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ECONOMY NEWS - Page 364
Miners with political links shell out record advance taxSubscriber Only
October 11, 2010 02:10 IST
India's top taxpayers include Congress' YS Jagan Mohan Reddy,the late-and-much lamented YSR's son.
India trade deficit seen at all-time highSubscriber Only
September 16, 2010 10:13 IST
India seems to be heading for an all-time high trade gap of $135 billion this fiscal.
GDP flap could put rate hike plan on freezeSubscriber Only
September 2, 2010 00:47 IST
Even as the government said it will not scale down the April-June quarter GDP growth number of 8.8% released on Tuesday,an internal analysis of the data by government agencies has pinned the discrepancy on the incorrect use of inflation numbers. Minus the mistake in the inflation or deflator,while the GDP at factor cost will stay unchanged,the market price based estimate will climb to near 10%. However,the question marks on the scale of the revival in the economy could mean the Reserve Bank of India will not raise key interest rates anytime soon. Finance minister Pranab Mukherjee told reporters the government will stick to the GDP growth forecast range of 8.50-8.75% for 2010-11,despite the data which showed the demand and supply figures for the economy differing by a wide margin. According to Pronab Sen,former chief statistician,the deflator used to arrive at the production based GDP data is about 12.9%,but the alternative estimate of expenditure-based estimate has used a deflator of 21%,patently wrong. If the two had used the same inflation index,the market price based estimate will climb to 10%, he said.
DTC bill proposes exemption limit of Rs 2 LakhSubscriber Only
August 30, 2010 15:29 IST
The Government tabled the much-awaited Direct Taxes Code bill (DTC) in the Lok Sabha.
No development at cost of the poorSubscriber Only
August 27, 2010 00:46 IST
Describing the rejection of environmental clearance for the Vedanta bauxite mining project in the Niyamgiri hills as a victory for tribals of the area,Congress general secretary Rahul Gandhi on Thursday said...
Protectionism could hit global eco recovery’Subscriber Only
April 18, 2010 18:11 IST
Increased protectionist measures by various countries could hamper global economic recovery and drag down future growth,IMF economists have said.
IMF pegs FY11 GDP growth at 8pcSubscriber Only
March 17, 2010 16:58 IST
IMF expects the Indian economy to grow by 8 per cent during 2010-11,though high inflation and rising fiscal deficit would continue to remain areas of concern.
SBI tops list of advance tax payers for FY 10Subscriber Only
March 16, 2010 15:53 IST
SBI tops the list of the highest advance tax-payers.
Post-Budget: PwC takes on indirect taxes,I-TSubscriber Only
February 26, 2010 18:22 IST
There is no change in overall rate structure of Basic Custom Duty. However,there has been a change in duty structure applicable to crude petroleum and refined petroleum products.
Have your say: Union Budget 2010-2011Subscriber Only
February 26, 2010 12:47 IST
Indian Express.com asks its readers to don the finance ministers cap and tell us what they would have done differently.
Foodgrains output dips by 7.51% to 216.85 MTSubscriber Only
February 12, 2010 18:30 IST
India's foodgrain production is estimated to decline by 7.51 per cent to 216.85 million tonnes.
G7 talk on Greece fails to soothe investorsSubscriber Only
February 8, 2010 10:32 IST
The euro and growth-linked currencies fell Monday as investors unwound risky trades.
Govt to review food price situation on TuesdaySubscriber Only
January 9, 2010 15:07 IST
The Committee on Prices is likely to consider various options to curb rising inflation.
WB loans to India seen at $7 bn this yearSubscriber Only
December 2, 2009 16:30 IST
The loans are part of the bank's $14 bn lending for India over three years through 2012.
Inflation challenging economy: GokarnSubscriber Only
November 24, 2009 17:51 IST
The newly-appointed RBI deputy Governor Subir said the economy has returned to normalcy.
Revenue collection to fall short by 15K cr: CBECSubscriber Only
November 16, 2009 18:37 IST
The governments revenue collection from central excise,service tax and customs is likely to fall short by Rs 15,000 crore.
Differences remain at MEF meetingSubscriber Only
September 19, 2009 11:23 IST
MEF meeting on Climate Change concluded in Washington with differences remaining on critical issues.
Fill in the gaps: US on Doha dealSubscriber Only
September 4, 2009 14:58 IST
US believes WTO members must work hard to fill in the remaining gaps to clinch a Doha deal.
SKorea GDP stronger than expectedSubscriber Only
September 2, 2009 12:47 IST
South Korea's economy grew more strongly than expected in the second quarter.
India for ‘rainbow coalition’ at WTOSubscriber Only
August 18, 2009 16:23 IST
India said it is working to a form a rainbow coalition among 153-WTO member countries.
Japan pulls out of recessionSubscriber Only
August 17, 2009 11:39 IST
Japan's economy returned to growth in Q2,ending its longest recession since World War Two.
IIP to stay positive: AhluwaliaSubscriber Only
August 12, 2009 12:59 IST
Positive trend in industrial output is expected to continue,Montek Singh Ahluwalia said.
Average inflation for FY10 at 0.5%: CMIESubscriber Only
August 11, 2009 12:33 IST
The WPI was down in recent 7 weeks,and decline is expected to continue this year,CMIE said.
US recession seen ending in Q3Subscriber Only
August 11, 2009 11:07 IST
The worst US recession since the Great Depression will probably end in the third quarter.
New T-bills to allow more flexibility: Finance SecySubscriber Only
August 11, 2009 10:51 IST
The govt said its plans to raise funds will provide more flexibility for its cash management.
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