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Economy

GST collection grows 9% to Rs 1.87 lakh crore in October

GST collection grows 9% to Rs 1.87 lakh crore in October

Sat, Nov 02, 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Tue, Oct 22, 2024

India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday.

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

Thu, Oct 17, 2024

India is poised to be the third largest global economy by 2030 but its rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday.

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Economic activity hit by Covid-19 pandemic may be gradually returning back to normal levels

Economic activity hit by Covid-19 pandemic may be gradually returning back to normal levels

Sun, Oct 11, 2020

Economic activity hit by Covid-19 pandemic may be gradually returning back to normal levels of last year as tendering activity, a good barometer to gauge the level of economic activity, growing by a staggering 43 per cent in September as compared to same month last year.

Trade bodies urge Centre to set up shipping regulator to control surging freight charges

Trade bodies urge Centre to set up shipping regulator to control surging freight charges

Sat, Oct 10, 2020

Several trade bodies have urged the Centre to set up a regulator to deal with the rising freight charges, amid the problem of container shortages that exporters are facing.

RBI MPC: Keki Mistry of HDFC talks to Anil Singhvi, lauds RBI credit policy

RBI MPC: Keki Mistry of HDFC talks to Anil Singhvi, lauds RBI credit policy

Fri, Oct 09, 2020

While the stock market of India cheered the RBI credit policy after showing immediate jump, Zee Business Managing Editor Anil Singhvi continued taking views from the captains of commerce in India.

RBI Monetary Policy Highlights and Full Statement: Shaktikanta Das led MPC keeps repo rate at 4 pct

RBI Monetary Policy Highlights and Full Statement: Shaktikanta Das led MPC keeps repo rate at 4 pct

Fri, Oct 09, 2020

The repo rate, RBI's key lending rate, stayed put at 4.0%, while the reverse repo rate or the key borrowing rate stayed at 3.35%.

RBI Credit Policy: Anil Singhvi predicts status quo in key rates; Governor Shaktikanta Das view on economy is important, says Market Guru

RBI Credit Policy: Anil Singhvi predicts status quo in key rates; Governor Shaktikanta Das view on economy is important, says Market Guru

Fri, Oct 09, 2020

RBI Credit Policy: Amid stock market showcasing strong upside moves, the Reserve Bank of India (RBI) Governor Shaktikanta Das and RBI MPC's views on the economy post-Covid is important.

RBI Policy Review: Despite new members, MPC expected to maintain old stance

RBI Policy Review: Despite new members, MPC expected to maintain old stance

Thu, Oct 08, 2020

Despite the addition of new members with diverse academic backgrounds, persistently high inflation will deter the Reserve Bank`s Monetary Policy Committee (MPC) from administering a dose of a lending rate cut, experts opined

Donald Trump urges Congress to provide $25 billion payroll bailout for US airlines

Donald Trump urges Congress to provide $25 billion payroll bailout for US airlines

Thu, Oct 08, 2020

US President Donald Trump said late on Tuesday Congress should quickly extend $25 billion in new payroll assistance to U.S. passenger airlines furloughing thousands of workers as air travel remains down sharply amid the coronavirus pandemic.

India's Sept merchandise exports rise over 5% YoY

India's Sept merchandise exports rise over 5% YoY

Sat, Oct 03, 2020

India`s merchandise exports in September rose by 5.27 per cent on a year-on-year basis, official data showed on Friday.

As India's exports grew by 5.7 pct in Sept, know top performers and more here

As India's exports grew by 5.7 pct in Sept, know top performers and more here

Sat, Oct 03, 2020

India’s merchandise exports grew by 5.7% to $27.4 billion in September and trade deficit declined to $2.91 billion from $11.69 billion in the corresponding month last year.

