Economy
Donald Trump says he could impose more China tariffs
Trump and Xi called a tariff ceasefire and agreed to resume trade talks after meeting at the Group-of-20 summit in Japan in late-June, breaking a six-week stalemate.
Kharif crop output might be steady this season: ICAR
India had produced a record 142.75 million tonne (MT) of foodgrains — rice, wheat, pulses and coarse cereals — in 2018 kharif even as the monsoon was 9% below normal.
Monetisation: FCI to lease out warehouses
Given the National Food Security Act and the government's plan to double farmers' income by 2022, the costs of procurement and storage of grains could rise further in the coming years.
Government signs contracts for 32 hydrocarbon blocks under OALP
HELP’s hallmarks are single licence for exploration of all forms of hydrocarbons (including shale gas and CBM), a simple revenue-sharing model, and marketing and pricing freedom for the developers.
Reforms agenda to be included in power distribution guidelines
The minister wants the new perspective plan to also include power sector ‘Reforms 2.0’, which sources say, are managerial suggestions — such as franchisee business model.
Need to tap foreign capital to accelerate growth to 8%: CEA K V Subramanian
On the merger in the public sector banks, Subramanian said they are being done based on synergies, and policy is to exploit economies of scale.
Christine Lagarde resigns as IMF MD
The relinquishment of my responsibilities as Managing Director announced previously will remain in effect until then," Lagarde said in a statement. David Lipton remains the IMF Acting Managing Directo
No changes planned in multi-brand FDI policy: Piyush Goyal
Piyush Goyal, who is in the UK on a three-day visit concluding on Tuesday, addressed the India-UK Joint Economic and Trade Committee (JETCO) on Monday
Local sourcing norms for FDI in single-brand retail to be eased in few weeks: Piyush Goyal
The government in Budget proposed that local sourcing norms will be eased for FDI (foreign direct investment) in single brand retail sector.
Ravi Shankar Prasad exhorts CSCs to aim for transaction turnover of Rs 3 lakh crore in 5 years
The two sides agreed to facilitate distributors to avail various services through these centres including booking new LPG connection (Ujjwala & General category), booking of LPG refills and supply an
Trade deficit may have shrunk in Q1 FY20, but India must watch for these factors going ahead
Even as the trade deficit narrowed in the last month, the economy needs to be watchful going ahead, analysts said.
Taxmen detect Rs 37,946 crore fraud in FY19
Thakur said the tax officers have taken various measures to curtail this type of fraud, and field formations of the Central Board of Indirect Taxes and Customs (CBIC) are sensitised to keep a check on
In these 6 states, farmer families live on less than Rs 5,000 per month
Agricultural households in Bihar, Jharkhand, West Bengal, Uttarakhand, Odisha, and Uttar Pradesh have an average monthly income of less than Rs 5,000.
India’s renewable energy capacity crosses 80GW-mark, says RK Singh
Accordingly, the government has set a target of installing renewable energy capacity of 175 GW by the year 2022, the minister said.
Anti-dumping duty likely on aluminium and zinc coated flat products from 3 nations
The recommended duty ranges between USD 28.67- 199.53 per tonne.
Modi govt needs to rework international treaties to tax global tech firms
Taxing global tech giants: Countries like India lose out on a significant revenue base because of complex business and corporate structures, and international treaty obligations.
China’s growth worries set to endure amid trade war with US
China’s slowdown will continue to provide the backdrop to re-booted trade negotiations with the U.S. in the months ahead, with economists forecasting a full-year expansion of 6.2% this year and 6.0%
India’s exports contract 9.7% in June, worst since January 2016
Goods trade deficit ballooned to $46 billion in the June quarter from almost $36 billion in the previous three months, threatening to reverse the benign current account deficit (CAD) level of 0.7% of
Tax on FPIs: Relief to less volatile investors not easy — here’s why
FPIs remained net buyers in most part of 2019, having bought shares and local papers worth $13.08 billion so far this year. This compares with last year’s sale of $4.6 billion in equity and $6.7 bil
Decline in exports reflects sluggish global economic conditions: FIEO
Such a de-growth in exports is a reflection of sluggish global demand and rising tariff war," he said in a statement.
India’s services receipt in May rises 15.5% to USD 18.68 billion
On a month-on-month basis, the services imports in May rose by 9.6 per cent from USD 11.4 billion in April 2019, as per the RBI monthly data on 'India's International Trade in Services'.
Exports fell nearly 10% but trade deficit narrower than expected
Exports from India fell by 9.7 per cent y-o-y to USD 25.01 B, whereas imports have decreased by 9.06 per cent y-o-y to USD 40.29 B in June 2019.
Gems and jewellery exports plunge 16.3% to $2.8 billion in June
The issue has also led to slowing demand from the US which otherwise has been steady, he added.
Modi govt’s bid to tax global tech giants may come unstuck
Modi government faces several hurdles in taxing international tech firms such as Google, Facebook, Twitter, and others.
GST collection of states rises to Rs 5.18 lakh crore in FY19
The average gross GST collection in 2018-19 fiscal was Rs 98,114 crore, up from Rs 89,885 crore in 2017-18.
India’s steel exports fall 34 per cent to 6.36 MT in 2018-19
He also said that trade-related issues are a part of ongoing economic relationship discussion between India and the US.
China’s GDP growth slows to a 27-year low as trade war bites
Motor vehicle production actually fell 15.2%, the 11th monthly decline in a row, suggesting automakers don't expect a sustained bounce in demand any time soon.
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BUDGET 2019
- Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1
- Budget 2019: Hike in import duty may dampen the gold rush
- Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
- Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
