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Thursday, January 23, 2020
Factory output, Factory output growth, factory output growth November, November factory output growth, Indian economy, Business news, Indian Express

Nov factory output sees growth on higher manufacturing, favourable base effect

January 11, 2020 2:45:29 am

Manufacturing sector — which carries a weight of 77.63 per cent in the Index of Industrial Production (IIP) — grew 2.7 per cent in November 2019 as against 2.3 per cent contraction in the preceding month and 0.7 per cent contraction in the corresponding period in 2018, the data showed.

Day after Amazon jibe, Piyush Goyal takes u-turn: 'Lawful investments are welcome'

ComMin looking at ways to revamp SEZ policy

January 11, 2020 2:46:56 am

Discussions were held to understand how to implement the remaining recommendations of an expert committee led by Bharat Forge chairman Baba Kalyani that was formed in 2018 to review the policy.

Industrial production grows 1.8% in November: Government data

January 10, 2020 6:32:55 pm

Index of industrial production (IIP) expanded by 1.8 per cent on-year to 128.4 during the month of November, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed.

Narendra Modi, Narendra Modi on Indian economy, Indian economy slowdown, Indian economy GDP, NITI Aayog, indian express

Economy has strength, capacity to bounce back: PM Modi at NITI meet

January 10, 2020 3:05:58 am

The PM said at the NITI Aayog meeting that the idea of $5 trillion economy is not a sudden development and it is based on a deep understanding of the strengths of the country, as per a statement issued by the Prime Minister’s Office.

finance minister nirmala sitharaman, india economy sitharaman, pm narendra modi india economy, economic slowdown

At pre-Budget meeting with FM, BJP leaders seek incentives for black money disclosure

January 10, 2020 6:56:14 am

FM Nirmala Sitharaman held four rounds of meetings with BJP leaders here, taking feedback for the Budget.

India needs 6.3% labour productivity growth to attain 8% hike in GDP: Ind-Ra

January 9, 2020 4:41:58 pm

Given the growth slowdown, this looks unlikely in the near term, but is not an insurmountable task, according to Ind-Ra.

Retail inflation, retail inflation on food, retail inflation 2020, 2020 retail inflation, Econoy news, Business news, Indian Express

Inflation probably breached RBI’s target in December: Survey

January 9, 2020 2:01:05 pm

Over 60 per cent of respondents expected retail inflation, due for release on Jan. 13, to breach the upper band of the RBI's buffer range of 2 per cent to 6 per cent, with the highest forecast for 7.01 per cent.

India's growth projected to 'decelerate' to 5% in 2019-2020: World Bank

India’s growth projected to ‘decelerate’ to 5% in 2019-2020: World Bank

January 9, 2020 7:17:08 am

The World Bank said India's growth rate was likely to recover to 5.8 per cent in the following financial year.

gdp, gdp estimate, gdp first advance estimates, Ministry of Statistics & Programme Implementation MoSPI, real gdp, GDP at Constant Prices, business news, economy news, indian express business

It’s official: GDP rate seen slumping to 5%

January 8, 2020 4:56:06 am

Manufacturing growth is seen slowing to 2.0 per cent in 2019-20 from 6.9 per cent last year, while construction is expected to post a growth of 3.2 per cent in 2019-20 from 8.7 per cent last year.

gst filing, goods and services tax, finance ministry, last date for gst filing

To check evasion, GST authorities may seek access to taxpayers’ bank accounts

January 8, 2020 3:20:27 am

The government said that it was decided to constitute a committee of central and state officers to examine and implement quick measures in a given time frame to curb fraudulent refund claims, including the inverted tax structure refund claims and evasion in GST.

gdp, gdp estimate, gdp first advance estimates, Ministry of Statistics & Programme Implementation MoSPI, real gdp, GDP at Constant Prices, business news, economy news, indian express business

India’s GDP to grow at 5 per cent in FY20: Government

January 7, 2020 6:40:14 pm

GDP will grow at 5 per cent in the current fiscal year (April 2019-March 2020) as compared to 6.8 per cent in 2018-19.

High oil prices pose threat to improvement in Indian CAD: DBS report

January 7, 2020 12:45:52 pm

Downbeat sentiments saw USD-INR exchange rate test past 72 to a two-month high, while the benchmark equity indices witnessed mayhem on Monday, said a report by Singapore's banking group DBS.

Action against corrupt wrongly being projected as action against industry: PM Modi

January 7, 2020 4:37:32 am

Speaking at the centenary celebrations of Kirloskar Brothers, Modi asked industry to shun pessimism and said his government’s target to achieve a $5-trillion economy was just a phase and the targets are bigger and higher.

Vikram Limaye: ‘If the US-Iran tension spins out of control, the implications are unknown’

January 7, 2020 4:35:24 am

Stating that India can’t be immune as an economy and as a market, he said the only hope is that other countries and the UN would weigh in and won’t let a knee-jerk response take place.

India’s service sector activity growth hits 5-month high in December: PMI

January 6, 2020 12:25:59 pm

The IHS Markit India Services Business Activity Index improved from 52.7 in November to 53.3 in December, highlighting the second-strongest rate of increase in output in over a year, after July.

gst filing, goods and services tax, finance ministry, last date for gst filing

States stare at over Rs 1 lakh cr revenue gap post withdrawal of GST compensation

January 5, 2020 3:40:33 pm

Given the ongoing shortfall in GST collection and uncertainty associated with revenue on account of SGST collection, many states have approached the 15th Finance Commission for possible extension of the GST compensation period by another three years, i.e. up to 2024-25.

India forex reserved, India foreign exchange reserves, india forex value, india forex surge,indian express business news

Forex reserves surge $64 bn in 2019 to $457 bn; rising crude prices a concern

January 5, 2020 2:20:02 am

According to the weekly data released by the Reserve Bank of India, the forex reserves rose by $2.56 billion in the week ended December 27, 2019.

Health Insurance: Irdai’s proposed Arogya Sanjeevani Policy offers life-long cover, no exit age

Health Insurance: Irdai’s proposed Arogya Sanjeevani Policy offers life-long cover, no exit age

January 4, 2020 8:21:33 am

A person can avail of this health insurance policy till death, a provision that will benefit old and ailing persons.

Need to get demand side going ... put money in hands of people: Abhijit Banerjee

Need to get demand side going … put money in hands of people: Abhijit Banerjee to FM

January 4, 2020 10:46:44 am

The nobel laureate was of the view that corporates are already sitting on cash, not investing because of lack of demand and that’s why the government needs to resolve the demand-side issues first.

Fresh concerns for basmati exporters awaiting Iran dues

Fresh concerns for basmati exporters awaiting Iran dues

January 4, 2020 7:27:41 am

Rice exporters alone are said to be stuck with receivables of Rs 800-900 crore against shipments made till June 2019.

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