Economy

RBI Governor Shaktikanta Das says ‘wait and watch’ crude oil prices after Saudi Aramco drone strikes

RBI governor Shaktikanta Das said that drone attacks on Aramco may have some impact on India’s current account deficit and fiscal situation if the issue lasts longer.

shaktikanta das, rbi governor, rbi on saudi aramco, saudi aramco, oil News

India, US working towards early resolution of trade related issues, says Piyush Goyal

Further talking about the proposed mega free trade agrement RCEP, Goyal said India has decided to conduct a meeting through video conference with rest of the 15 members on certain issues.

Economy News

GST Council Meeting: Modi govt may find it tough to meet rate cut demands from industry

GST Rate: Automobile, real estate, and FMCG companies are hopeful that the GST council may announce some relief for them in Friday's meeting in Goa.

GST, GST Council Meeting, Goa GST Council Meeting, Nirmala Sitharaman, Cement, Automobile, Biscuit Manufacturers, News

Potato, petrol, LPG prices tumble in August; WPI inflation remains at 27-month low

Wholesale prices of potato, petrol, and LPG fell by 21.3 per cent, 5.6 per cent and  27.9 per cent respectively, driving the wholesale prices index inflation in India to remain at a 27-month low of 1

WPI inflation in august, wholesale prices, potato, petrol, LPG, rate cut News

Renewable Power Projects: Clear energy dues, MNRE tells states

At July-end, combined dues of discoms to 26,725 MW of renewable energy projects, which submitted the relevant data to the Central Electricity Authority, was Rs 9,736 crore.

Renewable Power, Renewable Power projects, energy dues, MNRE, electricity distribution News

Ravi Shankar Prasad exhorts electronics, mobile companies to step up manufacturing, export from India

The government on Monday exhorted captains of electronics and mobile industry to step up investments as well as manufacturing in India and asserted that fundamentals of the economy remain strong despi

Economy News

Petrol, diesel prices may surge Rs 5-6 per litre: Fuel may get costlier after Saudi drone strikes

A surge in global crude prices driven by drone strikes on Saudi Aramco’s oil refinery in Saudi Arabia will likely hit India’s oil marketing companies Indian Oil Corp, HPCL and BPCL, potentially sq

petrol, diesel, crude, refinery, retail price, VAT, excise duty, dealer commission, dealer price, fuel cost, saudi drone attack News

Wholesale price-based inflation unchanged at 1.08 per cent in August

Wholesale price-based inflation was unchanged at 1.08 per cent in August even as prices of food items rose, government data showed on Monday.

inflation, Wholesale price-based inflation, inflation in August, food items inflation, Vegetable inflation,Inflation in protein-rich items News

Farm loan waivers post-demonetisation shake up state finances, rise to peak levels

In the past five years, just a handful of states have already waived three-times the amount waived by the central government in 2008-09.

farm loan, farm distress, rbi, RBI, loan waiver, rbi working committee, farm distress, farmer suicide News

Indians sent more money abroad under Modi govt; outward remittances at all-time high in July

The outflow of funds by resident Indians under LRS over the last five years has almost negated the inflow of funds by FPIs in the same period.

remittances, foreign currency, inward remittance, outward remittance, NRI, non-resident Indians News

India’s $7 billion of export stimulus to revive a flagging economy isn’t enough

India’s new measures announced Saturday to revive a flagging economy through an aid to exporters isn’t as big a boost as the initial numbers suggested.

Economy News

China’s economy strains under disappointing data

China's economy showed more signs of strain Monday as the country published weak data for industrial output, investment and retail sales, amid a lingering trade war with the United States.

Economy News

Very difficult for China’s economy to grow 6 percent or faster: Premier Li Keqiang

China faced "certain downward pressure" due to slowing global growth as well as the rise of protectionism and unilateralism, Chinese Premier Li Keqiang said in an interview with Russian media which wa

Economy News

PM-KMY: Over 14 lakh join Modi govt’s pension scheme for farmers

According to the agriculture census 2015-16, out of 12.56 crore small and marginal farmers (based on operational holdings), only 14.36% were female.

