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The decision came after a meeting of representatives of Indian Revenue Service (Customs and Central Excise), All India Association of Central Excise Gazetted Executive Officers, All India Central Excise Inspectors Association and All India

India services PMI grows for first time in 4 months

Govt data earlier this week showed India's economy still grew 7.0 per cent in the December quarter from a year earlier.

3 March 2017 11:16 AM IST

Union finance minister Arun Jaitley speaks to the media after returning from his trip to UK in New Delhi. (Photo: PTI)

Arun Jaitley: GDP belies note ban rants

Demonetisation has helped in integration of cash-dominated informal sector to the economy.

2 March 2017 6:27 AM IST

Union Finance Minister Arun Jaitley addresses a Post-Budget press conference in New Delhi on Wendnesday. (Photo: PTI)

Q3 GDP data substantially hit by note ban: Jaitley

Jaitley, however, refuted theory that rural sector was drastically affetced due to demonetisation.

1 March 2017 5:14 PM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.

Retail inflation hits 3-year low of 3.41 per cent

Rural retail inflation stood at 3.83 per cent in December compared with 4.13 per cent in November.

12 Jan 2017 6:59 PM IST

As per the data, IIP growth during April-November period this fiscal remained almost flat at 0.4 per cent compared to 3.8 per cent a year ago. (Representational image)

Industrial output up 5.7 per cent in November

Manufacturing sector, which constitutes over 75 per cent of the index, grew at 5.5 per cent in November.

12 Jan 2017 6:45 PM IST

NITI Aayog Vice-Chairman Arvind Panagariya

Niti for increasing savings, investments to boost growth

Low levels of savings and investment rates are still a cause of concern.

25 July 2017 10:54 AM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

IMF keeps global growth forecasts; China, eurozone revised higher

Global gross domestic product would be 3.5 per cent in 2017 and 3.6 per cent in 2018.

24 July 2017 10:00 AM IST

GDP stands for Gross Domestic Product.

'Growth recovery ahead; policy rates to be on hold in June'

Nomura expects a recovery thereafter to an average of 7.5 per cent in the second half of 2017 and 7.7 per cent in 2018.

30 May 2017 2:00 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

India seen staying fastest growing major economy in Jan-March quarter

Demonetisation drive barely impacted the economic momentum in the second half of FY'17.

29 May 2017 2:07 PM IST

S&P corporates and banks are likely to face short-term downside risk as the demonetisation-induced cash crunch will curtail GDP growth.

Not possible to isolate note ban impact on GDP: Govt

Growth rate of GDP at constant market prices for 2015-16 and 2016-17 was 8 per cent and 7.1 per cent respectively.

18 July 2017 5:52 PM IST

Former Reserve Bank of India governor Bimal Jalan

Bimal Jalan also says note ban to lower GDP

Former RBI governor said move would impact GDP growth in range of 0.5 per cent to 2 per cent.

10 Jan 2017 11:33 AM IST

Chief statistics officer TCA Anant

Industry's weak performance forces CSO to lower GDP

TCA Anant said that he did not include November data in banking and financial services.

9 Jan 2017 12:32 PM IST