Economy News

Economic slump expected to deepen as direct tax collection runs in negative zone

Direct tax collections stood at Rs 7.26 lakh crore in the April-January 15 period of FY20 as compared to Rs 7.73 lakh crore in the same period of the previous year.

Jan 22, 2020

IMF's Gita Gopinath projects economic recovery for India in 2020-21

The recovery "should come from the monetary stimulus that has been put in the system and some of it from the corporate tax cut," she said at a news conference in Davos for the release of the World Economic Outlook (WEO) update.

Jan 21, 2020

Govt to decriminalise Income Tax Act, PMLA in a move to achieve '$5 trillion economy'

These steps are being taken to catapult the country to a $5 trillion economy, Finance Minister Nirmala Sitharaman has said.

Jan 21, 2020

Oil jumps to highest in more than a week after Libyan shutdowns

In the latest development in a long-running conflict in Libya, the National Oil Corporation (NOC) on Sunday said two big oilfields in the southwest had begun shutting down.

Jan 20, 2020

'We are too small to take trade action on India,' says Malaysian PM after palm oil boycott

India, the world's largest edible oil buyer, this month halted Malaysian palm oil imports after Mahathir's comments criticising New Delhi over its policy on Kashmir.

Jan 20, 2020

Chinese Vice Premier Liu He and US President Donald

China will increase imports from US according to 'market principles': Report

China will boost purchases of US goods and services by $200 billion over two years in exchange for the rolling back of some tariffs.

Jan 19, 2020

To defuse palm row, Davos diplomacy likely between India, Malaysia

Hindu-majority India has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against its recent policies.

Jan 19, 2020

Global Economist Portia Antonia Alexis To Attend World Economic Forum 2020 As She Shares How Artificial Intelligence Will Be Helpful In Banking

Companies are more inclined to invest in Artificial Intelligence as well as larger and shorter-term projects

Jan 17, 2020

Day after Piyush Goyal snub, Amazon CEO Jeff Bezos offers 10 lakh jobs in India

Jeff Bezos promised to create additional 10 lakh jobs a day after Commerce and Industry Minister Piyush Goyal snubbed him during a public event.

Jan 17, 2020

Budget 2020: Check date, time; what can we expect from this year's budget?

The union budget for the fiscal year, 2020-21 will be presented by Sitharaman on February 1 at 11 am, which is a Saturday, and the Economic Survey will be published on January 31.

Jan 17, 2020

Budget 2020: Centre may impose customs duty hike on more than 300 items

Besides giving relief to the domestic industry and boosting employment, the move is expected to keep imports down and help to raise revenue.

Jan 17, 2020

Finance ministry plans new law to protect foreign investment in India: Report

In a 40-page initial draft, the finance ministry has proposed appointing a mediator and setting up fast-track courts to settle disputes between investors and the government.

Jan 16, 2020

inflation, retail inflation, inflation for march 2017, india news, indian economy

As retail inflation soars high, RBI likely to put hold on rate cuts

Economists say that rising headline and food inflation would soon feed into core inflation - stripping out food and fuel prices.

Jan 14, 2020

US, China agree to semi-annual talks aimed at reforms, resolving disputes

An official familiar with the deliberations said the resumption of the US-China Comprehensive Economic Dialogue will be announced on Jan. 15.

Jan 12, 2020

India may soon allow FDI in nuclear power area; PMO mulls over decision

The decision would be a paradigm shift in India's nuclear power policy, and subsequently, open the gates for multinational companies to invest in the country's nuclear energy projects.

Jan 12, 2020

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Economy News

Economic slump expected to deepen as direct tax collection runs in negative zone

IMF's Gita Gopinath projects economic recovery for India in 2020-21

Govt to decriminalise Income Tax Act, PMLA in a move to achieve '$5 trillion economy'

Oil jumps to highest in more than a week after Libyan shutdowns

'We are too small to take trade action on India,' says Malaysian PM after palm oil boycott

China will increase imports from US according to 'market principles': Report

To defuse palm row, Davos diplomacy likely between India, Malaysia

Global Economist Portia Antonia Alexis To Attend World Economic Forum 2020 As She Shares How Artificial Intelligence Will Be Helpful In Banking

Day after Piyush Goyal snub, Amazon CEO Jeff Bezos offers 10 lakh jobs in India

Budget 2020: Check date, time; what can we expect from this year's budget?

Budget 2020: Centre may impose customs duty hike on more than 300 items

Finance ministry plans new law to protect foreign investment in India: Report

As retail inflation soars high, RBI likely to put hold on rate cuts

US, China agree to semi-annual talks aimed at reforms, resolving disputes

India may soon allow FDI in nuclear power area; PMO mulls over decision

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react