Economy

HIGHLIGHTS: GDP back series data fuels political row: From Arun Jaitley to Chidambaram, who said what

GDP back series HIGHLIGHTS: In its first reaction after the GDP back series data that marked down the growth rates in the major part of the UPA era was released yesterday, government said that it's wr

GDP back series data puts NDA back on top, trims UPA-era economy growth rates

Belying the notion that the United Progressive Alliance (UPA) fared better in economic growth than its successor, the data released by the Narendra Modi government on Wednesday trimmed the expansion r

Reform stymied: Maharashtra withdraws APMC Bill a day after Lower House nod

The unshackling of farmers from the organised trade that exercises control on designated (APMC) mandis is proving to be a long saga in India.

Coal block auctions: Initial response positive, 69 firms purchase the tender documents priced at Rs 5 lakh

After the failure of last two tranches of coal-block auctions, the coal ministry has received “overwhelming” response for the latest invitations for 19 captive mined.

Economic capital framework: Government to seek interim dividend from RBI

The government will seek interim dividend from the central bank this fiscal, a senior official said on Wednesday, adding that the practice of asking for interim dividend is here to stay.

Arun Jaitley to present interim budget on February 1

Finance Minister Arun Jaitley will present the interim Budget for 2019-20 fiscal on February 1, 2019.

G20 Summit: In Buenos Aires, US could seek a China trade truce

President Trump is projecting a steely facade as he prepares for a critical meeting on trade this weekend with President Xi Jinping of China.

India to export fish meal, fish oil to China: Commerce Ministry

China has now agreed to import fish meal and fish oil from India as both sides have inked a protocol regarding this on Wednesday.

West Bengal to launch tax dispute settlement scheme

West Bengal will introduce a scheme for settlement of disputes for all taxation cases that will benefit up to 25,000 businesses, state Finance Minister Amit Mitra said Wednesday.

GST returns filing: Govt extends deadline for taxpayers affected by cyclones in Andhra Pradesh and Tamil Nadu

The government has extended the date for filing summary GST sales returns for October by a month to December 20 for taxpayers affected by cyclones in Andhra Pradesh and Tamil Nadu.

Blue economy a critical aspect of India’s economic development agenda: Transport and Shipping Nitin Gadkari

Union Minister Nitin Gadkari Wednesday said the blue economy is a critical aspect of the India's economic development agenda and the country endorses its growth in a sustainable manner.

Working on action plan for implementing new industrial policy: Union Minister Suresh Prabhu

The commerce and industry ministry is preparing an action plan for implementing the proposed new industrial policy, aimed at promoting manufacturing and economic growth of the country, Union Minister

Ahead of 2019 polls, Modi govt slashes GDP growth rate during UPA era

At a joint press conference along with Chief Statistician Pravin Srivastava, Niti Aayog Vice-Chairman Rajiv Kumar said variation in two sets of numbers was due to the recalibration of data in certain

Pradhan Mantri Awas Yojana (Urban): 2.75 lakh home-buyers avail CLSS under PMAY (U); Gujarat tops chart

Around 2.75 lakh beneficiaries have availed a subsidy scheme under the Pradhan Mantri Awas Yojana (Urban), with Gujarat topping the chart, the government said Wednesday.

RBI board’s decision on MSME loan restructuring a ‘step backwards’, Fitch explains why

RBI board’s decision of restructuring loans up to Rs 25 crore for the MSME sector is a ‘step backwards, said a global rating agency.

GDP back series data cuts UPA era growth rates; here’s what former chief statisticians say

The government lowered the GDP growth rates for a major part of the UPA era, stating the new data has been recalibrated to give a more appropriate picture of the economy.

Over 10 lakh jobs to be created by 2022 in cloud computing; here’s how much these professionals earn

Even as continue to see increased emphasis on cloud computing in major firms, over a million (10 lakh) jobs will be created in the sector within India by 2022, according to a report.

Rate cut is off the table, Urjit Patel had said; here’s what may happen in December RBI policy meet

RBI governor Urjit Patel had said that the central bank's mandate was only inflation targeting and that change in stance to calibrated tightening meant that rate cut was off the table. What will hap

Government to release GDP back series data today? Here’s what happened so far

The Ministry of Statistics and Programme Implementation and NITI Aayog will hold a press conference later today on the much-awaited back series Gross Domestic Product (GDP) data.

PM Modi leaves for G20 summit 2018: Jan Dhan Yojana, Oil, Mudra, Solar Alliance; these things to be on agenda

G20 Summit 2018: Modi will highlight risks posed by volatility in oil prices along with speaking on flagship schemes of his government: Ayushman Bharat, Jan Dhan Yojana, Mudra scheme etc.

After banks, SFIO gets powers to request look-out circulars against Vijay Mallya, Nirav Modi-type defaulters

Days after vesting banks with powers to keep a check on wilful defaulters by requesting the issuance of look-out circulars (LOCs), the government has now conferred the Serious Fraud Investigation Offi

Brace yourself! Oil is below $60 but petrol, diesel prices may still not fall; here’s what govt’s planning

At the beginning of October, when oil prices were hovering around$85, little did anyone, let alone the Indian government, know that oil will take a sudden u-turn.

PM-AASHA off to a slow start: MSP benefits to less than 5% kharif pulses, oilseeds

Less than 5% of kharif pulses & oilseeds get govt’s MSP benefits

Trade booster: Trade ministry working with Finance Ministry to ease export credit, says Suresh Prabhu

Calls for tapping new markets, including in Africa, Latin America, east, south and west Asia, to improve outbound shipments

‘India to become largest coking coal importer by 2022’

India is expected to become the largest coking coal importer through sea route by 2022 as the country pushes for more steel production, a Tata Steel official said on Tuesday.

Blue economy crucial for India’s economic development: Union Shipping Minister Nitin Gadkari

Highlighting India's strategic advantages in the Indian Ocean Region, Union Shipping Minister Nitin Gadkari has said the blue economy is crucial for the country's economic development.

India eyes China’s USD 630 million grape import market

A group of Chinese importers is visiting India as part of New Delhi's efforts to promote Indian grapes in China and tap the country's huge market.

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