January 18, 2017
Every day we compile the latest news on the Indian economy to keep you abreast and updated on the current state of commercial affairs. So that Indian economy news stays fresh and crisp as your daily newspaper, with inputs from the best resources. Our compilations bring business news reports that are relevant today and tomorrow, giving vital inputs on the various sectors of the Indian Industry and trade. The news gathered from across the financial and political hubs of India so that you know the shape of things to come in the Indian economy.
Domestic air passenger traffic in India almost doubled to 99.88 million passengers in 2016, as against 51 million in 2010: Directorate General of Civil Aviation (DGCA)
New Delhi: The Government of India plans to integrate the recently launched Bharat Interface for Money (BHIM) app with the Aadhaar ID of users, which will rule out the need for biometric authentication or the need of prior registration with the bank or unified payment interface (UPI), and thereby facilitate easier transactions through mobile devices.
New Delhi: Mr Suresh Prabhu, Railway Minister of India, has unveiled Mission 41k initiative, aimed at saving Rs 41,000 crore (US$ 6.02 billion) on the Indian Railways' expenditure on energy consumption over the next 10 years by doubling the annual rate of electrification from 2,000 km to 4,000 km in the next two years.
Mumbai: The Securities and Exchange Board of India (SEBI) plans to revamp the current norms for market intermediaries and trading, in order to strengthen its scrutiny of defaulters, enhance transparency in dealings between market participants and mitigate liquidity risks arising out of increasing algorithmic trading.
Pune: India’s export of grapes to Europe and China are expected to increase by 15 to 20 per cent this year on back of higher production on account of good monsoon and higher demand due to competitors such as Chile shifting focus to US market.
New Delhi: Indians downloaded 6 billion apps in 2016, which was 71 per cent higher than in 2015, helping India to be ranked number one in terms of Google Play downloads, outpacing the US, as per research firm App Annie.