Economy

Double digit salary hike coming in 2019, highest in Asia; but employees must watch out for this

Employees in India may be in for a pleasant surprise as a double-digit salary hike is on the cards this year -- the highest in Asia -- a global consulting firm has said in a recent report. However, du

Economy News

High real interest rate, low inflation add to RBI dilemma; will it cut monetary policy rate? Expert take

The falling retail inflation on one hand and unchanged interest rate on the other, raise a potent question whether the real interest rate in India is too high to revive stagnated investment and thus b

Economy News

Here’s how much fiscal deficit will widen if Modi gives farm relief package ahead of election, Fitch reveals

It may be noted that several state governments have declared farm loan waiver worth Rs 1.88 lakh crore since April 2017, with analysts predicting a total waiver of Rs  2.75-3 lakh crore by 2019 gener

Economy News

China’s top trade negotiator to visit US January 30-31

China's top trade negotiator will travel to the United States to resume talks later this month ahead of a March deadline to avoid bruising tariff hikes, the commerce ministry said Thursday.

Economy News

May need more currency as GDP size increasing, says RBI official

The central bank official said there has been a decline in counterfeit notes and whatever is in circulation at present is "very crude counterfeiting".

GDP size, reserve bank of india, NBFC, MSME, currency notes of denominations, bank credit, economy News

India’s GDP growth would be even better if global factors did not play spoilsport, says Fitch

On the fiscal front, Ind-Ra said that the fiscal deficit is expected to rise to 3.5% of GDP in FY19 compared with budgeted 3.3%.

India to grow at 7.2 pc in 2018-19: CSO estimates News

Electronics import duty working in India’s favour! Dec trade deficit falls to 10-month low, thanks to this

Import of electronics -- India’s second highest value import item -- shrank 5% in December, helping bring overall import bill down by 2.4% on-year in the month. This, in turn, coupled by an uptick o

Economy News

I-T refunds in 24 hours by 2020: Infosys to build Rs 4,242 crore tax filing system to help taxpayers

In a bid to reduce the processing time for refunds to just one day from 63 days, the government has selected IT-major Infosys to develop Rs 4,241.97 crore worth next-generation income tax filing syste

tax-saving-tax-free-earnings which earnings are tax free News

Budget 2019: Here’s how much income tax relief Modi-Jaitley have given in last 4 years

Budget 2019: We take a look at how much of aggregate income tax relief Finance Minister Arun Jaitley has given in the last four years of Narendra Modi’s government.

budget 2019, union budget 2019, income tax rates, income tax slabs, reduction in tax rates, budget 2019 expectations, budget 2019 income tax, exemption limit, Arun Jaitley News

Pressed by UDAY deadline, Kerala’s electricity board pitches for hiking tariffs by 10%

After trimming its aggregate technical and commercial (AT&C) losses to 11.9%, the Kerala State Electricity Board (KSEB) has pitched for hiking user tariffs by 10% to add at least Rs 1,100-crore re

power sector, power industry, udai News

Freight rates in January come off up by to 2%

Despite an increase of Rs 2 per litre in the price of diesel over the last 10 days, truck rentals have come off by 1.5-2%.

freight rates, trucks News

CCI fines Gujarat-based Chemist association for restrictive trade practices

Fair trade regulator CCI has imposed a penalty on Gujarat-based Chemists and Druggists Association of Baroda for indulging in restrictive trade practices.

medicine, nic, cci News

Vibrant Gujarat: PM Narendra Modi to inaugurate India’s biggest trade show in home state Gujarat

The Government of Gujarat will be focussing on Exports, Trade and Investment Potential at Vibrant Gujarat 2019. The VGGTS will house some of the major pavilions such as Automobiles, Agro and Food Proc

Economy News

How much tax you will pay on lottery tickets, these ministers will decide

With an aim to address the disparity on tax structure, a Group of Ministers (GoM) on issues related to lottery has been constituted on Wednesday.

big news for nps accountholders now make partial withdrawal even after 3 years News

Why KALIA may be better option than loan waiver in supporting big, small farmers

Even as loan waivers are known to help a small number of farmers, Odisha has come up with a farmer-centric scheme which assists farming on a large and secular scale.

agriculture sector, agricultyre industry, pm narendra modi, narendra modi News

Jobs up, inflation down: Consumer confidence bouncing high; here’s what survey shows

After a slight fall in December, consumer confidence has moved up by 2.7 percentage points.

Consumer confidence in Modi's economy is falling, but wait, it's not all bad news

Where are jobs? Piyush Goyal retorts: Modi govt created enough jobs, data fails to show real picture

Rejecting claims about the rise in unemployment, Railway Minister Piyush Goyal said the existing methods to capture jobs data have failed to offer a real picture.

Job security, Government Jobs, Piyush Goyal, Railway Jobs, RRB Jobs, Prakash Javadekar, Jobs in India, job opportunities, jobs news

RBI may take dovish stance in February policy with softer inflation

The inflation based on the Consumer Price Index (CPI) eased to an 18-month low of 2.19 per cent in December compared to 2.33 per cent in November and 5.21 per cent in December 2017.

Economy News

Brexit Blues: A look at UK-India trade relations ahead of no confidence vote

After the rejection of Theresa May's Brexit deal, the largest ever for a sitting government in the history of UK, all eyes are on the vote of confidence to be held later in the day.

brexit, uk brexit plans, uk brexit, uk, theresa may News

India to buy USD 5 bn oil, gas from US & spend USD 18 bn in defence

The US export to India has gone up by at least 30 per cent, India's Ambassador to the US Harsh Vardhan Shringla told the American business community, his first major public engagement Tuesday.

Economy News

GST net: Spotting tax evasion easier under new regime

As a multi-stage levy, the goods and services tax (GST) was supposed to make evasion difficult, but the figures for the first nine months of the current fiscal show either evasion has increased or its

gst, gstn News

Trade winds: Imports shrink after 27 months, exports up marginally

Merchandise export growth slowed for a second straight month to just 0.34% in December 2018.

trade, trade deficit News

NDA govt outscored predecessors on macro indicators, says FM Arun Jaitley

Taking a swipe at “unstable alliances”, finance minister Arun Jaitley on Tuesday said the stable and decisive government led by PM Narendra Modi has trumped other governments on macro indicators s

arun jaitley, finance minister arun jaitley, economy News

World Economic Forum annual meeting to focus on globalisation, new models for peace and inclusiveness

More than 3,000 leaders from across the world, including Swiss President Ueli Maurer, Japan's Prime Minister Shinzo Abe and German Chancellor Angela Merkel will attend the high-profile WEF Annual Meet

world economic forum, world economic forum 2019 News

Vibrant Gujarat Global Investment Summit 2019 to celebrate Africa Day on January 19

In an effort to further deepen India-Africa trade ties, the 9th ninth edition of the Vibrant Gujarat Global Investment Summit 2019 will celebrate Africa Day on Jan 19, marking the trade ties between I

Vibrant Gujarat Global Investment Summit 2019 to celebrate Africa Day on January 19

GoM to look into feasibility of GST rationalisation, composition scheme for real estate

The GoM would also analyse tax rate of GST, including issues/challenges in view of the proposal for shoring up the real estate sector.

GoM, GST rationalisation, real estate, Arun Jaitley, gst council News

RBI to inject Rs 10,000 cr through open market operations this week

The eligible participants should submit their offers in electronic format on the RBI Core Banking Solution (E-Kuber) system on January 17.

RBI, open market operations, RBI Core Banking Solution system, RBI Core Banking Solution News
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