oil import bill could be highest under Modi
SME Times News Bureau | 16 Apr, 2019
A late surge in oil prices is expected to increase India's oil import bill to its five-year high. As per estimates, India could close 2018-19 with crude import bill shooting to $115 billion, a growth of 30 per cent over 2017-18's $88 billion.
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Prabhu asks review of Jet Airways-linked issues
SME Times News Bureau | 16 Apr, 2019
Civil Aviation Minister Suresh Prabhu on Tuesday directed his Ministry officials to review issues related to high airfares, passenger rights and safety as the finically challenged Jet Airways struggles to stay afloat.
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Plea to scrap TDS on compensation to accident victims
SME Times News Bureau | 16 Apr, 2019
A petition was filed in the Delhi High Court on Monday seeking quashing of a provision which mandates deduction of tax on the interest accrued upon the award or compensation granted by Motor Accident Claim Tribunal (MACT) to the accident victims.
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Congress-JD-S seek Karnataka top IT official's transfer
SME Times News Bureau | 16 Apr, 2019
Karnataka's ruling Congress-Janata Dal-Secular alliance on Monday urged the Election Commission to transfer the state's Director General, Income Tax, B.R. Balakrishnan for "selectively" carrying tax raids on their leaders and contractors and traders close to them.
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  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 18 Apr, 2019
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