Economy | The Asian Age

Thursday, Jan 21, 2021 | Last Update : 01:57 AM IST

Business Economy

Economy Page-17

Inflation probably exceeded the RBI medium-term target of 4 per cent in October for the first time in 15 months.

India’s inflation probably breached RBI target last month: report

Vegetable prices, particularly that of onions and tomatoes, will contribute significantly to the rise in inflation.

08 Nov 2019 11:00 AM

The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.

FinMin says fundamental of Indian eco robust, reforms to stimulate investments

Government of India has also proactively taken policy decisions in response to the global slowdown.

08 Nov 2019 10:21 AM

It affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.

Moody's outlook on India 'negative', govt says fundamentals in place

A credit crunch among non-bank financial institutions (NBFIs), have increased the probability of a more entrenched slowdown.

08 Nov 2019 8:56 AM

Finance Minister Nirmala Sitharaman. (Photo: File)

Nirmala Sitharaman reviews state of economy at FSDC meeting

RBI and other regulators are looking at financial at it holistically, he said when asked about stress in the financial sector.

07 Nov 2019 1:53 PM

India will secure capital, world-class technology and implement any policy reforms needed to become an international energy leader, Petroleum minister Dharmendra Pradhan said at an energy conference in New Delhi. (Photo: File)

India seeks foreign investments in oil and gas sector: Pradhan

India wants to be the new destination for global energy players, said oil minister Dharmendra Pradhan.

07 Nov 2019 12:21 PM

Indian economic growth has steadily slowed to a six-year low of 5.0 per cent in the April-June quarter from an 8.1 per cent peak in the January-March quarter of 2018.

Slowing Indian economy spells tough times ahead for the rupee: report

A barrage of rate cuts from the RBI this year has done nothing concrete so far to revive a slowing Indian economy.

07 Nov 2019 9:47 AM

India is on a steady path to becoming a five trillion dollar economy, with emphasis on ease of doing business as well as ease of living, said Union Minister Dharmendra Pradhan. (Photo: File)

Steel consumption in India set for quantum jump: Pradhan

Steel sector is becoming more efficient, environment-friendly and globally competitive supported by various government policies.

06 Nov 2019 2:37 PM

The sharp reduction in tax rates will drag heavily on revenue collection.

Fitch raises India's FY20 fiscal deficit forecast to 3.6 pc of GDP

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during FY2019-20.

06 Nov 2019 12:20 PM

According to the ISMA, mills produced 33.16 million tonne of sugar during the 2018-19 marketing year, of which sales were 25.5 million tonne.

India's sugar output likely to fall 21.5 pc in 2019-20: ISMA

ISMA had made a preliminary estimate of 28.2 million tonnes of sugar production for the 2019-20 marketing year.

05 Nov 2019 6:15 PM

Economists decided that 2009-10 was not a good year globally and domestically and finalised 2011-12 as the base year for new series of GDP.

New base year for GDP to be decided in few months

The change in base year actually captures the change in structures of the economy.

05 Nov 2019 2:59 PM

Although the Nikkei/IHS Markit Services Purchasing Managers’ Index (PMI) rose to 49.2 last month from 48.7 in September, it remained below the 50-mark threshold separating contraction from growth on a monthly basis.

India's October services activity contracts for second straight month

Last time services activity contracted for two consecutive months was in August 2017 following the GST implementation.

05 Nov 2019 12:58 PM

The council's Chairman Mohit Singla said India needs to move with optimism and caution on this mega trade agreement.

RCEP deal may hurt India's export competitiveness: TPCI

India's imports may increase by USD 29 bn annually during the post-RCEP period, implying a revenue loss by as much as 1.3 pc of GDP.

05 Nov 2019 11:54 AM

Economic growth has slipped to a six-year low of 5 pc for the June quarter and is expected to turn in lower than that in the Sept quarter.

Muted Diwali demand, GDP growth may fall to 5.8 pc: BofAML

Lack of consumption is seen as one of the key factors pulling down growth.

04 Nov 2019 4:29 PM

We have agreed to co-operate on climate protection and green urban mobility and have earmarked 1 billion euros towards this," German Chancellor Angela Merkel said in New Delhi on Saturday. (Photo: File | AP)

Germany to invest 1 billion euros for green urban mobility in India

It would be a good idea to replace diesel buses in Delhi with electric buses, said German Chancellor Angela Merkel.

02 Nov 2019 4:00 PM

The total number of GSTR 3B returns (summary of self-assessed return) filed for the month of September (up to October 30) was 73.83 lakh.

GST collections remain subdued at Rs 95,380 cr in October

The gross GST revenue collected in the month of October, 2019 is Rs 95,380 crore of which CGST is Rs 17,582 crore.

01 Nov 2019 3:52 PM

During the April-September period, the growth of core industries fell to 1.3 per cent against 5.5 per cent in the year-ago period.

Core sector output shrinks by 5.2 per cent in September

The eight core sectors had expanded by 4.3 per cent in September 2018.

31 Oct 2019 5:30 PM

South Africa, India, Mexico, Tanzania and Uruguay were among the top countries that safeguard e-money via some sort of deposit insurance or protection. (Photo: File)

India among nations with most conducive environment for financial inclusion: Report

As per the report India, Colombia, Peru, Uruguay and Mexico have the most favourable conditions for inclusive finance.

31 Oct 2019 3:06 PM

We are careful once we are negotiating with agreements trade deals. Trade is a very complex subject. We have to factor in long terms implications and therefore any engagement which will do will result in a best for the people of India for our industry, MSME sector, for job creation and employment opportunities, said Union Minister Piyush Goyal. (Photo: File)

No more FTAs signing in rush, assures Piyush Goyal

In terms of RCEP, I want to clarify that lots of wrong information are being spread, said Union Minister Piyush Goyal.

31 Oct 2019 12:54 PM

The forex reserves had risen by USD 1.879 billion to a new record high of USD 439.712 billion in the previous reporting week.

Forex reserves cross USD 440 billion mark, up by USD 1.04 billion

The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.

25 Oct 2019 7:55 PM

The report also showed that during September 2017 to August 2019, around 2.97 crore new subscribers joined the ESIC scheme.

13.08 lakh new jobs created in Aug: ESIC payroll data

Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19, the National Statistical Office (NSO) said in a report.

25 Oct 2019 7:32 PM

17 of 296

Columns

Anand K Sahay