Economy

Indian economy structurally, fundamentally strong: MoS Finance

The Union minister further exuded confidence that India would achieve the target of becoming USD 5 trillion economy by 2024-25.
Economy News

Dharmendra Pradhan nudges FM Nirmala Sitharaman to include ATF, natural gas in GST

Later talking to reporters, Pradhan said he was confident that GST Council - the highest decision making body of the new indirect tax regime - will take a decision on the issue "at appropriate time."

Economy News

WTO gives final approval to US retaliation in Airbus case

The arbitrator's award -- the largest in the organisation's history -- needed to be rubber-stamped by the WTO's Dispute Settle Body (DSB).

Economy News

Spike in onion prices to raise inflation but unlikely to stop RBI from cutting rates further

A more than 200% surge in onion prices is expected to push India’s headline inflation rate, but is unlikely to keep RBI's rate cutter from further easing monetary policy.

Economy News

World Bank slashes India’s GDP forecast from 7% to 6% for FY 2019-20

After a broad-based deceleration in the initial quarters of this fiscal, India’s growth rate is projected to fall to 6% in 2019-20, the World Bank said on Sunday, in what was the sharpest downward r

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RCEP trade ministers’ talks end in impasse

No joint statement will be issued, as certain key issues are yet to be resolved, even after two days of intense negotiations on October 11 and 12, according to one of the sources.

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Cost-plus cover for NTPC stymies power sector revival

Private players had cried foul and lodged complaints to the Central Electricity Regulatory Commission (CERC) claiming that PPAs were signed "with a clear intention of bypassing the impending competiti

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How to make IBC fool-proof: Govt crowd sourcing for ideas as delays hit insolvency resolutions

The Insolvency and Bankruptcy Board of India has an electronic facility using which stakeholders can submit their feedback on even clauses or words of a particular regulation throughout the year.

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Govt against attachment of insolvent firm’s assets once CIRP is completed

In its affidavit submitted on October 10, the MCA said once a resolution plan is approved by the NCLT, it is binding on all stakeholders.

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Giriraj Singh asks Commerce Ministry to keep dairy sector out of RCEP trade pact

Airbus Helicopters had signed a Memorandum of Understanding (MoU) with Pawan Hans Limited (PHL) in Paris in June for collaboration in introducing two new categories of its helicopters - H145 and H225

Giriraj Singh, Commerce Ministry, RCEP trade pact, FTA, RCEP countries, cattle population News

India recognises the need for environmentally sustainable development strategy: IMF

India is fully committed to the Paris agreement. It has made its nationally determined contribution pledges, and that implies reducing emissions of CO2 by a third below 2005 levels that is relative to

Economy News

Govt formed panel to suggest measures for better GST collections to hold first meet on Tuesday

India's GDP growth slowed to more than six-year low of 5 per cent in April-June, prompting the government to take an array of steps to boost the economy, including the steepest cut in corporate tax ra

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World Bank sees India’s GDP to recover to 7.2% in FY22 topping South Asia except this country

The uptick in India’s growth would be seen as the “as the cycle bottoms-out, rural demand benefits from the effects of income support schemes, investment responds to tax incentives and credit grow

Economy News

Bangladesh, Nepal likely ahead of India as growth in South Asia to slow down in 2019, says World Bank

Pakistan's growth rate is projected to deteriorate further to a mere 2.4 per cent this fiscal year, as monetary policy remains tight, and the planned fiscal consolidation will compress domestic demand

Economy News

Remittances under LRS hit new high in August; April-July amount outpaces FPI inflows

A look into the LRS data for August shows that while $784 million were remitted for travel purposes, $531 million were sent out for education.

SBI PNB AXIS HDFC BANK REVISED FD INTEREST RATES News

World Bank cuts India’s growth projection to 6 per cent

While industrial output growth increased to 6.9 per cent due to a pick-up in manufacturing and construction activities, the growth in agriculture and the services sector moderated to 2.9 and 7.5 per c

Economy News

Modi-XI Summit: China to address India’s trade deficit concerns

Both the sides decided to set up a high-level economic and trade dialogue mechanism, which will help boost trade and investments and improve trade balance that is currently heavily tiled in favour of

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GST Network to release new version of return filing interface this month

GST Network provides IT infrastructure and services to central and state governments, taxpayers and other stakeholders for implementation of the GST.

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Mamallapuram Summit: Informal meet between Chinese President Xi Jinping, PM Modi augurs well for strategic ties, says FIEO

"Chennai summit a pragmatic way of constructive engagement to resolve trade and other issues," FIEO president Sharad Kumar Saraf said in a statement on Saturday.

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India, China decide to set up new mechanism to address trade and investment issues

In the talks, the Chinese president also agreed to take sincere steps in a concrete way to address India's concerns over ballooning trade deficit in China's favour.

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Mamallapuram Summit: India, China agree to set up new mechanism for issues relating to trade and investment

Building on the 'Wuhan spirit', the prime minister spoke of "Chennai connect" for a new era of cooperation between India and China, he said. Gokhale said a new mechanism will be set up for issues rela

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‘Suit-boot ki sarkar’ taunt made tough for govt to undertake corporate tax reform, says Arvind Subramanian

"I don’t want to go into all the personal angles here. But looking back I realise that the taunt of 'suit, boot ki sarkar', that the government was vulnerable to, also made it difficult to undertake

Economy News

Government to issue new ration cards only after bogus ones are eliminated

This move is important because earlier the government’s focus was on weeding out bogus rations by linking them with Aadhar of the beneficiaries.

Rajasthan and haryana govt implements portability under food security scheme from Tuesday News

Fresh investments in infra sector in September lowest yet in FY 2019-20

Between July and September of the financial year 2019-20, fresh investment announcements stood at Rs 1.8 lakh crore, which is the lowest compared with the second quarter of the previous two financial

Share of tenders floated for buildings and housing fell by 10 percentage points to 20% in September. News
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