Economy news, Latest Economic News, GDP, World Economy, Indian Economy - The Hindu- Page 27

‘Bad bank’ move will not hit existing ARCs: RBI’s Das

Special Correspondent ‘Regulatory structure being upgraded’

India to clock 13.7% growth in FY’22, contract 7% this fiscal: Moody’s

PTI Moody’s had in November last year projected Indian economy to contract 10.6% in the current fiscal and return to growth of 10.8% in 2021-22 fiscal

Photograph used for representational purposes only

LPG prices increased, domestic cylinder costs ₹25 more

N.Ravi Kumar Third hike in three weeks makes refills dearer by ₹100 each

Reserve Bank of India (RBI) Governor Shaktikanta Das.

‘Growth momentum needs to be strengthened’

PTI Policy support required: MPC minutes

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Slowing economy hitting payroll creation, says SBI report

Retail inflation at 5-year high of 7.3% in December

Economic slowdown hits jobs sector: SBI report

Economy can bounce back, says PM Modi

Modi govt policies hampering India’s economic growth, foreign policy: risk firm

Japanese shares bounce back after U.S.-Iran anxiety eases

Data | Is a recovery on the cards for the economy?

The growth rate in November and December 2019, though still slow-paced, hints at a possible revival of the economy in the second half of FY20.

Chidambaram sees projected 5% growth rate as ‘exaggerated and puffery’

Advanced estimates tell ‘a story of neglect and mismanagement,’ says former Union Finance Minister

India must create 70 mn jobs to achieve $5 tn economy by 2024

140 mn jobs needed in next decade, says Shanmugaratnam

‘Mindset to blame for poor response to NPS’

Only 10 lakh employees covered, people’s view needs to change, says PFRDA

Government projects slower GDP growth

5% estimate in line with RBI forecast.

EoI, share purchase agreement for Air India’s sale approved by Group of Ministers

The EoI and the share purchase agreement would be issued in January itself.

Govt. plans to cut spending by ₹2 lakh crore to curb deficit

Lack of demand and weak corporate earnings growth in the economy led to lagging tax collections which has resulted in a revenue shortfall of about ₹2.5 lakh crore.

Oil price spike may hurt economy more, warns Chidambaram

Former Finance Minister P. Chidambaram on Monday warned that the Indian economy could face more turbulence if oil prices rose further amid mounting

Action against corrupt should not be seen as government crackdown on corporates: Modi

The PM said the attempt has been to bring transparency, efficiency and accountability in tax system, and reduce human interface with the tax department

Uncertainty in tax administration a key threat to private investments: Indian Private Equity and Venture Capital Association

Increasing risk perception about doing business in India, panel told.

Simple ITR-1 income tax return form not for those paying ₹1 lakh in electricity bill, owning house jointly

Such taxpayers will have to use different forms, which will be notified in due course

States stare at over ₹1 lakh crore revenue gap post withdrawal of GST compensation

At the time of implementation of the Goods and Services Tax on July 1, 2017, the Centre had promised to compensate states for loss of revenue for five years at an agreed formula

Explained: Why has the U.S. crippled the functioning of the WTO?

Is the World Trade Organization dying? Why does America disregard the authority of the Appellate Body?

Use working capital limits: SBI

India can become $5 trillion economy, says chairman Kumar

Use working capital limits: SBI

India can become $5 trillion economy, says chairman Kumar

Instead of corporate tax cuts, give money to the poor: Nobel laureate Abhijit Banerjee

They will spend it immediately and kick-start demand in the economy, says the 2019 Economics Nobel Prize winner.

GST compensation payment delay raised

MPs’ panel chief puts off discussion

India's Dec factory activity picks up to 7-month high but business optimism weakens

“The uptick in Indian manufacturing sector growth signaled by the latest PMI results will be welcomed by policymakers, particularly given the concerning results observed in October,” noted Pollyanna De Lima, principal economist at IHS Markit.

