Economy News

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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

Maruti Suzuki vehicle prices to increase from Jan 2020

According to the company, the price increase is necessitated on account of the increase in input cost. Besides, the auto major said the "price increase shall vary for different models".

Dec 3, 2019

Govt committed to attract investments through more reforms, says FM Sitharaman

Speaking at the India-Sweden Business Summit, Finance Minister Nirmala Sitharaman noted that the government had recently reduced the corporate tax rate and the Centre is in interaction with the business community.

Dec 3, 2019

No decrease in direct tax collection, went up 5% in November: Sitharaman

FM Sitharaman categorically said that there was no decrease in direct tax collection. "In fact, there is an increase of 5 per cent in the gross direct tax collection till November this fiscal."

Dec 3, 2019

As prices skyrocket, 11,000 tonnes of onions to reach India from Turkey

The MMTC had earlier signed an import deal for 6,900 tonnes from Egypt, and this consignment is expected to reach here in the next 10 days.

Dec 2, 2019

More rate cuts expected as economic growth erodes further

Initially ignoring any signs of a slowdown in the economy, the Modi government has finally woken up and is taking measure to arrest the economy from slipping further.

Dec 1, 2019