Economy

India again extends deadline to impose high import duties on 29 US products till May 2

A notification of the finance ministry said that implementation of increased customs duty on specified imports originating in the US has been postponed from April 1, 2019 to May 2, this year.

Economy News

Current account deficit widens to 2.5% of GDP in Q3 on account of a higher trade deficit

On a balance of payment basis, the reserves shrank by $4.3 billion in Q3FY19 compared with depletion of $1.9 billion Q2FY19.

CAD, trade deficit, GDP, Nirav Modi fraud, FPI,  current fiscal, Portfolio investment News

CBDT asks I-T to probe money laundering by firms struck off by RoC

During FY 18, the RoCs had removed over 2.25 lakh companies for failing to furnish financial statements and annual returns for more than two consecutive financial years.

CBDT, IT, income tac department, money laundering, National Company Law Tribunal, economy news

Kerala govt entity raises Rs 2,150 crore via masala bonds

KIIFB is also the country’s first state government agency to access the offshore debt market.

Vijaya Bank, Dena Bank, Bank of Baroda, BoB, account holders, borrowers, depositors News

Facebook, WhatsApp, other social media sites face Rs 5 crore penalty for data breach

Sources said considering the tremendous growth of IT platforms, including social media platforms and the increasing contraventions being reported, the residuary penalty is not considered adequate and

MeitY, data breach, Facebook, WhatsApp, Twitter, Information Technology, Information Technology Act, economy news

Low inflation helped the middle class, says CEA Krishnamurthy Subramanian

The inflation has been well under control in the tenure of the current government.

Inflation, GST, Krishnamurthy Subramanian, Monetary policy framework, debt repayment News

US, China report progress in Beijing trade talks

The talks are set to resume next week in Washington with a Chinese delegation led by Vice Premier Liu He.

US China, US china trade talks, Beijing trade talks, Donald Trump, economy News

White House calls for Fed to reverse US rate hikes

The president's top economic adviser said the White House would like the Fed to reverse some recent rate hikes and stop shrinking its bond holdings to protect the U.S. economy from weakness overseas.

White house, US, Donald Trump, US rate hike, economy news

Government to borrow Rs 7.02 lakh crore in first six months of next fiscal

Government borrowing calendar 2019-20: The Union government will borrow over Rs 7 lakh crore in the first half of next fiscal, almost equal to its total estimated borrowing for the full fiscal.

Government borrowings, Calendar, Dated Government Securities, Treasury Bills, G-Secs News

Brexit vote: Theresa May turns third time unlucky; here’s what all happened till now

Theresa May's Brexit deal was defeated once again as the UK lawmakers rejected the deal for the third time on Friday leaving country’s exit from the EU in jeopardy.

Economy News

Forex kitty continues to swell, crosses US $406.7 billion

Expressed in the greenbacks, foreign currency assets include the effect of appreciation/depreciation of non-US units like the euro, pound and the yen held in the reserves. The reserves had touched a l

forex, forex exchange, forex market News

India’s trade ministry proposes delaying retaliatory tariffs on US goods

Indian officials believe India could lose its preferential treatment in early May. The Indian government has asked the U.S. administration to review its decision, two government officials with close k

Economy News

Save us from your income tax officers, they are spreading fear: CAs write to PM Modi, FM Jaitley

In a clearly worded letter, various chartered accountant bodies have written to Prime Minister Narendra Modi and Finance Minister Arun Jaitley asking them to hold back tax officials instructed to take

Modi Interview, PM Modi Interview highlights News

Major worry for Modi govt as April-Feb fiscal deficit hits 134% of FY19 target

In a major worry for the Modi government, the April-February fiscal deficit hit Rs 8.51 lakh crore or 134.2 per cent of the budgeted target for FY19, government data showed.

FPI, India-focused funds, non-ETF outflows, Kotak Institutional Equities, Foreign portfolio investors, market news

Lok Sabha elections 2019: Jobs, air quality, GST key issues for voters, says survey

Unemployment, air quality, GST are among the key issues that people expect the next government to address, a survey said.

tnmrb recruitment 2019, tnmrb notification 2019, tnmrb recruitment, tnmrb jobs 2019, tnmrb jobs News

E-way bill rules changed, GST evasion gets more difficult; what transporters must know

The government has announced certain changes in the e-way bill system to tackle the goods and services tax (GST) evasion.

Economy News

Raghuram Rajan seeks protection for RBI Governors; says, statutory term need of hour

Statutory protection for the RBI Governor’s term is needed to strengthen the independence of Reserve Bank of India (RBI), Raghuram Rajan said.

Economy News

Rahul Gandhi’s NYAY difficult to implement; Arvind Panagariya raises 3 key questions

The minimum income guarantee scheme, NYAY, proposed by Congress is difficult to implement and poses serious challenges to the economy, said former NITI Aayog vice chairman.

NITI Aayog, Arvind Panagariya, Nyuntam Aay Yojana, fiscal challenge, india news

Madhya Pradesh rolls out Bhavantar scheme for kharif 2018, to spend Rs 1,000 crore

The Congress, which won the Assembly election after a gap of 15 years on the back of its farm loan waiver promise, cannot ignore the resentment at a time when the Lok Sabha election is due in April-Ma

Madhya Pradesh, Bhavantar scheme, kharif 2018 crop, PM AASHA,  MSP News

India solar panel prices continue to fall on 25% y-o-y dip in global rates

Kunal Chandra, managing director of Proinso India, the Indian arm of the UK-based solar solutions provider, said going ahead, some of the important events that will drive demand in the solar market wo

India solar panel prices, China, Malaysia, Proinso India,  solar sector News

Trading in RECs falls by 4% this fiscal

REC inventory are those renewable energy credits attributable to the generating plants that own electricity generated from the renewable source first and then push it to the grid.

India Energy Exchange, renewable energy certificates ,  REC inventory, REC trading session, IEX News

108 economists can’t be ignored: Oxfam disses CAs; says accountants don’t represent 93% labour force

The problem is not just jobs, but lack of decent jobs, said Diya Dutta. The vast majority of the youth who are being educated will not be satisfied with low skilled manual labour jobs any longer, she

Economy News

NYAY scheme: How Rahul Gandhi’s income scheme plans to revive demonetisation hit economy

NYAY, the minimum guaranteed income scheme, comes with a two-fold objective - provide money to poor and revive the economy - Congress president Rahul Gandhi.

Economy News

Start-ups, ecommerce, info-tech services boost private equity, venture capital

Private equity and venture capital investments in the country stood at USD 20.5 billion across 786 transactions in 2018.

Sebi, trading, risk management framework, equity derivatives, Margin Period of Risk , futures & options News

US President Donald Trump urged to delay decision on terminating India from GSP Programme

Trump this month informed the US Congress about his intent to terminate the designation of India as a beneficiary developing country under Generalized System of Preferences(GSP) programme that facilit

Economy News

Don’t worry, El Niño may not hit monsoon rains this year; here’s what weather department says

Even though concerns on El Niño gain ground globally, India may not be impacted much as monsoon would be robust this year, said state-run India Meteorological Department (IMD).

Monsoon, Monsoon Forecast, Skymet, Weather, Agriculture, Economy, Rain, Rain India News

Economic superpowers US and China edge towards a deal; trade talks to open in Beijing

While US President Donald Trump has voiced hope that he could soon hold a signing ceremony with his Chinese counterpart Xi Jinping, negotiations have dragged on, suggesting substantial differences rem

Economy News
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