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Sunday, January 26, 2020
Forex reserves surge for 17th straight week; rise to record high of $462 billion

Forex reserves surge for 17th straight week; rise to record high of $462 billion

January 26, 2020 4:35:06 am

The rise in forex reserves over the last four months has also come as a breather for the country’s rising external debt, which rose significantly over last couple of years from $485 billion in June 2017 to $557 billion in June 2019.

Tata Sons to challenge reinstatement of Cyrus Mistry, says will take appropriate legal recourse, NCLAT

Tata-Mistry case: SC stays NCLAT’s Jan 6 order rejecting RoC petition

January 25, 2020 5:37:00 am

A bench led by Chief Justice SA Bobde issued notice to the Cyrus Mistry group and also stayed the NCLAT’s January 6 order that rejected the RoC’s application for impleadment and modification.

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Non-telco PSUs move SC seeking clarity on order about payment of AGR dues

January 25, 2020 5:17:45 am

The PSUs have told the SC that they were never heard on the issue before the order was passed and their revenues from their regular businesses were disproportionately higher than the income from the telecom business.

CBDT: Tax raids led to detection of over Rs 1,000-cr undisclosed foreign assets

January 25, 2020 5:23:55 am

Undisclosed foreign assets of over Rs 1,000 crore and domestic evasion of over Rs 35 crore has been allegedly found by the I-T Department during its searches conducted against the Bharat Hotels group, which runs the hotel chain of Lalit Hotels, officials said.

Budget FY21: Govt likely to impose tariff and non-tariff import barriers

Budget FY21: Govt likely to impose tariff and non-tariff import barriers

January 25, 2020 7:26:53 am

The list of items that may see imposition of non-tariff barriers may include silk and garments, mobile charger, printer, electronic broadcasting equipment, toys, electrical lights, handicrafts, vegetables & fruit and copper alloys.

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Ahead of Budget, RBI governor underlines need for more structural reforms to revive growth

January 25, 2020 4:58:20 am

Citing limitations of monetary policy to push growth, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said structural reforms and more fiscal measures are needed to revive growth.

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Growth slowdown in India temporary, momentum likely to improve: IMF chief

January 24, 2020 6:07:32 pm

Speaking at the World Economic Forum (WEF) 2020, she also said the world appears to be a better place in January 2020 and the factors driving this positive momentum include "receding trade tension after the US-China first phase trade deal and synchronised tax cuts, among others." 

FY21 growth rate to rise to 5.5%, but downside risks persist: India Ratings

January 23, 2020 5:06:30 am

India Ratings said the present slowdown is due to abrupt fall in lending by NBFCs close on the heels of a slowdown in bank lending and reduced income growth of households.

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AIF, REITs, InvITs post strong growth amid weak public equity market activity

January 22, 2020 4:50:13 am

Data accessed from the Securities and Exchange Board of India (Sebi) website shows that from an investment of Rs 361 crore by AIFs at the end of March 2013, the cumulative investment by AIFs grew to Rs 1.25 lakh crore by September 2019.

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65.65 lakh returns for Dec filed till Jan 20: GST Network

January 22, 2020 5:07:35 am

“There have been few issues about one-time passwords (OTPs) being received with some time lag on account of delay by the email service provider or local internet issues.

IMF lowers India growth to 4.8%, calls it a drag on world economy too

IMF lowers India growth to 4.8%, calls it a drag on world economy too

January 22, 2020 3:08:03 pm

For the current calendar year 2020, India saw a sharp 1.2 percentage point cut in its growth forecast to 5.8 per cent, the biggest downward revision for any emerging market, which pulled down global growth forecast.

IMF lowers India growth to 4.8%, calls it a drag on world economy too

IMF lowers global growth forecast for 2019, cites ‘sharp slowdown’ in India

January 22, 2020 3:08:31 pm

"Domestic demand has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in credit growth," India-born IMF Chief Economist Gita Gopinath said.

A day after jibe at Amazon, Piyush Goyal says ‘all investments welcome’

A day after jibe at Amazon, Piyush Goyal says ‘all investments welcome’

January 18, 2020 7:41:50 am

Earlier Friday, Amazon founder and CEO Jeff Bezos said in Mumbai that the company was “investing to create a million new jobs here in India over the next five years”.

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Revenue Dept sets GST target for rest of FY20 at `3.55 lakh crore

January 18, 2020 1:14:48 am

To achieve this target, the government will have to clock a monthly average of Rs 1,18,333 in the remaining period of this fiscal, which is 17.2 per cent higher than the monthly average of Rs 1,00,928 crore recorded during April-December, the first nine months of the financial year.

Markets eye improved transparency in Budget: Report

January 16, 2020 12:24:09 pm

The DBS report noted that fiscal deficit in the first eight months of FY20, stood at 15 per cent above target, driven by weak revenues.

GST mop-up tops Rs 1 lakh crore, second month in row

GST fraud: 1,200 untraceable exporters made refund claims worth Rs 350 crore

January 16, 2020 3:17:58 am

Sources said nefarious elements among the customs broker community may be connected with these frauds, involving fictitious entities, existing only in virtual space through identity thefts with fake and morphed documents.

Ex-FinSecy Subhash Chandra Garg pegs FY20 fiscal deficit at 4.5-5% of GDP

January 16, 2020 3:17:56 am

He argued that a large portion of the deficit is being used to finance consumption expenditure, which is typically not a healthy practice.

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Exports drop for fifth straight month in Dec 2019; trade deficit narrows

January 15, 2020 10:07:49 pm

However, the trade deficit narrowed down to $11.25 billion due to the subsequent fall of imports during the same period.

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Vegetable prices push wholesale inflation to 7-month high in December

January 15, 2020 4:33:34 am

Vegetable inflation jumping to an over six-year high and pulses inflation rising to a more than 3-year high were the key reasons driving retail inflation.

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Bond yields spike as CPI inflation jumps

January 15, 2020 4:42:53 am

The 10-year benchmark yield had ended at 6.60 per cent on Monday, compared to the previous close of 6.59 per cent on Friday. When bond yield rises, prices decline.

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