Convergence of views between India and US on international issues, economy: Indian envoy

High level engagement like the 2+2 dialogue between the two countries has once again thrown focus on the importance that both sides attach to the relationship.
India US ties,Harsh Vardhan Shringla, Narendra Modi, donald trump, washington, india US bilateral relationship News

Monetary Policy Committee to meet six times during 2019-20, says RBI

The external members are Indian Statistical Institute professor Chetan Ghate, Delhi School of Economics Director Pami Dua and Indian Institute of Management-Ahmedabad professor Ravindra H Dholakia.

Monetary Policy Committee, RBI, Shaktikanta Das, Monetary Policy Committee meeting, lastest news on RBI News

EPFO data refute jobless growth claims, says 76.48 lakh jobs created since September 2017

Around 76.48 lakh new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to January 2019, the data showed.

jobs, jobs in india, job opening, EPFO payroll data, EPF, provident fund, EPFO subscriber, employment generation, employment, pay roll, job search News

GSP withdrawal not to hit Indian exports much, but US firms may look for options, says veteran economist

India is clearly an important geopolitical alternative to China as far as the US is concerned, and it’s important that the relations between the two countries continue to get stronger, he also told

Economy News

Modi govt exceeds disinvestment target for FY19 as receipts hit Rs 85,000 crore

The government on Friday said that it has exceeded the divestment target for FY19 by Rs 5,000 crore as the receipts have touched projected Rs 85,000 crore.

Arun Jaitley, 2019 elections, lok sabha election, PM Modi, Modi Hai To Mumkin Hai, Surgical Strikes, Air Strikes, PM second term News

Govt extends IGST, compensation cess exemption under various export promotion plans

EPCG is an export promotion scheme under which an exporter can import certain amount of capital goods at zero duty for upgrading technology related with exports.

IGST, cess exemption, EPCG scheme, export product, DGFT, export promotion scheme News

Relief to exporters; govt extends IGST, compensation cess exemption for various export plans

The move was aimed at giving relief to exporters as they do not have to pay IGST at the initial point itself. In the GST regime, they have to pay the indirect tax and then seek refund, which is a cumb

Economy News

Foreign investors have faith in India story; GDP revisions based on facts: Top finance ministry official

Garg’s clarification comes a week after 108 economists from around the world accused Prime Minister Narendra Modi’s administration of deliberately revising or withholding statistics that show his

Economy News

Cash-strapped Pakistan to receive $2.1 billion loan from China to provide a boost to its ailing economy

Although the Pakistan government has secured a breathing space from Saudi Arabian and the UAE loans, an IMF programme is essential to unlock access to resources from other multilateral lenders like th

Economy News

Attempts to subsume South-South cooperation in global aid architecture not helpful: India

The Indian envoy also participated at a signing ceremony for UNESCO South-South Cooperation projects, funded through the UN-India Development Fund.

Economy News

Fresh lending by weak PSUs will worsen India’s NPA problem, says Oxford economist

Of the 11 banks which were put under Prompt Corrective Action by RBI, five have recently been allowed to resume fresh lending.

Economy News

How FED’s rate hold decision may impact rupee, RBI’s monetary policy

Against the earlier expectation of two rate hikes this year, the Federal Reserve kept rates unchanged and also hinted at maintaining the status quo, going ahead in 2019, in its latest outing.

Rupee falls after six sessions of gains News

Fitch cuts India GDP growth forecast for FY20 to 6.8%

Fitch Ratings Friday cut India's economic growth forecast for the next financial year starting April 1, to 6.8 per cent from its previous estimate of 7 per cent, on weaker than expected momentum in th

Economy News

Not just the poor, billionaires too face heat amid looming NBFC crisis

Teetering economic activity is already pressuring the central bank to deliver on expectations for a back-to-back interest rate cut in April. And Prime Minister Narendra Modi must avoid economic turbul

Economy News

India among fastest growing large economies in the world, says IMF; here’s what’s needed to sustain growth

This report would be the first under Indian American economist Gita Gopinath, who is now IMF's chief economist.

Economy News

Strong rupee hurts rice exports as price jumps to 7-month high

Meanwhile, Bangladesh will give its farmers free fertiliser and seeds to boost cultivation of a type of rice that requires less irrigation, the country's agriculture minister said on Thursday.

Economy News

Rs 50,000 crore tax shortfall upsets budget maths

As GST revenue collections consistently missed the estimates by a wide margin, the government in the interim budget brought down FY19 estimate for central GST by Rs 1 lakh crore.

tax collection in india, tax collection shortfall, tax revenue shortfall, budget 2019 News

Trade war: US to keep tariffs on China until it complies with deal, says Donald Trump

The president’s comments dim hopes that round-the-clock trade negotiations between the world’s two biggest economies could lead to them removing the roughly $360 billion in tariffs they’ve impos

Economy News

DBT transfers increase 47 per cent, but little growth in saving

Transfers of assorted subsidies and sops to the beneficiaries through the direct benefit transfer (DBT) route stood at Rs 2.8 lakh crore so far in FY19, 47% higher than such transfers during the whole

DBT transfers increase 47 per cent, but little growth in saving News

Fertiliser subsidy: Most farmers don’t know they receive benefit: Survey

The Centre spends some Rs 70,000 crore annually to heavily subsidise fertiliser for farmers, but two-third of the beneficiaries have no idea that they receive the largesse, a survey has found. About 9

Most farmers don't know they receive fertiliser subsidy: Survey News

Jobless in India? IT sector created 8.73 lakh jobs in five years: Ravi Shankar Prasad

As Congress and other Opposition parties are raking up the issue of job losses, electronics and IT minister Ravi Shankar Prasad on Wednesday said that in the past five years, 8.73 lakh new jobs have b

8.73 lakh jobs created in IT sector in five years: Ravi Shankar Prasad News

IT Minister Prasad says Congress lying on jobs, shows NASSCOM data of last 5 years

Confronting the Opposition over the jobs crisis barb, the minister challenged the Congress to show just how many jobs had been generated in their tenure.

Economy News

India calls for greater market access in China as trade deficit widens

Misri said that another welcome area for the Chinese investment would be the hospitality sector, such as restaurants that cater to the Chinese palate, which in turn would be an attractive factor for C

Economy News

Arun Jaitley’s GST formula for healthcare, rural development

The successful experiment of GST Council, which is a constitutional body for making recommendations to the union and state governments on issues related to goods and service tax, needs to be replicate

Economy News
Income Tax Calculator, Budget 2019, How to Calculate Income Tax
Switch to Hindi Edition