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Economy - Page 31

A recent announcement by the countrys chief executive that the government will be focusing on the Ease of Doing Business Index ranking was a welcome development. (Representational image)

DPIIT optimistic of India breaking into top 50 in 'ease of doing biz'...

India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.

19 Dec 2019 5:33 PM IST

Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market, KPMG India national head (Financial Services) Gayathri Parthasarathy said in the report. (Photo: Representational)

Room for strong growth for microfinance in India: KPMG

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35...

19 Dec 2019 11:49 AM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

GST Council fixes 28 per cent uniform tax rate for lottery

The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017.

19 Dec 2019 9:17 AM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

Govt sets Rs 1.1 lakh cr monthly GST collection target; asks taxmen to...

Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.

17 Dec 2019 5:43 PM IST

Impact of GST will take time to show results: Bibek Debroy

Collections under the GST, which was introduced in July 2017, has remained mostly below the target.

17 Dec 2019 12:07 PM IST

The Sensex fell 334.44 points or 0.82 per cent to settle at 40,445, while Nifty shed 96.90 points or 0.81 per cent to close at 11,921.50.

Sensex jumps over 200 pts; Nifty tests 12,100

The 30-share index rose 203.40 points or 0.50 per cent to 41,142.12 in morning session.

17 Dec 2019 10:20 AM IST

Shaktikanta Das

RBI saw slowdown, acted ahead of time by cutting interest rates from...

In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.

16 Dec 2019 11:52 AM IST

In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by USD 1.891 billion to USD 421.258 billion, according to the data.

Forex reserves soar to touch all-time high of USD 453 billion

The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644...

14 Dec 2019 11:06 AM IST

Moodys also affirmed Indias local-currency senior unsecured rating and other short-term local-currency rating.

Moody's cuts India's GDP growth forecast to 5.6 pc for 2019

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

13 Dec 2019 1:51 PM IST

Among districts, the funds were released to about 4.72 lakh farmers in Anantapur, 4.05 lakh in Kurnool, 4 lakh in East Godavari, 3.89 lakh in Guntur, 3.75 lakh in Chittoor, 3.48 lakh in Prakasam, 3.22 lakh in West Godavari and 3.04 lakh in Krishna so far.

Centre releases PM-KISAN funds to 43.20 lakh Andhra farmers till Nov

As per the agriculture ministry data, the central government has released funds to 43.20 lakh farmers.

12 Dec 2019 1:21 PM IST

Domestic passenger vehicle sales were up 6.38 per cent at 3,00,722 units in March as against 2,82,698 units in the same month last year.

Passenger vehicle retail sales up 1 per cent in November: FADA

Total sales across categories rose 2 per cent to 21,05,508 units in November as against 20,54,296 units in the same...

11 Dec 2019 4:51 PM IST

The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand but it warned of risks from a potential China-US trade war.

ADB trims India's GDP growth forecast to 5.1 per cent in FY20

Asian Development Bank said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

11 Dec 2019 11:55 AM IST