Economy | The Asian Age

Monday, May 06, 2024 | Last Update : 09:13 PM IST

Business Economy

Economy Page-26

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

Gold prices are ruling at around Rs 39,000 per 10 gram on this Dhanteras, as against Rs 32,690 per 10 gram on the same day in 2018.

Jewellery sale sees no sparkle this Dhanteras

However, organised jewellers are hopeful of good footfalls later in the day as many people are taking delivery of pre-booked orders.

25 Oct 2019 2:41 PM

Finance Minister Nirmala Sitharaman, while talking to reporters, said states too will have to make efforts in improving the business climate in India, especially with regard to property registration. (Photo: File)

Sitharaman promises further GST simplification to help India improve biz ranking

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.

24 Oct 2019 4:07 PM

I am confident that this momentum of business reforms will be maintained and India will be among top 50 destinations as was envisioned by our PM, said CII Director General Chandrajit Banerjee. (Photo: Representational Image)

Improvement in ease of doing biz ranking outcome of Modi govt's reforms: India Inc

Industry bodies exuded confidence that India will climb the rankings further to be among the top 50 nations.

24 Oct 2019 3:18 PM

The projection is lower than 6.1 per cent that the Reserve Bank of India (RBI) had forecast in early October.

Fitch cuts India's FY20 GDP growth forecast to 5.5 per cent

GDP expansion will pick up to 6.2 per cent in the next financial year (2020-21) and to 6.7 per cent in the year after.

24 Oct 2019 2:20 PM

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

RBI may cut rates in December: report

A modest overshoot in recent inflation outruns is outweighed by downside risks to RBI's growth estimates.

24 Oct 2019 1:10 PM

We had GST (goods and services tax). We had IBC (insolvency and bankruptcy code). All these reforms have been implemented in last three years. And as a result, we are in a transition period. A lot of cleanup has happened in the corporate sector, said SBI Chairman Rajnish Kumar. (Photo: File)

Indian economy in transition phase, growth to come back: SBI Chairman

Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.

24 Oct 2019 12:36 PM

Commerce and Industry Minister Piyush Goyal.

India's open FDI policy offers conducive environment for Swedish businesses: Goyal

Goyal also invited all companies to come forth with new and innovative technologies for the India Railways.

24 Oct 2019 8:53 AM

Now with the inclusion of Kolkata and Bengaluru, Indian ranking in the World Bank's report will present a much better picture, the official said. (Photo: Representational Image)

Kolkata, Bengaluru to be included in World Bank's doing business report

The report ranks 190 nations based on ten parameters, which includes ease of starting a business, construction permits among others.

23 Oct 2019 5:22 PM

The report said traditional and modern retail, including e-commerce, have their own merits that must be integrated to provide a common platform.

Govt, industry must collaborate for digitisation of kirana stores: Report

It also said there is a need to focus on rural markets as overlooking of non-urban centres may lead to undesirable results.

23 Oct 2019 12:29 PM

As per the latest depositories data, foreign investors put in a net sum of Rs 4,970 crore in equities.

FPIs pour in Rs 5,072 cr into Indian capital markets in October so far

The markets are extending gains in the hopes of better quarterly results.

21 Oct 2019 11:39 AM

The forex reserves had increased by a higher USD 4.24 billion to a new high of USD 437.83 billion in the previous reporting week.

Forex kitty nears USD 440 billion; touches fresh-life high

The country's reserve position with the Fund also increased by USD 7 million to USD 3.623 billion, the data showed.

19 Oct 2019 1:12 PM

It (India) is one of the fastest growing (economies) even today. It has the best skilled manpower and a government that is continuously doing what is required in the name of reforms, above all democracy and rule of law, FM Nirmala Sitharaman said on Wednesday. (Photo: File)

No better place to invest than in India: Sitharaman

She assured international investors at an interaction session that the government was continuously working to bring reforms.

17 Oct 2019 8:58 AM

Economic slowdown cyclic in nature; right time to invest in India: Goyal

Our economy is like any other economy in the world... challenges have grown (in recent times), said Minister Piyush Goyal.

15 Oct 2019 5:20 PM

The inflation print for vegetables shot up to 15.40 per cent during the month. (Representational Image)

Retail inflation rises to 3.99 pc in Sep on costlier food items

The price rise in the food basket was recorded at 5.11 per cent in September, as against 2.99 per cent in the preceding month.

14 Oct 2019 9:46 PM

The rate of price rise for the food articles was at 7.47 per cent during the month.

WPI inflation eases to 0.33 per cent in September

The annual rate of inflation, based on monthly wholesale price index was at 5.22 per cent in September 2018.

14 Oct 2019 12:50 PM

FPIs flows will depend on the corporate earnings, global trade developments and government actions to curb the slowdown in the economy.

FPIs pull out over Rs 6,200 crore in October so far

Foreign investors pulled out a net amount of Rs 4,955.2 crore from the equities and Rs 1,261.9 from the debt segment.

14 Oct 2019 11:52 AM

India’s industrial output also shrank at its fastest rate in more than six years in August.

World Bank slashes India's growth forecast to 6 per cent for this fiscal year

Asia’s third-largest economy is currently growing at its slowest pace in 6 years, expanding by just 5 pc in the April-June quarter.

14 Oct 2019 9:15 AM

26 of 304

Columns

Sunil Gatade