Economy News
Finance ministry officials to brief parliamentary panel on ponzi scheme bill
PTI | September 21, 2018 10:26 PM
Senior finance ministry officials will brief a parliamentary committee later this week on a Bill to ban ponzi schemes.
World Bank endorses financial support framework for India's transition to high-middle income nation
PTI | September 21, 2018 1:43 PMThe World Bank has endorsed an ambitious five-year framework for India under which it is expected to receive USD 25-30 billion in financial support for its transition from a low-middle income to a high-middle income country, a senior official from the global lender said.
Fluctuating rupee, regulations make real estate more lucrative for NRIs
PTI | September 23, 2018 11:49 AMPreventive vigilance better governance tool for public institutions, says RBI Governor Urjit Patel
PTI | September 20, 2018 8:00 PMRural demand to pick up on MSP hikes, farm loan waivers: Report
PTI | September 21, 2018 4:12 PMStable outlook across infrastructure sector for H2 FY19, says India Ratings and Research
PTI | September 20, 2018 7:49 PMAt under 10% of GDP, household debt is not alarming: Report
PTI | September 20, 2018 7:42 PM-
Modi government’s populist promises to push spending by Rs 38,000 crore. Will it impact fiscal deficit?
Prasanta Sahu | September 24, 2018 2:38 AMOn February 1, the government had unveiled the Union Budget 2018-19 with an expenditure estimate of Rs 24.42 lakh crore.
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China’s debt rises to USD 2.58 trillion
PTI | September 23, 2018 7:02 PMChina’s spiralling debt, a major concern for the slowing down of its economy, has risen to USD 2.58 trillion, a media report said Sunday.
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Ayushman Bharat: 8 stunning facts about world’s largest healthcare scheme launched by PM Modi
FE Online | September 23, 2018 4:29 PMAyushman Bharat, Modi government’s flagship healthcare programme which will provide Rs 5 lakh cover each to 10 crore poorest families, was launched today. Here are 8 stunning facts about the scheme.
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Ayushman Bharat is for all, those going to temple, mosque or church, says PM Modi at PMJAY launch
FE Online | September 23, 2018 2:53 PMPrime Minister Narendra Modi today said that Ayushman Bharat will provide healthcare cover plan to 50 crore poorest of Indians, which is bigger than the entire population of European Union.
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Over 40 percent firms believe RBI will further hike interest rates in current fiscal, reveals CII survey
PTI | September 23, 2018 12:59 PMOver 40 per cent of Indian companies surveyed by industry chamber CII are expecting that the Reserve Bank will go in for a further hike in interest rates in the current fiscal.
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Government to ‘soon’ curb on imports to bring rupee to 68-70 level against US dollar
PTI | September 23, 2018 1:09 PMThe government will “very soon” implement the second set of measures including curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic Affairs Secretary Subhash Chandra Garg said, terming the about 12 per cent slide in the currency as a temporary phenomenon.
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Fluctuating rupee, regulations make real estate more lucrative for NRIs
PTI | September 23, 2018 11:49 AMA fluctuating rupee, and introduction of various regulations to bring in transparency and accountability, are making real estate more lucrative for non-resident Indians (NRIs), experts say.
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Contingent workforce continues to thrive in Asia Pacific, says Report
PTI | September 23, 2018 11:39 AMCompanies in the Asia Pacific region including India are integrating freelancers, independent contractors and consultants at a rapid rate into their existing pool of employees, says a report.
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GST returns: GSTN directs Infosys to design new forms
IANS | September 23, 2018 7:47 AMThe Goods and Services Tax Network (GSTN) has directed its software vendor Infosys to design new forms for filing returns by traders.
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GSTN to find cause for dip in revenue: Sushil Kumar Modi
PTI | September 22, 2018 10:40 PMGoods and Services Tax Network (GSTN) would conduct an audit to find out the reasons for revenue shortfall in some states across the country, BiharDeputy Chief Minister and chairman of GSTNGroup of Ministers (GoM) SushilKumarModisaid Saturday.
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Infosys to design new forms for filing GST returns
IANS | September 22, 2018 8:34 PMThe Goods and Services Tax Network (GSTN) has directed Infosys to design new forms for filing returns by traders, said its Group of Ministers Chairman Sushil Kumar Modi.
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Trump’s H1-B visa update: US says will end work permits for families in 3 months
PTI | September 22, 2018 5:55 PMThe Trump administration in the United States has told a federal court that its decision to revoke work permits to H-4 visa users, a significant majority of whom are Indian-Americans, is expected within the next three months.
