Economy News

Fiscal woes may worsen as GST collections fell to lowest in November

The decline in tax collection will amplify the Centre's fiscal concerns ahead of the Union Budget, scheduled for February next.

Dec 27, 2017

India to leapfrog UK and France to become 5th largest economy in 2018, 3rd by 2027: Report

It will be the first time that the Indian economy will catch up and overtake the UK and France.

Dec 27, 2017

November 2017 GST collection falls for 2nd month to Rs 80,808 crore

The total revenue collected under the GST kept falling for the second straight month to Rs 80,808 crore in November from Rs 83,346 crore in October.

Dec 26, 2017

India gets first AC local: 7 things to know about train flagged off in Mumbai

Here are 7 things you must know about India's first AC local, which was flagged off in Mumbai.

Dec 25, 2017

India's plan to go all-electric with cars by 2030 'not viable,' impedes better technology: Mercedes India chief

Mercedes-Benz Managing Director and Chief Executive Roland Folger has said India's plan for all-electric cars by 2030 may be too short-sighted.

Dec 24, 2017

3 landmark economic reforms introduced in India in 2017

World Bank president Jim Yong Kim said the economic reforms undertaken by the government are 'significant'.

Dec 24, 2017

'Quarterly GDP data are all bogus': Modi govt pressurised CSO to give out good data, claims Swamy

"Please do not go by the quarterly (GDP) data; they are all bogus," Swamy said.

Dec 24, 2017

Unemployment pushes education loan defaults to rise 47 percent in just a year

For at least five lenders, the stock of bad loans has more than doubled, with UCO Bank and Indian Bank leading the pack.

Dec 23, 2017

IMF, RBI raise risk concerns in India's banking system, suggest privatisation of weaker PSBs

In the reports the institutions urged Indian government to consider diluting stakes in weak public sector banks (PSBs) rather than merging them with stronger banks.

Dec 22, 2017

India's 'new normal' growth rate is 7-8%, says Finance Minister Arun Jaitley

If India grows at 7-8 percent in 2018 as expected by the government, it might snatch back its title of the fastest growing major economy in the world.

Dec 22, 2017

Higher visa fees and HR 170 Bill add to woes of Indian IT companies

"The US government's immigration policy is creating an artificial distinction between one company and another," said R Chandrashekhar, president of NASSCOM.

Dec 22, 2017

Top 10% earners have 56% of India's wealth: Report [VIDEO]

India's list of billionaires went from 1 to 132 in the last 3 decades. All this while, the country continues to remain the home to world largest population of malnourished children and poor people.

Dec 21, 2017

Indicators for November signal rebound in industrial growth, says ICRA

The Indian economy report shows auto production on a year-on-year basis surged to a 38-month high, 19 percent in November from 2.2 percent in October this year.

Dec 21, 2017

RBI worried over risks to inflation, fiscal uncertainty; don't expect rate cut in near future

The monetary policy committee (MPC) members are concerned about rising crude oil prices, fiscal slippage for the ongoing financial year and rising inflationary expectations of households.

Dec 21, 2017

RBI likely stopped printing Rs 2,000 notes or is going slow on supply: Report

The report also noted that share of small currency notes in total currency in circulation now, may have surged to 35 percent in value terms.

Dec 21, 2017