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The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

GDP rises 7.3% in Q2; uncertainty looms due to demonetisation

Country also recorded a 3.3 per cent growth in agriculture sector.

30 Nov 2016 5:50 PM IST

As per the official data released today, steel production jumped 16.9 per cent in October against contraction of 5.5 per cent in the year-ago period.

Infra sector grows 6-month high of 6.6 pc in oct

The core sectors, which contribute 38 per cent to the total industrial production expanded by 4.9 per cent.

30 Nov 2016 5:48 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Govt to meet its fiscal deficit target of 3 pc for FY17

The Ministry of Finance proposes to tax black money unearthed in the future at 75-85 per cent.

29 Nov 2016 2:28 PM IST

Commerce and Industry Minister Nirmala Sitharaman

Indian economy grew 7.1% in first half of fiscal year: govt

Commerce Minister Nirmala Sitharaman says country maintained a GDP growth rate of 7.2 per cent in 2014-15.

28 Nov 2016 1:27 PM IST

Former PM Manmohan Singh speaks in the Rajya Sabha in New Delhi. (Photo: PTI)

7-7.5 pc growth needs more investments: Singh

Economic growth and macro economic stability are necessary for reducing poverty.

26 Nov 2016 5:50 PM IST

The vessel is the first of Chinas new generation of destroyers. (Photo: Twitter)

China Q2 GDP growth tops forecasts on strong investment

China's economic growth is expected to cool further to 6.6 per cent in 2017

17 July 2017 12:25 PM IST

Economic Affairs Secretary Shaktikanta Das

Govt is not targeting any level for the rupee says Das

The domestic currency has been Asia's best performer this year.

5 May 2017 12:46 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

India to clock 7.1 per cent GDP this year: UN report

Inflation is projected to reach 5.3-5.5 per cent in 2017 and 2018.

2 May 2017 1:16 PM IST

Shobana Kamineni (Photo: Biplab Banerjee)

CII believes that demonetisation and GST are both good for the...

Shobana Kamineni believes that GST will add one per cent to the GDP growth in the next couple of years.

9 July 2017 5:49 AM IST

Chinas own firms have been battered by falling prices for their goods in the face of chronic overcapacity and weak demand.

China GDP beats expectations but debt risks loom

China is on more solid economic footing than this time last year, it faces increasing uncertainties in 2017.

20 Jan 2017 10:07 AM IST

The recent data on digital payments published by RBI indicates sharp growth in digital payments, but this needs to grow even more.

Growth back to pre-note ban level increasingly likely: S&P

CSO last month had projected GDP growth to be 7 per cent in the October-December quarter.

31 March 2017 1:27 PM IST

In an accelerated growth scenario, mining can generate an additional 6-8 million jobs

Mining sector can add $70 bn to India's GDP: CII

The tenure of the mineral concessions has also been increased from the existing 30 years to 50 years.

20 Nov 2016 2:52 PM IST