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IMF predicts Indian economy to grow at 7.2 per cent in 2020

IMF predicts Indian economy to grow at 7.2 per cent in 2020

The International Monetary Fund (IMF) has taken note of robust strides taken by the Indian economy in recent years and predicts it to grow at 7.2 per cent in 2020.

Jul 23, 2019, 18:55 PM IST
No official estimation of black money: Finance ministry informs Rajya Sabha

No official estimation of black money: Finance ministry informs Rajya Sabha

Responding to the question on official estimation of black money in the country, MoS Finance Anurag Singh Thakur said the government has taken several concrete steps to crack down on black money .

Jul 23, 2019, 15:59 PM IST
Rise in government borrowing can weigh on corporate sector: RBI Dy Governor Viral Acharya

Rise in government borrowing can weigh on corporate sector: RBI Dy Governor Viral Acharya

In a lecture shared by the RBI late on Monday, Acharya said India`s borrowing relative to its output has ranged from 67% to 85% since 2000 and has outpaced many emerging markets including China.

Jul 23, 2019, 10:20 AM IST
Inter-Ministerial panel recommends ban on cryptocurrency, govt to examine draft Bill

Inter-Ministerial panel recommends ban on cryptocurrency, govt to examine draft Bill

The Inter-Ministerial Committee was constituted in November 2017 under the chairmanship of Secy (EA), with Secy (MeiTY), Chairman (SEBI) and deputy Governor, RBI as members, to study the issues

Jul 22, 2019, 18:01 PM IST
Soon, Vande Bharat Express train between New Delhi and Katra; PMO nod awaited

Soon, Vande Bharat Express train between New Delhi and Katra; PMO nod awaited

In good news for pilgrims visiting the holy shrine of Vaishno Devi, the Indian Railways will soon launch Vande Bharat Express train between New Delhi and Katra. Sources have told Zee News that all

Jul 22, 2019, 16:51 PM IST
No tax invoice required for goods taken out of India for exhibitions, clarifies CBIC

No tax invoice required for goods taken out of India for exhibitions, clarifies CBIC

The clarification comes amidst problems faced by exporters due to the the lack of clarity on the procedure to be followed under GST at the time of taking these goods out of India and at the time of

Jul 22, 2019, 16:23 PM IST
50 days of Modi government: How business and economy are shaping

50 days of Modi government: How business and economy are shaping

Let's have a look at the economic achievements and goals of Modi 2.0 after being sworn in for the second time.

Jul 22, 2019, 14:43 PM IST
Govt may float global tenders, invite international players for manufacturing train sets in India: Sources

Govt may float global tenders, invite international players for manufacturing train sets in India: Sources

Railway will lay emphasis on make in India and employment generation for the train sets to be manufactured via global tendering process.

Jul 22, 2019, 14:30 PM IST
RBI's change in stance as good as additional 25 bps rate cut: Shaktikanta Das

RBI's change in stance as good as additional 25 bps rate cut: Shaktikanta Das

While the RBI has cut rates 75 bps since the start of 2019, banks have only eased their key rate by 15-20 bps.

Jul 22, 2019, 10:21 AM IST
RBI Governor meets CEOs of Public Sector Banks, discusses plan of action, challenges in sector

RBI Governor meets CEOs of Public Sector Banks, discusses plan of action, challenges in sector

During the meeting, the RBI Governor acknowledged discernible improvements in the banking sector while underscoring that several challenges still remain to be addressed, particularly with regard to

Jul 19, 2019, 23:26 PM IST
Garib Rath to continue, Railways denies reports of train ending its run

Garib Rath to continue, Railways denies reports of train ending its run

Sources had told Zee Media that Garib Rath trains,  touted to be the poor man's no frills AC train, will be replaced by 3-AC express trains.

Jul 19, 2019, 15:17 PM IST
12 routes under UDAN scheme became functional recently, Durgapur airport latest entrant

12 routes under UDAN scheme became functional recently, Durgapur airport latest entrant

The 12 routes with daily flight operations that commenced are:  Kolkata – Allahabad, Allahabad- Kolkata, Allahabad-Raipur, Raipur-Allahabad , Gwalior- Bangalore, Bangalore-Gwalior, Kolkata-Gwalior,

Jul 19, 2019, 12:21 PM IST
Investments of Rs 5 lakh crore required in Transmission to meet energy needs of a $5 trillion- economy: CII

Investments of Rs 5 lakh crore required in Transmission to meet energy needs of a $5 trillion- economy: CII

The transmission sector has seen a fall in the investments to below 1.8 lakh crore in the last five years but this will need to see a significant jump as 500 GW of renewable energy is added to the

Jul 19, 2019, 11:02 AM IST
No more economical AC travel in trains? Government plans to shut down Garib Rath

No more economical AC travel in trains? Government plans to shut down Garib Rath

Former Railway Minister Lalu Yadav had started the AC three-tier Garib Rath targetting the middle and lower income classes. The first 'Garib Rath' was flagged  off from Bihar's Saharsa to Amritsar in

Jul 18, 2019, 15:48 PM IST
Cabinet approves new Railway line between Dohrighat-Sahjanwa in Uttar Pradesh

Cabinet approves new Railway line between Dohrighat-Sahjanwa in Uttar Pradesh

The Railway line between Dohrighat-Sahjanwa will be 81.17 Km long and will be completed at an estimated cost of Rs  1319.75 crore, an official release said.

Jul 18, 2019, 13:52 PM IST
Cabinet approves construction of 3rd Railway line between Allahabad - Mughalsarai

Cabinet approves construction of 3rd Railway line between Allahabad - Mughalsarai

The 3rd Railway line between Allahabad - Mughalsarai will be 150 km long and will be completed at an estimated cost of Rs 2649.44 crore, an official release said.

Jul 18, 2019, 13:45 PM IST
Bimal Jalan panel suggests fund transfer in tranches over 3-5 years

Bimal Jalan panel suggests fund transfer in tranches over 3-5 years

Since it is not an unanimous report, the final report - to be submitted to the RBI in 10 days - may record dissents to the recommendations made by the panel. The report has already been long delayed.

Jul 17, 2019, 17:19 PM IST
Railways mulling another Vande Bharat Express between Delhi-Katra

Railways mulling another Vande Bharat Express between Delhi-Katra

Vande Bharat Express, which is capable of attaining a speed of 200 kmh, will cut down the travelling time between the two stations by over five hours.

Jul 17, 2019, 11:57 AM IST
Mudra loans amounting to Rs 17,651 crore turned into NPAs since inception of scheme

Mudra loans amounting to Rs 17,651 crore turned into NPAs since inception of scheme

Reasons for NPAs for loans extended under PMMY are, inter-alia, first time borrowers under Shishu category prioritising emergent needs, business failures, inefficiencies in lending practices, poor

Jul 16, 2019, 15:18 PM IST
India's trade deficit narrows by 7.98% to $15.28 billion in June, exports falls by 9.71%

India's trade deficit narrows by 7.98% to $15.28 billion in June, exports falls by 9.71%

India's imports in June 2019 too fell 9.06 percent to USD 40.29 billion in June 2019 as compared to USD 44.30 billion in June 2018, data further showed.

Jul 16, 2019, 11:31 AM IST