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Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr...

The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and...

4 July 2019 3:31 PM IST

Income support schemes the Congresss Nyay for 20 per cent of the poorest households and the BJPs PM Kisan scheme for farmers with less than two hectare of land, are both progressive social protection measures.

Economic Survey: Govt calls for new policies to improve water...

The agriculture sector had investment rate much less than half of that of services and industry sectors.

4 July 2019 3:23 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Economic Survey: GDP ratio dips to 10.9 pc on shortfall in indirect...

In 2018-19, direct taxes grew by 13.4 per cent owing to improved performance of corporate tax.

4 July 2019 3:11 PM IST

FIPB takes a call on proposals for FDI in ocuntry.

Economic Survey: Govt may further ease FDI norms to bridge current...

The deficit increased to USD 57.2 billion or 2.1 per cent of gross domestic product (GDP) in 2018-19.

4 July 2019 3:02 PM IST

Foodgrains, rice, wheat, pulses, come under Aadhaar-enabled direct benefit transfer, DBT, scheme. (Photo: PTI)

Economic Survey: Rationalisation of burgeoning food subsidy bill

Govt had pegged food subsidy bill at Rs 1,84,220 crore for 2019-20 as against Rs 1,71,298 crore last year.

4 July 2019 2:16 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

A mess: Patel admits RBI was slow to take timely measures

Patel said an asset quality review for the NBFCs is inevitable' given their interconnectedness in financial system.

4 July 2019 1:37 PM IST

Additionally, the hasty implementation of GST has again hit the economy hard, resulting in a serious economic slowdown.

Economic Survey 2018-19 highlights

India continues to remain the fastest-growing major economy in the world in 2018-19.

4 July 2019 1:30 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Economic Survey: Banking sector performance improved due to fall in...

The performance of the banking system has improved as non-performing asset (NPA) ratios declined and credit growth...

4 July 2019 1:06 PM IST

BJP leader and Union minister Nirmala Sitharaman told reporters that elections in six of the nine seats, which have undergone elections on Sunday, were marred by violence. (Photo: ANI twitter)

Economic Survey: GDP growth projected at 7 per cent for 2019-20

The growth projection is higher than a five-year low economic growth of 6.8 per cent for the year ended March 31.

4 July 2019 11:47 AM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

IMF board approves USD 6 billion loan package for Pakistan

Approval will also unlock an additional USD 38 billion from Pakistan's international partners over the programme period.

4 July 2019 10:32 AM IST

Indian Armys T-90 tanks on display at Rajpath during the 69th Republic Day Parade, in New Delhi on Friday. (Photo: PTI)

Modest rise in Indian military spending likely, modernisation on hold

Government allocated 4.31 trillion rupees (USD 62.27 billion) for defence, a 6.6 per cent rise over the previous year.

4 July 2019 10:03 AM IST

PM Modi also discussed the Budget proposals during the meeting. (Photo: ANI)

Economic Survey to chart out reform road map of Modi 2.0 govt

Govt might this year again slip on fiscal deficit front given sluggish GST collections and lower-than-expected growth in...

4 July 2019 9:31 AM IST