Economy

Kuligod in Karnataka’s Belagavi district is the country’s best developed village, but more than a third of the gram panchayats ranked in the top 10 are in Andhra Pradesh, according to the findings of an ongoing Rural Development Ministry survey. With multiple panchayats assigned the same score – and thus …

The Centre has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8% for the October-December quarter. The rate is in line with that for Public Provident Fund. The interest rate on GPF was 7.6% for the July-September quarter of …

India has emerged as the fastest growing low-cost carrier (LCC) market in the world by recording the largest increase (an additional 15.6 million) in departure seats in the first nine months of this year, aviation consulting and research firm Centre for Asia Pacific Aviation (CAPA) said. Indian has also reinforced …

The imposition of safeguard duty by the government on imported photovoltaic modules and rupee depreciation are estimated to increase the capital cost of solar power projects by 20-25%, according to ICRA. In a report on the wind and solar sectors, ICRA said while bidding activity has remained strong, several key …

The Reserve Bank of India has released the guidelines for interoperability between prepaid payment instruments (PPIs) such as wallets and cards that will effectively allow users of popular payment wallets such as Paytm, Freecharge, Mobikwik, PhonePe and PayZapp, among others, to transfer money from one wallet to another. In a …

If you crave for a pint of beer at the end of a hard day, brace yourself: climate change is poised to make your favourite drink more scarce and pricey. Heatwaves and droughts will periodically cause sharp declines in barley yields, a crucial ingredient in most beer, according to a …

Kreditech has been licensed by the RBI to operate as an NBFC with the first-of-its-kind licence in the Indian financial history for digital lending business and app-based financing, the Germany-based company said in a release on Monday. Kreditech’s product suite for India will offer individualised direct-to-consumer loans as well as …

IndusInd Bank Ltd. reported a lower than expected net profit of Rs. 920.25 crore for the second quarter ended September 30, 2018 as compared with Rs. 880.10 crore in the year-earlier period on account of one-off prudential contingency provision of Rs. 275 crore. According to analysts the Rs. 275 crore …

Wholesale inflation accelerated to 5.13% in September, driven in large part by quickening inflation in the primary articles segment and stabilising food prices, according to official data released on Monday. Growth in the Wholesale Price Index quickened in September from 4.53% in August. Inflation in the primary articles category stood …

Infrastructure Leasing and & Financial Services (IL&FS), which is in the midst of a huge liquidity crisis, has got a one-month relief from proceedings filed against the company by banks and other creditors as the National Company Law Appellate Tribunal (NCLAT) has stayed all such proceedings against the company and …