Economy News - Page 26

Indian economy projected to overtake US by 2040: PwC report

"In fact, China has already overtaken the US to become the world's largest economy in PPP terms, while India currently stands in third place and is projected to overtake the US by 2040 in PPP terms," PwC said.

Unemployment on the rise, highest among OBCs: How is high growth benefiting poor?

The Modi-government still seems to be obsessed with the GDP figures while focus on actual job creation remains weak beyond rhetoric.

Ujjivan Small Finance Bank launched, to offer fixed, recurring deposits at 5.5-8%

Unlike payments bank, small finance banks will start off well because they have their business in place, said Samit Ghosh, MD and CEO, Ujjivan Small Finance Bank

Union Budget 2017 pulls out govt of demonetisation mire but disappoints in job creation

This solid, workmanlike Budget had few new promises and showed the determination to deliver old promises.

Budget for Bharat: Large investments but only a mild push to rural consumption

The real push needed is in rural spending through government investment. Has the Budget 2017-18 actually helped this cause?

Union Budget 2017: Kudos to PM Modi, Arun Jailtey for not falling for poll compulsions

They have produced a budget that is better than business as usual

New Income Tax slab 2017-18: Here's how Arun Jaitley is putting money into your pocket

This means the overall tax rate will come down for those who have income up to Rs 5 lakhs.In fact even those who have income above Rs5 lakhs will benefit slightly.

Union Budget 2017 is a total miss on banking reforms, economy will pay a price for it

During his speech, Jaitley said the government will take care of the additional capital requirements of these banks, but past experience have shown such assurances have hardly materialized.

Exclusive: Balancing act in Budget 2017 is a curse for the poor, writes Yogendra Yadav

If you happen to view the Union Budget 2017 from the bottom of the pyramid, you will see that it only perpetuates the existing imbalance

The GST anti-climax: Don't expect its roll out to boost GDP by 1-2% any time soon

It may be safe to assume that immediate 1-2 percent GDP gains will likely not accrue starting FY16 (when it is being targeted for rollout)

Jagran Prakashan to acquire Radio City: Why it's a win for both

Jagran Prakashan, which owns one of the country's most-widely read newspaper (Dainik Jagran), today announced it would buy Music Broadcast Pvt Ltd (MBPL), which runs the popular Radio City FM channel.

Crude shock: Ruble crashes the most in 16 years, sends shivers across global economy

Amid such an economic environment globally, it is difficult to imagine how risk assets such as stocks can thrive.

Now, Gadkari wants an underground ring road in Mumbai: Is he going overboard?

A cursory glance at some of his statements leads one to wonder if the transport (and also shipping) minister is making promises he may find difficult to live up to

Rupee at 62: Raghuram Rajan is preparing for a big fight

The currency had sunk to a lifetime low of 68 to the US dollar, when it was trading at 54 five months back. The new RBI chief had then waded straight into the battle: bringing about several financial reforms right off the bat as well as taking innovative steps to attract US dollars from abroad.<br />

FM ready to pay up UPA's CST bill but that will not break the GST jinx

While Jaitley may have likely sorted out the CST compensation issue and got a step closer to its implementation, there still are issues that need to be solved

2015 will be difficult year for all Asian currencies, but rupee will hold the ground

Lower commodity prices would be a net positive for the INR via expected improvements in the trade and fiscal accounts

Support wearing out? Modi's cheerleaders in business are disappointed too

It is a bit worrying when India Inc is getting concerned about the Modi government's "lack of boldness" in pushing through economic reforms

Actual fuel de-control still doesn't exist in India. Here's why

In October this year, the Narendra Modi-led government announced it had deregulated prices of diesel, India's largest selling automotive fuel.

The three issues that Arun Jaitley must resolve to roll out GST

The GST, which subsumes most local, state and central taxes and duties into itself, has traversed through a tricky maze.

Govt will not interfere with SC decision on coal allocation: Power Minister Goyal

As the date for the Supreme Court's decision in the coal allocation case draws near, Power Minister Piyush Goyal said the government will not interfere with court's decision, but made it clear that they are not making a case for exemption for any player.

Not Nachiket Mor: Why RBI COO is likely to be an internal candidate

The RBI's restructuring involving clustering its 21 departments into five groups was an idea suggested by the central bank's middle management comprising Chief General Managers (CGMs) and Regional Managers (RMs).<br />

Not Nachiket Mor: Why RBI COO is likely to be an internal candidate

The RBI's restructuring involving clustering its 21 departments into five groups was an idea suggested by the central bank's middle management comprising Chief General Managers (CGMs) and Regional Managers (RMs).<br />

Here's a strategy for a BJP govt to bring black money back to India and reap $30 bn

Jefferies estimates the amount of black money in the country at 20-30 percent of GDP, or roughly between $300-500 billion

This could be the first challenge that the new govt has to face. And it's no walk in the park

CLSA expects agriculture production to be hit, but said overall non-agriculture GDP growth would be less affected unless there was a severe drought.<br />

Union Budget 2017 has commendable steps but banks, health, education major misses

In the long run, lack of investment in health and education will have a staggering impact on the economy

Why Union Budget 2017 proposals fall short of Modi govt’s commitment towards farmers

The budget for this crucial wage employment programme MGNREGA did not receive any impressive allocation in the current budget (only Rs 500 crore) compared to the allocation for 2016-17 (RE), i.e. Rs 47,500 core.

Union Budget 2017: Arun Jaitley has got his math wrong as sharp fall in economy not factored in

The budget can be said to hide more than it reveals. It is framed assuming business as usual – something that is not true post November 2016. This is a fatal mistake.

Union Budget 2017 indicates government's will to fight black money, corruption

Avoiding populist measures and focusing on investment activities that have a multiplier effect, the FM has tried to garner additional resources through higher tax compliance, rather than higher tax rates.

Budget 2017: Support for renewable energy minuscule; why cos may be unhappy?

When there are a number of gaping flaws in the sector which reappear periodically, it may be a bit too soon for the Government to take a back seat