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Industry to add $280 billion to GDP from GST in 8-9 years

Industry to add $280 billion to GDP from GST in 8-9 years

Industry is expected to contribute $280 billion to India's GDP in eight to nine years due to a positive fallout of the Goods and Services Tax (GST) as structural changes in the ease of doing business will propel growth, a study said on Wednesday.

 

Lending rate cuts to boost economy, push consumption: Industry

Lending rate cuts to boost economy, push consumption: Industry

With lenders such as SBI, PNB, Union Bank of India and IDBI slashing benchmark lending rate, India Inc on Monday said the move will act as a "booster dose" for the economy and propel consumption as lending may pick up significantly.

 Enhance withdrawal limit to avert disruption in essential supplies: Industry

Enhance withdrawal limit to avert disruption in essential supplies: Industry

The apex body representing the cargo and passenger transport industry has warned that the supply of essential items can get adversely impacted, if the current cash withdrawal limit is not enhanced.

Withdrawal of MFN status may hurt Pakistan industry: Experts

Withdrawal of MFN status may hurt Pakistan industry: Experts

Withdrawal of Most Favoured Nation (MFN) status by India is likely to hurt Pakistani industries as it might stop flow of raw materials at competitive prices, experts say.

GST to boost GDP by 2%, attract foreign investors: Industry

GST to boost GDP by 2%, attract foreign investors: Industry

Buoyed by the passage of the GST Bill in Rajya Sabha, industry leaders Thursday said the roll out of the indirect tax reform will lure more foreign investors to India, improve the country's manufacturing competitiveness and boost economic growth by nearly 2 percent.

India's industrial growth recovers to 1.2% in May; June inflation at 5.77%

India's industrial growth recovers to 1.2% in May; June inflation at 5.77%

The retail inflation based on Consumer Price Index (CPI) rose to 5.77 percent in June as against 5.76 percent in May.

Encouraging any industry surest way of killing it: Raghuram Rajan

Encouraging any industry surest way of killing it: Raghuram Rajan

In a strong disapproval of sector- specific sops, Reserve Bank Governor Raghuram Rajan has said "encouraging" any industry may be the surest way of killing it and policymakers should refrain from dictating the course of a business.

 

Triple dose of good news for India: On monsoon, inflation, industry

Triple dose of good news for India: On monsoon, inflation, industry

Tuesday could well be a day to raise the toast for the Indian economy. Official data forecast rains during the upcoming monsoon season to be above normal, retail inflation has fallen to a six-month low, and factory output is up after three straight months of decline.

RBI should have cut repo rate by 0.5% to boost growth: Industry

Welcoming the RBI's move to slash key interest rate by 0.25 percent, India Inc on Tuesday said it will improve the cost of credit, even as it pointed out that the time was opportune for the apex bank to go for a bolder 0.5 percent cut to augment growth.

MFs' AUM grows 14 pc to Rs 13.53 lakh cr in FY16

MFs' AUM grows 14 pc to Rs 13.53 lakh cr in FY16

 Mutual fund industry's asset base surged 14 per cent last fiscal to Rs 13.53 lakh crore, mainly on account of huge inflows in equity schemes and strong participation from smaller towns.

Most cos see higher CSR spending next fiscal, says survey

Most cos see higher CSR spending next fiscal, says survey

Majority of corporates expect to spend more on social welfare activities in the next financial year as CSR increasingly becomes part of strategic decision making process, says a survey.

Jharkhand govt to act as facilitator for industry function

Jharkhand govt to act as facilitator for industry function

Jharkhand Chief Minister Raghubar Das today said his government will act as a facilitator for smooth functioning of industry in the state as it was committed towards growth and development

Survey shows Indian economy faces downside risks: India Inc

The Economic Survey shows India's economy faces downside risks in the backdrop of a global slowdown and the government needs to take steps to boost rural demand and improve ease of doing business while initiating bold reforms like the GST, industry experts said Friday.

Budget 2016: Govt may cut corporate tax by 1%, say experts

Budget 2016: Govt may cut corporate tax by 1%, say experts

Jaitley in his last Budget had announced phased reduction in corporate taxes over four years to 25 percent from present 30 percent, and also simultaneous withdrawal of exemptions.

Budget 2016-17: Industry seeks clear roadmap for reduction in corporate tax rate

Budget 2016-17: Industry seeks clear roadmap for reduction in corporate tax rate

India Inc on Wednesday pressed for a clear roadmap for reduction in corporate tax rate from 30 percent to 25 percent in the forthcoming Budget.

Industry steps up call for cheaper capital at meet with PM

The top honchos of India Inc, who met with Prime Minister Narendra Modi Tuesday, highlighted the need for lower cost of capital to boost investments, propping up rural demand and more measures for ease of doing business.

Industrial output grows at 4-month high of 3.8% in June

Industrial production expanded at a 4-month high rate of 3.8 percent in June due to improvement in manufacturing activity.

India's industrial growth rises to 3.8% in June

India's industrial output growth gathered pace in June and rose to 3.8 percent mainly due to a pick up in government spending.

Industry pledges $75 bn on Digital India launch: Prasad

Investment commitment of USD 75 billion or Rs 4,72,500 crore was received from industry at the launch of Digital India week, Telecom Minister Ravi Shankar Prasad said Tuesday.

Trusting citizens is essence of reforms: PM Modi

Trusting citizens, including the corporate ones, is the essence of reforms, Prime Minister Narendra Modi Tuesday said, emphasising this is the basis for effecting the transition from 'red tape' to 'red carpet'.