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Economy News

Budget session

Will the Union Budget 2020 make it India's decade?

With the focus on the new decade and India's opportunity to seize the global economic opportunity, the Union Budget may well herald the second wave of structural reforms. Feb 1, 2020
vande bharat

Growth in rail passenger, freight transport; dip in accidents: Economic Survey

As per the pre-Budget survey, during the year 2018-19, Indian Railways carried 120 crore tonnes of freight and 840 crore passengers making it the world's largest passenger carrier and fourth-largest freight carrier. Feb 1, 2020
Indian economy

Economic Survey: Govt's key steps to achieve $5 trillion economy, check here

The Economic Survey noted that the year 2019 was a difficult year for the global economy with world output growth estimated to grow at its slowest pace of 2.9 per cent. Jan 31, 2020
Nirmala Sitharaman

Economic Survey predicts growth revival, 6-6.5% GDP forecast for 2020-21: Key things to know

The survey gives a review of the developments in the economy over the previous 12 months and also gives an outlook for the next financial year. Jan 31, 2020
Economic slowdown

India's economic survey likely to forecast growth in FY 21 at 6%-6.5%: Report

India faces its worst economic slowdown in a decade. Growth slipped to 4.5 percent in the July-September quarter. Jan 31, 2020
Budget 2019

Budget 2020: Govt likely to raise spending to revive economic growth

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter, worsening the job prospects for millions of youth entering the workforce each year. Jan 29, 2020
Income Tax office.

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
Gita Gopinath

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
Nirmala Sitharaman

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 pump jacks

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
Mahathir Mohamad become Malaysian

'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
Palm oil

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
jeff bezos delhi event

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
Income tax

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
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