Economy News

China suspends planned tariffs scheduled for December 15 on some US goods

China's retaliatory tariffs, which were due to take effect on December 15, were meant to target goods ranging from corn and wheat to US-made vehicles and auto parts.

Dec 15, 2019

China to buy $50 billion US farm products in return for tariff concessions

Two people familiar with the negotiations had said earlier on Thursday that US negotiators were offering to cut existing tariffs on Chinese goods by as much as 50 per cent.

Dec 13, 2019

Trump's December 15 China tariffs threaten a long list of Christmas favourites

The way the tariffs are written, the Trump administration has to act, or else they automatically go into effect.

Dec 11, 2019

Ticking time bomb? Rajan warns of crisis in realty, infrastructure segments

The former RBI governor said real estate, construction and infrastructure sectors are in deep trouble amid the growth recession of low economic expansion and growing unemployment.

Dec 8, 2019

Big boost to middle-income segment on the cards as income tax rates may be cut

Finance Minister Nirmala Sitharaman hinted at the possibility of the government revising personal income tax rates and raising the taxable income floor.

Dec 8, 2019

nse at alltime high, nse at historic high, nse at lifetime high, nse crosses 9400, sensex at lifetime high, sensex at new high, imd predicts normal rainfall

Market outlook: Macro-data, growth pangs to drive equity indices' trajectory

The rupee's movement against the American dollar and the progress of the US-China trade deal, as well as crude oil price fluctuations, will impact investors' risk-taking appetite.

Dec 8, 2019

Top sugar producing state Uttar Pradesh keeps cane prices unchanged

For the 2019/20 season, Uttar Pradesh fixed the cane price at 315 rupees ($4.42) per 100 kgs.

Dec 8, 2019

Finance Minister Nirmala Sitharaman invites suggestions on 'GST Feedback Diwas'

As per the arrangement, people with suggestions can approach GST offices across the country and give their suggestions.

Dec 7, 2019

Auto component industry's turnover falls over 10% in H1

According to data furnished by the Automotive Component Manufacturers Association of India, the industry turnover during the period under review declined by 10.1 per cent to Rs 1.79 lakh crore ($26.2 billion) over the first half of the previous year.

Dec 7, 2019

Will DHFL depositors have respite as administrator seeks all creditors' claims?

RBI-appointed official has asked creditors including depositors to submit their claims before December 17; depositors asked to choose one of the three authorised insolvency professionals

Dec 7, 2019

China to waive tariffs on some US soybeans, pork in goodwill gesture

The tariff waivers were based on applications by individual firms for US soybeans and pork imports.

Dec 7, 2019

RBI keeps repo rate unchanged at 5.15%, real GDP growth revised to 5%

The reverse repo rate is at 4.90 percent and bank rate at 5.40 percent.

Dec 5, 2019

Govt strives to revive construction sector, focusing on generating jobs

Over the last few years, an increasing number of multi-crore infrastructure and construction projects have gotten entangled in legal issues and court proceedings.

Dec 5, 2019

Public Sector Banks disbursed Rs 4.91 lakh crore loan during Oct-Nov: FM Sitharaman

Finance Minister Nirmala Sitharaman in September asked banks to reach out to customers and signal their willingness to lend following all prudential norms to boost consumption and revive the economy.

Dec 4, 2019

RBI to make sixth interest rate cut, but will it help boost the economy?

Growing by 4.5 percent annually in the June-September quarter, down from 7 percent a year earlier, the economy is expanding well below the rate needed to generate enough jobs.

Dec 4, 2019