Economy News

Indian tax officials find Modi's targets too taxing, some quit

The target has been maintained even though Modi recently approved a massive cut in corporate taxes, which are part of direct taxes.

Nov 17, 2019

'Make in India' hub Noida to churn over 30 crore mobile phones in 5 years

Approximately 80 mobile manufacturing factories are currently operating in this region, with an estimated total employment of 50,000 people.

Nov 17, 2019

FM Sitharaman announces steps to boost liquidity, demand

Favourite whipping boys: Will millennials be next blamed for swelling bank NPAs?

After taking the taint for economy's growth woes from auto sector slowdown to retail sector trouble, millennials may now draw the flak for another round of non-performing assets surge in banks.

Nov 15, 2019

Indian Personal Computer sales grows 15.8% in Q3 of Fiscal 2020, Lenovo leads

Lenovo was followed by HP, Dell Technologies, Acer Group and Asus in the market.

Nov 15, 2019

India dependent on cash more than ever despite push to boost digital economy

Central bank data shows that since the controversial demonetization gambit, currency in circulation has grown, rising 17 percent to 21.1 trillion rupees as of the end of March 2019.

Nov 14, 2019

India's October retail inflation breaches RBI's medium-term target

Retail food prices, which make up nearly half of India's inflation basket, increased 7.89% in October from a year earlier, against 5.11% in September.

Nov 14, 2019

India's GDP growth likely to slip to 4% in Fiscal 2020: Report

As industrial production contracted stood at just 4.3 percent in September, it is the sector's worst performance since October 2011.

Nov 13, 2019

India-ASEAN bilateral trade to reach $300 billion by 2025: Report

The concentration of India's exports items to ASEAN economies is very high in the top 20 commodities.

Nov 12, 2019

EPF scam: UP economic offences wing to question Union Agriculture Secretary

According to UP Police's Economic Offences Wing, they need to record the statements of all members of the trust when the funds were invested into the Dewan Housing Finance Corporation Limited (DHFL).

Nov 11, 2019

Major NCR real estate projects to be excluded from govt stress-fund

The fund would not be used to support projects which are facing litigations in high courts and the Supreme Court.

Nov 11, 2019

Govt collects Rs 12,995.46 crore through disinvestment deals; target Rs 1.05 lakh crore

The government is looking to divest up to 25 per cent stake in another railway subsidiary - RailTel Corporation - through an IPO.

Nov 10, 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: Liquidity flows, healthy Q2 expected to push equities higher

Next week, companies like Adani Ports, Coal India, Hindalco, India Cements and Vodafone Idea amongst others are expected to announce their quarterly results.

Nov 10, 2019

india, moody, lobbied, economy, modi, budget 2017

Moody's negative outlook rating: Govt says 'India's standing unaffected'

Soon after Moody's cut India's credit rating outlook to "negative" from "stable", the government strongly reacted issuing a statement to the development.

Nov 8, 2019

AGR ruling: Firms with telecom licence tense fearing Rs 2.8 lakh crore DoT dues

All companies that have a telecom licence are worried as DoT has begun examining if the SC order that has roiled mobile service firms Vodafone and Airtel may be applicable to other firms.

Nov 7, 2019

India seeks foreign investments in oil and gas sector says petroleum minister

In an energy conference in New Delhi, Dharmendra Pradhan said that India will secure capital, world-class technology and implement policy reforms to become an international energy leader.