- Skill India Mission partners with Facebook to train youth and entrepreneurs with digital skills
- We have embraced AI in a big way, says VP Sales of Huawei India
- Indian Pharma: Think beyond mere price control
- Fight for Essar Steel: Arcelor to pay Uttam, KSS dues
- Insolvency process: Videocon lenders' claims at Rs 59,000 crore
Economy News
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Farm-loan waivers could hurt states in India squeezing developmental spending and boosting inflation
Bloomberg | July 16, 2018 11:36 AMRedemption pressure on states increased from the year ended March 2018, according to the Reserve Bank of India’s Study of State Finances. That implies that their borrowings are expected to soar.
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China economic growth slows to 6.7 per cent in second quarter
PTI | July 16, 2018 8:56 AMChinese growth slowed slightly in the second quarter as the world’s number two economy faced a snowballing trade fight with the United States.
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High raw material costs likely to dampen earnings; here’s why
FE Bureau | July 16, 2018 6:12 AMAlthough corporate earnings for the June quarter will get a boost from a favourable base, more cash in the system and a weaker currency, higher raw material costs, bigger loan-loss provisions for banks and muted demand for materials in a dull economy could keep profit growth subdued.
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How Modi’s Skill India initiative has impacted national skills ecosystem
FE Bureau | July 16, 2018 12:28 AMHow Skill India has impacted the national skills ecosystem.
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Government, private sectors should ensure skilled ecosystem: Dharmendra Pradhan
IANS | July 15, 2018 9:51 PMUnion Skill Development and Entrepreneurship Minister Dharmendra Pradhan on Sunday said that the government and the private sector should work together to ensure a skilled ecosystem.
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Farm loan waivers, not real income growth, driving rural revival: Report
PTI | July 15, 2018 4:10 PMThe green-shoots of demand growth seen in some rural pockets is driven by farm loan waivers and not likely due to real increases in rural incomes and wages, indicative that the economy is still some time away from a full-blown rural revival, says a report.
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LPG subsidy to be replaced? Niti Aayog working on fresh proposal – Check details
PTI | July 15, 2018 2:18 PMGovernment think tank Niti Aayog is working on a proposal to replace LPG subsidy with cooking subsidy in order to extend the benefits to people using piped natural gas and biofuels for cooking purposes, a top official said today.
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Rs 300 crore, but no claimants! Six India-linked Swiss bank accounts lie ‘dormant’ – Know their owners
PTI | July 15, 2018 11:46 AMIt is the third year since Swiss banks made public a list of accounts lying dormant without any trace of owners and no claimant has come forward for those with Indian links, even as a political slugfest continues in India over alleged black money parked there.
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Total global corporate funding in solar sector at $5.3 billion in January-June this year: Report
PTI | July 15, 2018 11:17 AMTotal global corporate funding in the solar sector touched USD 5.3 billion in the first half of this year, up 15 per cent over last year, amid uncertainty in the industry owing to Trump tariffs and the Chinese subsidy pullback, global consulting firm Mercom Capital Group said.
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Government plans to simplify companies law, says Piyush Goyal
PTI | July 14, 2018 10:24 PMFinance Minister Piyush Goyal said today that the Centre is looking at simplify the companies law to provide relief to businesses.
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High government debt needs to be restructured over longer period: West Bengal to Finance Commission
PTI | July 14, 2018 10:04 PMThe legacy issues related to high debt of West Bengal need restructuring in a multi-pronged manner, spread over a longer period, the state government has said in a memorandum to the Finance Commission.
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Government to track down GST defaulters, warns Sushil Modi
IANS | July 14, 2018 10:03 PMUsing data analytics, the government would track down and penalise defaulters of Goods and Services Tax (GST), said Group of Ministers (GoM) on GST Network ChairmanSushil Kumar Modi on Saturday.
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There are jobs! In 2017, job gain was 12.8 million, says PMEAC member Surjit Bhalla
FE Online | July 14, 2018 5:39 PMIf the QES data is extrapolated to the entire non-farm population, job growth in India was 10 million; EPFO based estimates place it at 7 million; our estimate for 2017 (CMIE data) is a job gain of 12.8 million.
