ECONOMY NEWS - Page 195

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Open to improvements in Aadhaar-based privacy framework, says Arun Jaitley

December 23, 2017 20:50 IST

Union Finance Minister Arun Jaitley pointed out that curb on linkages through Aadhaar has led to huge savings for the government. On savings through Aadhaar, he said, "There are estimations and its expanding, it'll continue to expand."

Government to file review petition against Supreme Court order on MRP issue

December 23, 2017 19:34 IST

Consumer Affiars Minister Ram Vilas Paswan approved amendments to the Legal Metrology (Packaged Commodities) Rules, 2011, that will come into effect from January 1, 2018. The amended rules, among others, prohibit dual MRPs on products.

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No question of closing down any public sector bank: Centre & RBI

December 23, 2017 03:46 IST

The government, however, is working on consolidation among the state-owned banks.

"Our soldiers gave good answer to Pakistan. The terrorists had cowardly attacked the people who were sleeping. India will give an appropriate answer at the right time," the minister said.

GST regime: Haryana tops with 45 complaints; Andhra, Rajasthan report 5 each

December 23, 2017 03:33 IST

Being examined by state-level screening committees, says MoS Finance Shiv Pratap Shukla

Centre committed to faster economic growth: MoS for Finance P Radhakrishnan

December 22, 2017 21:09 IST

Speaking at an event, P Radhakrishnan said a very few small investors actually invest after they gain a deep understanding of risks, returns and liquidity aspects.

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Rupee turns weak, opens lower against dollar

December 22, 2017 09:48 IST

The dollar rose against euro, which came under pressure after snap poll results showed that Catalan separatists kept a slim majority in Parliament, an outcome that spells uncertainty for Europe.

Advisory panel to PM discusses jobs, ways to better farm income

December 21, 2017 02:46 IST

In the quarter April to June 2017, the GDP growth fell to 5.7 per cent from 7.9 per cent in the corresponding period last year.

Urjit Patel on PNB fraud case: RBI angry, but hands are tied

Monetary Policy Committee minutes: ‘Inflation higher; several uncertainties persist’

December 21, 2017 02:43 IST

There are several risks to the projected inflation trajectory, says RBI Governor Urjit Patel.

Wealth per adult in India at $7,020, China at $47,810

World Inequality Report 2018: India’s top 1% earners received 22% of national income in 2014

December 21, 2017 02:37 IST

Since the beginning of deregulation policies in the 1980s, the top 0.1 per cent earners have captured more growth than all of those in the bottom 50 per cent combined.

CBDT data: 9,690 paid more than Rs 1 crore tax in 2014-15

December 21, 2017 02:17 IST

In 2013-14, three individuals figured in Rs 100-crore group, paying Rs 547 crore in direct tax. The new data show that no individual paid tax of over Rs 500 crore in 2014-15 as against one (Rs 21,870 crore) the previous year.

Sudesh Kumar had threatened to either kill himself or convert to Islam after his land was allegedly grabbed by a few influential people.

Farm loan waivers to raise state deficits by Rs 1.08 trillion: Report

December 19, 2017 08:46 IST

Uttar Pradesh, Punjab, Maharashtra, Rajasthan and Karnataka have announced farm loan waivers this year after a string of farmer suicides in these states.

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About Rs 5,000 crore spent on printing of new Rs 500 notes

December 19, 2017 07:23 IST

The RBI printed 365.4 cr pieces of `2,000 notes. The cost incurred is about `1,293.6 crore, Minister of State for Finance P Radhakrishnan told Lok Sabha

Rating upgrade, GST, growth trend reversal big highlights of 2017: Finance ministry

December 19, 2017 01:50 IST

Jaitley had recently said the government will exceed disinvestment target of Rs 72,500 crore for the current financial year.

Government seeks House nod for additional spending of Rs 66,113 crore

December 19, 2017 01:43 IST

The additional spending for which Parliament’s approval has now been sought would be panned out across roads & highways, fertiliser subsidy and job guarantee scheme.

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India can grow at 8 per cent for next 20 years: UN expert

December 18, 2017 07:58 IST

"One of this is the growth of private consumption and sound macroeconomic policies. The monetary policy, which has been able to control inflation, also has a role to play."

‘Rising crude prices to hurt economy’

December 18, 2017 03:01 IST

Despite a small base, many segments of the economy haven’t really reported improvements so far. Railway freight (in tonnage) has increased by just 4.7 per cent till October.

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Doubling farm income to make farming sustainable: Arun Jaitley

December 16, 2017 14:22 IST

"We have fairly ambitious plans in India and within our limits of our affordability, we have taken up the challenge of in the first instance trying to improve upon rural infrastructure and at the same time making sure that how do we ensure that their income is enhanced."