Economy

Vision document soon to ensure 50 per cent value addition to metals produced in Odisha: CM Naveen Patnaik

The chief minister said Odisha is marching ahead on the path of industrial development as it has promulgated several progressive and sector-specific policies.
He said an investment intent of more than Rs 4 lakh crore cropped up during the Make in Odisha Conclave 2018. (Twitter image/ File) News

Piyush Goyal seeks complete restoration of GSP benefits

Commerce and industry minister Piyush Goyal is in the US to hold talks with US Trade Representative Robert E. Lighthizer later on Wednesday (Washington time).

Economy News

Retail inflation hits 16-month high in October

CPI inflation hit a 16-month peak of 4.62% in October, as food inflation jumped to 7.89% — the highest since July 2016.

Economy News

Gujarat announces Rs 700 crore relief for farmers

Gujarat Cabinet on Wednesday announced Rs. 700-crore relief package for more than four lakh farmers who suffered heavy losses due to unseasonal rain in the state.

Economy News

PM Modi’s mega push for solar power gets big boost; 3 firms bid for projects of 10 GW

Renewable Energy: The solar power equipment manufacturing linked scheme received good response from private power producers.

Adani Green Energy, Azure, Navyug News

Indo-US trade meet: Medical devices, GSP among issues to figure

The two sides are negotiating a trade package to promote two-way commerce.

Indo-US trade meet,  medical devices, agriculture, US, Washington, GSP programme, India exports goods News

War on black money! India, Switzerland for greater cooperation on information exchange in tax matters

The first transmission of financial account information on automatic basis between the two countries took place in September 2019 for enhanced cooperation in the fight against tax evasion. 

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Inflation breaches RBI’s target in October; will the surge continue? Here’s what analysts say

Even as the retail inflation crossed the RBI’s comfort level for the first time in over a year, it may continue to remain higher in the remaining fiscal year, an analyst said.

Economy News

Latest GST Circular: Experts seek more clarity as doubts persist ahead of the deadline to file return

GST experts have sought clarification on the latest GST circular issued by the CBIC on Monday.

GST, GST Return ,GSTR 3B, Input Tax Credit, New Input Tax Credit Rule News

Retail inflation at 16-month high; crosses RBI’s comfort level at 4.62% in October

Food inflation can be attributed to the spike in retail prices as Consumer Food Price Inflation (CFPI) skyrocketed 7.89 per cent in October.

retail inflation, cpi, consumer price, consumer inflation, inflation in retail prices, onion prices, tomato prices News

Prakash Javadekar takes charge as Union Minister of Heavy Industries and Public Enterprises

Speaking to reporters here, Javadekar said he hoped the additional charge was for a temporary period and there will be a regular arrangement in place thereafter.

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PM Narendra Modi hopes BRICS summit will boost economic, cultural links

On the sidelines of the 11th BRICS summit, Modi will meet Brazilian President Jair Bolsonaro to discuss ways to enhance the bilateral strategic partnership.

BRICS summit,  Narendra Modi, Jair Bolsonaro, Brazil, Vladimir Putin,  Xi Jinping, Raveesh Kumar, BRICS Plenary Session News

ClearTax aims for Rs 100 cr business from online GST course

At discounted rate and full enrolment rate, back of the envelope calculation shows that the company will be able to generate business of Rs 100 crore.

GST, GST Return ,GSTR 3B, Input Tax Credit, New Input Tax Credit Rule News

Govt’s fiscal stimulus to hardly boost investment in near-term; here’s why RBI steeply cut forecast

The annual forecast for capital formation (GFCF) has been steeply cut from 9.4 per cent to a mere 6 per cent in the first half of the current fiscal year.

Construction, gfcf, capital formation, investment, sagging economy, economic slowdown, rbi, reserve bank News

BRICS summit: PM Narendra Modi arrives in Brazil

On the sidelines of the 11th BRICS summit, Modi will also meet Brazilian President Jair Bolsonaro to discuss ways to enhance the bilateral strategic partnership.

Economy News

Indians to hit brakes on shopping in coming months; RBI cuts consumption forecast

The RBI has substantially cut down annual forecast for India’s expenditure on consumption (PFCE) to grow at a mere 5.5 per cent now, dramatically slower than 8.1 per cent projected in March 2019.

pfce, consumption, expenditure, demand led slowdown, demand, shopping, consumer durables, consumer non-durables News

Special EXPORT Zones: Build China-like hotspots near sea to boost employment, says Arvind Panagariya

Even as major reforms including GST and IBC have already been announced, the Modi government should now focus on coastal employment zones, former NITI Aayog vice-chairman Arvind Panagariya said.

Economy News

Onion prices on the boil! But why RBI may still pay no attention to it

Economists pegged the gains in consumer prices at 4.35% in October, according to the median of 33 economists surveyed by Bloomberg. That would be the first above-4% print since July 2018 and the highe

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Revamping Swachh Bharat: Renewed focus on better waste management needed in cities

The success of the Swachh Bharat Mission depends not only on changing the mindset, but, also on changing in the way waste is disposed of.

Global Goalkeeper, Global Goalkeeper award, PM Modi, Swachh Bharat Abhiyan, Melinda Gates, bill gates, Bill and Melinda Gates foundation, cleanliness mission, india news

Agri reforms: APMC has outlived its purpose, use e-NAM for price discovery, says FM Sitharaman

Finance minister Nirmala Sitharaman on Tuesday said the APMC law had outlived its utility and states should adopt the e-NAM system to offer farmers a better platform for price discovery.

Economy News

Heard about S386? How this bill impacts green card quota of Indians, Chinese

S386 or Fairness for High Skilled Immigrants Act is a bill that aims to remove the country-specific quota for green cards.

Paris climate accord, US, climate negotiations, World Resources Institute, Washington, UN climate summit, COP25 News

Government to consider TCS, Infosys proposals to set up SEZ on November 15

Infosys has proposed to set up two SEZs -- one each in Kancheepuram and Pune -- according to the agenda paper of the board meeting.

TCS, Infosys, SEZ in IT sector, Kancheepuram district, Tamil Nadu, Tata Consultancy Services Ltd, ITeS zone in Tamil Nadu News

Indians convinced country headed in right direction despite slowdown, falling GDP, unemployment

A majority of Indians are of the opinion that the country is headed in the right direction despite alarming GDP numbers, prolonged economic slowdown and unemployment.

Indian economy, GDP growth rate,BofA-ML Report, Muted Diwali demand, RBI, GVA growth, demonetisation, note ban News

Economic downturn: India’s July-September quarter GDP numbers crucial, says DBS report

A disappointing GDP report could lift USD/INR above its two-month range between 70.5 and 71.5 and bring it closer to the year's high around 72.5, believes DBS.

Economic downturn, GDP data, DBS Bank, GDP report, industrial production, Headline growth, Indian rupee News
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