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We expect that the budget will provide a strong impetus for skill development which would greatly add to service sector activities, particularly for construction, professional services and healthcare.

India's service sector activity growth hits 5-month high in Dec: PMI

The Composite PMI Output Index that maps both the manufacturing and services sector, rose from 52.7 in November to 53.7.

6 Jan 2020 11:27 AM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

Indian bonds gain as RBI widens special open market operation

Market participants broadly expect the government to announce a 0.4 per cent-0.6 per cent slippage in fiscal deficit.

4 Jan 2020 12:29 PM IST

Free Trade Agreements (FTAs) have not benefitted India much. Exports to countries with whom India has entered into FTAs have grown by a meagre 10 per cent in FY19, while the imports have grown by 27 per cent.

Exports to rebound in 2020 but growth to remain subdued

Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.

28 Dec 2019 12:38 PM IST

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)

Inflation leaves consumers teary-eyed as pricey onions, food items...

For most part of 2019, the government was successful in price control but the party seemed to have lost the sheen...

27 Dec 2019 1:14 PM IST

The dates for filing the reconciliation statement has also been extended accordingly.

Niti Aayog member bats for 2 GST slabs, says rates should not be...

Central government is providing a subsidy of Rs 1.2 lakh cr and the states put together spend about Rs 1 lakh crore.

25 Dec 2019 3:07 PM IST

Thanks to the GST rate cut, consumer durables, which have been witnessing a slower growth for the past six quarters, are expected to return to double-digit growth with the sentiments improving during the festival season.

Consumer durables report steady growth in 2019; slowdown a threat in...

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per...

23 Dec 2019 9:34 AM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch cuts India GDP growth forecast to 4.6 pc in FY20

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth...

20 Dec 2019 5:04 PM IST

A recent announcement by the countrys chief executive that the government will be focusing on the Ease of Doing Business Index ranking was a welcome development. (Representational image)

DPIIT optimistic of India breaking into top 50 in 'ease of doing biz'...

India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.

19 Dec 2019 5:33 PM IST

Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market, KPMG India national head (Financial Services) Gayathri Parthasarathy said in the report. (Photo: Representational)

Room for strong growth for microfinance in India: KPMG

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35...

19 Dec 2019 11:49 AM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

GST Council fixes 28 per cent uniform tax rate for lottery

The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017.

19 Dec 2019 9:17 AM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

Govt sets Rs 1.1 lakh cr monthly GST collection target; asks taxmen to...

Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.

17 Dec 2019 5:43 PM IST

Impact of GST will take time to show results: Bibek Debroy

Collections under the GST, which was introduced in July 2017, has remained mostly below the target.

17 Dec 2019 12:07 PM IST