Page 44 - India Economy

GST Council must realise that lower rates lead to better compliance

The finance minister, as the Council's Chairperson, must convince states to bring more items down from the 18 percent and 28 percent slabs.

BRICS nations need to strengthen coop to support economic recovery: CEA

He also underlined the need for strengthening international cooperation

Credit growth of banks recovers; festivals help demand: Ratings agency

Bank credit grew by 180 basis points from the year-ago level of 5.1 per cent in the fortnight ended October 23, 2020: CARE.

Covid LIVE: Europe could face another 700k deaths by next spring, says WHO

WHO Europe called on people to get vaccinated and respect proper hygiene and practice social distancing to help stop the spread of the virus

Quick economic reform in India depends on quicker political reform

Every political party when it is in power realises that the absence of simultaneous elections along with the presence of the Concurrent List, make reforms difficult.

Coal transition can impact over 13 mn people's livelihood in India: Study

More than 13 million people employed in coal mining, transport, power, sponge iron, steel, and bricks sectors will be impacted due to the impending coal transition, a new study finds

Withdrawal of farm laws is a missed chance for a progressive Indian society

India's farm economy sends desperate, landless poor to cities when it should be the bedrock of a more secure and permanent urban proletariat.

'Entire political science' lesson: Peoples' power trumps people in power

Climb-down on the three controversial farm laws has broken the myth of invincibility that surrounds the government.

PM Modi to address nation at 9am before leaving for UP, says his office

Modi has used his televised addresses to speak about the coronavirus pandemic, his government's achievements.

Rating agency ICRA revises India's Q2FY22 GDP growth to 7.9%, up by 20 pts

Rating agency ICRA has revised India's gross domestic product (GDP) for Q2 FY22 upward by 20 basis points to 7.9 per cent.

Pity Indian policymakers who don't know which data to go by for economy

Designing policies meant for a smaller economy that is actually larger is sure to have unintended side effects.

LIVE: ED chief gets one-year tenure extension till November 18, 2022

This, days after the Centre brought ordinances to allow ED and CBI directors to occupy the office up to five years

Fitch's rating disappointing but investors see future in India, its reforms

India's economy can expect a minimum rating of A given that all debt is in rupees and there is no external risk posed.

Goldman Sachs readies $30 bn for doubling alternative investments in Asia

The firm plans to build a bigger presence in real estate in developing markets such as China, Korea and India

CBIC asks GST officers to block ITC on the basis of evidence, not suspicion

The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence.'

Excise cut on petrol, diesel to cost government Rs 45,000 crore: Nomura

A cut in excise duty on petrol and diesel and the ensuing drop in retail selling price of these auto fuels should also help address inflation concerns to some extent, analysts said

Oct services growth strongest in over a decade, input costs surge: PMI

The IHS Markit Services Purchasing Managers' Index accelerated to 58.4 last month from 55.2 in September, above the 50-mark separating growth from contraction.

Economy expected to grow by 10% or more in current fiscal: Niti VC

The country's economy grew by a record 20.1 per cent in the April-June quarter, helped by a very weak base of last year and a sharp rebound in the manufacturing and services

Economic Recovery: What do K, V, U, L, W-shapes recoveries really mean?

You may have heard that India's recovery after the coronavirus pandemic is likely to be a K-shaped one instead of a V. Let's understood how these shapes of recovery are different from one another

Govt may consider higher GST, fewer rates to simplify structure: Report

The two lowest rates could be raised by a percentage point each to 6% and 13%, reports Bloomberg.