Economy News

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

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 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

Top 500 companies in India likely to face electronic tax scrutiny: Report

This electronic scrutiny will likely be introduced in the federal budget in February 2018.

Dec 5, 2017

India opposes e-commerce negotiations at WTO; submits formal document

India mainly opposed the negotiation because it fears that new rules could provide unfair market access to foreign companies, denting the fast-growing e-commerce platforms.

Dec 4, 2017

RBI's views on economy incorrect; rate cut possible, says Modi's economic adviser

Goyal explained that the RBI's consumer price index (CPI) forecasts are wrong. She further said that the central bank's stance to keep interest rates high to keep inflation under control also didn't pay off.

Dec 4, 2017

GST on restaurants: Govt takes tough stand against association lobbying to restore input tax credit

The Centre thinks that there is no question of a review for restaurants under GST as the extent of the price increase is unjustified.

Dec 4, 2017

Iranian President inaugurates Chabahar port: Move bolsters Indian commerce and isolates Pakistan

For India, the Chabahar port is strategically important since the port will strengthen a trade route for land-locked Central Asian countries that would bypass rival Pakistan.

Dec 3, 2017

Q2 GDP: Manmohan Singh remains sceptical about economic turnaround, says 'too early to tell'

The September GDP figure did not take into account the small and medium sector, which suffered the most from demonetisation and hurried implementation of GST

Dec 3, 2017

Indians travelling abroad paid 22% extra for last-minute flight tickets: Report

According to KAYAK, flights to Bangkok, Dubai and Bali are the top three destinations for Indian travellers.

Dec 2, 2017

India's manufacturing activity accelerates in November on higher demand, new workers hired

The findings suggest that India is limping back to growth and might soon snatch back its title of the fastest growing major economy in the world in the coming quarters.

Dec 1, 2017

GST confusion over: Govt projects economy to grow at 6.75-7.5 percent this year

India's economy expanded 6.3 percent year-on-year in the third quarter of 2017, up from 5.7 percent the previous quarter which was the lowest in the last three years.

Dec 1, 2017

GDP rebounds to 6.3% for July-Sept quarter

India's Gross Domestic Product grew at 6.3 percent for the July-September quarter. This was an improvement over the previous quarter where GDP growth had slowed to a three-year low of 5.7 per cent.

Nov 30, 2017

India needs Rs 50 lakh crore investment; 10% growth 'very challenging,' says Arun Jaitley

The FM stated that growth hitting 10 percent is 'very challenging' and it would not depend on domestic factors alone.

Nov 30, 2017

Did economy recover from slump? Q2 GDP data to be out today will give answer

Experts believe growth will revive as business overcomes teething troubles posed by the new GST regime and shocks from demonetisation fade..

Nov 30, 2017