Economy News

Cabinet to relax FDI in retail and digital media, may scrap FPI surcharge

The liberal FDI regime is expected to attract foreign players to invest in the country which is facing a slowdown.

Aug 28, 2019

India bonds at three-week high, rupee gains after RBI payout to government

Finance Minister Nirmala Sitharaman proposed on Friday a series of measures to help the economy and financial markets although some economists said there was a need for an additional stimulus package.

Aug 27, 2019

RBI payout gives Centre space to spend more: Experts

The Central Board of the Reserve Bank of India (RBI) on Monday decided to transfer a sum of Rs 1,76,051 crore to the government.

Aug 27, 2019

Trump welcomes China's move to restart talks amid worsening trade war

China's Renminbi weakened to a new 11-year low on Monday and stock markets in the Asia Pacific region tumbled sharply after trade tensions that worsened over the weekend.

Aug 26, 2019

Centre responsive to slowdown, but more steps needed: Report

On the measures announced to boost auto sales, the report noted that the auto sector may benefit marginally.

Aug 25, 2019

Nirmala Sitharaman rolls back tax hike on foreign, domestic equity investors; outlines steps to boost sentiment

The government also outlined a raft of measures including some for the crisis-hit autos sector, small businesses, and the troubled shadow banking sector to calm nerves of investors and lift consumer sentiment ahead of the Indian festive season that begins next month.

Aug 24, 2019

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Trump raises 30% tax on Chinese goods worth $250 billion as trade war worsens

US President Donald Trump's move came hours after China unveiled retaliatory tariffs on $75 billion worth of US goods.

Aug 24, 2019

J&K administration asks Rahul Gandhi to stay away from Srinagar

Saturday's visit to Srinagar will be Rahul Gandhi's first visit since the abrogation of Article 370 and bifurcation of the state into Union Territories of Jammu and Kashmir and Ladakh.

Aug 24, 2019

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Moody's slashes India's GDP growth forecast to 6.2% for 2019 from 6.8%

The current year has already witnessed sluggish growth since the beginning. GDP growth rate recorded in the first quarter (January-March) of this calendar year was lowest in five years at 5.8%.

Aug 24, 2019

Rift within government over revival plans - NITI Aayog and Economic advisor differ

Amid an economic slowdown, India Inc has been demanding a stimulus package from government to revive growth and prevent job losses.

Aug 23, 2019

Parle row: No job losses yet, company senior category head Mayank Shah clarifies

Mayank Shah stated that job cuts are only an eventuality that Parle may look at if the current economic slowdown continues.

Aug 23, 2019

US holds 2+2 dialogue with India on securing strategic cooperation in Indo-Pacific region

During the intersessional meeting, the two sides will discuss ways to advance cooperation on critical diplomatic and security priorities.

Aug 22, 2019

India's largest cookie-maker Parle may cut up to 10,000 jobs amid economic slowdown

A sharp drop in Parle's biscuit sales means the company may have to slash production, which may result in layoffs of 8,000-10,000 people.

Aug 21, 2019

Direct tax code: Panel recommends slew of measures to lower tax burden

The committee submitted its report to Finance Minister Nirmala Sitharaman on Monday and the report is expected to be made public for consultation after due examination

Aug 20, 2019