5 Trillion-economy

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5 Trillion-economy - Total results - 31
Narendra Modi urges people to pay their dues for India's development; says tax harassment will be a thing of past
Business

Narendra Modi urges people to pay their dues for India's development; says tax harassment will be a thing of past

All citizens who could afford to pay taxes should pay them honesty for the welfare of those who had made them capable of it, Modi said

Economy not in trouble; green shoots visible with country moving towards $5 trillion economy: Nirmala Sitharaman
Business

Economy not in trouble; green shoots visible with country moving towards $5 trillion economy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoot are visible with the country moving towards a $5 trillion economy

India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers
Business

India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers

The country needs to double credit growth to 15 percent to become a $5 trillion economy by 2024-25, say bankers

Budget 2020: Govt likely to raise spending on infrastructure, cut personal tax to revive economic growth
Business

Budget 2020: Govt likely to raise spending on infrastructure, cut personal tax to revive economic growth

Sitharaman is expected to announce a plan in the budget to invest Rs 105 lakh crore ($1.48 trillion) in infrastructure over the next five years.

Nitin Gadkari says goal of making India a $5 trillion economy 'difficult, but not impossible'
Business

Nitin Gadkari says goal of making India a $5 trillion economy 'difficult, but not impossible'

Union Road Transport and Highways Minister Nitin Gadkari said on Saturday that the goal of making India a $5 trillion economy by 2024 was "difficult but not impossible".

Budget 2020: Seed industry body demands govt to restore 200% IT deductions for R&D
Business

Budget 2020: Seed industry body demands govt to restore 200% IT deductions for R&D

Ahead of the Budget, Federation of Seed Industry of India (FSII) on Thursday urged the government to restore 200 percent income tax deduction for in-house research and development (R&D) expenditure in the seed industry

Union Budget 2020-21: Narendra Modi says fundamentals of Indian economy strong, has capacity to bounce back
Business

Union Budget 2020-21: Narendra Modi says fundamentals of Indian economy strong, has capacity to bounce back

Unfazed by projections of GDP growth slowing to an 11-year low in the current fiscal, Prime Minister Narendra Modi on Thursday said fundamentals of the Indian economy are strong and it has the capacity to bounce back

Narendra Modi govt's Rs 102 lakh cr infrastructure target is a wishful thinking; the devil lies in the details
Business

Narendra Modi govt's Rs 102 lakh cr infrastructure target is a wishful thinking; the devil lies in the details

Over a Rs 100 lakh crore will be pumped into the infrastructure department that will help achieve the $5 trillion dream, the government claims.

India expected to overtake Germany, become fourth-largest economy by 2026, says report by UK-based economics consultancy
Business

India expected to overtake Germany, become fourth-largest economy by 2026, says report by UK-based economics consultancy

The report further said India is also set to reach a gross domestic product (GDP) of USD 5 trillion by 2026, 2 years later than the government's target.

Narendra Modi says NDA govt saved country from disaster; confident of making India a $5-tn economy
Business

Narendra Modi says NDA govt saved country from disaster; confident of making India a $5-tn economy

Narendra Modi said that the aim of the government is to both formalise and modernise the country's economy.

Why big hype on touching $5-tn economy by year 2025 is largely meaningless for average Indians
Business

Why big hype on touching $5-tn economy by year 2025 is largely meaningless for average Indians

Now, even if one talks about the $5-trillion target, at the current rate of slowed growth, the target is merely wishful thinking.

India to boost infra spend from $1.1 trillion in last decade to $1.4 trillion in next 5 years to reach $5 trillion economy, says Nirmala Sitharaman at IMF
Business

India to boost infra spend from $1.1 trillion in last decade to $1.4 trillion in next 5 years to reach $5 trillion economy, says Nirmala Sitharaman at IMF

India, Nirmala Sitharaman said, has taken various steps to enhance infrastructure investment by launching innovative financial vehicles

Favourable conditions exist to achieve $5 trillion economy target by 2024, to reach $10 trillion by 2030: Official
Business

Favourable conditions exist to achieve $5 trillion economy target by 2024, to reach $10 trillion by 2030: Official

It is entirely possible to achieve $5 trillion economy in India as right conditions exist with a strong policy-driven government both at the centre and states, said DPIIT Secretary Guruprasad Mohapatra

Corporate tax cut a signal to structural reforms, govt should focus on non-tax revenues to offset deficit: CEA
Business

Corporate tax cut a signal to structural reforms, govt should focus on non-tax revenues to offset deficit: CEA

On 20 September, Finance Minister Nirmala Sitharaman had announced a reduction in the base corporate tax rate to 22% from 30% as part of stimulus measures to revive the slowing economic growth.

Corporate tax cuts: Govt bites bullet to balance tax competitiveness, but will this attract India a major global investment hub
Business

Corporate tax cuts: Govt bites bullet to balance tax competitiveness, but will this attract India a major global investment hub

A nearly double-digit tax reduction in the effective tax rate, unmistakably, pegs India as one of the most competitive investment destinations not only across its Asian peers, but globally too.

'BJP, ministers lack vision to revive economy': Congress' Anand Sharma calls Nirmala Sitharaman's comments on inflation 'absurd'
Politics

'BJP, ministers lack vision to revive economy': Congress' Anand Sharma calls Nirmala Sitharaman's comments on inflation 'absurd'

The Congress on Saturday termed Nirmala Sitharaman's comments on inflation as "absurd" and accused the BJP-led government of lacking a 'vision'.

Piyush Goyal's Newton-Einstein gaffe: Twitterati mocks 'new Pappu'; Union minister's justification hardly helps
India

Piyush Goyal's Newton-Einstein gaffe: Twitterati mocks 'new Pappu'; Union minister's justification hardly helps

Piyush Goyal's remark crediting Einstein for Newton's discovery didn't go unnoticed by netizens. Twitterati massively trolled Goyal for the comment, which came days after Finance Minister Nirmala Sitharaman sparked a controversy by claiming the "millenial mindset" was behind the slowdown in the auto industry.

100 days of Modi 2.0: Economic slowdown fades sheen of govt in second term despite gains in Article 370, triple talaq issues
Business

100 days of Modi 2.0: Economic slowdown fades sheen of govt in second term despite gains in Article 370, triple talaq issues

The most shocking news in Modi 2.0 was the fall of growth rate in the first quarter of the current financial year at a time when the country was dreaming to become a $5-trillion economy.

PM in Bahrain: Narendra Modi conferred 'The King Hamad Order of the Renaissance' award in meet with monarch
India

PM in Bahrain: Narendra Modi conferred 'The King Hamad Order of the Renaissance' award in meet with monarch

Prime Minister Narendra Modi was conferred 'The King Hamad Order of the Renaissance' during his meeting with the King of Bahrain on Saturday.

$5 trillion economy is our target': Narendra Modi addresses Indian diaspora in Bahrain, says India's space missions are acknowledged worldwide
India

$5 trillion economy is our target': Narendra Modi addresses Indian diaspora in Bahrain, says India's space missions are acknowledged worldwide

Prime Minister Narendra Modi on Saturday reiterated his government's commitment to making India a $5 trillion economy in the next five years.