Economy

India Inc. isn’t very positive about the future growth of their business as both the engines of the Indian economy have slowed down. Private investment and consumption demand are both wobbling and...
Aug 08, 2019
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On Wednesday, the Reserve Bank of India cut the repo rate by 35 basis points to bring it down to 5.4%, making it the fourth reduction in a row since Shaktikanta Das took over as the RBI Governor last...
Aug 07, 2019
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One of the key financial sector reform proposals in the 2019-20 budget relates to promoting greater retail participation in government securities and treasury bills. This is sought to be achieved by...
Jul 28, 2019
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Even as the Finance Minister Nirmala Sitharaman tried to strike a positive note during the budget and gave reassurances that India is a growing economy set to scale new heights, many independent...
Jul 25, 2019
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Even as many economists including former RBI Governor Raghuram Rajan have critiqued the government’s plan of $10 billion sovereign borrowing, the State Bank of India has said that the borrowing will...
Jul 17, 2019
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Companies and individuals relying on cash to pay for their business expenses are in for some pain. The budget proposals laid out by Finance Minister Nirmala Sitharaman prescribe a 2% TDS on cash...
Jul 08, 2019
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Even as the government sought to rein in its fiscal deficit target at 3.3% for the financial year ending March 2020, many crucial ministries and departments saw their allocations being cut to size by...
Jul 05, 2019
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While delivering the first budget of the current government’s second term, Finance Minister Nirmala Sitharaman focussed on the importance of ease of doing business and claimed that enterprises remain...
Jul 05, 2019
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On July 5, Finance Minister Nirmala Sitharaman presented the first ever budget for the second term of the current government and set an ambitious target of making India a $5 trillion economy by 2024...
Jul 05, 2019
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In a blow to the narrative of a growing services and consumption led economy, India’s services sector contracted in the month of June as weak sales, competition and taxation burden hampered output, a...
Jul 04, 2019
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It’s not the best time to be a non-banking finance company in India. Investigations in the default by corporate giant IL&FS have marred sentiments across the sector and raised questions about the...
Jul 04, 2019
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India’s manufacturing sector is not growing as fast as it once did. The Nikkei India Manufacturing Purchasing Managers’ Index fell from 52.7 in May to 52.1 in June, bringing the expansion levels to a...
Jul 02, 2019
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Non-banking finance companies saw their share in retail credit shrink to 26.6 percent in FY19 from 39.1 percent a year earlier, the Reserve Bank of India said in its Financial Stability Report. This...
Jul 02, 2019
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With a trade war underway between US and China that’s affecting the manufacturers in the neighbouring land, India plans to cash in on the windfall by offering attractive investment incentives to...
Jun 26, 2019
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  A concerted effort by the government and industry to boost digital payments in India seems to be bearing fruit. Latest data from the Reserve Bank of India shows that more and more Indians are now...
Jun 26, 2019
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  Amidst a “synchronised” global slowdown which is concentrated in developed markets and China, India still shines as a growth centre, Deloitte UK’s Economics & Market Research team stated in its...
Jun 25, 2019
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India’s relationship with manufacturing led economic growth has been tenuous at best. The government has tried to do its bit by launching campaigns such as Make In India which offer tax breaks and...
Jun 25, 2019
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“No legacy is so rich as honesty.” - William Shakespeare   The departure of Viral Acharya, Reserve Bank of India’s hawkish deputy governor known for his laser sharp focus on inflation targeting,...
Jun 25, 2019
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The Reserve Bank of India is in the process of amending its landmark February 12 circular which deals with the resolution process for stressed assets, according to sources quoted by news agencies and...
May 22, 2019
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Sustained liquidity crunch along with caution among the Non-Banking Finance Companies (NBFCs) about their exposure to real estate has led to tightening of purse strings towards the cash-strapped...
May 22, 2019
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In a move that could be seen as a good news for the renewable energy market suffering due to non-flexibility of conventional stations, a government-appointed panel has recommended that coal-fired...
Apr 20, 2019
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In its latest monetary policy review, India’s central bank cut rates by 0.25% to bring down the benchmark repo rate to 6%. While the six member monetary policy committee consisting of the RBI...
Apr 20, 2019
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The bond markets seeking higher yields gave a rather lukewarm response to the Reserve Bank of India’s recently auctioned three-year bonds worth Rs 3,000 crore, amid tight liquidity in the market.  ...
Apr 20, 2019
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A new tax return form released by the Income Tax department could bring many investors and directors of unlisted companies under direct scrutiny of the taxmen. According to the newly released form,...
Apr 20, 2019
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Even as more promoters are approaching banks with one-time settlement offers to prevent the takeover of their companies, the recoveries from bankruptcy cases are on the decline as demand for sick...
