Category: Indian Economics

On 28 February 2017, the University of California, San Francisco (UCSF) laid off 49 Information Technology (IT) employees and outsourced their work to a company based in India. This marks the end a year-long process that has brought the public university under fire.

On 23rd Feb 2017, Bharti Airtel stated intention to fully acquire Norwegian telecom operator Telenor’s local arm, Telenor India. The deal was to include its subscribers, infrastructure and spectrum.

On Monday, February 20, 2017 in West Bengal’s Malda district, the Border Security Force (BSF) confiscated 48 notes of Rs. 2000 and arrested a man acting as a courier. In the last three weeks totally Rs. 4 Lakh worth of Rs. 2000 notes have been seized in multiple events from the area. In some, the…

On 2nd Feb 2017, the Karnataka government issued a release welcoming Apple’s proposal “to commence initial manufacturing operations” in the state. The release, signed by state IT Minister Priyank Kharge, said Apple’s intentions to manufacture in Bengaluru..

On 30 Jan 17, RBI announced that it would be removing withdrawal restrictions on ATMs, from 01 Feb 17. Also with immediate effect, withdrawal limits on current accounts, cash credit and overdraft accounts stood revoked

On the 1st of Feb 2017, Finance Minister Arun Jaitley shall present his 4th National Budget, to Parliament.This budget is special because for the 1st time, the presentation of the budget has been advanced by four weeks. It also merges the railway budget, which till now was presented separately.

In May 16, Tim Cook, CEO of Apple, met PM Narendra Modi to look into the possibility of ‘make in India’ – Apple products. Apple struck a deal in October 16 with Reliance Jio. As part of the deal, Apple customers get complimentary Jio Digital for 12 months. Jio plans to roll out 4G coverage…