Economy News

Unstimulating: Fiscal deficit hovers at 96% of full-year target, dashes stimulus hopes

During the same period last year, fiscal deficit had touched 76.4 per cent of the full-year target

Sep 30, 2017

Arun Jaitley slams Yashwant Sinha, calls him 'job applicant at 80'

Jaitley's response came a day after Yashwant Sinha, in an opinion piece, criticised Jaitley's handling of the economy saying that the Indian economy now is on a downward spiral.

Sep 29, 2017

No plans to scrap General Electric locomotive plant, says Piyush Goyal

Says work on the diesel locomotive plant at Marhowra in Bihar is going ahead as planned.

Sep 28, 2017

Donald Trump proposes controversial US tax overhaul, stirs concerns on deficit

US President Donald Trump proposed on Wednesday the biggest US tax overhaul in three decades, prompting criticism that it favours the rich and could add trillions to the US fiscal deficit. Read to know more.

Sep 28, 2017

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

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

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

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

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

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

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

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

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 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

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