Economy

GDP growth row: How use of deflators took sheen off UPA era data

The variation in gross domestic product (GDP) data for the UPA era under the old and new series, released last week, is much less pronounced in nominal than in real term.

SC relief for Gujarat power plants: CERC may consider PPA revision only after all five states seek it

A senior official from the Rajasthan energy department said that the state “has not made any call as Rajasthan goes to poll on December 7.”

Crisil cuts India growth forecast to 7.4% on weakening global growth

It said the long-term average growth rate seen in the last 13 years, as per the recently released GDP back series data is 6.9 per cent.

Modi’s big Ease of Doing Business push: These changes in customs duty on cards to help importers, exporters

On November 19, Narendra Modi, while addressing India Inc, said that key reforms that are needed to push India into top 50 of the Ease of Doing Business ranking should be aimed for completion by Decem

Modi govt kickstarts process of making Budget 2019, the last one before crucial Lok Sabha elections

Budget 2019: This budget, which will be an interim one, is crucial for the government as it offers one last opportunity to announce some popular measures ahead of the elections, where Prime Minister

GST cheer for small e-commerce sellers; no TCS on suppliers if revenue below this limit

Foreign e-commerce operator, which does not have a physical presence in a particular state / UT, were asked to appoint an agent on his behalf for the purpose of TCS registration.

Revenue secretary Ajay Bhushan Pandey says excise duty hike on crude needs ‘analysis’

Last week media reports said every Re 1 cut in the excise duty results in a Rs 14,000 crore hit on the government coffers and that given the falling crude prices it revert to the duty structure to pre

Demonetisation fail! No proof that it curbed misuse of cash during polls; here’s what former CEC said

'After demonetisation, it was thought that misuse of money during elections will be brought down. But it couldn't be proved on basis of the data of the seizures.'

Arun Jaitley calls for dismantling trade barriers; says, open borders an imperative

Union Finance Minister Arun Jaitley Monday called for open borders, saying trading across national boundaries is an "economic imperative of our times" and that barriers to free trade should be dismant

Here’s what this Australian university plans to double Indian farmers’ incomes by 2022

An Australian university is planning to invest AUD 5 million as a part of a collaboration with agricultural universities across India, to leverage research and innovations that may help Indian farmers

China agrees to ‘reduce and remove’ tariffs on US cars, says Donald Trump

China has agreed to scale back tariffs on imported US cars, President Donald Trump said Sunday, one day after agreeing with Xi Jinping to a ceasefire in the trade war between the world's top two econo

RBI may hold repo rate yet again; govt’s fiscal math, liquidity to remain in focus

Inflation readings over the past few months have been undershooting RBI’s estimates by over 50 basis points. What will the RBI do in the December MPC meeting?

Economic activity picking up! November PMI shows manufacturing hits 11-month high

November Services PMI: This is the 16th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denot

RBI may cut inflation outlook yet again

As the monetary policy committee (MPC) of the Reserve Bank of India braces for its next meet on Wednesday, it might review its forecast of inflation, the most important input for monetary policy-makin

China rejects India proposal for trade in local currencies

China has not accepted India's proposal to carry out bilateral trade in local currencies which was aimed at bridging the ballooning trade deficit with the neighbouring country, an official said.

War on black money: Swiss government agrees to share details of 2 Indian firms

As Switzerland continues to shed its image as a safe haven for alleged black money, the Alpine nation has agreed to share with Indian authorities the details about two companies and three individuals

WhatsApp chief writes to RBI, seeks nod to expand payment services to all users

WhatsApp Chief has written to the Reserve Bank of India (RBI), seeking a formal nod to expand payments services to all its 200 million users in India

RBI rate decision, macro data, global cues to set stock market trend

The RBI's interest rate decision, macroeconomic data, global cues and movement of the rupee will set the stock market trend this week, say experts.

A strong balance sheet essential for independence, credibility of RBI, says Fitch Ratings

Pitching for a strong balance sheet for the Reserve Bank, Fitch Ratings said it was essential to ensure independence and credibility of the central bank.

Charge of jobless growth during NDA regime ‘spurious’, says Niti Aayog Vice-Chairman Rajiv Kumar

Terming the criticism of jobless growth during the NDA government as "spurious", Niti Aayog Vice-Chairman Rajiv Kumar has said that 70 lakh jobs were created in the financial year 2017-18 alone.

China says no to India’s proposal for bilateral trade in domestic currencies

China has not accepted India's proposal to carry out bilateral trade in local currencies which was aimed at bridging the ballooning trade deficit with the neighbouring country, an official said.

Trade war: Donald Trump, Xi Jinping agree to halt new tariffs in bid to contain tension

US President Donald Trump and Chinese President Xi Jinping agreed to keep their trade war from escalating with a promise to temporarily halt the imposition of new tariffs as the world’s two largest

G20 Summit 2018: Leaders give nod to Donald Trump in watered-down communique

The statement issued at the end of the two-day meeting in Buenos Aires, Argentina, omitted for the first time a reference to the risk of protectionism.

US President Donald Trump, China’s Xi Jinping trade war dinner went ‘very well’, says White House advisor

A dinner meeting Saturday between US President Donald Trump and his Chinese counterpart Xi Jinping to discuss their growing trade war went "very well".

Trouble for Modi govt: GST shortfall continues, only Rs 97, 637 crore collected in November

The Goods and Services (GST) collections for October (collected in November) dropped to Rs 97,637 crore from Rs 1 lakh crore collected in the previous month.

Jammu and Kashmir Governor Satya Pal Malik launches AB-PMJAY scheme

Jammu and Kashmir Governor Satya Pal Malik Saturday launched the ambitious "Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)" scheme which would benefit over 31 lakh residents in the state.

G20 Summit: Possible ‘breakthrough’ seen after all-night talks

All-night talks at the Group of 20 summit have resulted in a possible "breakthrough" on fixing the global trading system, European diplomats said.

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