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GDP stands for Gross Domestic Product.

India's economy is now riding a roller-coaster

The problem is that no political economy sensitive plan to implement these reforms has emerged.

24 Aug 2019 12:00 AM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

MSMEs to get pending GST refunds within 30 days: FM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala...

23 Aug 2019 8:28 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

India's GDP growth set to slow further in Apr-Jun qtr to 5.7 pc:...

India's economic growth slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.

21 Aug 2019 12:32 PM IST

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

RBI capital transfer: Jalan panel likely to get extension to finalise...

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

1 Aug 2019 10:11 AM IST

The belief is this would force departments to show efficiency and necessity for funds.

Govt may seek Rs 30,000 cr interim dividend from RBI

Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to...

29 Sept 2019 2:38 PM IST

In a bid to prevent vehicle thefts or misuse of stolen vehicles, the Central government has directed auto makers to affix laser-oriented microdots in their vehicles and parts, which can be read only by microscopes under ultraviolet light sources.

Auto industry to gain most from tax cut

However, the industry itself and sector analysts are optimistic that the worst is over.

24 Sept 2019 1:55 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

Economy: Too little too late

The govt will soon run out of money to be able to incentivise the revival on a scale needed to bolster the GDP growth in...

16 Sept 2019 2:14 AM IST

The dates for filing the reconciliation statement has also been extended accordingly.

Tinkering isn't enough: Time for basic reforms

An interest burden growing faster than GDP growth by 2.5 percentage points is not a comforting signal for fiscal...

14 Sept 2019 7:04 AM IST

Vendors sell fruits at Jehangir Chowk in Srinagar on Thursday. Normal life remained affected in Kashmir as the stalemate following the abrogation of Article 370 entered its 39th day with schools closed and public transport off the roads. (Photo: PTI)

Of apples, gravity & GDP

Mankind has come a long way since Albert Einstein's genius postulated the Theory of Relativity in the 20th century.

14 Sept 2019 12:15 AM IST

Currently, the repo operations are of short-term, usually of overnight, wherein banks can borrow money from the RBI at the prevailing repo rate.

RBI likely to go for further policy easing in Oct 4 meet

The central bank has already reduced the key policy rate four times in the current calendar year

13 Sept 2019 1:38 PM IST

China warned on Tuesday it would never accept any form of blackmail after US president Donald Trump said his decision to withdraw from a nuclear pact with Russia was also linked to Beijings arsenal.(Photo: Representational | AFP)

US, China trade war could lower global GDP by 0.8 per cent in 2020:...

IMF spokesman Gerry Rice said trade tensions were beginning to affect a world economy already many facing challenges.

13 Sept 2019 11:56 AM IST

Auto component industry on Monday sought uniform 18 per cent GST across the sector stating that low taxation would lead to better compliance and larger tax base.

ACMA seeks uniform 18 per cent GST on all components

The auto components industry currently employs 50 lakh people and contributes 2.3 per cent to India's GDP.

6 Sept 2019 12:52 PM IST