Economy
Retail inflation hits 16-month high in October
CPI inflation hit a 16-month peak of 4.62% in October, as food inflation jumped to 7.89% — the highest since July 2016.
Gujarat announces Rs 700 crore relief for farmers
Gujarat Cabinet on Wednesday announced Rs. 700-crore relief package for more than four lakh farmers who suffered heavy losses due to unseasonal rain in the state.
PM Modi’s mega push for solar power gets big boost; 3 firms bid for projects of 10 GW
Renewable Energy: The solar power equipment manufacturing linked scheme received good response from private power producers.
Indo-US trade meet: Medical devices, GSP among issues to figure
The two sides are negotiating a trade package to promote two-way commerce.
War on black money! India, Switzerland for greater cooperation on information exchange in tax matters
The first transmission of financial account information on automatic basis between the two countries took place in September 2019 for enhanced cooperation in the fight against tax evasion.
Inflation breaches RBI’s target in October; will the surge continue? Here’s what analysts say
Even as the retail inflation crossed the RBI’s comfort level for the first time in over a year, it may continue to remain higher in the remaining fiscal year, an analyst said.
Latest GST Circular: Experts seek more clarity as doubts persist ahead of the deadline to file return
GST experts have sought clarification on the latest GST circular issued by the CBIC on Monday.
Retail inflation at 16-month high; crosses RBI’s comfort level at 4.62% in October
Food inflation can be attributed to the spike in retail prices as Consumer Food Price Inflation (CFPI) skyrocketed 7.89 per cent in October.
Prakash Javadekar takes charge as Union Minister of Heavy Industries and Public Enterprises
Speaking to reporters here, Javadekar said he hoped the additional charge was for a temporary period and there will be a regular arrangement in place thereafter.
PM Narendra Modi hopes BRICS summit will boost economic, cultural links
On the sidelines of the 11th BRICS summit, Modi will meet Brazilian President Jair Bolsonaro to discuss ways to enhance the bilateral strategic partnership.
ClearTax aims for Rs 100 cr business from online GST course
At discounted rate and full enrolment rate, back of the envelope calculation shows that the company will be able to generate business of Rs 100 crore.
Govt’s fiscal stimulus to hardly boost investment in near-term; here’s why RBI steeply cut forecast
The annual forecast for capital formation (GFCF) has been steeply cut from 9.4 per cent to a mere 6 per cent in the first half of the current fiscal year.
BRICS summit: PM Narendra Modi arrives in Brazil
On the sidelines of the 11th BRICS summit, Modi will also meet Brazilian President Jair Bolsonaro to discuss ways to enhance the bilateral strategic partnership.
Indians to hit brakes on shopping in coming months; RBI cuts consumption forecast
The RBI has substantially cut down annual forecast for India’s expenditure on consumption (PFCE) to grow at a mere 5.5 per cent now, dramatically slower than 8.1 per cent projected in March 2019.
Special EXPORT Zones: Build China-like hotspots near sea to boost employment, says Arvind Panagariya
Even as major reforms including GST and IBC have already been announced, the Modi government should now focus on coastal employment zones, former NITI Aayog vice-chairman Arvind Panagariya said.
Onion prices on the boil! But why RBI may still pay no attention to it
Economists pegged the gains in consumer prices at 4.35% in October, according to the median of 33 economists surveyed by Bloomberg. That would be the first above-4% print since July 2018 and the highe
Revamping Swachh Bharat: Renewed focus on better waste management needed in cities
The success of the Swachh Bharat Mission depends not only on changing the mindset, but, also on changing in the way waste is disposed of.
Agri reforms: APMC has outlived its purpose, use e-NAM for price discovery, says FM Sitharaman
Finance minister Nirmala Sitharaman on Tuesday said the APMC law had outlived its utility and states should adopt the e-NAM system to offer farmers a better platform for price discovery.
Heard about S386? How this bill impacts green card quota of Indians, Chinese
S386 or Fairness for High Skilled Immigrants Act is a bill that aims to remove the country-specific quota for green cards.
Government to consider TCS, Infosys proposals to set up SEZ on November 15
Infosys has proposed to set up two SEZs -- one each in Kancheepuram and Pune -- according to the agenda paper of the board meeting.
Indians convinced country headed in right direction despite slowdown, falling GDP, unemployment
A majority of Indians are of the opinion that the country is headed in the right direction despite alarming GDP numbers, prolonged economic slowdown and unemployment.
Economic downturn: India’s July-September quarter GDP numbers crucial, says DBS report
A disappointing GDP report could lift USD/INR above its two-month range between 70.5 and 71.5 and bring it closer to the year's high around 72.5, believes DBS.
RBI cuts India’s annual GDP forecast by whopping 1.1 pct points in six months; lists these key reasons
The downward revision in GDP growth forecast reflected both subdued domestic demand conditions and weak consumer sentiments.
GST taxpayer alert! You need to be careful in filing November GST return after change of rule last month
GST alert! GST returns to be filed this month are the first returns after the change of rule in October. Experts advise taxpayers to be careful while calculating the ITC amount.
BRICS Summit to focus on strengthening ties among world’s 5 major economies, says PM Modi
"I look forward to exchanging views with other BRICS leaders with the aim to further strengthen intra-BRICS cooperation particularly on the theme of the Summit 'Economic growth for an innovative futur
India to cross 200 GW renewable energy capacity mark by 2022: Power Minister RK Singh
"We have decided that by 2022 we will establish 175 GW of renewable energy capacity. We are close to achieving the target," Singh said at BRICS Energy Ministers meet in Brasilia, Brazil on Monday.
SBI hints at more pain ahead for economy; cuts FY20 GDP growth to 5%
India’s GDP growth is expected to fall further in the second quarter after touching a six-year low in the first quarter of FY20, SBI said in a research note on Tuesday.
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