Economy | The Asian Age

Saturday, Jun 10, 2023 | Last Update : 01:00 PM IST

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Economy | The Asian Age

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during Budget Session of Parliament, in New Delhi, Friday, Feb. 10, 2023. (PTI Photo)

FM says new tax regime has been made 'very attractive'

Nirmala said the Budget focuses on middle class, employment generation, MSMEs, agriculture sector, rural population, health and green growth

11 Feb 2023 7:22 AM

Union Finance Minister Nirmala Sitharaman speaks during a post-budget press conference, in New Delhi, Wednesday, Feb. 1, 2023. (PTI Photo/Shahbaz Khan)

FM lists 7 Budget priorities: Tax slab changes; middle class focus; Rlys boost

Finance minister gives Rs.10 lakh crore boost to building infrastructure

02 Feb 2023 7:06 AM

Finance minister Nirmala Sitharaman poses for a photograph as she leaves the Finance ministry to present the annual budget in the parliament in New Delhi. (Photo by Money SHARMA / AFP)

Sitharaman takes tablet in red pouch to Parliament to present paperless Budget

She posed for the traditional 'briefcase' picture outside her office along with her team of officials before heading to meet the President

01 Feb 2023 10:38 AM

RBI Governor Shaktikanta Das. (PTI Photo)

RBI hikes benchmark lending rate by 35 basis points to tame inflation

This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September

07 Dec 2022 10:47 AM

Finance Minister Nirmala Sitharaman chairs her first pre-budget 2023 consultation with the first group of captains from industry and experts of infrastructure and climate change, in New Delhi, Monday, Nov. 21, 2022. Union MoS for Finance Bhagwat Kishanrao Karad and Pankaj Chaudhary are also seen. (PT)

India Inc. wants I-T cuts, focus on job creation, tax slabs

CII asks the government to lower income tax rates to help revive consumption demand

22 Nov 2022 6:51 AM

At the interbank foreign exchange, the rupee opened at 80 against the American dollar, then lost ground to quote at 80.05, registering a fall of 7 paise from the last close. (PTI)

Rupee falls to all-time low of 80.05 against US dollar

The rupee opened on a weaker note on Tuesday morning weighed down by outflows and high oil prices

19 Jul 2022 10:27 AM

As per an RBI study, the weighted average tax rate under the Goods and Services Tax (GST) has come down to 11.6 per cent, from 14.4 per cent at the time of its launch. (AA File Image)

Highest 28% GST on luxury, sin goods to continue: Revenue Secy

The GST Council has set up a Group of Ministers (GoM), under Karnataka CM Basavaraj Bommai, to suggest rationalisation in tax rates and more

04 Jul 2022 11:48 PM

Finance Minister Nirmala Sitharaman chairs the GST Council meeting, in Chandigarh, Tuesday, June 28, 2022. (PTI Photo)

GST Council puts off compensation decision till August

A final decision is likely to be taken at the next meeting of the council in the first week of August

30 Jun 2022 1:27 AM

GST Council removes tax exemptions on some items

States clamour for more revenue share

29 Jun 2022 12:59 AM

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.20 per cent to 103.43. — PTI

Rupee plunges to new record low at 77.85, down 11 paise

At the interbank foreign exchange market, the local currency opened at 77.81 traded weaker, but directionless

11 Jun 2022 7:55 AM

The RBI also allowed cooperative banks to give out loans for residential projects—a move widely expected to take off some of the pressure of rising cost of funds for developers—in addition to increasing the limit of individual housing loans provided by them. (Representational Image/ AA)

RBI hikes key rate by 0.5 per cent as it tries to tame inflation

This latest increase in the key rate follows a surprise 40-bps repo rate hike on May 4

09 Jun 2022 1:12 AM

Reserve Bank of India Governor Shaktikanta Das (PTI Photo)

RBI hikes policy repo rate by 50 bps, raises inflation forecast to 6.7 per cent

This is the second hike in the policy repo rate since the being of the current financial year

08 Jun 2022 11:41 AM

With the RBI’s bi-monthly policy announcement expected to raise rates this week, markets have been gearing up for an aggressive rate hike of maybe 50 basis points. — Asian Age file image

Bond yield spikes to 7.5 per cent for first time in three years

The rate setting panel has begun its three deliberations on Monday with the outcome being announced on Wednesday

07 Jun 2022 8:03 AM

Growth in the January-March period was slower than in the previous October-December quarter of 2021-22 at 5.4 per cent, the government data showed on Tuesday. (Representational Photo:AP)

8.7 per cent growth in GDP in FY2022, Q4 dips to 4.1 per cent

Indian economy expanded at 8.7 per cent pace for the financial year 2021-22 against a contraction of 6.6 per cent in FY21

01 Jun 2022 12:53 AM

Customers buy vegetables at a market in Ahmedabad, India, September 29, 2015. (REUTERS)

Centre plans to spend additional Rs.2 L crore in one year to fight inflation

India’s retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high

23 May 2022 2:12 AM

Reserve Bank of India on Friday said that it has approved the transfer of Rs 30,307 crore as a surplus to the Union government for the 2021-22 accounting year. (AA file Photo)

RBI to transfer Rs 30,307 cr to government

The contingency risk buffer has also been retained at 5.5 per cent

21 May 2022 12:35 AM

Reserve Bank of India Governor Shaktikanta Das digitally delivers a statement. (PTI Photo)

RBI, in surprise move, hikes key rate by 0.4 per cent, EMIs might go up

The move will lead to an increase in lending rates and make retail loans, including home loans, costly

05 May 2022 2:15 AM

Merchandise exports rose 24 per cent to $38.19 billion and imports rose 26.6 per cent to $58.26 billion in April 2022 compared to the same month last year. (Representational Photo: AFP)

Exports jump by 24% in April

Higher energy prices were one of the key factors for the higher exports

03 May 2022 11:32 PM

RBI hints at end to low interest regime in June

Central bank may shift its focus to taming inflation

23 Apr 2022 1:42 AM

Union Minister for Finance Nirmala Sitharaman and Kristalina Georgieva, Managing Director, International Monetary Fund in Washington D.C. (pib.gov.in)

Nirmala meets IMF chief; discusses impact of geopolitical situation on global growth

IMF chief highlighted India's well-targeted policy mix which helped the country's economy remain resilient even with a limited fiscal space

19 Apr 2022 11:09 AM

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Farrukh Dhondy