Economy

1.5 lakh benefitted from Ayushman Bharat scheme within 1st month of launch, says J P Nadda

Union Minister for Health and Family Welfare J P Nadda Tuesday said that about 1.5 lakh people have benefitted from the ambitious Ayushman Bharat healthcare scheme within the first month of its launch

Whopping 9.94 crore additional jobs needed in India; these 10 states alone need 7.81 crore jobs; check list

India, which presently has a rich demographic dividend, will need 9.94 crore additional jobs over the decade, a report by global strategy consulting firm PwC has said.

How to script Digital India success; here’s what we can learn from South Korea

The next mission now is to build a digital payments ecosystem in the country, which reduces corruption and logistics cost for cash handling, and increases convenience and tax compliance.

RBI governor Urjit Patel meets FinMin Arun Jaitley as rift widens

India’s finance minister and central bank governor faced each other at a scheduled meeting on Tuesday as tension mounted over the Reserve Bank of India’s push for more independence.

Coal India shares up for sale for this much; Modi government to divest up to 9% stake

In the first quarter of the year, the government divested 0.225% stake by way of placement of shares in ‘Bharat 22-ETF’, after which, the government held 78.32% equity in the company.

RBI-government spat shows central bank’s independence, says Morgan Stanley

American brokerage Morgan Stanley Tuesday said the Reserve Bank is more independent than it was in the past and the debate triggered by deputy governor Viral Acharya last week illustrates the progress

Centre, states apportion Rs 32,000 crore IGST in October

The apportionment would add to the goods and services tax (GST) revenue of both the centre and states for October. The total revenue collection figures for the month would be released on November 1.

Government to promote education sector to increase services’ share in GDP, says Suresh Prabhu

The government will work on promoting the growth of the education sector to help increase the share of overall service sector in the country's economy, Commerce and Industry Minister Suresh Prabhu sai

Arun Jaitley says RBI looked the ‘other way’ when banks lent carelessly in UPA-era

The conflict between the Modi government and the central bank reached a boiling point when deputy governor Viral Acharya, in a strongly-worded speech, recently said that undermining a central bank's

US-China trade war: Donald Trump expects ‘great deal’ with China but warns of imposing new tariffs if agreement not reached

The US levied tariffs of 10 per cent on USD 200 billion of Chinese products in September, with the rate set to increase to 25 per cent by the end of the year barring a breakthrough in the trade talks.

US-China trade war: Washington limits technology exports to Chinese firm on security grounds

Beijing has spent heavily to build up Jinhua and other chip makers as part of efforts to transform China into a global leader in robotics, artificial intelligence and other technology industries.

India shines bright again! Tops as Asia’s most investment savvy economy, shows StanChart study

Saving for their children's education, which is also the top savings priority across the markets, was the number one financial goal for India's emerging affluents, the study showed.

India to double tax base during 2014-19, says Arun Jaitley; this many people will file income tax this FY

Key reforms such as the Insolvency and Bankruptcy Code (IBC) and demonetisation have brought about moral quotient, which was badly needed in India, Arun Jaitley added.

Rupee rescue: India and Japan sign record $75-billion currency swap deal

India and Japan on Monday signed a pact to raise the scope of a bilateral currency swap arrangement to a record $75 billion, aimed at bringing in greater stability in the foreign exchange and capital

India may face power issues; Domestic coal supply significantly short of demand, says Icra

Lower generation of hydropower in the current fiscal is also increasing the coal demand, it said in its report.

Centre vs Central Bank: Govt can’t second-guess RBI, time to work together

Can’t question RBI call on PCA or say regulators aren't accountable – if govt has misgivings, have a debate with technical experts.

PM Narendra Modi inks $75 billion currency swap agreement with Japan to stabilise forex, capital markets

The currency swap agreement, which was signed during the visit of Narendra Modi to Japan, will further strengthen and widen the depth and diversity of economic cooperation between the two countries.

Data is new oil, and RBI says store it in India: Here’s all you need to know about data localisation norms

The deadline for the mandate for gathering, processing, analyzing, storing, etc, personal information, declared by the Reserve Bank of India for all the FinTech companies, has passed.

Modi, RBI public brawl: Why the timing couldn’t be more awful for markets

Modi’s government, the biggest shareholder in 70 percent of the country’s banking system, hasn’t done enough to restore calm.

Damage control is all the UK budget can do

Pity Philip Hammond, the U.K.’s chancellor. He’ll be proposing a budget today amid political chaos, faltering public services, simmering anger, and, in the background, the specter of Brexit.

Chicken, egg lovers, you may not have noticed, prices have surged dramatically in October; check rates here

Chicken and egg lovers, you may not have noticed but poultry prices have surged dramatically in the month of October, data showed.

Your electricity bill may rise if you live in these states; Adani, Tata Power get SC relief

The three-member higher-power panel, formed by the Gujarat government, had recommended passing the burden of high fuel price to consumers, extention of the PPA and haircut to lenders to revive the s

Big relief for Tata Power, Adani: SC allows re-negotiation of power tariffs in Gujarat’s Mundra project

In a big relief to Adani Group and Tata Power, the Supreme Court on Monday allowed state discoms and power producers move CPEC to amend PPA.

India’s solution to limit rupee fall vs US dollar; trade with China may come to rescue

India is considering allowing some imports from China to be settled in yuan, people familiar with the proposal said, as the South Asian nation moves to limit its currency’s loss against the dollar.

RBI deputy governor Viral Acharya calls for independence, as central bank under pressure to ease credit to small firms

Even as the ongoing tug of war between the RBI and government escalates, with Deputy Governor Viral Acharya recently calling for independence of the central bank, pressure on RBI to ease credit to sma

Bank of Japan seen standing pat amid growing focus on 10-year yield range

All 46 analysts surveyed by Bloomberg expect no change in monetary policy at the end of a two-day meeting on October 31.

China 2025 plan remains a stumbling block as Donald Trump-Xi Jinping meeting looms

China’s state-sponsored push to dominate technologies of the future is one of the biggest stumbling blocks to prospects for resolution to the U.S. trade war.

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