New Delhi: Not just growing respiratory diseases but crop residue burning (CRB) has led to the economic loss of nearly $ 30 billion or Rs 2 lakh crore annually for the three north Indian states of Punjab, Haryana and Delhi every year in India, says a new study. The study[Read More…]
Economy
Delhi’s per capita income almost 3 times the national average: Economic Report
New Delhi: The per capita income of Delhi at current prices during 2018-19 was estimated at Rs 3,65,529 – about three times against the per capita income at the national level at Rs 1,25,397, according to the Economic Survey Report of 2018-19 tabled in the Delhi Assembly on Saturday. “The[Read More…]
FinMin asks six public sector banks to improve on PCA parameters
By Anjana Das New Delhi: The Finance Ministry has asked the six remaining public sector banks, currently under Prompt Corrective Action (PCA), to improve on seven parameters to get the government’s support for coming out of the PCA framework. “We have told these banks to improve upon net interest margins[Read More…]
India’s January WPI eases to 2.76%
New Delhi: India’s annual rate of inflation based on wholesale prices eased to 2.76 per cent in January from 3.02 per cent reported for the corresponding month of 2018, official data showed on Thursday. On a sequential basis, the Wholesale Price Index (WPI) data for January, furnished by the Ministry[Read More…]
India’s April-December fiscal deficit crosses 112% of target
New Delhi: India’s budgetary fiscal deficit for the April-December period stood at Rs 7.01 lakh crore or 112.4 per cent of the budgeted target of Rs 6.24 lakh crore, official data showed on Monday. The data furnished by the Controller General of Accounts (CGA) showed that the fiscal deficit during[Read More…]
Government revises GDP growth rate from 6.7 per cent to 7.2 per cent for 2017-18
The government on Thursday revised the GDP growth rate for the year 2017-18 from 6.7 per cent to 7.2 per cent. GDP growth according to Provisional Estimate stood at 6.7 per cent but First Revised Estimate shows to be at 7.2 per cent. The government will release Second Advance Estimates[Read More…]
High GDP growth, regulatory reforms will boost Indian insurance sector: Moody’s
Mumbai, The Indian insurance industry will grow strongly on the back of robust GDP growth and evolving regulations, US ratings multinational Moodys said on Tuesday. In a report titled “Insurance — India: Continued regulatory evolution is credit positive for India’s insurance sector”, the American agency projected India’s real gross domestic[Read More…]
Budget 2019 Expectations: Travel and Tourism sector demands increase in the lowest tax slab upto 5 lacs
Travel Unravel Holidays Private Limited, a travel e-commerce retail player, has put forth the demands of the industry before the ensuing Union Budget 2019-20, on behalf of the travel and tourism industry, today. Saurabh Sharma, co-Founder and Director, Travel Unravel Holidays said, “The travel and tourism sector accounts for 9.4%[Read More…]
Finance Minister Arun Jaitley to be back to present Budget on Feb 1
New Delhi, Finance Minister Arun Jaitley, who is in the US for a medical check up, will return home on Friday, well ahead of the Budget presentation on February 1, official sources said. “The Finance Minister is set to return on the evening of January 25,” said a senior official.[Read More…]
Pay packages in 2019 to rise by 10% in India, highest in Asia: Report
Pay packages in India are expected to rise by 10 per cent in 2019 with the appraisal period approaching; it seems good news for salaried people. According to a study ‘Global Salary Forecast 2019’ by Korn Ferry, this rise is the highest among all the Asian countries covered in the[Read More…]
