The survey will be a reflection of the present state of the Indian economy.
Ranchi: The Jharkhand government has suffered a loss of Rs 1.07 crore due to widespread misuse of a scheme that allows registration of property worth Rs 50 lakh by women at only Re 1 stamp duty. Launched by the state’s Raghubar Das government in June 2017, the scheme made registration[Read More…]
Income tax collections have been lower than expected which also does not support any possibility of raising the exemption limit.
Sitharaman will meet state finance ministers in the forenoon and seek their suggestions on union budget for FY20.
On Wednesday, Deputy Chief Minister Sushil Modi, who is also the state’s finance minister, directed banks and financial institutions to be proactive in providing loans for higher investment at SLBC meeting.
Reduced rates will be effective from July 1 this year and it would benefit 3.6 crore employees and 12.85 lakh employers.
Former CEA said there is a possibility of substantial overestimation in growth figures while stating that actual GDP growth between 2011-12 & 2016-17 was around 4.5%
The number of ATMs in India dropped to 2,21,703 as on March 31, 2019 from 2,22,300 at the end of 2017, recording a decrease of 597 ATMs
RBI had announced that a liquidity coverage ratio (LCR) would apply to Indian non-bank financial institutions (NBFIs) starting April 1, 2020.
Four key economic issues are awaiting formation of government as the Modi 2.0 is faced with a slowdown, slack in demand, consumption and investment.
“The US has raised the tariff on the $200 billion of China’s exports to the US from 10 per cent to 25 per cent,” the Ministry said in a statement
New Delhi: The Prime Minister’s Office (PMO) this week reviewed the 59-minute loan scheme for micro, small and medium enterprises (MSMEs) with the Finance Ministry officials and asked them to increase disbursals. Sources said since November last year, when the scheme was launched, Rs 37,870-crore loans were disbursed till March[Read More…]
New Delhi: The Supreme Court on Friday gave the RBI “one last opportunity” to disclose annual inspection reports of banks as it just stopped short of issuing a contempt notice against RBI Governor Shaktikanta Das, and ordered the Reserve Bank of India to diclose the wilful defaulters’ list under the[Read More…]
New Delhi: The RBI could soon start discussions to break away from the convention of reducing key policy rate by 25 basis points or multiples thereof shortly with stakeholders like lenders, domain experts and within the Central Bank. “There is a need to consider interest rate adjustments, not necessarily in[Read More…]
New Delhi: The travel spend in India is expected to grow at 13 per cent to a total of $136 billion by 2021, said a new report by Bain & Company and Google India on Tuesday. According to the “How Does India Travel” report, the Indian traveller spent around $94[Read More…]
New Delhi: The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) and Google India Digital Services Private Limited to file a reply on the plea alleging Google Pay not being listed as an authorised operator as per list of the ‘Payment System Operators’. A division bench[Read More…]
The Indian economy may be moving towards a slowdown as the country has off-late witnessed a drop in several key economic indicators, experts said. After a fall in auto sales, a shortfall in collection of direct taxes among others, now household savings in the country too have declined. In proportion[Read More…]
A monthly survey by Nikkei purchasing managers’ index on Thursday showed that Services sector, the largest sector of the Indian economy, is growing with slower pace. Growth rate of the services fell to six-month low in March 2019. Nikkei India Services Business Activity Index PMI fell to 52 in March from 52.5, indicating slowest[Read More…]
Mumbai: In the first monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent. Muted growth and subdued inflation prompted the Reserve Bank of India (RBI) on Thursday[Read More…]
New Delhi: In a huge relief to the regulated sector, the Supreme Court on Tuesday struck down as ultra vires the controversial Reserve Bank of India (RBI) circular mandating resolution of loans of Rs. 2,000 crore and above even for a single day. “We have declared RBI circular ultra vires,”[Read More…]
Jaipur: Congress president Rahul Gandhi on Tuesday said that former Reserve Bank of India governor Raghuram Rajan was among top economists who were consulted in the process of coming up with the draft of party’s minimum income guarantees scheme called Nyuntam Aay Yojana (NYAY), according to which 20 per cent[Read More…]
On Tuesday, former RBI Governor Raghuram Rajan expressed doubts over the Indian economy creating not enough jobs still growing at 7 per cent. Rajan said, he had no idea what statistics are pointing at currently and “a revamp” was needed “to really figure out what India’s true growth rate is.” Former Chief[Read More…]
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…]
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…]
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…]