Tag: Indian economy
17 Results
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‘Clearing path for $5 trillion economy’: Nirmala Sitharaman announces 4 mega public sector bank mergers
With today's announcement, post consolidation, India will have 12 Public Sector Banks from 27 Public Sector Banks.
August 30, 2019 -
After tax incentives, Centre brings big FDI reforms in manufacturing, digital media, single-brand retail
The Modi government has approved 100 per cent FDI in coal mining and associated infrastructure.
August 29, 2019 -
Goldman Sachs: Mild India recovery from slowdown by March next
The broking house further said it expects a moderate pick-up in economic activity.
August 28, 2019 -
National security necessary to make India $5 trillion economy: Amit Shah
His comments come days after Union Finance Minister Nirmala Sitharaman announced a host of decisions while undoing some previous decisions.
August 28, 2019 -
Rahul Gandhi slams RBI’s move to transfer Rs 1.76 lakh crore to Govt
Rahul Gandhi tweeted, "PM and FM are clueless about how to solve their self created economic disaster."
August 27, 2019 -
RBI to make Rs 1.76 lakh crore payout to Government
It's on the recommendation of an expert committee chaired by former Governor Bimal Jalan which is seen as a move to help stimulate low economic growth.
August 27, 2019 -
Committed to make India $5 trillion economy: Shah after Sitharaman’s steps to boost economy
Sitharaman on Friday announced a series of decisions including the rollback of the controversial tax surcharge on the Foreign Portfolio Investment (FPIs) announced in the Union Budget last month.
August 24, 2019 -
‘Unprecedented in 70 years’, says NITI Aayog VC, urges Govt to take steps to tackle liquidity crisis
On the issue of delay in payments by the government to the private sector in lieu of goods and services availed from them, Kumar said this could be one of the reasons for the slowdown.
August 23, 2019 -
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