Economy News - Page 8

GST Council to fix tax rate on gold and other commodities today; jewellers on toes

This will probably be the last meeting of the GST Council before the implementation of the new tax regime from 1 July

Air India stake sale will be 'very, very difficult' says Arvind Panagariya

Loss-making Air India, surviving on taxpayers' money, is facing tough business conditions amid stiff competition.

Chhattisgarh CM Raman Singh seeks Japanese investment in the state

Raman Singh today invited Japanese industrialists and investors to Chhattisgarh during his Japan visit to attract foreign investments

Rising NPA: RBI initiates prompt corrective action for Dena Bank

Earlier, similar action was initiated against other state-owned lenders -- IDBI Bank, Indian Overseas Bank and UCO Bank

RBI governor Urjit Patel meets Arun Jaitley; discusses issues for the monetary policy review in June

Ahead of the next monetary policy review, RBI governor Urjit Patel called on finance minister Arun Jaitley to discuss various macro-economic issues

Real impact of demonetisation will be known only by 2018-end: Former chief statistician Pronab Sen

Sen noted that the country does not have a system of getting a more regular data on the unorganised sector

India's slower GDP 'nasty surprise', 'self-goal' by Narendra Modi govt, says Chinese media

India lost the tag of the fastest growing major economy to China in the March quarter with a GDP growth of 6.1 percent, which pulled down the 2016-17 expansion to 7.1 percent.

IT layoffs: NITI Aayog's Arvind Panagariya dismisses fears, says world in grip of ‘robophobia’

Anomalies in employment data should get addressed with the just-launched NSSO survey, Panagariya said

Narayana Murthy asks senior executives to take pay cuts to prevent IT job losses

The IT industry has dealt with the job loss issue several times in the past, too.

Demonetisation pushes GDP down to 6.1%: Can the govt come out of denial at least now?

In hindsight, we now know that even in the second and third quarters of last fiscal year, the economy was slowing

Jan-Mar GDP at 6.1%: India to regain tag of fastest growing economy in Q1, says Arvind Panagariya

Panagariya said that the growth will rebound in the current fiscal at a minimum of 7.5 percent and accelerate further in the coming years

Aadhaar: UIDAI chairman J. Satyanarayana sets at rest concerns on security and privacy

Satyanarayana said the Aadhaar base was making a huge difference to the country as it was empowering people as single digital platform to prove identity

Arun Jaitley just tripped over his own feet by admitting economy wasn’t healthy when govt launched note ban

Jaitley is absolutely right in saying a 7-8 percent growth is good enough for India in an environment where rest of the world is facing an economic slowdown

GDP numbers explained in 7 charts: Why we should be really worried about jobs

"The demographic 'dividend' is slowly turning into a 'tax' as more young people enter the workforce, while the pace of job creation is meagre"

Black money: Response to PMGKY 'not so good', only Rs 5,000 cr declared, says govt

The scheme was launched in December last year to enable people with black money to come clean by paying tax and penalty of 50 percent

GDP in FY17 at 7.1%: Barring note ban, govt has steered economy well but challenges remain

What should seriously worry the government’s economic managers is the fact that gross fixed capital formation (an indicator of the investment rate) has dropped to 27.1 percent of GDP

Jan-Mar GDP at 6.1%: Several factors responsible for decline in growth, says FM Arun Jaitley

According to GDP data released yesterday, growth rate slipped to 6.1 percent in the January-March quarter and 7.1 percent, the lowest in the three years, during 2016-17.

Moody's says demonetisation, banking sector reforms to broaden India's tax base, cut debt

Moody's has a 'Baa3' rating on India with a positive outlook

Manufacturing growth slips to 3-month low in May as demand for goods slacken

Nikkei Markit India Manufacturing Purchasing Managers' Index declined from 52.5 in April to 51.6 in May

Petrol price hiked by Rs 1.23 per litre, diesel by 89 paise after global oil prices rise

The rates have been hiked excluding local state levies or VAT and actual increase will be higher depending on tax rate.

Jan-March GDP slows to 6.1%: Have no doubt, note ban is hitting hard; here's what experts say

"The distinct downtrend in GDP growth over the quarters of 2016-17 suggests that the slowdown in growth that had already set, was intensified by the demonetisation."

GDP in Jan-March hits 6.1%: India loses fastest growing economy tag after slowdown deepens

The March quarter growth figure is the lowest since the December quarter in 2014, when the economy registered a 6 percent growth,

Demonetisation impact: GDP dips sharply in Jan-Mar to 6.1%; lndia loses fastest growing tag

The fourth quarter growth number of 2017 failed to meet analysts estimates, as Reuters poll of 35 economists predicted a tad above growth of 7 percent

PAN-Aadhaar linking: Here's what you can do in case details are not matching

If the linking is not done, PAN of the person will be invalidated and it will be assumed that the person has not applied for PAN.

As equities boom, stock market inclusion can be the next big thing to propel economic growth

Today we have around three crore registered investors in the capital markets, which form barely two percent of the entire population.

Lavasa in limbo: How politics, environmental concerns are holding up a Rs 50,000 cr project

Lavasa is a project that was praised by Narendra Modi when he was the Gujarat CM; how come the BJP-led Maharashtra govt is taking a stand that hinders the project's progress, asks an investor

India's GDP seen at 7.5% in FY18 as demonetisation impact is waning, says Moody's

The World Bank has earlier this week projected India to clock a 7.2 percent growth rate in the current fiscal on reform momentum and improved investment scenario.