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Downward revision of current fiscal growth does not indicate economic slowdown: Garg

Downward revision of current fiscal growth does not indicate economic slowdown: Garg

Fri, Mar 01, 2019

"GDP estimates for 2018-19 released today needs to be viewed in correct perspective. Downward revision to 7 per cent from 7.2 per cent in 1st Adv Est is against revision of GDP of 2017-18 from 6.7 per cent to 7.2 per cent.'' said Economic Affairs Secretary Subhash Chandra Garg.

Data not cooked up, GDP figures to go up further: Government

Data not cooked up, GDP figures to go up further: Government

Tue, Feb 19, 2019

Refuting charges of destroying the credibility of Indian data, the government said the revised GDP figures for demonetisation year was not cooked up and, in fact, the growth rates are likely to go up further due to the GST.

StatAttack! Spotlight on fiscal deficit, tax collection targets

StatAttack! Spotlight on fiscal deficit, tax collection targets

Tue, Feb 12, 2019

The Union Budget which was placed on February 1, has fixed the fiscal deficit target at 3.4 per cent of the Gross Domestic Product (GDP), while the gross tax revenue is estimated to grow at 17.15 per cent, as per the revised estimates for 2018-19.

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Each of India's two Olympic 2016 medals represents 665 million people

Each of India's two Olympic 2016 medals represents 665 million people

Fri, Aug 26, 2016

Great Britain, at No. 2 spot with 67 medals and a population of 65 million, had a medals per capita of 972,212 placing it at the 19th rank.

India to grow at 7.5% for next two years: Moody's

India to grow at 7.5% for next two years: Moody's

Mon, Aug 22, 2016

Diron believes that India's (Baa3 positive) credit profile is supported by the strong growth potential of its large economy.

Gold import falls nearly 53% to $4.97 billion in April-July

Gold import falls nearly 53% to $4.97 billion in April-July

Mon, Aug 15, 2016

Gold imports more than halved to $4.97 billion in the first four months of the current fiscal, which is expected to keep a lid on the current account deficit (CAD).

Japan's economy stalls in Q2 on weak exports, capital expenditure

Japan's economy stalls in Q2 on weak exports, capital expenditure

Mon, Aug 15, 2016

Japan's economic growth ground to a halt in April-June after a stellar expansion in the previous quarter on weak exports and capital expenditure, putting even more pressure on premier Shinzo Abe to come up with policies that produce more sustainable growth.

Govt is confident to roll out GST from April 1, 2017 : Hasmukh Adhia

Govt is confident to roll out GST from April 1, 2017 : Hasmukh Adhia

Sun, Aug 07, 2016

The government is confident of rolling out the GST regime from April 1 next year but the deadline may be difficult to meet if resolution of issues like the rate of tax and items to be exempted take longer, Revenue Secretary Hasmukh Adhia said on Sunday.

What GST bill has in store for Real Estate?

What GST bill has in store for Real Estate?

Thu, Aug 04, 2016

Anup Puri said, “The direct impact of GST on real estate, in terms of tax outflow for developers and consumers, will depend on whether the final GST rate is more or less than the taxes paid currently.”

US doubts India's 7.5% growth

US doubts India's 7.5% growth

Wed, Jul 06, 2016

The report said the government failed to muster political support on the land acquisition bill in Parliament.

India's GDP growth will face challenges like weak global demand, corporate influence: Moody's

India's GDP growth will face challenges like weak global demand, corporate influence: Moody's

Tue, Jul 05, 2016

"The growth will be adversely affected by high leverage of some large corporates also weighs on credit demand, while impaired assets in the banking system negatively affect credit supply," Moody's Senior Vice-President Marie Diron said in the report.

Normal monsoon crucial to India's continuing recovery, says StanChart

Normal monsoon crucial to India's continuing recovery, says StanChart

Sun, Jul 03, 2016

According to the global financial services major, domestic factors are likely to shape India's economic growth prospects amid global economic and political uncertainty and hence, performance of monsoon has gained importance in this fiscal year.

Govt may not cut excise duty on petrol, diesel in near-term

Govt may not cut excise duty on petrol, diesel in near-term

Sun, Jul 03, 2016

Government may not cut excise duty on petrol and diesel in the near-term if it accepts the suggestions made in the approach paper submitted by Chief Economic Adviser for maintaining status quo when oil prices can climb by another $15 a barrel.

Are “Brexit” concerns for India overdone?

Are “Brexit” concerns for India overdone?

Thu, Jun 30, 2016

Arvind Subramanian, Chief Economic Advisor (CEA), was quoted in the Times of India as saying, “Brexit may have caused a lot of uncertainty in the global economy but the development has made India a `safe haven' for investors in the past few days.”

'7th Pay Commission will boost India's consumption by Rs 4,511 crore'

'7th Pay Commission will boost India's consumption by Rs 4,511 crore'

Wed, Jun 29, 2016

The Cabinet Committee of Economic Affairs (CCEA), headed by PM Narendra Modi on Wednesday, cleared the recommendations of the 7th Pay Commission to which the overall hike in salary and allowance of central government employees and pensioners comes to 23.5%.

Brexit impact: India's growth may dip by 60 bps, says Morgan Stanley

Brexit impact: India's growth may dip by 60 bps, says Morgan Stanley

Tue, Jun 28, 2016

Morgan Stanley said it expects the monetary policy to be more focused on mitigating liquidity tightness through open market operations.

Rajan's exit will not hamper India's GDP: World Bank

Rajan's exit will not hamper India's GDP: World Bank

Mon, Jun 20, 2016

Agriculture growth and rural consumption is very important for India's growth story, Onno Ruhl, Country Director of World Bank said.

Raghuram Rajan exit: Policies are more important than personalities, says Fitch Ratings

Raghuram Rajan exit: Policies are more important than personalities, says Fitch Ratings

Mon, Jun 20, 2016

The leading credit rating agency said it recognises Rajan's contribution in setting significant policy changes in motion and said the new Governor will inherit a solid basis.

Rupee appreciates by 8 paise against dollar in early trade

Rupee appreciates by 8 paise against dollar in early trade

Fri, Jun 17, 2016

Forex dealers said besides selling of the American currency and positive economic data, a higher opening in the domestic equity market and weakness of the US dollar against some other currencies overseas supported the rupee.

RBI likely to cut policy rate by 25 basis points on August 9: BofA-ML

RBI likely to cut policy rate by 25 basis points on August 9: BofA-ML

Wed, Jun 15, 2016

According to global financial services major Bank of America Merrill Lynch (BofA-ML) investors should not read much into the higher May Consumer Price Index (CPI) inflation print at 5.76% as it was entirely driven by higher agflation (agricultural inflation).

India's GDP to grow at 7.8% in FY17, led by consumption, public expenditure: DBS

India's GDP to grow at 7.8% in FY17, led by consumption, public expenditure: DBS

Sun, Jun 12, 2016

According to global brokerage firm, the burden of lifting growth is likely to be "uneven" largely led by strong consumption followed by public capex, while private sector investments may improve in October-December quarter onwards.

India "obvious candidate" to drive global growth: HSBC

India "obvious candidate" to drive global growth: HSBC

Fri, Jun 10, 2016

India will equal China's 4.9% share of world GDP in 2005 by the middle of next decade, HSBC said.

Need private investment for faster growth: Raghuram Rajan

Need private investment for faster growth: Raghuram Rajan

Wed, Jun 08, 2016

Rajan today said statisticians have done as good a job as they can and economic growth is significantly high as costs have come down.

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