GST gross revenue crosses ₹1 lakh crore

Mark breached for second straight month

ATF cost up 2.6%; non-subsidised LPG price hiked by ₹19

A litre of petrol in the national capital comes for ₹75.14 while diesel is priced at ₹67.96 a litre.

US-China ‘phase one’ trade deal to be signed January 15, says Trump

Donald Trump said he would then travel to Beijing to continue negotiations “at a later date.”

Core sector output shrank 1.5% in November

The output of coal, crude oil, natural gas, steel, and electricity declined by 2.5%, 6%, 6.4%, 3.7% and 5.7% respectively, according to the data.

CAD narrows to 0.9% of GDP in July-Sept on lower trade deficit: RBI

Trade deficit shrank to $84.3 billion in the first half of FY2019-20 from $95.8 billion last year, the RBI said.

Centre unveils plans for ₹102 lakh cr. infra projects

Finance Minister’s announcement comes even as output of core infra industries shrinks for fourth straight month.

India hopes to continue FDI growth story in 2020: DPIIT

In the April-June period of the current fiscal, overseas investments increased by 28% to $6.3 billion. In 2018-19, total FDI into the country stood at $62 billion, an increase from $60.1 billion in 2017-18.

Tatas stronger, more resilient, future-ready: Chandrasekaran

There will be new opportunities, he tells staff

PAN-Aadhaar linking deadline extended till March, 2020: CBDT

This is the eighth time that the CBDT has extended the deadline for individuals to link their PAN with Aadhaar.

RBI buys ₹10,000 crore worth government securities via OMO

Stricter norms for urban co-operative banks also proposed

Indian economy likely to rebound in 2020: CII

It said that 2019 will be remembered as one where the systemic clean-up of the financial sector picked up pace.

Explained | Is the economy in really bad shape?

Is this a result of a cyclical phenomenon or has it been driven by a structural malaise arising from deficiencies in the economic framework?

FPI flows cross ₹1-lakh crore in 2019

Cumulative flows since September pegged at about ₹51,500 crore

Bank deposit cover set for increase

DICGC proposes raising cover from the current ₹1 lakh to ₹3 lakh-₹5 lakh

No extra charge on digital payments via RuPay, UPI from Jan.

Nirmala Sitharaman announced that the MDR charges for businesses with over ₹50 crore annual revenues will be waived off from January 1, 2020.

Improve corporate governance to help lift efficiency of economy, says Shaktikanta Das

Shaktikanta Das said reviving the twin engines of consumption and investment remains the key challenges.

Financial system remains stable despite weakening domestic growth, says RBI

The country’s GDP slowed to a six-year low of 4.5% in the second quarter of FY20, forcing the RBI to slash its growth forecast.

Data | The NPA situation: present perfect, but future tense

The NPA ratio for all commercial banks declined in FY19, but stressed assets inched up. Moreover, the NPA ratio of Indian banks is the poorest among emerging economies.

NPCI offers recharge option for FASTag through BHIM UPI

Any BHIM UPI-enabled mobile app would now give vehicle owners the opportunity to recharge their FASTags on the go and avoid queues at toll plazas

NITI member bats for 2 GST slabs

Frequent rate changes cause problems, annual review okay, says Ramesh Chand

DPIIT to soon issue clarification on 26% FDI in digital media sector

Deloitte India Partner Jehil Thakkar had said that clarity was needed on how to treat cases of television broadcasters that stream news online, but are allowed 49 per cent FDI

Containerised trade growth flat in Q3 2019: Maersk report

‘Trend indicates soft global uptake, weak domestic demand’

Economic revival key to banks’ health

Waning of banks’ confidence in extending loans is worrisome, the Reserve Bank says in its report

Gross NPA ratio improves to 9.1% as of September-end: RBI

Net non-performing assets of all commercial banks reduced to 3.7% in FY19 as against 6% in FY18.

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