Category Archives: Economy

China to provide Indian Anti-Cancer Drugs at Price Cut

On Monday, China agreed to initiate certain measures for the import of Indian anti-cancer drugs and other pharmaceuticals at discounted prices to provide greater access of the medicines to the Chinese market. Chinese got inspired after watching a Chinese movie ‘dying to survive’ based on story of leukaemia patient. The movie highlighted the concern to […]

Mark Zuckerberg becomes third richest person, Warren Buffet slips to fourth

Jeff Bezos, Bill Gates, and Mark Zuckerberg According to the reports of Bloomberg, Founder and CEO of Facebook Inc., Mark Zuckerberg jumped to third richest person on Friday with net worth of $81.6 billion. With this, Warren Buffet, the legendary investor and Berkshire Hathaway (BRKA) CEO, slipped to fourth position with net worth of $373 million, who was […]

Karnataka Budget 2018: CM presents farm loan waiver

BENGALURU: After many speculations over the proposed farm loan waiver schemes, Chief Minister H.D. Kumaraswamy on Thursday approved the proposed scheme for farmers. Under the scheme, farmers who have borrowings less than Rs.2 lakhs will get a farm loan waiver of Rs.25000. This will ease down a little burden on the state exchequer by way […]

How Monsoon will affect Indian Economy?

Monsoon season is on and verdicts have been made about how it will affect Indian economy this year. Indian economy is vitally linked to the amount of rainfall. Monsoon reached the National Capital on June 29 and within 2-3 days will cover the entire nation. Southwest Monsoon has further advanced into some more parts of […]

SWISS Bank: Indian funds raised by 50% to over Rs.7000 crores

Zurich-based Swiss National Bank (SNB) released the latest data after the implement of new framework for automatic exchange of information between Switzerland and India to track the black money menace. According to the data reports shared, Indian funds in Swiss Bank rose by 50% to over Rs.7000 crores in 2017 after three year downward trend […]

Indian Rupees weakens a record low against US Dollars

The Indian rupee hits all time record-low against the US dollar on Thursday, tracking Asian peers with weakening macro-economic fundamentals on the domestic front also weighing on the currency. At the interbank foreign exchange market, the rupee earlier opened at 68.87 per dollar against 68.61 and dropped to 69.10 in morning trading deals, falling 49 […]

7th Pay Commission: Modi Government announces no more overtime

As per the new statement released by the Central Government regarding 7th Pay Commission, now no government staff will be paid overtime. However, operational staff members are excluded from the case. Operational staff members are non-ministerial non-gazetted employees who are responsible to take care of infrastructure and logistics in office. The employees are governed under […]

Bank default ‘poster boy’ Vijay Mallya ready to settle dues

NEW DELHI: Fugitive liquor baron Vijay Mallya today said he has become the “Poster Boy” of bank default and a lightning rod of public anger, and there’s nothing he could do “if politically motivated extraneous factors interfere” with his efforts to settle the dues. Speaking after “two years of silence” over the controversy surrounding him […]

Wipro CEO’s pay hikes to 34.5% to Rs.18 crores in FY 18

BENGALURU: According to the annual reports, Wipro CEO Abidali Neemuchwala’s pay hikes by 34.5% to Rs.18.2 crores in Financial Year 2017-18. Wipro’s Chief Strategy Officer Rishad Premji’s compensation also raised by 250% to Rs.5.9 crores. Wipro’s Executive Chairman and Managing Director Azim H. Premji got his remuneration hike by 10.13 per cent to Rs. 87 […]

Patanjali Mega Job Offer: Ramdev Baba announces 50000 posts across India

In a recent advertisement released by Patanjali on Wednesday, Ramdev Baba announces mega recruitment opportunity across India. Patanjali Ayurveda, the Indian Conglomerate, organizes a mega recruitment drive to hire more than 50000 people from different parts of India. It is a great opportunity for both freshers and experienced candidates to pursue their career with Patanjali […]