India may soon get caught in ‘middle income trap’, join Brazil, South Africa; Modi’s economic advisor warns

Under fire over weak economic scenario, Modi government may be up for more criticism as a member of PM Modi’s Economic Advisory Council (PMEAC) has said that India may be nearing a structural slowdo

Falling NPAs can give a 60-bps booster shot to GDP this fiscal News

GDP data debate: Economists create own benchmarks as doubt on numbers stays

Economists and investors are increasingly showing that they have little or no confidence in India's official economic data – presenting whoever is elected as the next prime minister with an immediat

Economy News

RBI withdraws circular asking banks to declare exposure to IL&FS

The cash-strapped IL&FS group is sitting on a debt of about Rs 94,000 crore. Several group companies have defaulted on the payment of interest payment on loans.

Economy News

India may export 10-11 million tonnes iron ore pallets to China this year, say traders

High grade pallets are in good demand but mining issues and export restrictions have kept India's iron ore out of the high-demand Chinese market in recent years, traders pointed out.

Economy News

11.5 lakh jobs likely to be added in first half of FY20; fresh graduates may focus on these 4 sectors

India may see the addition of 11.5 lakh jobs in the formal sector during the first half of FY20, a report said.

JPSC Recruitment 2019: Fresh jobs for Assistant Professor in medical colleges announced — check details News

NITI Aayog to visit Lithium Triangle nations in South America

According to diplomatic sources “The Niti Ayog delegation’s visit to the Lithium Triangle countries is a follow up visit of the KABIL. Dates are in the process of being worked out.”

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Indians are addicted to cheap coal power and it’s killing them; but why is it so hard for government to ditch?

In India, cheap energy is paramount, and that means coal. Prime Minister Narendra Modi has won plaudits from the United Nations for promoting solar power and signing the landmark Paris climate accord,

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China to begin final anti-dumping review of some steel tubes imports from US, European Union

China, the world's largest steel producer and consumer, imposed 13-14.1 percent tariffs on companies in the U.S. and the EU in 2014.

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Will lose $3.2 billion if ICT tariffs scrapped, China will benefit, India tells US

Even that incentive amount might have dropped further in FY19 when the US first dropped 50 items from the list of items eligible for incentives and later, in March, announced the withdrawal of the pro

Economy News

Brexit customs union would make Britain 3 percent poorer, predict academic forecasters

NIESR's report did not look at the option favoured by Prime Minister Theresa May, which would see a looser EU trading relationship than a customs union.

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Dubious firms in MCA-21: Govt says no impact on GDP numbers

MoSPI said the recent NSSO exercise to bring out a technical report on the services sector was commissioned by it to “understand the data gaps and take remedial steps, while undertaking the new base

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Homebuyers can’t choose between old, new GST rates, CBIC clarifies

Earlier this year, the GST Council had cut the tax rate for regular housing to 5% from 12% and for affordable housing to 1% from 5%. However, the builders can’t claim input tax credit (ITC) anymore

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Donald Trump ‘happy’ to keep tariffs on Chinese goods; Beijing threatens retaliation

U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports, prompting Beijing to threaten retaliation, as the world’s two largest economies prepared to re

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India expects improvement in World Bank’s ‘Doing Business’ ranking this year

India is expecting improvement in its ranking in the World Bank's doing business report this year particularly in indicators such as paying taxes and trading across borders, a top official said Wednes

Economy News

US-China trade war: Donald Trump says China wants to ‘negotiate’ deal

Even as fears around US-China war escalate, Donald Trump said on Wednesday that Beijing is trying to renegotiate the draft trade deal.

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US, China bilateral trade falls in first four months of 2019 amid trade war; key figures

The bilateral trade volume between US and China dropped by 20 per cent in the first four months of this year.

US china trade war latest updates News

Builders to refund GST on cancellation of flats booked in FY19

Builders will have to refund GST paid by home buyers in case he cancels the flat booked in the last fiscal and will be allowed to avail credit adjustment for such refunds, the tax department has said.

Economy News

RBI warns Finance panel of more fiscal slippages by states

In a statement that comes after a jump in devolution of revenues to states, the RBI stressed the "importance of states has increased" with the shift in composition of government finances, the statemen

The remarks were made during a meeting between the members of the 15th Finance Commission and the RBI brass (PTI Photo) News

Modi rule weakened economy, govt misleading people with hollow claims, says Chidambaram

The Modi government is misleading the people with hollow claims, even as economy is treading a weak path, former finance minister P Chidambaram said.

Economy News

India, China officials to discuss trade related issues

Senior officials of India and China will meet here Thursday to discuss trade-related issues, particularly matters concerning the agriculture sector, an official said.

Recently, India has identified and shared with China a list of 380 products (Representational image) News

China’s investment in US drops 83 per cent amid growing mistrust

Direct investments include things like putting up factories, not financial investments like buying stocks.

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June RBI monetary policy may see last rate cut for 2019; report explains why

The upcoming bi-monthly policy in June may see the last rate cut for 2019 by the Reserve Bank of India (RBI), a global report said.

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Seeking to avert higher tariffs, China dispatches top negotiator Liu He to US

The higher tariffs are scheduled to take effect at 12:01 a.m. EDT (0401 GMT) on Friday, a spokesman for the U.S. Trade Representative's office said.

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China envoy hails British speaker’s Brexit style as model for WTO

"I think perhaps we should consider having similar rules to ensure the quality of our discussions," Zhang added.

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Japan’s labour shortage eats away at back-breaking work culture

"We needed to cut unnecessary jobs and focus on core business. We needed to make sure our employees had time to learn new skills and innovate."

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PM Kisan scheme: Over 2.25 crore farmers get Rs 2,000 since April 1

The scheme, estimated to cost Rs 75,000 crore annually, took retrospective effect from December 1, 2018. The Modi government’s plan was to ensure the scheme’s benefit reach as many as eligible fa

Economy News
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