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Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

Home, auto, other retail loans to become cheaper: Sitharaman

The move will also lead to cheaper working capital loans for industry.

24 Aug 2019 12:48 PM IST

Reacting on Gandhis reply in Supreme Court, Defence Minister Nirmala Sitharaman said, His credibility has taken a beating. (Photo: Twitter/ ANI)

Govt to review surcharge on super-rich in 2022: Sitharaman

Govt increased surcharge from 15 per cent to 25 per cent on taxable income between Rs 2 crore and Rs 5 crore.

24 Aug 2019 12:26 PM IST

The NDA/BJP government is looking increasingly cornered on every governance paradigm. However, its weakest link is the gross mismanagement of the Indian economy. (Representational image)

Govt announces raft of measures to boost economy; more steps on anvil

The government has set fiscal deficit target of 3.3 per cent of the GDP for the current fiscal.

24 Aug 2019 12:03 PM IST

Sitharaman passed the onus of the slowing economy on US-China trade war and currency devaluation. (Photo: ANI)

India rolls back tax hike on investors; outlines steps to boost...

Sitharaman said she was confident of meeting the fiscal deficit target of 3.3 pc of GDP considering the trend in revenue...

24 Aug 2019 9:55 AM IST

Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

Banks to get Rs 70,000 crore more, system to bulge by Rs 5 lakh crore

The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh...

24 Aug 2019 1:42 AM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Home, vehicle, other retail loans to become cheaper: FM

Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.

23 Aug 2019 7:29 PM IST

According to CMIE, the labour force participation rate fell from 46.1 per cent in 2016-17 to 43.5 per cent in 2017-18. CMIEs latest estimates suggest that the number has plummeted to 42.7 per cent in the first quarter of 2018-19.

Code on Wages 2019 becomes a reality; minimum wage for 50 cr workers...

The government has notified the Code after it received assent from the President of India on August 8.

23 Aug 2019 6:20 PM IST

Niti Aayogs new Vice-Chairman Rajiv Kumar.(Photo: PTI)

'Unprecedented' situation in financial sector: NITI Aayog Vice...

GDP growth is set to slow further in April-June quarter of this year to 5.7 pc amid contraction in consumption, weak...

23 Aug 2019 10:45 AM IST

The CBT, headed by labour minister, is the apex decision-making body of the EPFO which finalises rate of interest on PF deposits for a financial year.

EPFO approves changes in Employees' Pension Scheme to restore...

The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement...

22 Aug 2019 6:46 PM IST

US President Donald Trump

Report shows US deficit to exceed USD 1 trillion next year

Federal debt, which is already high by historical standards, is on an unsustainable course, said Phillip Swagel of CBO.

22 Aug 2019 5:48 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

India's petrol imports in July hit highest in at least eight years

Petrol imports rose to 230,000 tonnes in July, the highest since PPAC data going back to 2011.

22 Aug 2019 2:59 PM IST

Shaktikanta Das

RBI minutes to cap yields; revives expectations for further policy...

RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to...

22 Aug 2019 11:55 AM IST