Economy News

Demonetisation targeted black money, fake notes in country, says government

Demonetisation targeted black money, fake notes in country, says government

The MoS for Finance said that NIC had grown at an average growth rate of 14.51 per cent year-on-year from October 2014 till October 2016.

Dec 02, 2019, 23:08 PM IST
Indian Railways unable to meet operational cost of passenger services, other coaching services: CAG

Indian Railways unable to meet operational cost of passenger services, other coaching services: CAG

Comptroller and Auditor General of India tables report on Indian Railways Financial Health and Performance in Parliament on Monday (December 2).  

Dec 02, 2019, 15:36 PM IST
GST collection breaches Rs 1 lakh crore mark in November: Finance Ministry

GST collection breaches Rs 1 lakh crore mark in November: Finance Ministry

The Finance Ministry said in a statement that of gross Rs 1,03,492 crore in November, CGST is Rs 19,592 crore, SGST is Rs 27,144 crore, IGST is Rs 49,028 crore (including Rs 20,948 crore collected on

Dec 01, 2019, 15:19 PM IST
GDP slumps to 4.5% in Q2 FY20; things will improve in second half of current fiscal, says FICCI

GDP slumps to 4.5% in Q2 FY20; things will improve in second half of current fiscal, says FICCI

India's economic growth has slowed to 4.5 per cent in the July to September quarter from 7.1 per cent in the corresponding period of last year, said the government data on Friday (November 29). The

Nov 29, 2019, 22:19 PM IST
 Core sector data: Output of 8 core industries falls 5.8% in October

Core sector data: Output of 8 core industries falls 5.8% in October

The output of eight core sectors of the Indian industry – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity – declined by 5.8% in October, according to data

Nov 29, 2019, 17:52 PM IST
India's July-September quarter GDP growth rate at 4.5%; lowest in 6 years

India's July-September quarter GDP growth rate at 4.5%; lowest in 6 years

According to the data released by the government, India's GDP grew at a measly 4.5 per cent in the July-September quarter of this fiscal. 

Nov 29, 2019, 17:50 PM IST
BIS hallmarking for gold jewellery mandatory from January 15, 2021: Govt

BIS hallmarking for gold jewellery mandatory from January 15, 2021: Govt

A notification in this regard would be issued by the government on January 15 2020 making it mandatory for the jewellers to mark gold.

Nov 29, 2019, 17:10 PM IST
Gold set for worst month in three years on US-China trade deal hopes

Gold set for worst month in three years on US-China trade deal hopes

Gold prices were little changed on Friday, but remained on track for their worst month in three years as hopes for a preliminary U.S.-China trade deal buoyed demand for riskier assets and the dollar.

Nov 29, 2019, 11:20 AM IST
20 employees of private firm, which supplies services to Tejas Express, sacked without notice

20 employees of private firm, which supplies services to Tejas Express, sacked without notice

The sacked employees of Tejas Express, which is operated by IRCTC, have tweeted Railways Minister Piyush Goyal seeking help. 

Nov 28, 2019, 11:01 AM IST
Economic growth may be slow but there is no recession: FM Nirmala Sitharaman

Economic growth may be slow but there is no recession: FM Nirmala Sitharaman

Sitharaman was replying to the country's economic situation in the Rajya Sabha.

Nov 27, 2019, 18:41 PM IST
India Ratings cuts 2019-20 GDP growth forecast to 5.6% from earlier estimate of 6.1%

India Ratings cuts 2019-20 GDP growth forecast to 5.6% from earlier estimate of 6.1%

India Ratings and Research (Ind-Ra) has revised its 2019-20 India GDP growth forecast downwards to 5.6 per cent from an earlier estimate of 6.1 per cent. The agency in a report also said new

Nov 26, 2019, 19:42 PM IST
Indian Railways may hike passengers fare from February 1, 2020

Indian Railways may hike passengers fare from February 1, 2020

If sources are to be believed, the ministry has received the PMO's green signal to increase rail fares. The biggest reason behind the fare hike is being attributed to deteriorating economic condition

Nov 25, 2019, 17:23 PM IST
Job growth seen in MSME sector after demonetization, says govt data

Job growth seen in MSME sector after demonetization, says govt data

While the Opposition has been attacking the Modi government for destroying numerous jobs in the micro, small and medium enterprises (MSME) sector post demonetization, figures show that 4-5 lakh jobs

Nov 21, 2019, 23:12 PM IST
Union Cabinet approves disinvestment in BPCL, SCI and 3 other blue-chip PSUs

Union Cabinet approves disinvestment in BPCL, SCI and 3 other blue-chip PSUs

Addressing a press conference after a Union Cabinet meeting in Delhi, Finance Minister Nirmala Sitharaman said that the Centre has decided to sell its 53.29% stake in BPCL but the control of

Nov 20, 2019, 22:37 PM IST
RBI to begin bankruptcy proceedings against shadow lender DHFL

RBI to begin bankruptcy proceedings against shadow lender DHFL

India`s central bank said on Wednesday it would initiate bankruptcy proceedings against Dewan Housing Finance Ltd (DHFL), as it seeks to address governance concerns and defaults at what was once one

Nov 20, 2019, 21:22 PM IST
India’s economy perched in precarious state, writes former prime minister Manmohan Singh

India’s economy perched in precarious state, writes former prime minister Manmohan Singh

Former prime minister and senior Congress leader Manmohan Singh on Monday painted a wavering picture of India's economy stating that it is "perched in a precarious state currently". "India’s economy

Nov 18, 2019, 14:39 PM IST
India's overall exports show 1.51% growth during April-October of FY20

India's overall exports show 1.51% growth during April-October of FY20

India`s overall exports -- merchandise and services combined -- in April-October of 2019-20 financial year are estimated to be USD 310.23 billion, exhibiting a positive growth of 1.51 per cent over

Nov 15, 2019, 23:21 PM IST
No GST on salaries paid to chief executive officers or employees, says CBIC

No GST on salaries paid to chief executive officers or employees, says CBIC

The Central Board of Indirect Taxes and Customs (CBIC) clarified on Friday (Novmber 15) clarifies that salaries are not subject to Goods and Services Tax (GST). It further added that no GST has been

Nov 15, 2019, 19:28 PM IST
Indian Railways hikes meal, tea prices on Rajdhani, Shatabdi and Duronto trains; check new rates

Indian Railways hikes meal, tea prices on Rajdhani, Shatabdi and Duronto trains; check new rates

The passengers travelling by second AC class will now pay Rs 20 for a cup of tea while those in the sleeper class will have to pay Rs 15. The tea rate was earlier Rs 10 in both the classes. For

Nov 15, 2019, 15:57 PM IST
Gold price settles higher as US dollar, stocks fall

Gold price settles higher as US dollar, stocks fall

Gold futures on the COMEX division of the New York Mercantile Exchange gained for the second day in a row as the US dollar weakened and stock benchmarks retreated.

Nov 15, 2019, 07:37 AM IST