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Economy News

Narendra Modi

PM Modi promises jobs; assures help to small and medium businesses

PM Modi said that his government has already brought in 87 reforms in 21 sectors since it took office in May 2014. Dec 14, 2017
india news, india external trade, india exports, india imports, gold imports by india, trade deficit, india external trade, note ban

India's current account deficit widens to $7.2 billion in September quarter on rising imports

Analysts also expect CAD to further widen and end the fiscal year ending in March at 1.7-2.0 percent of GDP. Dec 14, 2017
inflation, retail inflation, inflation may 2017, rbi inflation target, rbi, pay commission, modi govt

November inflation rises to 15-month high of 4.88%, breaching RBI mid-term ceiling

India's retail inflation in November breached the Reserve Bank of India's medium-term target of 4 percent. Dec 12, 2017
Jobs and hiring

Hiring sentiment in India rises for Q1 2018 from last quarter : Survey

The survey points out that hiring intention remain positive in various sectors for the January-March period. Dec 12, 2017
vienna, un, united nations, iran, sanctions, nuclear programme, nuclear program, western powers, IAEA

India's GDP growth set to rise 7.2 percent in 2018, 7.4 percent in 2019: UN report

But, the report also pointed out that the performance of private investment remains a key macroeconomic issue. Dec 12, 2017
Employees

Here's to a happy new year! Employees in India to get about 15% hike in 2018

Employees in India are likely to see a 10-15 percent hike in the new year as the economy is likely to shed of demonetisation woes and other issues such as automation. Dec 11, 2017
Morgan Stanley

Morgan Stanley expects India's GDP growth to accelerate to 7.5 percent in 2018

India's private capital spending and demand conditions are gradually recovering after the new tax regime and cash ban had disrupted economic growth for a short term. Dec 8, 2017
The fake Rs 2,000 notes were dispensed bearing ‘Guaranteed by the Children’s Government’, etc.

Fake Rs 2,000 note was out within 53 days of demonetisation!

In just 53 days between November 8 and December 31 last year, police and other government agencies seized 2,272 fake Rs 2,000 notes -- at a time when people across the country were struggling to get hold of the new currency. Dec 7, 2017
sasikala, sasikala convicted, tamil nadu politics, crisis in tamil nadu, tn gdp, tamil nadu economy, hyundai chennai, ford chennai, ashok leyland, royal enfield chennai

India's auto-component industry to grow 9-11% on higher car, two-wheeler sales

ICRA expects the industry-wide credit profile trends to remain stable, supported by robust demand from the OEM segment in the near term. Dec 7, 2017
demonetisation rbi urjit patel finmin shaktikanta das press conference modi govt arun jaitley debate crisis notes bank rs 500 rs 1000

Small shops will now pay less fee on debit card payments as RBI rejigs merchant discount rate

The new rates will be effective from 1st January 2018. Dec 7, 2017
Indian railways

Indian Railways travellers will soon get incentives for booking tickets via digital transactions

Other incentives will include offering free passenger insurance for cashless ticket purchases. Dec 7, 2017
urjit patel, rbi governor urjit patel, patel parliamentary panel, remonetisation, notes returned, demonetisation

RBI holds repo rate unchanged at 6%, maintains neutral stance

Following the decision, the benchmark repo rate stands at 6 percent, and the reverse repo rate remains unchanged at 5.75 percent and the central bank maintained a neutral policy stance. Dec 6, 2017
Hasmukh Adhia

GST makes it tough to evade taxes: Finance Secretary Hasmukh Adhia

The government on Tuesday also announced incentives worth Rs 8,450 crore to boost exports of goods and services. Dec 6, 2017
india gdp, asian development bank, adb projects india gdp for fy2018, indian economy

GST impact: Services PMI hit three-month low in November, Nomura 'surprised'

A composite PMI, which takes into account both manufacturing and services activity, fell to 50.3 from last month's 51.3. Dec 5, 2017
Fitch Ratings

Fitch lowers India's GDP outlook to 6.7%, says 'growth has repeatedly disappointed'

The US-based rating agency also lowered the country's growth forecast for 2019 fiscal to 7.3 percent from 7.4 percent. Dec 5, 2017
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