Indian consumers most positive about economic rebound: IBM study

Indian consumers most positive about economic rebound: IBM study

Tue, Sep 29, 2020

About 39 per cent of Indian consumers believe that the economy will slowly recover over the next few months followed by a sharp rebound returning to pre-Covid levels by the end of 2020, in comparison with the global average of 32 per cent, said an IBM study on Monday

Record 2.72 lakh new PNG connections provided in FY20

Record 2.72 lakh new PNG connections provided in FY20

Tue, Sep 29, 2020

Indraprastha Gas Ltd, the gas retailer in the national capital and cities around it, on Monday said it gave out record 2.72 lakh new connections for piped cooking gas to household kitchens during the financial year 2019-20

Temp GST compensation retention isn't ''diversion'' of cess: Fin Min sources

Temp GST compensation retention isn't ''diversion'' of cess: Fin Min sources

Sat, Sep 26, 2020

Reacting to the CAG report regarding `diversion of funds` meant for GST compensation, Finance Ministry sources said on Saturday.

Rajan, Acharya suggest disbanding govt's finance arm; Fin Min official denies any such proposal

Rajan, Acharya suggest disbanding govt's finance arm; Fin Min official denies any such proposal

Thu, Sep 24, 2020

In view of improving performance of public sector banks, former RBI Governor Raghuram Rajan and former Deputy Governor Viral Acharya, in a study paper have suggested slew of measures including disbanding of Department of Financial Services in Ministry of Finance.

Odisha sees 21 pct growth in farmers' registration for kharif paddy procurement

Odisha sees 21 pct growth in farmers' registration for kharif paddy procurement

Tue, Sep 22, 2020

Odisha has witnessed a 21 per cent growth in farmers' registration for procurement of paddy under the minimum support price scheme for the 2020-21 kharif season.

Fed touts economic recovery, vows to keep interest rates low

Fed touts economic recovery, vows to keep interest rates low

Thu, Sep 17, 2020

The Federal Reserve on Wednesday vowed to keep interest rates near zero until inflation is on track to overshoot the U.S. central bank`s 2% target.

Domestic tiles demand likely to remain weak in current fiscal: Icra

Domestic tiles demand likely to remain weak in current fiscal: Icra

Tue, Sep 08, 2020

Exports are a silver lining and will continue to support the demand, as witnessed by robust growth of 33 per cent in last two fiscal, owing to improved competitiveness of Indian tile players, following large investments in technology upgradation and the imposition of anti-dumping duty on China by some importing countries, according to Icra.

Days after Goyal letter, 5 states clear land for dedicated freight corridor

Days after Goyal letter, 5 states clear land for dedicated freight corridor

Tue, Sep 08, 2020

In his letter to Uttar Pradesh Chief Minister Yogi Adityanath, Goyal had highlighted a slew of problems including pending road over bridges (ROB), hindrances in physical possession of land in areas like Muzaffarnagar, Meerut and Saharanpur among others due to agitation, arbitration cases, demand for compensation and jobs by villagers, undue demand of lease rent by the Uttar Pradesh Forest Department and protests by villagers over building of ROBs in Mirzapur district.

Exclusive: Oil ministry seeks financing avenues for strategic petroleum reserves phase 2 projects under PPP mode, sources say

Exclusive: Oil ministry seeks financing avenues for strategic petroleum reserves phase 2 projects under PPP mode, sources say

Tue, Sep 08, 2020

Under phase 2, the government has given its nod for the construction of an additional 6.5 mt of strategic crude oil reserves at Padur in Karnataka with the capacity of 2.5 mt and at Chandikhol (4 mt) in Odisha.

Government sets out to decriminalise GST laws

Government sets out to decriminalise GST laws

Sat, Aug 29, 2020

After company law, the government has now set out to decriminalise various offences under the GST laws to improve ease of doing business and ensure better compliance.

India needs more global sized banks to help country achieve USD 5 tn economy: CEA

India needs more global sized banks to help country achieve USD 5 tn economy: CEA

Mon, Aug 24, 2020

Chief Economic Adviser KV Subramanian on Sunday said that India needs more global sized banks to help the country achieve USD 5 trillion economy by 2024-25.

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