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Indian economy to be world’s third largest by 2030 with GDP worth $10 trillion, says Subhash Chandra Garg
PTI | July 14, 2018 4:23 PMThe Indian economy is at a “take off” stage and is expected to be the world’s third largest by 2030 with GDP worth $10 trillion, Economic Affairs Secretary Subhash Chandra Garg said today.
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Trade war sends commodities to biggest drop in 5 Months
Bloomberg | July 14, 2018 4:06 PMThe brewing trade war between China and the U.S. is claiming commodity markets as one of its first victims. The Bloomberg Commodities Index, a measure of 26 raw materials, lost 2.7 percent this week, the most since February.
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How Modi’s growth economics is delivering benefits to rural India, Arun Jaitley explains in 5 points
FE Online | July 14, 2018 1:15 PMWith less than a year left for 2019 Lok Sabha Elections, India has become the sixth-largest economy in the world displacing France to the seventh spot, the growth story of PM Narendra Modi is also reaching to rural parts of India.
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Full ITC available even for supply at concessional rate, says AAR
FE Bureau | July 14, 2018 7:00 AMBusinesses supplying goods at a concessional GST rate are allowed to avail of input tax credit (ITC) on raw materials, the Authority for Advanced Ruling (AAR) in Telangana said.
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Solar tariff falls again to all-time low of Rs 2.44/unit
Vikas Srivastava | July 14, 2018 6:50 AMSolar tariffs once again matched the record-low rate of Rs 2.44/unit in the latest auction for 3,000 MW capacity.
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2+2 talks with US in September, says Nirmala Sitharaman
Huma Siddiqui | July 14, 2018 6:44 AMIndia’s first 2+2 dialogue with the US, which was scheduled for this month but was postponed, would now take place in the first week of September, defence minister Nirmala Sitharaman said on Friday.
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Lack of precise intelligence hits e-way bill system
Sumit Jha | July 14, 2018 6:38 AMThe tax department is finding it difficult to effectively enforce the e-way bill system in the GST regime due to lack of precise intelligence from the centralised system, forcing tax officials to randomly deploy manpower for intercepting vehicles.
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5-year peak: Goods trade deficit hits 5-year high in June
FE Bureau | July 14, 2018 6:03 AMMerchandise trade deficit scaled a 61-month peak of $16.6 billion in June, as a higher net oil import bill offset gains from a contraction in gold and precious stone imports, showed official data released on Friday.
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Crop insurance scheme: Still too early to judge, let it stabilise, says NITI Aayog member Ramesh Chand
Prasanta Sahu | July 14, 2018 5:43 AMThough the rising claims-to-premium ratio under the NDA government’s flagship crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) is raising doubts about its sustainability, policymakers argue that it is too early to make conclusions either way.
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Pilot launched to confirm 10 crore Modicare beneficiary families
IANS | July 13, 2018 8:57 PMThe National Health Agency (NHA) on Friday said it has launched a pilot for the Beneficiary Identification System (BIS) for confirmation of 10.74 crore poor and vulnerable families eligible for health coverage under Ayushman Bharat, or Modicare.
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Allotment of shares to FPIs in IPOs need to be verified with PAN: Sebi
PTI | July 13, 2018 7:58 PMMarkets regulator Sebi today said that allotment of shares to foreign portfolio investors (FPIs) in initial public offers would need to be verified with PANs to check against any breach of investment limit through multiple entities.
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India’s forex reserves dip by $248.20 million to $405.81 billion
PTI | July 13, 2018 7:45 PMThe country’s foreign exchange reserves declined by USD 248.20 million to USD 405.81 billion in the week to July 6, despite a rise in the foreign currency assets, RBI data showed.
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Where Indians go holidaying: These 3 destinations are most-searched this monsoon
PTI | July 13, 2018 8:05 PMTravel searches this monsoon season have increased by 25 per cent over last year, with Dubai, Singapore and Bangkok being the most preferred destinations, a report said.
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Smooth sailing over? India hedge funds become biggest losers this year due to these 2 reasons
Bloomberg | July 13, 2018 6:50 PMHedge funds are having a tough time this year after having enjoyed smooth sailing in 2017. China-focused hedge funds led losses among emerging market in June, while India funds overtook Brazil to become the biggest losers this year
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