Apr 18, 2019
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In 2018, PE/VC investments reached US $1.4 trillion making it the best year since 2007 for the PE industry globally and substantial part of this growth is due to the rise of mega deals in Americas...
Apr 18, 2019
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Despite the cyclical challenges in 2018, India remains at the top of the ranking in overall consumer sentiment and Brazil has overtaken China to come second, according to Credit Suisse Global Wealth...
Mar 27, 2019
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The International Monetary Fund (IMF) has said that India has been one of the fastest growing large economies in the world. However, the IMF asserted that the country has carried out several key...
Mar 22, 2019
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On Friday, Fitch Ratings cut India’s economic growth forecast for the next financial year starting April 1, to 6.8 per cent from its previous estimate of 7 per cent, on weaker than expected...
Mar 22, 2019
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Guess what is a top priority for India’s white collar workforce? It is learning a new skill or hobby. According to Kronos Incorporated survey ‘Future of Workplace’ series, for 66 per cent of India’s...
Mar 20, 2019
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A charter of demands to make India a $5 trillion economy by 2025 was released on Sunday by industry body Assocham. According to media reports, the industry body has also exhorted political parties to...
Mar 18, 2019
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108 economists and social scientists from across the world have raised concerns on political interference influencing official data in India, says a report in FE Online. In a letter, they have asked...
Mar 15, 2019
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How low inflation is a dilemma for India Falling rural incomes and farm distress have cast a shadow on one of the key achievements of the Modi government.   Low inflation in India is proving to be a...
Mar 14, 2019
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The Indian Media and Entertainment (M&E) sector is expected to cross ₹2.35 trillion ($33.6 billion) by 2021, growing at an annual rate of 11.6%, says a report by EY-Ficci. The sector  grew at 13....
Mar 13, 2019
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The National Democratic Alliance (NDA) government will return to power in 2019, either with a majority or in the form of a coalition with new allies, say most respondents to a CARE Ratings Survey....
Mar 13, 2019
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Indian businesses that paid most of their goods and services tax (GST) liability using input tax credit or reported a significant variation in turnover are being queried by taxmen, media reports....
Mar 12, 2019
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Hundreds of thousands of engineers in India, with computer code to civil engineering specialisations are struggling to find  a job in their field and to pay back huge student loans, media reports. ...
Mar 12, 2019
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A report by rating agency Crisil Research states that capacity addition in solar energy sector has slowed due to lack of clarity on several policy issues and arbitrary bid cancellations, media...
Mar 12, 2019
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The Confederation of Indian Industries (CII) released a ‘Suggested Election Manifesto’ on March 10, which provides an economic roadmap for political parties to achieve an average growth rate of 8 per...
Mar 11, 2019
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A study titled 'Video on Demand: Entertainment reimagined’, conducted by Assocham-PwC, expects India's data consumption to grow at a compounded annual growth rate (CAGR) of about 72.6 per cent to 10,...
Mar 11, 2019
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India is exploring various options, including approaching the WTO dispute body, to deal with the US decision to withdraw import incentives for about 2,000 domestic goods under the trade preference...
Mar 07, 2019
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A report by Japanese brokerage Nomura warns that global slowdown, tight financial conditions and  political uncertainty in the election year will be the biggest headwinds for growth in India. Further...
Mar 07, 2019
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India may impose retaliatory tariffs on $10.6 billion worth of goods imported from the US, reports in media said. The move is being considered in reaction to the Trump administration’s decision to...
Mar 06, 2019
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The increment season will soon be here and there is some good news for Indian salaried class. Aon, a professional services firm, has come out with the 23rd edition of its annual Salary Increase...
Mar 06, 2019
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For the first time in past five years, FDI equity inflows fell during the first 9 months of FY19 in terms of annual growth rate, media reports.  A CARE Ratings analysis based on Department for...
Mar 01, 2019
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India’s gross domestic product (GDP) grew at a five-quarter low rate of 6.6% in the September-December period (Q3) of the current fiscal dragged by faltering manufacturing, agriculture and small...
Mar 01, 2019
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A joint report by the World Bank and the International Labour Organisation says increase in exports can result in higher wages in India  and also better jobs — including more formal jobs for youth...
Mar 01, 2019
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Independent economists said the Indian economy is likely to have grown at a slower pace of 6.7-7.2% in the third quarter of FY19. Their estimates came ahead of Thursday’s release of the official...
Feb 27, 2019
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A report by Boston Consulting Group (BCG) says that the consumer market may grow at 12 per cent annually over the next decade and touch Rs 335 lakh crore, media reports. In 2018, the consumer market...
Feb 27, 2019
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A meeting of a group of ministers (GoM) on power under finance minister Arun Jaitley took place Monday to discuss ways to resolve the bad loan crisis in the sector, reports media. The GoM discussed...
Feb 26, 2019
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