US President Donald Trump touts ‘great American comeback’ at Davos; says 2nd phase of US-China trade deal soon

The second phase of negotiations for the US-China trade deal would begin soon and the administration is focussing on trade, which was neglected by his predecessors, Trump noted.

Economy News

Mini-economic crises looming: India’s stagflation spreads to other emerging markets

The bottom line is that each country has its own demons to slay and trouble in its backyard that has nothing to do with tensions between Beijing and Washington. That calls for a dose of caution after


New Onion crop arrival: Govt mulls lifting ban on exports

The ban on the export of onion came into effect on September 30 last year, amid spiralling onion prices.

Economy News

Inflation spike temporary, may not warrant a rate hike, says former RBI governor C Rangarajan

Retail (CPI) inflation climbed to 7.35% in December, its highest level since August 2014, much before the enactment of the inflation targeting framework in June 2016.

Inflation, monetary policy committee, Reserve Bank of India, C Rangarajan, retail inflation, Shaktikanta Das, GDP growth, National Statistical Office News

RBI allows NBFCs to auction gold pooled from multiple branches

Earlier, NBFCs were allowed to conduct the auction in the same town or taluka in which the branch that had extended the loan was located.

Economy RBI, NBFC, Gold, Gold auction, Reserve Bank of India, Non-banking finance companies, Gold jewellery, Bombay Bullion Association, Forward Markets Commission News

Fraud Fallout: SBI, two more lenders red-flag DHFL accounts

A draft forensic report by KPMG found that the lender had disbursed loans and advances to inter-connected entities which were likely linked to the promoters.

Fraud Fallout, SBI, DHFL accounts, KPMG, SFIO, RBI, NCLT, NPA account, IndusInd Bank News

PwC SURVEY: Only 27% of Indian CEOs see global growth improving

Around 27% of the Indian CEOs believe that global economic growth will improve over the next 12 months, a sharp decline from 51% who had voted for an improvement in 2019.

PwC SURVEY, global growth, Indian CEO, World Economic Forum, Davos, economic growth, global GDP growth News

GSTN working within limitations; tax consultants say several glitches

Some tax consultants complained they were faced several glitches on Monday including payments not being reflected in the taxpayers’ dashboard.

It added that till midday on Tuesday, over 2 lakh returns were filed for the tax , totalling the GSTR-3B returns filed to 67.70 lakh in this month. News

Cause for worry! Direct tax collections down 5% till January 15

Gross direct tax collections -- after refunds but before devolution to states -- for FY20 is budgeted to grow at 17.4% to Rs 13.35 lakh crore.

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Bali Meeting: India invited for fresh talks with RCEP members

Apart from India, the RCEP consisted of the 10-member Asean bloc and five other countries – China, Japan, South Korea, Australia and New Zealand.

However, some of India’s demands, such as the one for tough rules of origin, could be too hard for countries like China to accede to. News

UPI, RuPay: Banks seek funds in lieu of zero MDR

In a letter to the finance ministry, marked to the Reserve Bank of India (RBI), Indian Banks Association (IBA) has sought an acceptance development fund (ADF) to be managed by the central bank.

UPI, RuPay, zero MDR, ADF, RBI, Nirmala Sitharaman, Nandan Nilekani Committee, Rupay card transactions MDR, debit cards, finance ministry News

Agriculture produce trading touches Rs 91,000 crore mark on e-NAM platform

At present, 585 mandies (agri-markets) across 16 states and two Union Territories have been integrated on the e-platform.

Agriculture produce trading, -NAM platform, rural economy, Narendra Singh Tomar, APMC News

Economic slowdown to hit insurance premium collections: Moody’s

The total insurance premium collected slowed down marginally for the year-ended March 2019, while the dip in growth was much sharper for general insurance, it said in a report.

Economic slowdown, insurance premium collections, Moodys, moodys international, GDP growth News

WEF 2020: Need to have fairer, more equitable terms in trade relations, says Piyush Goyal

Speaking here at the World Economic Forum Annual Meeting 2020, the commerce and industry minister also called for greater cooperation among various nations to realise the huge growth prospects in the

WEF 2020, davos 2020, world economic forum, piyush goyal, World Economic Forum Annual Meeting 2020 News

WEF 2020: Donald Trump says US seeing economic boom never seen by world

In a special address at the World Economic Forum (WEF) annual summit, he said since he last addressed Davos two years ago, the US has enjoyed the "great American comeback" that he had predicted.

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WEF Davos 2020: US-China trade deal 2nd phase to begin soon, says Donald Trump

Talking about reforms undertaken by his government, Trump said, "I knew that if we unleashed the potential of our people, cut taxes, slashed regulation, fixed broken trade deals and fully tapped Ameri

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India’s growth slowdown has hit global economy; IMF tells why world must sit up and take note

The sharper than expected slowdown in the Indian economy and other emerging economies pulled down the global growth forecasts for 2020, January's World Economic Outlook update by International Monetar

imf, unternational monetory fund News

Pakistan beats India in this fairness test: Check how the two nations fare in global ranking

Despite having better economic growth and privileges, India was not able to move past Pakistan in the fair wage distribution.

Economy News

WEF 2020: Global body calls for urgent changes to international tax systems to tackle inequality

Referring to an Oxfam study released here on Monday, Independent Commission for the Reform of International Corporate Taxation (ICRICTC) said the inequality crisis remains unaddressed and out of contr

WEF 2020, davos 2020, world economic forum, international tax systems News

PM Modi, Nepalese counterpart KP Sharma Oli inaugurate check post at Jogbani-Biratnagar

Built with Indian assistance, the integrated check post is spread over 260 acres and is capable of handling 500 trucks on a daily basis.

narendra modi, pm modi, KP sharma oli, nepal pm, india nepal relations, Jogbani Biratnagar check post, KP oli News

Prepare for attack by govt ministers on IMF, Gita Gopinath: Chidambaram on growth forecast

"Reality check from IMF. Growth in 2019-20 will be BELOW 5 per cent at 4.8 per cent," Chidambaram said in a series of tweets. "Even the 4.8 per cent is after some window dressing. I will not be surpri

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Shaktikanta Das brings in historic change; RBI meetings will now be more trasnparent

The step to publish minutes of the meeting may also help the government and the RBI to preempt difficult questions on contentious issues such as transfer of surplus RBI capital reserves to the governm

Economy News

WEF 2020: India 4th best market for global companies looking for growth abroad, says CEO survey

On the other hand, Indian chief executive officers (CEOs) showed second highest level of confidence at 40 per cent after China's 45 per cent when it came to overall revenue growth prospects of their o

wef, world economuc forum, india companies, india inc, PWC News

More misses than hits; here’s how the ‘winners’ from FM Sitharaman’s first budget have fared

The July budget gave bigger allocations for rural housing, roads and programs that support small businesses producing cattle feed, measures that were seen buoying companies like Hindustan Unilever Ltd

Economy News

Some Relief! Extra MEIS benefit may continue only for electronics

The growth in India's electronics exports has been much higher than the rise in overall goods exports in recent years, albeit on a low base.

Economy News

FY20 Forecast: IMF cuts India growth estimate sharply to 4.8%

IMF’s latest estimate is lower than that of both the National Statistics Office and the Reserve Bank of India, which have forecast a 5% expansion for the country in FY20.

imf, unternational monetory fund News

Govt mulls US-like equity support for ‘top 20’ NBFCs

The TARP was an initiative by the US Treasury to stabilise the financial system during the global financial crisis by buying mortgage-backed securities and investing in common shares of troubled compa

nbfc, non banking financial company News
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