close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Economy News

First GST council meet on June 21 after Modi 2.0 takes charge, to decide on crucial matters of  taxation

First GST council meet on June 21 after Modi 2.0 takes charge, to decide on crucial matters of taxation

Among several discussions that is going to be on the GST Council agenda, discussion on proposal to levy 18 percent GST on extra-neutral alcohol (ENA), used for manufacturing alcoholic liquor for

Jun 18, 2019, 12:39 PM IST
Circular economy likely to generate 1.4 crore jobs in 5-7 years: Kant

Circular economy likely to generate 1.4 crore jobs in 5-7 years: Kant

Speaking at an event organised by industry body Ficci, Kant said that sustainable development and resource circularity is the need of the hour to implement circular economy.

Jun 18, 2019, 10:12 AM IST
UAE assures supply of oil, LPG to India despite tanker attacks: Pradhan

UAE assures supply of oil, LPG to India despite tanker attacks: Pradhan

India is 83 percent dependent on imports to meet its oil needs and is reliant on nations like the UAE to meet half of its cooking gas (LPG) needs.

Jun 18, 2019, 10:11 AM IST
Manufacturing, Infra to add 58,200 jobs in Apr-Sept FY20

Manufacturing, Infra to add 58,200 jobs in Apr-Sept FY20

According to TeamLease Services biannual 'Employment Outlook' report for April-September FY20, these industries will witness a 2 percent increase in net employment.

Jun 18, 2019, 10:10 AM IST
Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal

Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal

In its latest Global Economic Outlook, the global rating agency retained its GDP growth forecast for the next fiscal (2020-21) at 7.1 percent and 7.0 percent for 2021-22.

Jun 17, 2019, 17:58 PM IST
Noose tightens on Swiss bank account holders, details of at least 50 Indians being shared

Noose tightens on Swiss bank account holders, details of at least 50 Indians being shared

When the Modi government first came to power in 2014, it had termed the crackdown on the black money, including those allegedly parked in Swiss banks, as a key focus area.

Jun 16, 2019, 13:22 PM IST
Budget 2019: Spend more on education, hygiene, woman safety, say social sector experts

Budget 2019: Spend more on education, hygiene, woman safety, say social sector experts

Sitharaman, in her opening remarks, said that the present government is committed to improve the educational standards, skilling the youth, enhancing job opportunities, reducing disease burden,

Jun 14, 2019, 16:49 PM IST
SBI refuses to disclose communication from RBI, govt on electoral bonds

SBI refuses to disclose communication from RBI, govt on electoral bonds

Responding to an RTI filed by Pune-based activist Vihar Durve who had demanded copies of all letters, correspondence, directions, notifications or e-mails received from the RBI or any government

Jun 14, 2019, 16:16 PM IST
India firm on decision to impose retaliatory tariff on 29 US items

India firm on decision to impose retaliatory tariff on 29 US items

In May last year, the ministry had extended the deadline for imposing higher tariffs on these US products till June 16.

Jun 14, 2019, 16:11 PM IST
RBI tightens noose around banks, to impose penalty for keeping ATMs dry

RBI tightens noose around banks, to impose penalty for keeping ATMs dry

Banks can not keep ATMs out of cash for more than 3 hours, doing which will attract heavy penalty.

Jun 14, 2019, 15:37 PM IST
India's WPI Inflation at nearly 2-year low of 2.45% in May

India's WPI Inflation at nearly 2-year low of 2.45% in May

The annual rate of inflation, based on monthly WPI, stood at 2.45 percent for the month of May as compared to 3.07 percent for the previous month and 4.78 percent during the corresponding month of

Jun 14, 2019, 12:16 PM IST
PM Modi to chair 5th governing council meeting of NITI Aayog on June 15

PM Modi to chair 5th governing council meeting of NITI Aayog on June 15

The drought situation, farm distress, rain water harvesting, spirational districts programme, structural reforms in the agriculture sector, and security with specific focus on LWE districts will be

Jun 14, 2019, 10:53 AM IST
RBI to pump in Rs 12,500 crore liquidity on June 20

RBI to pump in Rs 12,500 crore liquidity on June 20

The decision has taken based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward, the central bank said in a statement.

Jun 14, 2019, 10:12 AM IST
FM holds pre- Budget consultation representatives of Infra sector

FM holds pre- Budget consultation representatives of Infra sector

The main areas of discussion during the meeting included issues relating to bringing in more capital to the infrastructure sector such as highways, railways, telecom and automobiles, including

Jun 14, 2019, 10:10 AM IST
Telecom panel asks Trai to reconsider recommendations on spectrum auction

Telecom panel asks Trai to reconsider recommendations on spectrum auction

The Digital Communications Commission (DCC), which met here Thursday, also approved the terms and conditions for 5G trials in the country, sources said.

Jun 14, 2019, 10:01 AM IST
Ficci for increasing FDI cap in insurance to 74%

Ficci for increasing FDI cap in insurance to 74%

The body also said that there is a need to improve investor confidence about the surrounding ecosystem in the country to attract more FDI inflows.

Jun 13, 2019, 17:29 PM IST
CAIT for lowering GST rates on auto parts, aluminium utensils

CAIT for lowering GST rates on auto parts, aluminium utensils

Confederation of All India Traders (CAIT) also suggested reviewing items placed under different tax slabs under GST as many of the products are overlapping.

Jun 13, 2019, 17:23 PM IST
FM Sitharaman holds pre-Budget consultations with financial, capital market sector

FM Sitharaman holds pre-Budget consultations with financial, capital market sector

Nirmala Sitharaman will present the first Budget of the Modi 2.0 government on July 5.

Jun 13, 2019, 13:32 PM IST
Govt approves SEZ amendment bill, to be introduced in ensuing session of Parliament

Govt approves SEZ amendment bill, to be introduced in ensuing session of Parliament

The Bill will replace the Special Economic Zones (Amendment) Ordinance, 2019 (12 of 2019) and will be introduced in ensuing session of the Parliament.

Jun 13, 2019, 13:13 PM IST
Cabinet approves Aadhaar Amendment Bill, claims it is people friendly

Cabinet approves Aadhaar Amendment Bill, claims it is people friendly

The Aadhaar and Other Laws (Amendment) Bill, 2019 will be introduced in ensuing session of Parliament.

Jun 13, 2019, 12:35 PM IST