Business, Economy, 27th Sep 2017, News & Stories from India

Wednesday, Apr 24, 2024 | Last Update : 09:36 AM IST

Business Economy 27 Sep 2017

Business, Economy, 27 Sep 2017

Retail inflation was 3.36 per cent in August and wholesale inflation was 3.24 per cent.

RBI may opt for status quo in next policy: SBI report

Monetary Policy Committee of RBI reduced the key interest rate by 25 basis points to 6 per cent in August.

27 Sep 2017 6:47 PM

Asian Development Bank chief Takehiko Nakao. (Photo: AFP)

ADB plans to raise annual lending to India to $4 billion

The proposal was endorsed at new ADB Country Partnership Strategy (CPS) for 2018-2022.

27 Sep 2017 4:59 PM

India’s refining capacity must increase to 465 million tonnes by 2040, from about 230 million tonnes currently. (Photo: Representational/AP)

India needs to double refining capacity by 2040 to meet fuel demand growth

Recent implementation of a goods and services tax and demonetisation are unlikely to dent fuel demand in the longer term.

27 Sep 2017 4:17 PM

Gupta also clarified that there will be quiet a few national minimum wages for different sectors and even for different regions.

Govt to set up advisory board to fix national minimum wages

Gupta clarified that the Centre has not fixed a National Minimum Wage for all employees.

27 Sep 2017 3:58 PM

Total tax collection under GST for August has fallen down. (Photo: File)

GST collections as on September 25

Dip in GST revenues comes despite GST Network reassuring tarders there will be no more site crashes.

27 Sep 2017 2:43 PM

FPIs consider India as a preferred and stable market, given its macroeconomic stability.

Over 700 new FPIs registered with Sebi in April-July

Number of FPIs with the regulator's approval rose to 8,511 at the end of July 2017, from 7,807 at March-end.

27 Sep 2017 1:52 PM

Niti Aayog's Vice-Chairman Rajiv Kumar.(Photo: PTI)

Niti Aayog deputy chief says no harm in busting fiscal deficit target

Fiscal deficit for financial year ending next March to 3.7 per cent of GDP from a budgeted target of 3.2 per cent.

27 Sep 2017 1:16 PM

Real estate sector has been one of major contributors of India's economic growth.

India slips rank in WEF's most competitive economy index

Out of 137 economies, Switzerland tops list, followed by US and Singapore in second and third places.

27 Sep 2017 11:05 AM

Union Transport Minister Nitin Gadkari. (Photo: File)

Govt's duty to support well-performing PSUs: Gadkari

Transport Minister says govt can also sack and offer voluntary retirement scheme to non-performing officers.

27 Sep 2017 9:53 AM

Nomura says a fiscal stimulus may not be so much to boost India's economic growth.

Nomura blames higher spending for India's fiscal woes

Japanese brokerage opposes stimulus saying a pump priming maybe counterproductive at this time.

27 Sep 2017 9:40 AM

Jaitley to inaugurate India-Afghan trade show today

Three-day event will focus on better regional integration by strengthening Indo-Afghan economic ties.

27 Sep 2017 9:24 AM

Meanwhile, the equity markets arrested their steep downtrend with the Nifty recovering from its day’s low of 9,813 to end the session at 9,871.50, posting a marginal loss of 1.10 points or 0.01 per cent.

Rupee dips to six-month low

According to the provisional data released, FPIs offloaded equities worth Rs 1,915.54 crore.

27 Sep 2017 4:18 AM

Finance Minister Arun Jaitley (Photo: PTI)

GST mop up sees dip in August to Rs 90,670 crore

The statement further said that there are still a number of assessees who have not filed their returns either for July or August 2017.

27 Sep 2017 4:13 AM

ADB cuts India’s growth forecast

ADB also said that it now expects India to grow by 7.4 per cent in the next fiscal year against its earlier projection of 7.6 per cent.

27 Sep 2017 4:07 AM

1 of 1

Columns

Sanjeev Ahluwalia