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In a bid to prevent vehicle thefts or misuse of stolen vehicles, the Central government has directed auto makers to affix laser-oriented microdots in their vehicles and parts, which can be read only by microscopes under ultraviolet light sources.

Auto industry to gain most from tax cut

However, the industry itself and sector analysts are optimistic that the worst is over.

24 Sept 2019 1:55 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

Economy: Too little too late

The govt will soon run out of money to be able to incentivise the revival on a scale needed to bolster the GDP growth in...

16 Sept 2019 2:14 AM IST

The dates for filing the reconciliation statement has also been extended accordingly.

Tinkering isn't enough: Time for basic reforms

An interest burden growing faster than GDP growth by 2.5 percentage points is not a comforting signal for fiscal...

14 Sept 2019 7:04 AM IST

Vendors sell fruits at Jehangir Chowk in Srinagar on Thursday. Normal life remained affected in Kashmir as the stalemate following the abrogation of Article 370 entered its 39th day with schools closed and public transport off the roads. (Photo: PTI)

Of apples, gravity & GDP

Mankind has come a long way since Albert Einstein's genius postulated the Theory of Relativity in the 20th century.

14 Sept 2019 12:15 AM IST

Currently, the repo operations are of short-term, usually of overnight, wherein banks can borrow money from the RBI at the prevailing repo rate.

RBI likely to go for further policy easing in Oct 4 meet

The central bank has already reduced the key policy rate four times in the current calendar year

13 Sept 2019 1:38 PM IST

China warned on Tuesday it would never accept any form of blackmail after US president Donald Trump said his decision to withdraw from a nuclear pact with Russia was also linked to Beijings arsenal.(Photo: Representational | AFP)

US, China trade war could lower global GDP by 0.8 per cent in 2020:...

IMF spokesman Gerry Rice said trade tensions were beginning to affect a world economy already many facing challenges.

13 Sept 2019 11:56 AM IST

Auto component industry on Monday sought uniform 18 per cent GST across the sector stating that low taxation would lead to better compliance and larger tax base.

ACMA seeks uniform 18 per cent GST on all components

The auto components industry currently employs 50 lakh people and contributes 2.3 per cent to India's GDP.

6 Sept 2019 12:52 PM IST

Former President Pranab Mukherjee said here on Thursday that Gross Happiness is no less important than Gross Domestic Product (GDP), and its basic foundation is education. (Photo: File)

Gross Happiness is also important along with GDP: Pranab Mukherjee

Mukherjee greeted teachers on the occasion and said students should be encouraged to ask questions.

6 Sept 2019 9:08 AM IST

Chidambaram is facing probe in cases registered by the CBI and the Enforcement Directorate (ED) pertaining to alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs 305 crore in 2007 when he was the Union finance minister. (Photo: ANI)

'5 per cent': Chidambaram mocks govt when asked about CBI custody

According to govt data, the economic growth slowed to a seven-year low to 5 per cent in April to June quarter from 8 per...

3 Sept 2019 7:35 PM IST

Finance Minister Nirmala Sitharaman (Photo: File)

Mergers no answer, kickstart investment

In the long term, the government which has a large mandate from the people should undertake land and labour reforms.

1 Sept 2019 12:19 AM IST

The report also does well to emphasise that higher trade-to-GDP ratios are a signal of competitiveness and an entry point for coupling the Indian economy with the international economy, including through global value chains.

Why are thermal power plants still being encouraged by the state of...

While all this is linked to the slump in economic growth, the effect, nonetheless, is on energy transition.

17 Jan 2020 7:34 AM IST

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

Moody's cuts 2020 growth to 5.4 per cent

Moody's growth projections are based on calendar year and as per its estimates, India's GDP grew 5 per cent in 2019.

18 Feb 2020 1:54 AM IST