Economy News

Budget 2020: FM Sitharaman says 60 lakh new taxpayers added in last 2 years

Budget 2020: FM Sitharaman says 60 lakh new taxpayers added in last 2 years

India Budget 2020 speech: The FM said that GST has been the most historic of the structural reforms, adding it has been gradually maturing into a tax that has integrated the country economically. She

Feb 01, 2020, 11:49 AM IST
Nirmala Sitharaman recites Kashmiri poem while presenting Budget 2020

Nirmala Sitharaman recites Kashmiri poem while presenting Budget 2020

The Union Minister, while reciting the poem in the Lok Sabha, stated that the Budget and everything the government does is for this 'pyara vatan' (beloved nation).

Feb 01, 2020, 11:37 AM IST

Budget 2020 highlights

Union Finance Minister Nirmala Sitharaman 's budget 2020 highlights would aim to make India a $5-trillion economy in the next five years. The key highlights of India's budget will determine the

Feb 01, 2020, 10:39 AM IST
Budget 2020: Congress hopes Nirmala Sitharaman will focus on rural India, give income tax rebates

Budget 2020: Congress hopes Nirmala Sitharaman will focus on rural India, give income tax rebates

Congress spokesperson Randeep Singh Surjewala targeted the Narendra Modi government and Nirmala Sitharaman claiming that India has been facing economic problems after Budget 2019 which according to

Feb 01, 2020, 10:26 AM IST
GST collection up 8% year-on-year to Rs 1.10 lakh crore in January, signals recovery

GST collection up 8% year-on-year to Rs 1.10 lakh crore in January, signals recovery

The higher number is good news for the government which is facing serious revenue shortfall. The higher collection in the month of January is, however, on expected lines given the past trends.

Feb 01, 2020, 10:04 AM IST
Budget 2020 live streaming: Watch Union Finance Minister Nirmala Sitharaman's speech here

Budget 2020 live streaming: Watch Union Finance Minister Nirmala Sitharaman's speech here

Finance Minister Nirmala Sitharaman is set to present the Union Budget budget for financial year 2020-21 in the Lok Sabha at 11 am on Saturday. 

Feb 01, 2020, 09:25 AM IST

Budget 2020 live: IPO for LIC will increase transparency, says Piyush Goyal

Finance Minister Nirmala Sitharaman started her Budget 2020 speech in the Lok Sabha at 11 am on Saturday (February 1). 

Feb 01, 2020, 08:54 AM IST
GST collection crosses Rs 1.1 lakh cr in January

GST collection crosses Rs 1.1 lakh cr in January

Domestic GST collection during the month so far is around Rs 86,453 crore while Rs 23,597 crore has been collected through IGST and cess collection.

Feb 01, 2020, 08:32 AM IST
Indian economy experienced abrupt slowdown in 2019, but it's not in a recession: IMF

Indian economy experienced abrupt slowdown in 2019, but it's not in a recession: IMF

Kristalina Georgieva said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact.

Feb 01, 2020, 08:00 AM IST
Union Budget 2020 to be presented in Parliament today; FM may announce cut in tax rate, sops for social sectors

Union Budget 2020 to be presented in Parliament today; FM may announce cut in tax rate, sops for social sectors

Going by the people's expectations, a cut in personal income tax rate slabs, sops for rural and agriculture sectors as well as an aggressive push on infrastructure spending are likely to be part of

Feb 01, 2020, 00:00 AM IST
Pro-business policies needed to make India USD 5 trillion economy: Economic Survey

Pro-business policies needed to make India USD 5 trillion economy: Economic Survey

"India`s aspiration to become a USD 5 trillion economy depends critically on promoting pro-business policies that provide equal opportunities for new entrants," the survey said.

Jan 31, 2020, 22:29 PM IST
Union Budget 2020: Full schedule of Finance Minister Nirmala Sitharaman on Saturday

Union Budget 2020: Full schedule of Finance Minister Nirmala Sitharaman on Saturday

Union Finance Minister Nirmala Sitharaman will present the Union Budget 2020 on Saturday, her second as the country's finance minister. Businesses and trade pundits are waiting with a bated breath,

Jan 31, 2020, 20:53 PM IST
Economic Survey focuses on wealth creation, says PM Modi

Economic Survey focuses on wealth creation, says PM Modi

Economic Survey 2019-20 projected the revival of economic growth to 6-6.5 per cent in the next fiscal beginning April 1 but suggested the government should relax the budget deficit target to boost

Jan 31, 2020, 19:26 PM IST
Global economy: Companies feel impact of coronavirus outbreak in China

Global economy: Companies feel impact of coronavirus outbreak in China

Coronavirus outbreak disrupted supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights.

Jan 31, 2020, 18:13 PM IST
Indian economic slowdown due to lagged effect of reduced investment: CEA Krishnamurthy Subramanian

Indian economic slowdown due to lagged effect of reduced investment: CEA Krishnamurthy Subramanian

Chief Economic Advisor Krishnamurthy Subramanian said, "The virtuous cycle originates from private investment, which affects the economic growth with a lag and thereby consumptions."

Jan 31, 2020, 16:37 PM IST
Economic Survey 2019-20: Key highlights

Economic Survey 2019-20: Key highlights

The Survey examines the content and drivers of entrepreneurial activity at the bottom of the administrative pyramid – over 500 districts in India.

Jan 31, 2020, 14:40 PM IST
Veg thalis affordability improves 29%; non-veg by 18% for common person during 2006-07 to 2019-20, says Economic Survey

Veg thalis affordability improves 29%; non-veg by 18% for common person during 2006-07 to 2019-20, says Economic Survey

In order to know about the amount spent by a common person for a 'thali' across India, the Economic Survey on Friday said affordability of vegetarian 'thalis' improved by 29 per cent while that of

Jan 31, 2020, 14:34 PM IST
Economic Survey projects economic growth at 6% to 6.5% in Financial Year 2020-21

Economic Survey projects economic growth at 6% to 6.5% in Financial Year 2020-21

The Economic Survey 2019-20 emphasised the idea that wealth creation should do no harm, highlighting several ideas on the themes of Sustainable Development and Climate Change. 

Jan 31, 2020, 13:55 PM IST
India has world's third biggest start-up ecosystem, says President Ram Nath Kovind

India has world's third biggest start-up ecosystem, says President Ram Nath Kovind

The President said that start-up India is a flagship initiative of the government that intends to build a strong eco-system for nurturing innovation and startups in the country to drive sustainable

Jan 31, 2020, 13:03 PM IST
Govt is dedicated to turn India into $5 trillion economy: President Ram Nath Kovind

Govt is dedicated to turn India into $5 trillion economy: President Ram Nath Kovind

President Kovind said, "India has made significant improvement in World Bank’s Ease of Doing Business ranking."

Jan 31, 2020, 12:32 PM IST