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Union finance minister Nirmala Sitharaman

Mega talkathon Budget

Fiscal deficit pegged at 3.5%; Nominal GDP to be 10%; Capex scaled to 21%.

2 Feb 2020 5:23 AM IST

Nirmala Sitharaman

Fiscal deficit target 3.8 per cent

The deficit target for the coming fiscal year starting April 1 was widened to 3.5 per cent.

2 Feb 2020 3:32 AM IST

Finance minister Nirmala Sitharaman

Survey predicts growth rise to 6-6.5 per cent in 2020-21

Sitharaman will present the Union Budget in the Lok Sabha at 11 am on Saturday.

1 Feb 2020 1:51 AM IST

Onion crop has been grown in 12.93 lakh hectares in the 2019-20 crop year (July-June), higher than 12.20 lakh in the previous year.

Centre may offer imported onion at Rs 20/ kg to states

The prices of these onions will also be fixed depending upon the demand and consumption at various states.

31 Jan 2020 1:35 AM IST

The government aims to allay corporate Indias fears about harsh laws that lead to heavy penalties and years of jail for violations, and encourage companies to invest more to help the economy achieve the $5-trillion target by 2024, a top source said.

Farmers may not get big package this time

The middle-class is expected to get some tax relief but sops for farmers look unlikely this time.

28 Jan 2020 1:29 AM 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.

Urad import rules eased to avert shortage

The industry is expecting a shortage of the lentil and has urged the Centre to remove quantitative curbs on urad.

20 Jan 2020 1:52 AM IST

According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

Key positions in SBI, BoB await govt okay

Interviews for the post were held in the last week of October, in which 17 candidates appeared from both SBI and other...

20 Jan 2020 1:44 AM IST

Indias retail inflation cooled to a two-year low in November after demonetisation. (Photo: AP/File)

Retail inflation rises to 7.35 per cent, highest in 5 yrs

Surge in food/vegetable prices triggers fresh growth concerns.

14 Jan 2020 3:05 AM IST

The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

Govt pegs GDP growth at 5 per cent for current fiscal

GDP growth stood at 4.8 per cent for the first half of the current fiscal year.

8 Jan 2020 1:23 AM IST

Among the hybrid schemes, the category of arbitrage funds saw inflows of Rs 5,353.56 crore and balanced hybrid funds saw outflows of Rs 4,931.71 crore.

More brokerages may have used clients' funds

Any such increase in costs could strain smaller brokerages financially, the source said.

13 Dec 2019 1:29 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)

Move on to increase GST rates, cut slabs

At present, the 5 per cent goods and services tax (GST) slab includes essential commodities such as food items, footwear...

12 Dec 2019 1:17 AM IST

Finally, this resulted in the mad rush among the people for cover and they came forward in big numbers to buy expiring LIC products.

LIC mops up over Rs 1,380 crore in a day

The hefty collection came to the insurer for a reason.

10 Dec 2019 1:25 AM IST