Export growth muted, deficit up

Merchandise exports rose 3.7% to $26.36 billion in January despite a weak rupee, up from 0.3% in December but lower than 9.1% growth achieved so far this fiscal
trade, economy News

India’s oil imports from Iran plunged 45% in January

India's oil imports from Iran fell by 45% in January to 270,500 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, below the estimated 300,000 bpd for the month as some cargoes

india, iran, oil News

Greater Market Access is likely to be announced at the end of talks between PM Modi and Argentina President Merci

Bilateral cooperation spans wide range of areas including nuclear, space, economic and commercial, agriculture, science and technology, culture and tourism.

Economy News

Farm distress worsens as credit growth stagnates, agri loan NPAs surge

There has been a 40 per cent rise in NPAs of the farm sector as it reached over Rs 1,00,000 crore in September 2018 compared to around Rs 70,000 crore in September 2017.

Economy News

Here’s what Pakistan stands to lose as India withdraws MFN status after Pulwama attack

MFN is highly desirable between trading partners because it allows each country the greatest access into the other’s domestic markets either with minimum, or without any hindrance of tariffs or quo

Economy News

Double the National Minimum Wage, and top it up with HRA, suggests committee report

National minimum wage may get more than double at Rs 9,750 per month plus HRA if the proposal of an expert committee is accepted.

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Arun Jaitley resumes charge as Finance Minister, President confirms appointment

On January 23, the charge of the Finance Ministry and Corporate Affairs was given to Piyush Goyal on a temporary basis.

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Brexit deal: Theresa May has 50:50 chance of getting it ratifies, says Goldman Sachs

Goldman said it saw the probability of a no-deal exit at 15 percent and the probability of no Brexit at around 35 percent.

Brexit deal, Goldman Sachs, theresa may, british parliament, brexit divorce deal News

NPA relief for Indian banks: Bad loans stabilising; credit, deposit improving

The growth in gross NPAs slowed down to single digit in fiscal third quarter from high double digit a year ago. This could be because lower incremental NPAs are being generated.

Economy News

Rahul Gandhi’s income guarantee may do more harm than good, says ex-Sonia Gandhi advisor

Rahul Gandhi’s proposed minimum income guarantee scheme will do more harm than good if it comes at the cost of existing subsidies for the poor, says Harsh Mander, a member of Sonia Gandhi’s erstwh

Economy News

India-US trade talks skirt vexed issues including tariff on steel

The meetings come at a time when both the sides are engaged in negotiations to clinch a bilateral trade deal that has remained elusive despite several rounds of talks.

india, us, india us trade News

Two-and-a-half years after its launch, states match centre’s expenditure on this online platform

After initial hiccups, States now account for half of the total procurements done through the government's own online platform for public procurement - GeM.

Economy News

Arun Jaitley to resume duty as Finance Minister by 18 Feb; appointment note likely soon

Arun Jaitley, who has recently returned home from the US after treatment of an illness, is likely to resume charge as the Finance Minister by 18 February 2019. Piyush Goyal was appointed as Minister o

Govt did not ask for Urjit Patel's resignation as RBI Guv News

Is cash really back after demonetisation? No. Here’s what currency circulation tells about Indian economy

Any argument of cash coming back aggressively into the system and financing informal activities is not entirely correct, SBI Group Chief Economic Adviser Soumya Kanti Ghosh said in the report.

Economy News

United Arab Emirates-India: How fostering strong economic links can help both nations

Recently, Prime Minister Narendra Modi recently at a speech in India said that India would continue to be the fastest-growing large economy, and could be the second-largest economy in the world by 203

Economy News

Why continued food inflation fall may not be good for Modi government

The continued fall in food inflation has been the main reason behind the Consumer Price Index (CPI) inflation being so low that even the Reserve Bank of India (RBI) was prompted to slash benchmark rat

WPI, CPI, wholesale inflation Index, WPI in january, food inflation, potato, onion, fruits, milk prices, थोक महंगाई दर, थोक महंगाई, डब्ल्यूपीआई, खुदरा महंगाई, रिटेल महंगाई, खाद्य महंगाई, जनवरी 2019 में थोक महंगाई दर News

Potato, onion prices ease as wholesale price inflation hits 10-month low

The WPI data further revealed that wholesale based price inflation for 'fuel and power' segment fell sharply to 1.85 per cent as against 8.38 per cent in December 2018, due to easing in prices of moto

Inflation, wholesale price, onion prices, potato price, WPI inflation, Consumer Price Index News

Modi’s Swachh Bharat Mission an inspiring model, says Nigerian minister

Officials from Nigeria will soon be studying their Indian colleagues to better understand how Swachh Bharat Mission can be adapted to the Nigerian context

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Amazon, Flipkart among firms facing trouble amid draft data localisation law, new e-commerce rules

This has disrupted product listings on Amazon's India website and compelled it to change its business structures.

Economy News

Indirect tax officials’ appraisal to consider arrears recovery

Officials were asked to concentrate on recovery of clearly recoverable arrears, which are substantial (more than Rs 50 lakh) and where there are clear chances of recovery by March 2019.

income tax calculation for different income limit News

DTH, cable rentals won’t breach current bill amount; Trai to evolve guidelines

Sources said that since the new regulatory framework has come, 67 existing bouquets have revised their prices downwards and 8 pay channels have become free-to-air channels.

DTH, cable rentals, DTH services, DTH pack, DTH Plans, Trai, best fit plan, cable, DTH, current bill amount, TRAI plans News

PM Kisan Yojna: Small, marginal farmers to get Rs 4,000 by early April

The exclusion list also includes all institutional land holders and farmer families in which one or more of members belong to following categories: former and present holders of Constitutional posts,

Economy News

CBDT forms panel to examine issues and suggestions for better litigation management

The Central Board of Direct Taxes (CBDT) has constituted a five-member committee to examine the suggestions and issues on litigation management that emanated from a judicial conference held in January

Economy News

Private thermal power plant utilisation falling amid tepid demand growth

The current consumption of 1,200 units per capita is expected to grow 2-3 times, at par with the international consumption, after each and every individual of the country has access to electricity,”

Economy News
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