Economy news, Latest Economic News, GDP, World Economy, Indian Economy

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Budget

Budget 2019-20: Finance Minister must be congratulated for not resorting to populist measures

Union Budget 2019-20: Government eases angel tax norms

Start-ups filing requisite declarations will not be subject to any kind of scrutiny in respect of valuations of share premium

Union Budget 2019-20: Petrol, diesel levies hiked by ₹2 per litre

Industry officials say that the effective increase in the price paid by the consumers will likely be more than ₹2 per litre.

Union Budget 2019-20: Budget proposes higher income tax on rich

Finance Minister suggests hike in surcharge on taxable income from ₹2 crore to ₹5 crore by 3%, ₹5 crore and above by 7%

Budget 2019-20: KYC norms for foreign portfolio investors to be investor-friendly

Foreign investors a key source of capital to the Indian economy, says Nirmala Sitharaman

Budget 2019 clear that Centre will keep tempo up on infrastructure spending

This is a directional budget that is heavy on intent but not equally forthcoming on commitments.

Budget 2019-20 first take: The road to rural prosperity

“Sustainability has largely remained at the centre of this Budget”.

Union Budget 2019-20: Aadhaar can be interchanged with PAN for filing tax returns

Proposal to give unique identity number expeditiously to visiting NRIs

Union Budget 2019-20 first take: Moving strategically to a $5-trillion economy

“It is heartening to see the continued focus on Farmer Producer Organisations. Expanding the pool of FPOs by 10,000 will help the farming communities immensely to stay in-tune with the market pulse”.

Union Budget proposes simple KYC norms for FPIs, higher public holding limit

She said a number of steps would be taken in consultation with RBI and SEBI to deepen the corporate bond market.

NRIs welcome Nirmala Sitharaman’s announcement on Aadhaar card in Budget

Say difficulty in getting the important card will now go

Budget 2019 | Petrol, diesel to be costlier; tax on super-rich, gold imports

The Union Finance Minister also proposed to made Aadhaar and PAN interchangeable for the purpose of filing Income Tax returns

Budget 2019: Proposal to expand women SHG interest subvention to all districts

We want to going beyond just women-centric politics to women-led initiatives, says the Union Finance Minister

Urjit Patel admits RBI was slow to take timely steps

Current capital buffers not enough to tackle huge amount of stress, he says

FDI needed to spur the virtuous cycle in India, says CEA Krishnamurthy Subramanian

Foreign savings can start investment, boost jobs, says CEA

Survey calls for tax cuts, space for hotels in infra boost to tourism

Need to sensitise States on sector’s push in rolling out jobs

Economic Survey 2018-19 calls for improvement in contract enforcement regime

‘Economic activity affected by delays across legal landscape’

Well-designed minimum wage system required to reduce wage inequality, says Economic Survey 2018-19

Economic Survey 2018-19: calls for streamlining the complex mechanism.

Economic Survey 2018-19 makes tall claims: Opposition

Glosses over plight of millions, whitewashes terrible economic record of past five years: Yechury

Economic Survey 2018-19: Private funds needed for Swachh Bharat

100% safe disposal of waste targeted.

Economic Survey 2019 in six charts

India continued to be the fastest growing major economy in the world and ranks third in terms of size after the U.S. and China.

Govt attempts fresh focus on FTAs, talks with U.S., EU and ASEAN negotiators next week

In 2017, PM Modi and the EU leadership had declared they would restart “talks about the talks”, but were unable to break the deadlock, mainly over what baseline will be used to restart the talks.

Economic Survey lays out blueprint for $5 trillion economy

Notably, the Survey made the point that data must be viewed as a public good and used in a concerted way to deliver services.

Debt recovery mechanism strengthened with IBC, says Economic Survey

The Insolvency and Bankruptcy Code (IBC) is one of the most important economic reforms of recent times and the debt recovery mechanism has

Gross tax to GDP ratio dips to 10.9% in FY’19

In 2018-19, direct taxes grew by 13.4% owing to improved performance of corporate tax.

Economic Survey suggests merging of different datasets held by govt

The governments already held a rich repository of data about citizens, but these data were scattered across numerous government bodies.

Economic Survey 2018-2019 proposes to raise retirement age

Size of the elderly population is expected to nearly double from 8.6% in 2011 to 16% by 2041.

Economic Survey 2019 highlights | 8% GDP growth needed for PM’s $5-trillion economy target

Survey suggests merging distinct datasets held by govt.

Items not declared? You can still pay GST

The Finance Ministry on Wednesday issued a slew of clarifications regarding the filing of annual returns under the Goods and Services Tax (GST) in a

Team from U.S. Trade Representative office to visit Delhi next week

Senior officials from the Office of the United States Trade Representative (USTR) will visit New Delhi next week for trade talks with their Indian

Demonetisation had no effect on Indian economy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said economic growth is high on the agenda of the government and various reforms are being undertaken in many spheres to improve GDP growth.

Automobile sales continue to slump

Poor consumer sentiment drives figures down a spiral in June; only Mahindra’s PVs buck trend

Manufacturing PMI dips to 52.1

‘Softer rise in new orders led to slower increase in output’

Core sector growth slows to 5.1%

For May, refinery sector leads slowdown with 1.5% contraction; steel grows 19.8%

GST collection dips below ₹1 lakh crore

While the GST collections in June were lower than ₹ 1,00,289 crore in May, they were higher than ₹ 95,610 crore receipts in the same month of the previous year

Key investment metric

What is Net Asset Value?The Net Asset Value (NAV) is typically used in the context of mutual funds and exchange traded funds.NAVs offer a transparent

Five things to do before retirement

A lot of hard work is involved if you wish to retire with financial comfort

‘RBI rate cut impacts only a percentage of bank’s cost of funds’

Federal Bank CEO says he believes a 25-50 bps cut is possible this year

From baby steps to giant strides, GST gains momentum

The historical tax reform, which marks its second year today, has offered stakeholders a mixed bag thus far

News Analysis: Procedural concerns in focus as GST enters third year

Industry groups seek simplification of registration and return filing to build on the gains; revenue trend in recent months signal turnaround

What is black money, and why is it to so difficult to quantify it?

What are the steps the government can take to quantify unaccounted income?

Low oil price, food supply kept inflation low: Viral Acharya

Amended RBI Act set target at 4%

HUL sets up council for digital transformation

Have 5-pronged strategy to thrive in new world, says CMD

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