Journalism of Courage
ECONOMY NEWS - Page 197
First meeting of 15th finance commission: Panel plans to seek inputs from research organisations
December 5, 2017 01:17 IST
The committee’s chairman N K Singh said that this would help in engaging all stakeholders to decide on issues which concern not only the Centre, but states as well.
October GST mop-up since rollout: Collection dips, govt asks top tax officials to meetSubscriber Only
December 5, 2017 01:09 IST
Centre to gauge revenue receipt trends, look at ways to increase compliance.
Rupee declines by three paise against dollarSubscriber Only
December 4, 2017 10:28 IST
Meanwhile, the benchmark Sensex rose 175.53 points, or 0.53 per cent, to 33,008.47 in opening trade.
India’s GDP should have been back at 9 per cent, says Kaushik Basu
December 3, 2017 19:59 IST
The GDP growth in the second quarter of 2017-18 was 6.3 per cent, compared to 5.7 per cent in the April-June period --the lowest growth rate since the Modi government took office.
Forex reserves claw back to $400-billion mark
December 1, 2017 20:05 IST
Expressed in the US dollar terms, foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.
GST made doing business easier for traders: Arun Jaitley
December 1, 2017 21:03 IST
The GST, the minister said, has also reduced the compliance burden on traders as under the new regime a trader is not required to file multiple tax returns.
India’s GDP to double to $5 trillion in next 7 years: Mukesh Ambani
December 1, 2017 16:21 IST
According to Mukesh Ambani, while India remained on the fringe in the first two industrial revolutions, it started catching up in the computer-driven third revolution.
July-Sept GDP data: A tale of two manufacturing growth ratesSubscriber Only
December 1, 2017 07:43 IST
Rebound in Q2 GDP growth was largely driven by manufacturing growth, which grew 7% year-on-year in last quarter.
Fiscal deficit hits 96.1% of budget estimate for full FY18
December 1, 2017 01:30 IST
The government plans to stick to the fiscal consolidation road map, says Arun Jaitley.
India’s economic development good but not spectacular, says Arvind Subramanian
November 30, 2017 19:57 IST
On the GST, Arvind said that Co-operative Federalism is India’s future. However, at the same time, a bright hope for India is competitive Federalism, the states competing with each other, he said.
India has standardised itself for 7-8 pc growth, says Arun Jaitley
November 30, 2017 17:39 IST
"The funding requirement for infrastructure in the country is huge and there is a requirement of a whopping Rs 50 lakh crore investment in the sector over the next five years," the finance minister said.
India poised to become world’s third largest economy: Suresh Prabhu
November 30, 2017 16:29 IST
"In the process we will be very happy to collaborate with our friends from Africa, from other developing countries, to be a part of this process," Prabhu said.
GDP growth in second quarter of financial year 2018 likely to recover significantly: SBI note
November 30, 2017 12:39 IST
After a disappointing Quarter-1 which saw India registering 5.7 per cent GDP growth, the second quarter growth of financial year 2018 is likely to trend higher and might be in at 6.3 per cent to 6.4 per cent band (GVA at 6.1-6.2%) with a downward bias, according to a SBI note
India’s economic development good but not spectacular: CEA Arvind Subramanian
November 30, 2017 01:25 IST
On the goods and services tax (GST), Subramanian said that cooperative federalism is India’s future.
Analysts forecast better second quarter show with a GDP print of 6.4%
November 29, 2017 16:58 IST
Blaming the dismal Q1 slowdown due to poor consumption demand, contraction in manufacturing due to GST disruptions, and declining in mining activity, SBI economists said recent macroeconomic indicators point to an overall recovery.
GST mop-up unlikely to improve in near-term, says Kotak securities report
November 29, 2017 13:39 IST
Both goods and services tax collections and its compliance in the first four months remain well below the target, and the situation is unlikely to improve in the near- term, says a report by Kotak Securities
B N Sharma appointed chief of National Anti-Profiteering Authority under GST
November 29, 2017 01:58 IST
Sharma, a 1985 batch IAS officer of Rajasthan cadre, is at present additional secretary in the department of revenue.
Formalising the economy: Policy reforms have set off a chain reaction, says Arun Jaitley
November 29, 2017 01:40 IST
The finance minister said that digital transactions are fast replacing cash as the predominant instrument for transactions with a series of government initiatives to formalise the economy.
Asian Development Bank to provide $20 billion loan to India over five years
November 28, 2017 01:55 IST
As part of ADB’s Country Partnership Strategy 2018-22, annual sovereign funding will increase from $2 billion to $3 billion while private sector funding would be doubled to $1 billion.
S&P’s India rating flawed, says Surjit Bhalla
November 28, 2017 01:50 IST
Bhalla also argued that the inflation monster is perhaps dead and that the rupee is among the most under-valued currencies now, certainly more under-valued than China’s.
Bank recap to lift GDP growth to 8% next fiscal: Report
November 28, 2017 01:45 IST
Economic activity could pick up in H1 2018, Goldman Sachs said, "as the drag from the idiosyncratic shocks of demonetisation and GST implementation fade".
GST collection: October revenue at Rs 83,346 cr, lowest since July roll-out
December 5, 2017 01:08 IST
Decline mostly because of utilisation of IGST as credit against CGST & SGST.
Need broad-based economic growth, more job opportunities: Raghuram Rajan
November 27, 2017 09:57 IST
Rajan made these comments referring to rising populist nationalism and also agitation by powerful communities, including Patidar community in Gujarat which is feeling discriminated and is seeking reservation in jobs.
S&P welcomes reforms but doesn’t upgrade, cites low income and high Govt debt
November 25, 2017 07:56 IST
The latest development is a contrast to Moody's decision on November 17 to upgrade India's credit rating to "Baa2" from "Baa3" for the first time since 2004.
Moody’s India rating upgraded, all eyes on word from S&P nowSubscriber Only
November 24, 2017 07:08 IST
Moody’s upgraded India’s sovereign ratings to Baa2 from its lowest investment grade Baa3 citing the NDA government’s “wide-ranging program of economic and institutional reforms” among the reasons for the move.
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