Business, Economy, 15th Apr 2019, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 11:53 AM IST

Business Economy 15 Apr 2019

Business, Economy, 15 Apr 2019

For the full fiscal (2018-19), exports grew by 9 per cent to USD 331 billion and imports rose by 8.99 per cent to USD 507.44 billion.

Exports grow 11 per cent in March; trade deficit narrows

Trade deficit narrowed to USD 10.89 billion as compared to USD 13.51 billion in the same month last year.

15 Apr 2019 7:59 PM

EY Tax Partner Abhishek Jain said the industry was long awaiting the offline utility and the mechanics of filing the GSTR-9C online.

Businesses with turnover over Rs 2 cr can now start filing GST audit reports for FY18

GSTN has now made available offline utility of GSTR-9C which can be filled up by taxpayer and uploaded on the portal.

15 Apr 2019 6:42 PM

"As of today we have total payments value (gross transaction value) run-rate of USD 70 billion on annual basis," said PhonePe vice-president for strategy and business development Karthik Raghupathy.

PhonePe crosses 2 billion transaction mark

PhonePe has achieved annual run-rate of USD 70 billion on transactions from its platform.

15 Apr 2019 6:33 PM

"At present, there are three categories of purity, which are allowed for hallmarking -- 14, 18 and 22 carats," Shankar Sen, vice-chairman, All India Gem and Jewellery Domestic Council (GJC), said in a statement on Monday. (Representational Image)

Jewellers bat for standardisation in hallmarking of gold

GJC Chairman Anantha Padmanabhan said annual turnover of gem and jewellery industry is around Rs four lakh crore.

15 Apr 2019 6:23 PM

"Rupee continues to consolidate in a holiday-truncated week," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

Rupee drops 25 paise to close at 69.42 vs USD

At the Interbank Foreign Exchange, rupee opened at 69.07 a dollar and fell further to touch the day's low of 69.46.

15 Apr 2019 6:02 PM

"In FY18 and H1 FY19, securitisation contributed to only 18-20 percent of the overall disbursements. However, this number leapfrogged to 37 percent and estimated 50 percent in the third quartet of FY19 and Q4 FY19, respectively," Icra group head (structured finance ratings), Vibhor Mittal, said in a note.

NBFC-MFIs raise Rs 26,000 cr through securitisation in FY19

The securitisation route to raise funds increased to meet their growth targets in FY19, according to a report by rating agency Icra.

15 Apr 2019 5:56 PM

Spot gold was trading lower at USD 1,287.10 an ounce, while silver was down at USD 15.01 an ounce in New York. (Representational Image)

Gold falls by Rs 200 on muted demand, extends losses for 4th day

Sluggish demand from local jewellers and weak overseas cues weighed on the precious metal, said traders.

15 Apr 2019 3:50 PM

Khadi and Village Industries Commission, leading from the front, has created 20,63,152 new jobs and set up 2,67,226 new projects under its ambitious Prime Minister Employment Generation Programme (PMEGP) in the last five fiscals, i.e. between 2014-15 to 2018-19," said KVIC chairman Vinai Kumar Saxena.

KVIC created over 20 lakh new jobs in last five years: Vinai Kumar Saxena

In 2018-19, the KVIC, the nodal agency of PMEGP, had been given a target of setting up 70,386 new PMEGP projects.

15 Apr 2019 3:13 PM

Analysts polled by Reuters expect China to report gross domestic product (GDP) grew 6.3 per cent in the January-March quarter from a year earlier, the slowest pace since the first quarter of 1992, the earliest quarterly data on record.

China first-quarter GDP growth seen cooling to 6.3 per cent: Report

In March, Beijing announced billions of dollars in additional tax cuts and infrastructure spending on top of measures last year.

15 Apr 2019 1:18 PM

Vegetables inflation was at 28.13 per cent in March, up from 6.82 per cent in the previous month. (Representational Image)

WPI inflation spikes to 3.18 per cent in March on costlier food, fuel

Inflation in food articles hardened with steep rise in prices of vegetables during March 2019.

15 Apr 2019 12:26 PM

Former Niti Aayog vice chairman Arvind Panagariya.

Modi govt has major successes in social sector schemes: Panagariya

Ayushman Bharat, PM-Kisan, cooking gas, rural roads and rural electrification represent major successes of the Modi govt.

15 Apr 2019 9:17 AM

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Mohan Guruswamy