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Finmin raises serious concerns over Moody's methodology, says agency ignored reform steps

Sep 22, 2016

Finmin raises serious concerns over Moody's methodology, says agency ignored reform steps

Questioning the methodology adopted by Moody's, Finance Ministry today said the global agency has ignored reforms initiated by the government and it should not wait "till infinity" for them to take root before upgrading the country's sovereign rating. #GDP #finance ministry #NewsTracker #Moody's #Sovereign rating #Finmin #Economic Affairs Secretary Shaktikanta Das
Union Budget overhaul ends British legacy but will throw up major challenges on data

Sep 21, 2016

Union Budget overhaul ends British legacy but will throw up major challenges on data

The issue with such advancement is that a lot of data which is required when drawing up the Budget would not be available and hence there could be several guestimates rather than estimates #GDP #GST #Railway Budget #parliament #Union Budget #spending #advance tax #data #Plan Expenditure #Refunds #Non-plan Expenditure
India's banking outlook stable over next 18 months on slower formation of bad loans: Moody's

Sep 19, 2016

India's banking outlook stable over next 18 months on slower formation of bad loans: Moody's

Moody's says India's banking system is moving past the worst of its asset quality down cycle, supporting its stable outlook for the sector over the next 12-18 months #Economy #GDP #Foreign direct investment #Moody's #Indian Banks #NPAs #bad loans #Banking sector
India fails to generate high value jobs, posts tepid salary growth at 0.2% since 2008

Sep 15, 2016

India fails to generate high value jobs, posts tepid salary growth at 0.2% since 2008

During the period under review, China, Indonesia and Mexico had the largest real salary growth at 10.6 percent, 9.3 percent and 8.9 percent, respectively #India #China #GDP #Hay Group #salary growth
President Mukherjee hopes govt will set up GST Council soon

Sep 10, 2016

President Mukherjee hopes govt will set up GST Council soon

Mukherjee said India has firmly established itself as the fastest growing large economy with a GDP growth rate of 7.3 percent in calendar year 2015. #Economy #GDP #Goods and Services Tax #PolicyWatch #service tax #VAT #excise duty #indirect taxes #GST Council
India poised to become a pivot for hi-technology manufacturing, says United Nations report

Sep 07, 2016

India poised to become a pivot for hi-technology manufacturing, says United Nations report

Growth performance was much higher in Asian economies, where manufacturing output rose by 6.5 percent in the second quarter of 2016 #GDP #United Nations #Industrial Growth #UN #Growth #Unido #high-tech world manufacturing
India to focus reforms on tax, banks, infrastructure to spur growth: Arun Jaitley

Sep 07, 2016

India to focus reforms on tax, banks, infrastructure to spur growth: Arun Jaitley

Jaitley said the new GST, once implemented, would have a "transformational" impact by creating a common market in India for the first time #GDP #Arun Jaitley #Privatisation #GST #Reforms #Tax Reforms #bad loans #state-run banks #Banking sector #Infrastructure Projects #banking system
PM Narendra Modi describes Brics as an 'influential voice' in international discourse

Sep 04, 2016

PM Narendra Modi describes Brics as an 'influential voice' in international discourse

Leading from the chair, Modi addressed the Brics Leaders Meeting here, before the 8th annual Summit in Goa from 15-16 October. #India #China #GDP #Narendra Modi #Brazil #NewsTracker #Russia #BRICs #South Africa #UN General Assembly #BRIC Foreign Ministers
Govt hints at LIC's IPO, says with Rs 22.10 lakh cr assets insurer commands over 15% of GDP

Sep 02, 2016

Govt hints at LIC's IPO, says with Rs 22.10 lakh cr assets insurer commands over 15% of GDP

With a profit of around Rs 40,000 crore last fiscal year, LIC is the most profitable entity in the country, next only to the Reserve Bank of India #GDP #RBI #Life Insurance Corporation #BSE #Arun Jaitley #LIC #policies #Market Cap