Economy News

FM Sitharaman holds 3rd pre-Budget consultation with Industry, services and trade groups

FM Sitharaman holds 3rd pre-Budget consultation with Industry, services and trade groups

Union Finance Minister Nirmala Sitharaman on Tuesday (December 17) held the third pre-budget consultations with stakeholder groups from Industry, Trade and Services Sectors in connection with the

Dec 17, 2019, 13:53 PM IST
India ranks 63rd in World Bank’s Ease of Doing Business Report 2020

India ranks 63rd in World Bank’s Ease of Doing Business Report 2020

 India’s remarkable jump has also been witnessed on the Global Innovation Index. In the past 4 years, India’s rank in the GII has improved from the 81st rank in 2015 to the present 52nd rank in GII

Dec 17, 2019, 11:09 AM IST
Ahead of crucial meeting, Centre releases Rs 35,000 crore GST payment to states

Ahead of crucial meeting, Centre releases Rs 35,000 crore GST payment to states

The Centre on Monday (December 16) released pending GST collection of about Rs 35,000 crore to states and Union Territories. 

Dec 16, 2019, 20:19 PM IST
WPI inflation rises to 0.58% in November against 4.47% year-on-year

WPI inflation rises to 0.58% in November against 4.47% year-on-year

India`s annual rate of inflation based on wholesale prices jumped to 0.58 per cent in November from 0.16 per cent in October.

Dec 16, 2019, 13:49 PM IST
FM Nirmala Sitharaman commences her first pre-budget consultations

FM Nirmala Sitharaman commences her first pre-budget consultations

The Finance Minister will seek inputs from various stakeholders including industry bodies, farmer organisations and economists in connection with the forthcoming Union Budget 2020-21. 

Dec 16, 2019, 12:05 PM IST
FDI inflows of $35 billion seen in H1 2019-20, says CEA Krishnamurty Subramaniam

FDI inflows of $35 billion seen in H1 2019-20, says CEA Krishnamurty Subramaniam

"I will be speaking on two things. One on the recent Parliamentary measures, and the progress on the measures introduced in the past. So that we have a template before the Budget session," the FM

Dec 13, 2019, 16:21 PM IST
Nirmala Sitharaman among world's 100 most powerful women: Forbes

Nirmala Sitharaman among world's 100 most powerful women: Forbes

Union Finance Minister Nirmala Sitharaman has been ranked as the 34th most powerful woman in the world on Forbes's 'The World's 100 Most Powerful Women' list, leaving behind Queen Elizabeth II who is

Dec 13, 2019, 12:18 PM IST
October industrial output contracts 3.8%

October industrial output contracts 3.8%

Index of Industrial Production (IIP) or factory output for the month of October has contracted by 3.4 percent as compared to a growth of 8.4 percent in the same month last year, according to the

Dec 12, 2019, 18:45 PM IST
India's retail inflation accelerates to 5.54% in November from 4.62% in Oct

India's retail inflation accelerates to 5.54% in November from 4.62% in Oct

Vegetable inflation for November stood at 36 percent against 26 percent in October. Pulses and products recorded inflation of 13.94 percent in November against 11.72 percent in October.

Dec 12, 2019, 18:11 PM IST
Nirmala Sitharaman invites suggestions on easing GST filing process

Nirmala Sitharaman invites suggestions on easing GST filing process

The Central GST and State GST authorities have organised a nationwide GST stakeholder feedback on new GST return for getting an on-the-spot response to the new GST returns to be introduced from April

Dec 07, 2019, 10:56 AM IST
UDAN 4.0: Bids invited for 30 Airports/Airstrips, one Water Aerodrome in North-Eastern region

UDAN 4.0: Bids invited for 30 Airports/Airstrips, one Water Aerodrome in North-Eastern region

The Ministry of Civil Aviation will bear 90% of VGF (Viability Gap Funding) and the remaining 10% by North East state governments.

Dec 06, 2019, 23:07 PM IST
IRCTC starts 'Khushiyon Ki Delivery'; order burgers, pizzas, biryani in train now

IRCTC starts 'Khushiyon Ki Delivery'; order burgers, pizzas, biryani in train now

The IRCTC wants to make 'Khushiyon Ki Delivery' more successful as it saw tremendous growth in the e-catering business in the last one year. As of now, the IRCTC is receiving around 21,000 food

Dec 06, 2019, 15:37 PM IST
Piyush Goyal to participate in 2-day 'Chintan Shivir' on Indian Railways

Piyush Goyal to participate in 2-day 'Chintan Shivir' on Indian Railways

The DRM and GM of all the railway zones along with top officials from RPF and RDSO will also be present in the camp.

Dec 05, 2019, 23:30 PM IST
Reserve Bank of India slashes GDP growth projection from 6.1% to 5% for 2019-20

Reserve Bank of India slashes GDP growth projection from 6.1% to 5% for 2019-20

Contrary to expectations, the Reserve Bank of India on Thursday decided to keep the repo rate unchanged following a meeting of its Monetary Policy Committee (MPC).

Dec 05, 2019, 08:27 AM IST
ASSOCHAM president expects RBI to cut interest rate by 25 bps

ASSOCHAM president expects RBI to cut interest rate by 25 bps

"The rate cut relief by RBI is not passed on to consumers by either private or public sector banks. This is the biggest problem or the challenge that needs to be addressed," Goenka said. 

Dec 05, 2019, 00:00 AM IST
Bharat Bond ETF will help India become financially more vibrant economy: FM Nirmala Sitharaman

Bharat Bond ETF will help India become financially more vibrant economy: FM Nirmala Sitharaman

Sitharaman said that this will help India become a lot more financially vibrant economy. Bharat Bond ETF will have a fixed maturity period like close-ended mutual funds and the units will be listed

Dec 04, 2019, 18:34 PM IST
US may slap 100% tariffs on French Champagne, cheese, handbags over digital tax

US may slap 100% tariffs on French Champagne, cheese, handbags over digital tax

US Trade Representative Robert Lighthizer said the government was exploring whether to open similar investigations into the digital services taxes of Austria, Italy, and Turkey.

Dec 03, 2019, 23:22 PM IST
Middle class may gain from lower tax rates in Budget FY-21

Middle class may gain from lower tax rates in Budget FY-21

According to sources, Budget 2020-21 will take the sops announced in the pre-election interim budget further by changing the personal income tax rates for the salaried in lower and middle-income

Dec 03, 2019, 21:02 PM IST
Stocks see red on negative global cues, metal stocks suffer the most

Stocks see red on negative global cues, metal stocks suffer the most

At 10:15 am, the BSE S&P Sensex was down by 71 points to 40,731 while the Nifty 50 edged lower by 35 points at 12,014. Except for Nifty auto and FMCG, all sectoral indices at the National Stock

Dec 03, 2019, 12:08 PM IST
Indian Railways registers worst operating ratio in 10 years

Indian Railways registers worst operating ratio in 10 years

An operating ratio of 98.44 per cent means the Railways spent Rs 98.44 to earn Rs 100. 

Dec 02, 2019, 23:53 PM IST