Economy

India’s growth trajectory holds immense potential for global stakeholders

India improved its ranking on the World Bank's 'ease of doing business' report for the second straight year, jumping 23 places to the 77th position on the back of reforms related to insolvency, taxation and other areas.
India growth trajectory, UN forum, ECOSOC Forum, World Bank, Ease of Doing Business rankings, Ayushman Bharat News

75 bankers in running for top roles in public-sector banks

The Bureau has chosen the 75 bankers for the top role from a pool of 450 senior management personnel across nationalised banks.

banks board burea, public sector banks, banking sector, banking industry News

We are far better: IAS officers don’t feel threatened by lateral entry in civil services

The Indian bureaucracy is unperturbed by the recent selection of nine private sector professionals as joint secretaries as they feel outsiders with no exposure to Indian reality cannot succeed in poli

private sector specialists, joint secretaries, govt departments, Indian Administrative Service, Indian Police Service, Indian Forest Service, Indian Revenue Service, Union Public Service Commission, government jobs, upsc, india news

London School of Economics announces Amartya Sen Chair; here’s why Nobel laureate’s name was chosen

With an aim to honour renowned India-born economist Amartya Sen, the London School of Economics and Political Science, has announced a Chair in his name.

Economy News

Trading in red chili, mangoes, herbs to hit after cross LoC trade shut

The 21 items listed for the cross LoC trade include bananas, embroidery items, tamarind, red chili and cumin for exports while imports mainly were almonds, dry dates, dry fruits, herbs, mangoes and pi

Economy News

India still not power-surplus nation; peak deficit at 0.8 percent, energy deficit at 0.6 pc in 2018-19

But, the peak power deficit was 2.1 per cent, while overall electricity deficit was 0.7 per cent across the country in that financial year.

Economy News

All is well with Modi’s Mudra loans; NPAs within RBI limits, says finance ministry official

 The overall non-performing assets under the government's flagship scheme "Pradhan Mantri Mudra Yojana" for promoting small businesses  are under the Reserve Bank of India’s permissive limits but

Electoral Bonds, इलेक्टोरल बांड्स, Supreme Court, सुप्रीम कोर्ट, Political Parties, Fund का आदेश, receipts of electoral bonds, identity of donors News

India suspends cross-LoC trade with Pakistan, says route being ‘misused’ to smuggle weapons, drugs

It said a stricter regulatory and enforcement mechanism is being worked and the issue of the reopening the trade routes will be revisited once they are implemented.

india pakistan LOc trade, illegal weapons, fake currency, most favoured nation, LoC trade, Jammu and Kashmir, india pakistan trade News

RBI MPC minutes reveal the real reason why Shaktikanta Das cut repo rate

Another external expert on the six-member MPC Chetan Ghate too had voted against reduction in the repo rate. Four of the six MPC members had voted in favour of a 25 basis points reduction in the polic

RBI MPC minutes, Shaktikanta Das, repo cut rate, RBI Governor, Viral Acharya, Reserve Bank, Indian economy, inflation News

Inflation, stock market and Indo-Pak war: 3 reasons behind rebound in consumer confidence

Meanwhile, the increase in consumer confidence was also shown by RBI’s Consumer Confidence Survey (CCS) for the month of March 2019.

Economy News

Rahul Gandhi’s NYAY or Modi’s PM-KISAN: No. This is what poor Indians want, not money from govt

Our government spends less than 1.5 percent of the GDP on public healthcare, therefore 70 per cent healthcare expenses are met by individual’s own pocket. Due to this 7 per cent Indians are pushed i

Economy News

No career growth? Move to Pune for better job prospects; check other best cities to work

The continued and significant GDP growth has failed to enthuse the job market for the forthcoming half year, said TeamLease Services Ltd. in its latest Employment Outlook Report.

Economy News

When you are done with elections, review how RBI sets inflation target, says Modi’s economic advisor

The RBI has in the past faced criticism for largely overstating inflation, forecasts that were then used to underpin the monetary policy committee’s hawkish policy stance and two interest-rate hikes

Economy News

As Mukesh Ambani’s RIL looks at Saudi Aramco’s billions, India’s trade hangs in balance

In a country at grave risk from climate change, whose cities are already choking on vehicle smog, reducing the reliance on imported fossil fuels is more than just an issue for the current account.

Economy News

Big drop in trade deficit with China? Only if Hong Kong is not counted

Similarly, while its exports to China rose 31% up to January, its despatches to Hong Kong declined nearly 14%. This upset India’s trade equlibrium with Hong Kong —from a surplus of $4 billion in F

India’s imports from China dropped 5% from a year before, its purchases from Hong Kong jumped almost 59%. News

Tariff trigger: Trump stirs alarm that he may be giving China a new trade weapon

Details of the US commitments and how the enforcement mechanism will operate remain scant. But Mnuchin’s comments have caused plenty of raised eyebrows from legal scholars to the business community

Mechanism being contemplated would require consultations between US and China over disputes but ultimately allow either side to impose sanctions unilaterally News

High growth achieved by India not possible without job creation, says Niti Aayog CEO Amitabh Kant

Niti Aayog CEO Amitabh Kant's statement comes against the backdrop of a report by Azim Premji University suggesting that employment opportunities declined and 5 million men lost their jobs between 201

Amitabh Kant, Niti Aayog CEO, job creation, Arun Jaitley, GDP numbers, Indian economy, jobless growth News

How to boost exports: Suggestion to Modi govt as full fiscal trade deficit hits record high

Trade deficit in 2018-19 has widened to $176.42 billion against $162 billion in 2017-18, according to the recent data by Ministry of Commerce and Industry.

Economy News

25 WTO members may come out with declaration on critical issues in May

India has convened a meeting of 25 developing member nations of the World Trade Organisation (WTO) on May 13-14 here.

WTO member countries, World Trade Organisation, fishery subsidies, agriculture News

Not enough money in market, despite RBI printing more currency; star strategist lists two reasons

As growth continues to slow and inflation stays below the target, interest rates may keep falling, but likely not fast enough to revive growth quickly.

Economy News

Unemployment doubled in last 8 years; 50 lakh jobs lost since demonetisation

Even as unemployment issue gathers steam in the ongoing elections, a new report has found that the jobless rate has doubled in the last eight years to 2018.

Economy News

Underpaid at work? Blame it on lack of skills

India’s five labour market transitions are key to understanding our migration patterns. Today, we are taking people to jobs and not jobs to people.

Economy News

Don’t waste interest rates, use RBI policy statement as policy tool in itself

The report suggested the RBI to provide “second generation signals” in its policy statement inorder to reduce the disconnect with market expectations.

Economy News

Modi’s minister says need to do more on jobs, but the real crisis is data

India is going to be home to the world’s largest workforce by 2017, Puri said. Therefore, there is a need for providing proper education and skill to them or else there would arise enormous problems

Economy News
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