PM-KMY, pension scheme, farmers pension scheme, PM-Kisan pension scheme, marginal farmers, small farmers News

PSU Disinvestment: IOC, NTPC, BPCL, GAIL may go into private hands this fiscal

Stake sales in the Maharatna firms — namely IOC, NTPC, BPCL and GAIL — could happen either through the OFS or ETF route; strategic sale of at least one of them is also on the radar. In all these C

PSU Disinvestment, IOC, NTPC, BPCL, GAIL, central public sector undertakings News

Exporters say govt incentives will boost shipments

Sharing similar views, world trade information provider Connect2India founder and CEO Pawan Gupta said there are two big roadblocks to expansion of global trade today, one is lack of easy availability

Economy News

People well-versed in macroeconomics can only revive economy, says Subramanian Swamy

Swamy has come out with a book in which he takes a critical look at various aspects of the Indian economy, both past and present.

Subramanian Swamy, BJP MP Subramanian Swamy, IMF, World Bank, macroeconomics, indian economy, Modi government 2.0 News

Potential for India’s USD 80 billion remittances economy 

How can India’s diaspora, both NRIs and PIOs, contribute further to the nation’s economic growth?

remittances, economy, $5 trillion economy, working abroad, dollars, rupees, $80 billion remittance economy News

Tough time will pass: Nitin Gadkari on economic slowdown

"I know the industries are going through a tough time now. We want to increase the growth rate. "Recently, I met automobile manufacturers at all India convention of automobile industry and all of them

Nitin Gadkari, economic slowdown, MSME, Vidarbha Industries Association, global economy, automobile industry News

Existing export policy to be replaced with Rs 50,000 cr scheme, all you need to know

The existing remission of central and state levies scheme, meant for just garments and made-ups exports, will also be subsumed by the new scheme called Remission of Duties and Taxes on Export Product.

export policy, Existing export policy, MEIS, Merchandise Exports, state levies scheme, economy news

Good news for homebuyers! Stuck housing projects to get Rs 10,000-crore lift

The new fund will have an NIIF-like structure where the government will contribute half of the corpus and other investors, including foreign ones and domestic financial institutions like LIC, will do

homebuyers, housing projects, real estate sector, Nirmala Sitharaman, economic growth, middle-income housing projects News

India-Central America: Indian companies head to Guatemala to explore opportunities in various sectors

According to Mubarak, “A delegation comprising 20 major Textile companies mostly from Guatemala led by Tony Malouf, Minister of Economy-Designate of Guatemala participated for the first time in 2019

Economy News

Knitwear exporters hail FM Nirmala Sitharaman announcement to boost exports

The measures would give confidence to the struggling Tirupur knitwear export sector, he said and hoped that the pending amount would be reimbursed expediently.

Economy News

Govt’s move to benefit 3.5 lakh home buyers; provides Rs 10,000 crores for last mile funding

Finance Minister assured that the interest on home building advance will be lowered and will be linked with 10-Year G-Sec yields.

house, home buyers, homes, real estate, realty, nirmala sitharaman, relief measures, 10000 crore for last mile funding News

Dubai-like mega shopping festivals in India next year: Nirmala Sitharaman’s move to boost exports

In order to boost exports, the Finance Minister Nirmala Sitharaman has announced Dubai-like mega shopping festivals in India, starting March 2020.

Nirmala Sitharaman, Finance Minister, CGM, Chief General Manager, PSU Bank, Merger News

Finance Minister Nirmala Sitharaman’s relief measures for exporters; all you need to know

To boost the exports from the country, the government has provided additional credit support of up to Rs 68,000 crore in the priority sector lending.

GST, GST Council Meeting, Goa GST Council Meeting, Nirmala Sitharaman, Cement, Automobile, Biscuit Manufacturers, News

Govt announces revised priority sector lending scheme for exporters

The minister said the initiative is expected to cost Rs 1,700 crore annually and will enable reduction in overall cost of export credit including interest rates, especially to MSMEs.

Economy News
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