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  Business   Economy  15 Oct 2017

Business, Economy, 15 Oct 2017

IMF not endorsing universal basic income model in India

The reports emerged after the IMF said said the UBI will outperform the PDS in terms of coverage, progressivity, and generosity.

15 Oct 2017 6:44 PM

RBI refuses to share details of Swachh Bharat logo on Rs 500, Rs 2,000 notes

The RTI query was filed with the Department of Economic Affairs -- that deals with the policy formulation in respect of currency.

15 Oct 2017 5:49 PM

Group of ministers meet today to discuss GST composition scheme

The 5-member GoM, under Assam Finance Minister Himanta Biswa Sarma, has also been tasked to revisit GST rates for restaurants.

15 Oct 2017 5:20 PM

RBI likely to cut rate in December post September's steady inflation: BofAML

As per Consumer Price Index (CPI) data, retail inflation came in at 3.28 per cent in September.

15 Oct 2017 4:28 PM

FinMin working on capital infusion plan for PSBs, may finalise by Dec

The Department of Financial Services is assessing the capital needs of various banks based demands made by them, sources said.

15 Oct 2017 3:47 PM

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India starts on implementation of motor pact with Bangladesh, Nepal: Gadkari

The minister said that Bhutan has suggested that Bangladesh, India and Nepal may consider implementation of the MVA.

15 Oct 2017 1:41 PM

IMFC warns against complacency, says global economic recovery incomplete

The IMFC in a communique issued on Sunday, said there has been a notable pickup in investment, trade, and industrial production.

15 Oct 2017 12:34 PM

India's GDP likely to grow 7 per cent in FY18: Niti Aayog Chairman

The Niti Aayog vice chairman said the country did very well from 2007-13 and the downward cycle started in 2013-14.

15 Oct 2017 11:52 AM

Never talked about fiscal stimulus: Jaitley

The Finance Minister said that gradually India has been moving on a glide path, which will continue.

15 Oct 2017 11:32 AM

FPIs invest USD 1.5 billion in debt markets in October in two weeks

According to latest depository data, FPIs invested a net sum of USD 1.57 billion in debt markets during October 3-13.

15 Oct 2017 11:15 AM

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Oil payment, other issues with Iran resolved: Jaitley

Finance Minister Arun Jaitley also said that the Chabahar Port is very 'strategic' for India as it will serve both Iran and Afghanistan.

15 Oct 2017 10:26 AM

IMF chief hails note ban, GST, says Indian economy on 'solid track'

The comment comes days after the IMF lowered its growth forecast for the current and the next year

15 Oct 2017 9:47 AM

Govt carrying out right economic policy, not populism: Arun Jaitley

The finance minister took a shot at his critics who claim that demonetisation has hurt the Indian economy -- at least in the short-run.

15 Oct 2017 9:38 AM

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