PTI | April 18, 2018 7:24 PM
According to the IMF, overall fiscal deficits in emerging markets and middle-income economies fell marginally in 2017 for the first time after four years of steady increase, explained mainly by fiscal adjustment among commodity exporters.
PTI | April 18, 2018 5:51 PM
Even as government and Reserve Bank have asserted that there is no currency shortage, SBI Research today pegged the cash shortfall in the system at a whopping Rs 70,000 crore, which is a third of the monthly withdrawals at ATMs.
PTI | April 18, 2018 4:34 PM
Commerce and Industry Minister Suresh Prabhu today assured exporters of taking up the issue of GST refund with the finance ministry.
PTI | April 18, 2018 4:08 PM
Following normal monsoon forecast, the Reserve Bank of India is expected to go for a 25 basis points rate cut in key rates in its policy review meet in August, says a report.
IANS | April 18, 2018 12:50 PM
News that Reliance Jio has raised 53.5 billion Japanese yen (approximately Rs 3,251 crore) in Samurai loans is proof that as the telecom sector in India evolves, not only is Reliance Jio pushing for changes on how businesses are run, but it is also innovating on the capital structure front.
Bloomberg | April 18, 2018 12:11 PM
India’s economy will be hit hard by a combination of a global tariff war and the U.S. Federal Reserve’s monetary tightening cycle, according to a study by economists at Rabobank International.
FE Online | April 18, 2018 11:21 AM
Men with a lower level of education live shorter lives, on average than their better educated fellow citizens, the international monetary fund has said.
Sushruth Sunder | April 18, 2018 10:25 AM
The latest reports of World Bank, IMF and Asian Development Bank have a common observation of structural reforms implemented by the Narendra Modi-led government. We take a closer look.
PTI | April 18, 2018 10:08 AM
With 20 projects of 1,500 MW capacity in pipeline, Rajasthan is targeting to increase its solar power generation to 3,780 MW by April next year in order to achieve the goal of 7,000 MW clean energy capacity in the next four years.
IANS | April 18, 2018 7:52 AM
Though recent actions by the US and China could be seen as heralding a trade war, nations still have the opportunity to resolve their differences through multilateral discussions, the International Monetary Fund’s chief economist said here on Tuesday.
FE Bureau | April 18, 2018 2:41 AM
There is no dearth of money supply but a disparity in circulation in certain areas that have caused the current problem, the government suggests.
FE Bureau | April 18, 2018 2:29 AM
The group of ministers (GoM) on Tuesday met about 40 industry representatives and 15 tax tax experts to discuss simplification of the return filing process.
Anupam Chatterjee | April 18, 2018 2:18 AM
GUVNL had informed the potential bidders in advance that additional costs (assorted duties and cesses) were not liable to be passed through — a reason, experts claim, why bidders were extra-cautious and refrained from the aggression observed in previous solar auctions.
FE Bureau | April 18, 2018 2:16 AM
As for India, the IMF’s report, released in the wake of a $2-billion fraud at Punjab National Bank, calls for a broader package of financial reforms, along with recapitalisation, to improve the governance of public sector banks and strengthen banks’ debt recovery mechanisms.
FE Bureau | April 18, 2018 1:33 AM
The report makes a strong case for the government to engage with developers and address the issues around the input credits and other complexities that have risen around the computation of different categories, including land cost and construction materials, after the implementation of the new tax regime.
FE Bureau | April 18, 2018 12:23 AM
The situation is not so good in villages and small towns in the state. According to the commission agents, urban areas’ farmers are accepting payment partly by cheques but in villages, nobody is ready to accept cheques.
PTI | April 17, 2018 9:58 PM
E-way bill for intra-state movement of goods would be rolled out for six states, including Bihar, Haryana and Madhya Pradesh, from April 20.
PTI | April 17, 2018 8:26 PM
The ongoing cash crunch in Gujarat worsened today with several ATMs and banks running dry, especially in villages and the tribal belts, even though the Centre played down the issue terming it as only “temporary shortages”.
FE Online | April 17, 2018 7:44 PM
After the reports of cash crunch in the country created panic, the Reserve Bank of India (RBI) moved into damage control mode and clarified that there is no cash shortage in the country.
India to beat China again: To re-emerge fastest growing economy; IMF predicts 7.4% GDP growth this yearFE Online | April 17, 2018 7:08 PM
International Monetary Fund (IMF) on Monday predicted India’s GDP growth at 7.4 in the year 2018 and 7.8% in 2019.
PTI | April 17, 2018 6:01 PM
The finance ministry today said traders who have opted for composition scheme need not file certain details in return form since the reverse charge mechanism is not yet functional.
PTI | April 17, 2018 5:36 PM
India recorded the biggest rise of 73 per cent in investment proposals into France among emerging economies in 2017, according to a report.
Progressive closing of US economy to damage global trade growth, says International Chamber of CommercePTI | April 17, 2018 5:00 PM
Expressing concerns over increasing trade tensions, International Chamber of Commerce (ICC) today said closing of the US economy would damage both American and global trade growth prospects.
FE Online | April 17, 2018 3:29 PM
As a series of bank scams and a mountain of bad loans grip the nation, a Parliamentary panel has taken not of the banking crisis and summoned Reserve Bank of India governor Urjit Patel to answer their queries on the issues.
There was no cash shortage, is no cash shortage and will be no cash shortage: Government allays fearsFE Online | April 17, 2018 3:27 PM
There was no cash shortage, there is no cash shortage, and there will be no cash shortage, contended the Narendra Modi government after reports that ATMs are going dry and people are not being to withdraw cash in some states.
FE Online | April 17, 2018 3:30 PM
A robust at 16.2% growth for India in services export in the first half of the year 2017 has made India outpace not just China but rest of the world, data compiled by the Economic Survey 2018 showed.
Sushruth Sunder | April 17, 2018 1:23 PM
Rushing in to assuage fears after reports of cash crunch in various states including poll-bound Karnataka and Maharashtra, finance minister Arun Jaitley as well as SBI Chairman Rajnish Kumar said that there is more than adequate currency in circulation and also within the banks.
- Budget passed in Lok Sabha without discussion; Finance bill, Appropriation bill passed by voice vote
- Assam Budget proposes new schemes for women, education sector
- Assam Finance Minister to present first e-Budget tomorrow
- No fresh tax in Rs 41,440 cr Himachal budget for 2018-19
- Andhra Pradesh Budget 2018: YSR Congress to boycott session starting tomorrow
- Budget 2018: Opposition set to corner government in Parliament on financial scams
- Budget 2018: UPA’s and NDA’s starkly differing priorities
- Why universities need better budgetary support
- Budget 2018: Madhya Pradesh Assembly’s financial session to begin tomorrow