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Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

Fiscal situation should be comfortable next financial year: Jaitley

Finance minister in Budget 2018-19 projected a higher fiscal deficit of 3.5 per cent of GDP for current fiscal.

12 Feb 2018 11:02 AM IST

Finance Minister Arun Jaitley said that the government gave opportunity to people to come clean about their accounts held abroad. (Photo: Twitter/ANI)

Fiscal situation should be comfortable next financial year: Jaitley

Fiscal deficit or gap between total expenditure and revenues has been pegged at 3.3 per cent for the next fiscal.

10 Feb 2018 3:59 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI need not react to bond yields, MSP for interest rate review:...

MSP for farmers and refrain from going in for any hike in benchmark policy lending rates when MPC meets on Feb 7.

5 Feb 2018 11:00 AM IST

The Economic Survey 2017-18 was tabled in the Lok Sabha by Finance Minister Arun Jaitley on Monday. (Photo: File | PTI)

Union Budget 2018 spurs inflation worries ahead of RBI policy

Govt's decision to increase MSP guarantee to farmers, in particular, is likely to have a direct inflationary impact.

2 Feb 2018 10:53 AM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

High govt debt burden constrains India's rating: Fitch

Government has kicked out its steady 3 per cent fiscal deficit target further to 2020-21, well beyond its term.

2 Feb 2018 10:41 AM IST

Agriculture is one of those sectors where we have seen no reforms, whether in terms of export-import policies or domestic constraints.

Economic Survey glosses over the problems that lie ahead for India

In agriculture, despite Prime Minister Narendra Modi's shrill rhetoric, there has been no major investment by the State...

1 Feb 2018 6:47 AM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

India's average GDP growth to rise to 7.8 per cent: report

Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption.

25 April 2018 12:59 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

India's economy could grow at 7.4 per cent in 2018-19: RBI

India's annual retail inflation eased for a third straight month in March to 4.28 per cent.

23 April 2018 8:35 AM IST

World Trade Organisation chief Roberto Azevedo. (Photo: PTI)

Escalating trade dispute could derail recovery: WTO chief

The impact of an all-out trade war would hit poor countries.

21 April 2018 10:29 AM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

India contributing to global growth in financial inclusion: World Bank

Report states that about 51.4 crore accounts have been opened globally from 2014 to 2017.

20 April 2018 10:21 AM IST

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

RBI minutes: Patel in favour of more data before changing policy...

The flow of funds from non-bank sources to the corporate sector has also been rising.

20 April 2018 9:16 AM IST

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

India claims top spot for 2018 growth among major economies: sources

Reserve Bank of India has kept interest rates steady after a 25 basis-point cut to the repo rate in August last year.

19 April 2018 11:43 AM IST