Economy | The Asian Age

Friday, Apr 19, 2024 | Last Update : 07:31 AM IST

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According to the survey, new work intakes contracted in September, after an 18-month sequence of expansion. (Photo : Representational)

India's services sector activity contracts in Sep on weak demand: PMI

The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.

04 Oct 2019 11:54 AM

In the last five years, the economy has grown at about 7.5 per cent. The country's growth rate of 8.1 per cent in the last quarter of 2017-18 has fallen to 5 per cent in April-June, 2019-20, Amitabh Kant said at a World Economic Forum event in New Delhi on Thursday. (Photo: File)

Many more structural reforms in offing to propel growth: Kant

I think many more structural reforms are in the offing. The government has pushed for disinvestment, said the Niti Aayog CEO.

03 Oct 2019 3:43 PM

The US and China have been fighting a trade war raising tariffs on billions of dollars of items exported from each other. (Photo: Representational | AFP)

Singapore Deputy PM warns of greater economic uncertainty due to US China trade war

He asserted that monetary and fiscal policies can 'stabilise' the global economy but structural policies need to be brought in.

03 Oct 2019 12:11 PM

the country has a strong startup ecosystem aThe recent policy measures announced by the government would further help to bring investments.

Favourable conditions exist to achieve USD 5 trillion economy target: official

The WEF would further give government ideas in order to get moving forward.

03 Oct 2019 11:26 AM

Earlier, the RBI Governor Shaktikanta Das had said the government has little fiscal space, giving hopes that the RBI may provide more monetary stimulus to prop up the economy. (Photo: File | AFP)

RBI may go for another rate cut on Oct 4: Experts

RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January.

29 Sep 2019 4:33 PM

Union Finance Minister Nirmala Sitharaman.

FM to meet secretaries, financial advisors of key ministries today

The main agenda of this meeting is to discuss measures to revive the economy and push up investments.

27 Sep 2019 11:00 AM

Finance Minister Nirmala Sitharaman (Photo: File)

Economic growth to improve in second half of fiscal 2020: Sitharaman

India’s economic growth in April-June fell to a six year low of 5 per cent.

27 Sep 2019 10:08 AM

As regards slowdown in the passenger vehicle segment, Finance Minister Nirmala Sitharaman was told that it was driven by "sentiments" and will improve in near future. (Photo: File)

Economy looking up; no liquidity crisis: FM Sitharaman after bankers meet

I heard good things, positive thing, she said, and added that 'the message I got is that consumption is happening.'

26 Sep 2019 10:31 PM

Profitable companies can pass on part of benefits to consumers by reducing product prices. The companies can reduce their margins a little bit, so that their sales pick up, said banker Deepak Parekh. (Photo: File)

All macros favouring India, companies should pass on tax cuts to consumers: Parekh

Our tax rates have become very competitive with government's move to lower corporate tax rates, said banker Deepak Parekh.

26 Sep 2019 5:17 PM

When the time arises to take a call on it (income tax relief), the government will do so. The government in the past has also increased (the limit) from Rs 2.5 lakh to Rs 5 lakh. In future, whenever the time arises, we will look into the matter, said Minister of State for Finance Anurag Singh Thakur. (Photo: File)

Govt to take call on relief in income tax at appropriate time: Thakur

There has been a clamour for raising income tax exemption limit to push demand and consumption to boost economy.

26 Sep 2019 3:36 PM

Modi's big tax cut unlikely to spur job bonanza in India

India’s unemployment rate reached 8.19 pc in Aug, up from 6.27 pc in the same month last year.

26 Sep 2019 9:24 AM

NITI Aayog CEO Amitabh Kant. (Photo: PTI)

Challenge before India is to grow at 8-9 pc and sustain it: Kant

The government also announced a slew of measures to boost exports and real estate sector.

25 Sep 2019 1:34 PM

Developing Asia, a group of 45 countries across Asia and the Pacific, will likely grow 5.4 per cent this year and 5.5 per cent next year, down from the 5.7 per cent and 5.6 per cent growth forecast in July, the ADB said.

Trade tensions darken growth outlook for developing Asia: ADB

Growth in the region was 5.9 per cent in 2018.

25 Sep 2019 12:33 PM

Developing Asia, a group of 45 countries across Asia and the Pacific, will likely grow 5.4 per cent this year and 5.5 per cent next year.

Trade tensions darken growth outlook for developing Asia: ADB

ADB maintained India’s 7.2 per cent growth projection for next year.

25 Sep 2019 9:15 AM

Already we have signed an agreement with KfW for green energy in MSMEes. I will try to convince them to finance sugar mills proposal and we will find out a mechanism with the petroleum ministry for this, said Union Minister Nitin Gadkari.

Closed sugar mills may see revival soon as govt mulls ethanol production on their land

Union Minister Nitin Gadkari said land of the sugar mills can be utilised for ethanol production from sugar.

23 Sep 2019 6:51 PM

Friday's announcement, however, is the most material...Our analysis indicates these 1,000 companies could see tax savings of Rs 37,000 crore, or nearly a fourth of the total savings anticipated by the government, said CRISIL.

Top 1,000 listed firms may see tax savings of Rs 37,000 cr post corp tax cut: CRISIL

The drop in tax rate would now bring India at par with most Asian economies, the report added.

22 Sep 2019 7:14 PM

Commerce and industry minister Piyush Goyal. (Photo: File)

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

Corporate tax rate cut for companies by almost 10 percentage points to 25.17 per cent.

20 Sep 2019 2:14 PM

Debroy also said GST collection has been revenue negative so far instead of being revenue neutral.

Wrong to say India on 5 pc growth trajectory: Bibek Debroy

The GDP growth in the April-June quarter of the 2019- 20 fiscal was 5 per cent, according to government data.

20 Sep 2019 2:10 PM

Commerce and industry minister Piyush Goyal on Friday said the announcement of the corporate tax rate cut for companies by almost 10 percentage points to 25.17 per cent will give necessary fillip to the economy. (Photo: File)

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

The minister is hopeful that businesses will be able to take benefit of these measures to spur growth.

20 Sep 2019 1:28 PM

The government slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.

RBI expects growth to pick up from Q2 on govt spending

Governor also welcomed the government announcement in the morning to slash corporate tax across the board.

20 Sep 2019 1:07 PM

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Mohan Guruswamy

Economy Page-6

India's services sector activity contracts in Sep on weak demand: PMI

Many more structural reforms in offing to propel growth: Kant

Singapore Deputy PM warns of greater economic uncertainty due to US China trade war

Favourable conditions exist to achieve USD 5 trillion economy target: official

RBI may go for another rate cut on Oct 4: Experts

FM to meet secretaries, financial advisors of key ministries today

Economic growth to improve in second half of fiscal 2020: Sitharaman

Economy looking up; no liquidity crisis: FM Sitharaman after bankers meet

All macros favouring India, companies should pass on tax cuts to consumers: Parekh

Govt to take call on relief in income tax at appropriate time: Thakur

Modi's big tax cut unlikely to spur job bonanza in India

Challenge before India is to grow at 8-9 pc and sustain it: Kant

Trade tensions darken growth outlook for developing Asia: ADB

Trade tensions darken growth outlook for developing Asia: ADB

Closed sugar mills may see revival soon as govt mulls ethanol production on their land

Top 1,000 listed firms may see tax savings of Rs 37,000 cr post corp tax cut: CRISIL

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

Wrong to say India on 5 pc growth trajectory: Bibek Debroy

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

RBI expects growth to pick up from Q2 on govt spending

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