Tag: Indian economy
17 Results
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Centre to invest Rs 100 lakh cr in infrastructure to make India $5 trillion economy by 2024, says PM
The PM said that the Centre was delivering policy-based governance that has helped catapult the country from 142nd place among 190 nations on the World Bank's ease of doing business ranking in 2014 to 77th position this year.
August 15, 2019 -
Loans to get cheaper as RBI cuts repo rate by 35 bps to 5.4%; GDP growth rate down at 6.9%
This is the fourth reduction in repo rate during 2019.
August 7, 2019 -
FPIs pull-out over Rs 20,500 crore, even as govt adamant on super-rich surcharge
Retail traders grouse that over Rs 12 lakh crore in market cap has been eroded and FPI have over 50 countries apart from India to put in their investments.
August 3, 2019 -
India’s auto parts industry warns of 1 million job cuts if sales slowdown continues
The Automotive Component Manufacturers Association of India (ACMA) has sought a uniform GST of 18 per cent for the entire sector in order to revive the vertical which has now witnessed 10 months of continuous decline in sales.
July 25, 2019 -
India’s GDP to see 8 per cent plus growth from FY 2020-21 onwards: NITI Aayog VC
Kumar attributed the expectation in growth to the structural reforms undertaken by the government of India like the Goods and Services Tax, Insolvency and Bankruptcy Code.
July 22, 2019 -
ADB cuts India’s GDP growth forecast to 7 per cent for FY20
Overall, the South Asian outlook remains robust, with growth projected at 6.6% in 2019 and 6.7% in 2020.
July 18, 2019 -
After RBI order, State Bank of India waives IMPS, NEFT, RTGS charges
Before July 1, SBI used to charge between Re 1 and Rs 5 for transactions through NEFT, and Rs 5-50 for RTGS route.
July 12, 2019 -
Union Budget: India to become $3 trillion economy in 2019-20, pension for 3 cr traders, diesel, petrol cess up by Re 1
Further, to discourage the practice of making business payments in cash, Sitharaman proposed to levy TDS of 2 per cent on cash withdrawal exceeding Rs 1 crore in a year from a bank account.
July 5, 2019 -
Sensex reclaims 40,000-mark, Nifty nears 12,000 ahead of Sitharaman’s first Union Budget
This is the first full Budget of Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government after returning to power for the second time.
July 5, 2019 -
Economic Survey 2019: Govt predicts 7% GDP growth for 2019-20; fiscal deficit down to 5.8%
The survey outlines strategic plueprint to achieve Prime Minister Narendra Modi's vision for $5 trillion economy.
July 4, 2019 -
Goal to make India 5-trillion dollar economy by 2024 achievable: PM Modi at Niti Aayog meet
The Prime Minister urged the members of the Governing Council to help create a government setup which works and has the trust of the people.
June 15, 2019 -
Home, auto loans to get cheaper as RBI cuts repo rate by 25 basis points to 5.75%
Amid reluctance by banks to pass on the benefits of lower lending rate, RBI Governor Shaktikanta Das on Thursday said the central bank would make sure that transmission of reduced repo rate would be faster and higher.
June 6, 2019 -
Sensex crosses 40,000, Nifty above 12,000 ahead of new Cabinet meet today
The Indian Rupee opened higher by 11 paise at 69.76 per dollar versus Thursday's close 69.87.
May 31, 2019 -
Tobacco sector major contributor to Indian economy: Study
The evaluation was done through a new economic metric model unveiled by TARI to measure the total cumulative intrinsic economic value generated by a sector over the years.
May 29, 2019 -
Indian economy to grow at 7.1% in FY’20: UN report
The Indian economy, which generates two-thirds of the regional output in South Asia, expanded by 7.2 per cent in 2018.
May 21, 2019 -
Sensex touches all-time high of 39,571, Nifty at record 11,883 after exit polls predict NDA win
On Monday, the Sensex jumped by a healthy 1421.90 points, closing at 39,352.67, while the Nifty advanced by a massive 421.10 points to 11,828.25, its largest gain since 2008.
May 21, 2019 -
Exit poll impact | Sensex soars over 1,400 points, crosses 39,300 mark, Nifty up at 11,822
Most exit polls conducted by different organisations have given the BJP-led NDA full majority, even as opposition parties are dismissing these predictions.
May 20, 2019