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Economy News

Nirmala Sitharaman

Budget 2020: Centre may impose customs duty hike on more than 300 items

Besides giving relief to the domestic industry and boosting employment, the move is expected to keep imports down and help to raise revenue. Jan 17, 2020
Finance ministry

Finance ministry plans new law to protect foreign investment in India: Report

In a 40-page initial draft, the finance ministry has proposed appointing a mediator and setting up fast-track courts to settle disputes between investors and the government. Jan 16, 2020
inflation, retail inflation, inflation for march 2017, india news, indian economy

As retail inflation soars high, RBI likely to put hold on rate cuts

Economists say that rising headline and food inflation would soon feed into core inflation - stripping out food and fuel prices. Jan 14, 2020
US China

US, China agree to semi-annual talks aimed at reforms, resolving disputes

An official familiar with the deliberations said the resumption of the US-China Comprehensive Economic Dialogue will be announced on Jan. 15. Jan 12, 2020
Madras Atomic Power Station

India may soon allow FDI in nuclear power area; PMO mulls over decision

The decision would be a paradigm shift in India's nuclear power policy, and subsequently, open the gates for multinational companies to invest in the country's nuclear energy projects. Jan 12, 2020
Container

'Lack of credit, lower consumption led India's growthrate to 5%': World Bank

India's growth rate is forecast to be only 5 per cent for the current fiscal year, weighed down by growth of only 4.5 per cent in the July-September quarter. Jan 9, 2020
Gold

Gold goes ballistic amid rising war fears as Iran missiles hit US bases in Iraq

Yellow metal prices have soared Rs 2,000 per 10 grams in four days, fuelled by a war of words between President Trump and Teheran. Jan 8, 2020
Income tax

Union budget 2020: Income tax relief for middle class on cards

The central government has held multiple discussions on this issue to spur economic growth and the proposal to reduce the tax burden as a step to boost demand in the country. Jan 7, 2020
Prime Minister Narendra Modi  with industralists

PM Modi meets Mukesh Ambani, other industrialists to discuss economic revival ahead of Budget 2020

The meeting discussed the current economic scenario and measures needed to boost growth, consumption, employment, and reviving economy, sentiments and industrial growth from the slowdown. Jan 7, 2020
Indian curreny notes

Govt mulls over cutting spending to curb deficit; may hurt growth

Asia's third-largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending. Jan 7, 2020
Rice

The New Rice War: China eats into big African markets secured by India

The Chinese strategy has ultimately disrupted the global market of rice exports wherein India feels the pinch, being the largest exporter. Jan 4, 2020
iran us tension

Gold, silver, oil prices surge on West Asia tensions

While the stock markets have taken a beating, gold, silver and oil prices have jumped sharply. Jan 4, 2020
petrol diesel rates

Petrol, diesel prices hiked across all major cities: Check latest rates in key cities

Petrol prices were up by 8-11 paise and diesel was hiked by 11-14 paise in all major cities across the country. Jan 3, 2020
Trade

India's merchandise exports could rise to $330-340 billion in FY20: FIEO

If the global situation improves, which is likely in the first half of 2020, India may look for 15 per cent growth in exports during the next financial year. Dec 31, 2019
Narendra Modi

Govt proposes waiving carbon tax on coal to finance pollution-curbing equipment

Modi's office has proposed waiving the carbon tax of 400 rupees ($5.61) per tonne that was levied on the production and import of coal. The move seeks to improve the financial health of utilities and distribution companies. Dec 31, 2019
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