Telangana govt mulls second phase of loan waivers worth Rs 24,000 crore

As part of the poll promise of Telangana Rashtriya Samithi (TRS) in 2014, chief minister K Chandrashekar Rao had waived all kinds of farm loans, which cost the state exchequer Rs 17,000 crore. The process was completed in 2017.
Economy News

12 states that beat India GDP growth failed to create jobs

The economic growth in 12 of the RBI’s 17 non-special states beat India’s economic growth of 6.7% in fiscal 2018, but it did not open more avenues for jobs. In fact, 11 of these 12 states saw a fa

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Integrate, Industrialise and Globalise: India’s mantra for a greater corporation with Africa

Asian and South American Countries have treaded cautiously in aligning their respective economies to the emerging global order, only after suffering the brunt of fast track globalisation.

india south africa ties, African economies, india economic growth, indian economy, china economy growth, Rwanda News

Union Budget 2019 for small businesses: MSMEs going to be govt’s pet project; what have they got so far

In November last year, the Prime Minister announced 12 key initiatives aimed at uplifting the MSMEs.

Union Budget 2019, MSME, Union Budget 2019 for MSME, Arun Jaitley, indian economy, SME, TReDS News

Where are jobs? Not just India, the world is asking this question; here’s what worries them most

While unemployment is one of the most talked about Indian issues, the latest report by World Economic Forum states that it is a global menace.

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Govt clarifies on Mumbai tax notices: Outcry ‘misleading’, show cause issued only in these cases

Issuing a clarification on TDS default-related notices, the Central Board of Direct Taxes (CBDT) on Monday said that the reports of the department sending various prosecution show cause to small compa

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Why is rural economy in distress? Here’s what RBI data on bank credit show

The priority sector lending growth has languished in single digit, remaining between 3.3 per cent in July 2017 and 9.3 per cent in October 2018, over the last 18 months.

Economy News

Mukesh Ambani has more money than what govt spends on medical, health, sanitation, water

The combined revenue and capital expenditure of the centre and states for medical, public health, sanitation and water supply is Rs 2.08 lakh crore, which is less than India’s richest man Mukesh Amb

Mukesh Ambani, Asia's richest man, has made a prediction for India: Every new generation of Indians will live a better and more fulfilling life than those before. News

China’s economy slumps to 28 year low to 6.6 per cent in 2018

The economy faces downward pressure and there would be targeted solutions to the challenge, the NBS said in a statement.

Economy News

Strong Baht: World-beating currency adds to Thailand economy’s challenges in 2019

Bloomberg’s survey indicates economists expect a 0.6 percent drop in goods exports in December compared with a year earlier.

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Slowing dragon: China’s economy grows at weakest pace since 2009 amid trade war

Gross domestic product rose 6.4 percent in the fourth quarter from a year earlier, matching economists’ estimates, and compared with 6.5 percent in the previous three-month period.

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Asian miracle: Vietnam makes a pitch as an investor safe haven in trade war

The nation’s global profile is also getting a boost from news that the US is planning Vietnam as the location for President Donald Trump’s second summit with North Korean leader Kim Jong Un in Feb

Economy News

Demonetisation report card: Tax notices after note ban yielded little

Deposits worth a few lakh crore in the banks post-demonetisation are reckoned to be cash that had remained out of the banking system for long, with a sizeable chunk of this being presumably untaxed ca

Economy News

Kerala HC stays GST provisions on TCS

The GST provision has hit car dealers particularly hard as they collect 1% TCS from buyers purchasing cars worth over Rs 10 lakh.

Economy News

Decentralise policy implementation, says Bimal Jalan

Jalan, who is heading a panel tasked with framing guidelines to decide on an appropriate size of reserves that the RBI should maintain and the dividend it should give to the government.

Economy News

World Economic Forum: Global business leaders gather in Davos amid partial shutdown in US, chaos in UK over Brexit deal

World elites have gathered in Swiss town Davos to discuss even closer commercial and political ties amid unprecedented political chaos in US, UK and France.

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Global public opinion rejects populism, favours openness and collaboration, open to immigration: WEF survey

The WEF said a majority of people in all regions of the world say they believe cooperation between nations is either extremely or very important.

Economy News

Soon, no e-way bill if GST returns not filed for 6 months

To this effect the revenue department is working towards integrating that e-way bill system with NHAI's FASTag mechanism beginning April to help track movement of goods.

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Kumbh Mela to generate Rs 1.2 lakh crore revenue: CII

The Uttar Pradesh government has allocated Rs 4,200 crore for the 50-day Kumbh Mela this time, which is over thrice the budget of the Maha Kumbh in 2013, making the mega pilgrimage perhaps the costlie

Economy News

India likely to surpass UK in the world’s largest economy rankings: PwC

PwC's Global Economy Watch report projects real GDP growth of 1.6 per cent for the UK, 1.7 per cent for France and 7.6 per cent for India in 2019.

Economy News

Budget 2019: Government may hike farm credit target to Rs 12 lakh crore

Similarly, crop loans worth Rs 10.66 lakh crore were disbursed in the 2016-17 fiscal, higher than the credit target of Rs 9 lakh crore. Credit is a critical input in achieving higher farm output.

Budget 2019 News

India likely to achieve universal household electrification by January-end

The Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) was launched in September 2017.

Economy News

Has Davos made the world better?

One persistent criticism is that WEF meetings, including this week's main annual gathering in Davos, have simply created a safe space for the corporate world to lobby governments without oversight.

Economy News

Davos matters even without Trump, WEF founder tells Le Temps

Trump called off his attendance earlier this month because of the government shutdown and as it extended, also cancelled on Thursday the planned trip of a U.S. delegation, which included Treasury Secr

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