Economy News

Govt, ICAI to train 1 lakh accountants to help boost GST compliance

“Entrance exams will be conducted for the GST accountant course and those who are not professionally qualified as of now to be GST advisers/consultants will be eligible for this programme”, said Amit A Apte, ICAI President.

In December: Imports contract first time since September 2016, exports rise 0.34%

Exports rose only marginally to $27.93 billion in December, against $27.83 billion a year before, as a contraction in outbound shipments of products offset a decent increase in those of petroleum products, chemicals and electronics.

India needs a decisive PM to deliver growth: Arun Jaitley

Even as India is a fastest-growing major economy in the world, the government is not satisfied with 7 to 7.5 per cent growth rate and want to break the 8 per cent barrier, he said in his blog post.

Ahead of general elections, more off-budget deficit financing likely

Disinvestment target to be met, but mostly through buybacks of shares by public sector units

GoM to look into ‘composition scheme’ for realty under GST

Slowdown in the sector was referred to as a reason for subdued GST collections

Retail inflation drops to 18-month low in December

WPI inflation at eight-month low of 3.80% in December

Retail inflation slips to 18-month low in December

Data released by the Ministry of Statistics and Programme Implementation showed that inflation based on wholesale prices fell to an eight-month low of 3.80 per cent in December.

WPI inflation at 8-month low of 3.80 per cent in Dec on softening fuel, food prices

According to the government data released Monday, deflation in food articles stood at 0.07 per cent in December, against 3.31 per cent in November.

10 per cent quota: Pool of jobs in govt, banks shrinking steadily

The latest data compiled by the Department of Personnel and Training (DoPT) on recruitment over the last three years through the main agencies show a declining trend in selection and recruitment, from 1,13,524 cumulatively in FY2015 to 1,00,933 in FY2017.

Q3: Revenue growth pace could be slower, margins under pressure

Aggregate sales will be propped up by better revenues of export-oriented businesses like IT and pharmaceuticals; the rupee weakened a little over 10 per cent y-o-y during the quarter.

GST: Easing compliance burden, mounting revenue concerns

Here’s a look at the timeline of relief measures taken under GST in last one year.

Sushil Modi to head committee on GST revenue shortfall faced by states

Several states including Punjab, Himachal Pradesh, Chattisgarh, Uttarakhand, Jammu and Kashmir, Odisha, Goa, Bihar, Gujarat and Delhi are facing revenue shortfall following the implementation of goods and services tax (GST).