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Ayushman Bharat launch today: Healthcare budget not enough, but it’s a long-term game
Pragya Srivastava | September 23, 2018 4:28 PMAyushman Bharat aka PM-JAY aka National Health Protection Mission aka Modicare will subsume Rashtriya Swasthya Bima Yojana (RSBY) and the Senior Citizen Health Insurance Scheme (SCHIS).
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India pulled out 271 million people out of poverty in 10 years, says UNDP report
FE Online | September 22, 2018 12:21 PMJharkhand made the biggest strides among all states in reducing multidimensional poverty, with Arunachal Pradesh, Bihar, Chhattisgarh, and Nagaland only slightly behind.
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GST refunds: Already late, e-wallet to miss October deadline
Sumit Jha and Banikinkar Pattanayak | September 22, 2018 2:50 AMThe roll-out of an e-wallet mechanism for exporters under the goods and services tax (GST) regime may be delayed again beyond the proposed date of October 1, as the required systems are not yet in place, according to trade and official sources.
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From Rs 2 cr to Rs 10 cr – CBIC think-tank for raising revenue limit for GST returns
Sumit Jha | September 22, 2018 2:29 AMDGGST has raised reservations about some provisions in the new return filing system.
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CERC allows GST relief for solar projects
FE Bureau | September 22, 2018 2:26 AMProviding a relief to solar power developers, the Central Electricity Regulatory Commission (CERC) has held that the introduction of the GST would be considered as ‘change in law’.
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Finance ministry officials to brief parliamentary panel on ponzi scheme bill
PTI | September 21, 2018 10:26 PMSenior finance ministry officials will brief a parliamentary committee later this week on a Bill to ban ponzi schemes.
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US seeks greater access to Indian market for trade, investment
PTI | September 21, 2018 6:09 PMUS seeks greater access to Indian market for trade, investment, Sep 21 () Seeking greater access to Indian market for trade and investment, the United States Thursday said this would encourage the collaboration on many emerging technologies that will protect and drive the economies of the two nations.
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Japan’s hacked crypto exchange says $62 million worth of coins stolen
Reuters | September 21, 2018 6:00 PMJapanese cryptocurrency firm Tech Bureau Corp said on Friday it now estimates $62 million worth of digital currencies were stolen in a hack last week, but added that the amount could still rise as the precise figures would only be known once its computer server is restored.
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US seeks greater access to Indian market for trade, investment
PTI | September 21, 2018 5:45 PMSeeking greater access to Indian market for trade and investment, the United States Thursday said this would encourage the collaboration on many emerging technologies that will protect and drive the economies of the two nations.
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Fitch Ratings ups India’s growth forecast for the current fiscal to 7.8 pc, from 7.4 pc projected earlier
PTI | September 21, 2018 5:44 PMIn its Global Economic Outlook, Fitch, however, flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth.
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Big shot in arm for Modi ahead of polls: Fitch upgrades India’s GDP growth forecast for FY19 to 7.8%
Pragya Srivastava | September 21, 2018 5:51 PMWhat could be a big shot in the arm for Narendra Modi just a few months ahead of 2019 general elections is rating agency Fitch projecting a higher growth for the final year of his five-year term.
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Chinese companies express strong investment interests in India, says Tamil Nadu state official
PTI | September 21, 2018 4:54 PMChinese companies are interested in investing in India as the wage cost in the world’s second largest economy is three times higher than in the country, a Tamil Nadu state official said here Friday.
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Rural demand to pick up on MSP hikes, farm loan waivers: Report
PTI | September 21, 2018 4:12 PMRural demand is expected to pick up in the coming months driven by MSP hike, farm loan waivers and rise in rural spend in the run up to 2019 general elections, says a report.
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New job creation at 11-month high in July: 3 things you need to know about EPFO payroll data
Pragya Srivastava | September 21, 2018 3:02 PMIn the month of July, new job creation rose to an 11-month high of 9.51 lakh, taking the total number to 61.81 lakh since September 2017, as per EPFO’s payroll data.
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World Bank endorses financial support framework for India’s transition to high-middle income nation
PTI | September 21, 2018 1:43 PMThe World Bank has endorsed an ambitious five-year framework for India under which it is expected to receive USD 25-30 billion in financial support for its transition from a low-middle income to a high-middle income country, a senior official from the global lender said.
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SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
