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Economy News

GST protests

More setbacks? GST collections fell to Rs 90,669 crore in August

During the month of August, assesses paid taxes also dropped by around nine percent. Reports say that 55 percent of assesses paid taxes for August, compared to 64 percent for July. Sep 27, 2017
Yashwant Sinha

Former finance minister Yashwant Sinha criticises Arun Jaitley, says economy is 'on a downward spiral'

"The prime minister claims that he has seen poverty from close quarters. His finance minister is working over-time to make sure that all Indians also see it from equally close quarters," said Yashwant Sinha. Sep 27, 2017
india news, india exports, india imports, india external trade, india trade deficit

GST relief : Exporters may be exempted from IGST on imported inputs

The final decision on the matter will be taken by the GST Council on October 6. Sep 26, 2017
Bibek Debroy

PM Modi revives Economic Advisory Council with Bibek Debroy as its head

Prime Minister Narendra Modi has constituted the Economic Advisory Council, to be chaired by NITI Aayog member Bibek Debroy. Read to know more. Sep 26, 2017
GM India exports, Beat sedan, Chevrolet essentia

GDP share of exports in Q1 slumps to 14-year low at 19.4%

Share was 20% in fiscal 2017; exports rose just 1.2% in Q1 despite strong rebound in global trade in goods and services. Sep 26, 2017
Growth Forecast

GST, demonetisation take a toll; ADB downgrades India's 2017 growth forecast to 7%

The downgrade reflects short-term disruptions like last year's demonetisation and implementation of the goods and services tax (GST). Sep 26, 2017
Narendra Modi

Deadline 2018: All you need to know about Modi's 'Saubhagya' scheme

While free connections will be provided to below poverty line BPL households, under the Saubhagya scheme people above the poverty line would have to pay only Rs 500 per connection in 10 installments. Sep 26, 2017
india gdp growth, india second cso estimate for fy2017, india q3 gdp growth, indian economy, demonetisation, modi govt, pm modi

Centre wants more rate cuts to revive economy and spur investments

The slowdown was led by the manufacturing sector, which expanded at 1.2 percent from a year earlier compared with a 10.7 percent growth last year. Sep 24, 2017
Arun Jaitley

Getting fiscal: Govt to push Rs 50,000-crore stimulus package to turbocharge growth

The move could widen the fiscal deficit, but it is a risk the government will take to tackle slowing growth. Sep 21, 2017
Arun Jaitley

Arun Jaitley vows necessary measures to revive slowdown-hit economy

The faltering economy has offered the opposition Congress party ample grist for its campaign against Modi ahead of general elections in 2019. Sep 20, 2017
Yamuna Expressway

On the fast track: New highway projects hit the road running

The improved Hybrid Annuity Model is a sure shot at faster highway completion, when the model is getting popular with developers. Sep 19, 2017
gst, gst on services, gst service tax, service tax at 15%, gst service tax 18%, , india gdp, india gdp composition

Economic slump: Amit Shah's 'technical reasons' exposed in SBI report

The BJP president had not elaborated on his "technical reasons"; report believes government should consciously expand spending, without disturbing the borrowing equation. Sep 19, 2017
Megh mela

Google Tez is great, but Paytm is better - at least for now

Google faces stiff challenge from Paytm for its latest Tez UPI payments app in India. Sep 19, 2017
GST protests

GST recoil: Modi government eyes spending cuts due to low tax collection

If the current trend continues till the year-end, revenue shortfall could be as much as Rs 80,000 crore ($12.5 billion). Sep 19, 2017
Air pollution

Energy Drive: When environment is at odds with business

Industry feels that environmental regulations such as Forest Rights Act 2006 have blocked industrial and mining development in the country for long. Sep 19, 2017
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