Economy

The finance minister pegged the revenue deficit and fiscal deficit at Rs 11,687 crore (2.02 per cent of GSDP) and Rs 19,658 crore (3.40 per cent of GSDP) for the 2019-20. (Photo: File)

No new tax in Punjab budget, focus on agriculture, health, education

The total outstanding debt of the state has been projected at Rs 2,29,612 crore for 2019-20 as against Rs 2,12,276 crore for 2018-19.

18 Feb 2019 3:38 PM

Indian delegation to Saudi Arabia pitches for trade cooperation

The bilateral trade between the countries during April-November 2018 stood at USD 23.24 billion.

18 Feb 2019 3:16 PM

RBI Governor Shaktikanta Das. (Photo: File | PTI)

Will meet bank heads on Feb 21 on transmission of rate cut: Shaktikanta Das

Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.

18 Feb 2019 1:12 PM

The capital infusion comes at a time when NPAs are declining and recoveries are improving.

Liquidity constraints continue in the market despite bank recoveries: FICCI-IBA

At the same time, over 90 per cent of respondents said infrastructure continues to remain a key sector with high NPAs.

18 Feb 2019 11:48 AM

The two main items imported from Pakistan are fruits and cement, which attracted customs duty of 30-50 pc and 7.5 pc.

Cement, fruit shipments from Pakistan among 10 most hit imports after duty hike

Total India-Pakistan trade has increased marginally to USD 2.41 billion in 2017-18 as against USD 2.27 billion in 2016-17.

18 Feb 2019 11:07 AM

During 2017-18, the shipments grew by about 10 per cent to USD 303 billion. (Photo: File)

FIEO suggests series of measures to boost exports

Since 2011-12, India's exports have been hovering around USD 300 billion.

17 Feb 2019 4:29 PM

THe ambitious scheme is targeted at unorganised sector workers with monthly income of up to Rs 15,000. (Photo: File)

Unorganised workers can now subscribe to Rs 3,000 monthly pension scheme

The ambitious social security scheme was announced by Finance Minister Piyush Goyal in the Interim Budget 2019-20.

17 Feb 2019 2:12 PM

The government has sold as much as 3 per cent stake in Axis Bank held via SUUTI through an offer for sale (OFS) and raised about Rs 5,300 crore. (Photo: AFP/Representational)

Disinvestment proceeds touch Rs 53,558 cr

The government's disinvestment proceeds have touched Rs 80,000 crore, in the previous fiscal.

17 Feb 2019 2:05 PM

Of the total imports during January 2019, non-coking coal shipments were 12.35 MT and coking coal at 3.53 MT. (Photo: PTI)

India's coal import rises 5 per cent to 190 MT in Apr-Jan

Coal imports were at 180.61 (MT) in the April-January period of the previous fiscal.

17 Feb 2019 12:52 PM

It said that boom in e-commerce and organised retail will enhance the growth of plastic packaging and per-capita consumption in the years to come. (Photo: Twitter)

India's packaging industry to touch USD 72.6 bn by FY20: ASSOCHAM-EY study

The industry was USD 31.7 billion in 2015.

17 Feb 2019 12:44 PM

The imports of the total finished steel grew 1.5 per cent to 6.55 MT during April-January of 2018-18, compared with 6.45 MT in the year-ago period. (Photo: File)

Finished steel exports fall 37 pc, imports grow 1.5 pc in Apr-Jan

The country had exported 8.22 MT of finished steel during the corresponding period a year ago, the Joint Plant Committee (JPC) said.

17 Feb 2019 11:55 AM

Between April and November 2108, the central bank had net sold USD 26.51 billion in the spot market against net purchase of USD 18.017 billion in the same period in 2017. (Photo: File)

First time in FY19, RBI becomes net buyer of dollars in Dec

The central bank bought USD 837 million and sold USD 230 million in the spot market during the reporting month.

17 Feb 2019 11:34 AM

On Thursday, India lost 40 CRPF jawans in the attack carried out by the Jaish-e-Mohamad, a Pakistan-based terror group. (Photo: PTI)

Pulwama attack: India hikes customs duty to 200 per cent on imports from Pak

On Friday, India announced withdrawal of Most Favoured Nation (MFN) status to Pakistan.

17 Feb 2019 10:35 AM

In the full financial year 2017-18, companies had raised 6 lakh crore through the route. (Representational image)

India Inc raises Rs 4.57 lakh cr via debt pvt placement in Apr-Jan FY19

Firms raked in Rs 4,56,962 crore during the April-January period of 2018-19 via private placement of corporate bonds.

15 Feb 2019 5:09 PM

New Delhi defends the measures on e-commerce as a way to protect the interests of small businesses.

US, India hold talks to calm trade tensions, Ross joins by video

Washington has also had a longstanding grievance with India over its large trade deficit with the United States.

14 Feb 2019 5:28 PM

WPI data further revealed that wholesale based price inflation for 'fuel and power' segment fell sharply to 1.85 per cent.

WPI inflation hits 10-month low, drops to 2.76 per cent in January

WPI-based inflation stood at 3.8 per cent in December, 2018, and 3.02 per cent in January 2018.

14 Feb 2019 12:47 PM

Over 15.73 crore loans amounting to Rs 7.59 lakh crore have been extended by MLIs under PMMY.

NPA under Mudra Yojana stands at Rs 7,277 crore

Almost 73 per cent of the loans under PMMY have been extended to women borrowers.

13 Feb 2019 10:20 AM

Total authorisation aggregating to Rs 1,156.80 crore without obtaining approval of Parliament, as per the report.

Finmin spent Rs 1,157 cr extra in 2017-18 without obtaining prior approval: CAG

The Department of Economic Affairs under finance ministry failed to obtain legislative approval for augmenting provision.

12 Feb 2019 2:53 PM

This ETF sale would be for a single day, in which both institutions and retail investors can participate. (Representational Image)

Bharat-22 ETF additional sale on Feb 14, govt to raise at least Rs 3,500 cr

The government has so far raised Rs 22,900 crore through the Bharat-22 ETF.

12 Feb 2019 12:33 PM

India to grow at a faster pace; could be second-largest economy by 2030: PM

India has shown tremendous resilience as an anchor of the world economy, says PM Modi.

11 Feb 2019 12:32 PM