Macro data gives mixed signal: CPI Inflation eases further in March but February IIP growth slows downFE Online | April 12, 2018 6:34 PM
The macro data in the month of April gave mixed signals as the CPI inflation for the month of March eased further to 4.28% from 4.48% in the previous month but the IIP growth slowed.
Row over 15th Finance Commission: Modi says not biased against states, ‘vested’ interests spreading liesPTI | April 12, 2018 5:03 PM
The Centre has suggested to the finance commission to consider incentivising states working on population control, Prime Minister Narendra Modi said today while refuting charges that the Terms of Reference of the 15th Finance Commission were biased against certain states.
PTI | April 12, 2018 4:26 PM
The pick-up in economic growth in India is positive for asset-backed securities (ABS), as it supports the ability of borrowers to earn income and repay their loans, Moody’s Investors Service said today.
Bloomberg | April 12, 2018 3:24 PM
The deal OPEC struck in 2016 to clear a global glut by halting a significant chunk of oil production took almost a year of bargaining and brinkmanship.
FE Online | April 12, 2018 2:10 PM
Former RBI governor Raghuram Rajan has said that the comparison between India and China is unfair because the latter has upper hand in building infrastructure as there the state owns every asset, while in India there are enormous pushbacks.
Bloomberg | April 12, 2018 2:43 PM
The softening in inflation in March may be temporary and due to a decline in food prices, particularly vegetables and pulses.
PTI | April 12, 2018 12:48 PM
India is among the most favoured FDI destinations and the annual FDI inflows to the country is expected to rise to around USD 75 billion over the next five years, says a UBS report.
This $100 billion investor pins hope on Modi’s war on NPAs; sees India as ‘engine of growth’ in 3-5 yearsBloomberg | April 12, 2018 12:03 PM
Oaktree Capital Group LLC, one of the world’s largest distressed debt investors, is eyeing India as a key market as the nation overhauls its bankruptcy rules and banks battle with a historic bad debt clean-up.
Bloomberg | April 12, 2018 11:35 AM
One under-appreciated factor behind Narendra Modi’s success as Indian prime minister has been the tailwind he’s received from low oil prices.
FE Online | April 12, 2018 10:54 AM
In a major policy change, finance and petroleum ministers can now award oil and gas exploration blocks to successful bidders, Cabinet Committee on Economic Affairs (CCEA) announced on Wednesday.
Reuters | April 12, 2018 8:17 AM
China is well prepared and will not hesitate to fight back if the United States escalates its trade spat with Beijing, the commerce ministry said on Thursday, adding Chinese President Xi Jinping’s pledge to cut import tariffs is not a concession.
FE Bureau | April 12, 2018 6:03 AM
The CBDT has proposed changes in the application process for obtaining advance ruling to bring it in line with Base Erosion and Profit Shifting (BEPS) Action 5 objectives
FE Bureau | April 12, 2018 5:59 AM
The Authority for Advance Ruling (AAR) under the GST in Kerala held that merchant trade transactions, in which traded commodities never enter the country’s tax jurisdiction, are not liable to the GST as goods are never imported to India.
PTI | April 11, 2018 11:52 PM
India has jumped 13 places in the last one year to be earn 130th spot in the latest annual Index of Economic Freedom released by a top American think-tank.
Is GST applicable on food, drinks supplied to students by schools? Here is answer from Finance MinistryPTI | April 11, 2018 10:42 PM
The Union Finance Ministry on Wednesday said GST is not applicable on food and drinks supplied by schools directly to the students, while it is 5 per cent without input tax credit for mess and canteens in educational institutions.
Urban India not impressed with Modi’s work, RBI survey shows; will the picture change before 2019 polls?Pragya Srivastava | April 11, 2018 5:02 PM
Urban India’s confidence in the economic situation of the country has dwindled again in March after little improvement in December while it has remained in “pessimistic zone since March 2017”, shows latest RBI survey.
FE Online | April 11, 2018 3:58 PM
In a major boost to the Narendra Modi-led government, a recent UBS report has found that FDI inflows have increased by 34% to an average of $10.2 billion quarterly since the NDA-government assumed power in 2014.
PTI | April 11, 2018 3:16 PM
Farmer associations and industry today shared mixed views in a meeting called by the commerce and industry ministry on issues related to foreign direct investment (FDI) in the tobacco sector.
PTI | April 11, 2018 2:10 PM
Digital transformation in the country is expected to contribute about USD 154 billion to India’s GDP by 2021, tech giant Microsoft today said.
Sushruth Sunder | April 11, 2018 1:50 PM
Pointing to a steep surge in debt accumulation the global debt has swelled to all-time high of $237 trillion in 2017 according to a report by the Institute of International Finance. To put this in perspective, India’s GDP stands at $2.3 trillion.
FE Online | April 11, 2018 1:11 PM
Considering GST Network is a repository of such huge data, the government is mulling over a plan to convert GSTN into a state-run company.
FE Online | April 11, 2018 12:05 PM
Pitching for responsible pricing of oil and gas, Prime Minister Narendra Modi on Wednesday said India needs energy which is which is accessible and affordable to the poor.
Reuters | April 11, 2018 11:50 AM
The International Monetary Fund (IMF) is optimistic on the outlook for global growth but warned darker clouds are looming due to fading fiscal stimulus and rising interest rates, the fund’s Managing Director Christine Lagarde said on Wednesday.
Bloomberg | April 11, 2018 11:20 AM
Singapore ranked the highest in Asia in attracting and fostering talent for the fifth consecutive year, a reflection of city state’s strong education system and its ability to build a diverse workforce.
Good news for senior citizens! Banks can’t deny pensions for lack of Aadhaar; here’s EPFO’s latest directiveFE Online | April 11, 2018 10:19 AM
In a major relief to senior citizens, EPFO (Employees’ Provident Fund Organisation) has asked all the pension-disbursing banks to not turn away pensioners for the want of Aadhaar.
FE Online | April 11, 2018 10:18 AM
In a major boost to Narendra Modi-led government, the Asian Development Bank has estimated that India’s economic growth will rebound to 7.3% in the current fiscal year and grow at 7.6% further in FY20 on the back of structural reforms such as GST and clean banking.
Big boost for Modi government! Economy to grow 7.3 per cent in FY 18-19, says Asian Development BankPTI | April 11, 2018 8:07 AM
India’s economic growth is expected to rebound to 7.3 per cent this fiscal and further to 7.6 per cent in 2019-20 with increased productivity post GST and investment revival due to banking reform, the Asian Development Bank (ADB) said today.
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