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The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Petrol price rise ends RBI's rate cut hopes

Analysts see rise in inflation, CAD and fall in growth rate.

22 May 2018 1:29 AM IST

For FY 18, the fiscal deficit target was supposed to be 3 per cent but it may choose the upper band of 3.5 percent in the Union Budget.

Govt meets fiscal deficit target of 3.5 per cent for FY 2018

According to the data released by the Controller General of Accounts, the revenue deficit was 2.65 per cent of the GDP.

31 May 2018 7:17 PM IST

RBI kept interest rates unchanged despite calls for lowering it while it slashed the economic growth projection by half a per cent to 7.1 in the first policy review post demonetisation.

Indian economy expands 7.7 per cent in Q4, 6.7 per cent in FY18

However, the economic growth slows to 6.7 per cent in 2017-18 compared to 7.1 per cent in 2016-17.

31 May 2018 6:52 PM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Sensex up 123 points, Nifty above 10,600 in late morning trade

Overseas, Asian markets rose as political turmoil in Italy that had roiled global financial markets showed signs of...

31 May 2018 12:35 PM IST

India and China flags (Photo: PTI/File)

The challenge of living next to China

For India to pick up the Chinese slack and matter to the world, it needs to be posting a more frenetic 9-10 per cent...

6 March 2018 6:15 AM IST

GDP stands for Gross Domestic Product.

GDP statistics, politics and recasting the past

In comparison, the new CSO back series completely upends the growth estimates during the UPA period.

7 Dec 2018 12:05 AM IST

The Supreme Court also referred to the National Crime Records Bureau Data stating every six hour a woman is raped in the country. (Photo: File | ANI)

Can't just draw funds from other places for old age pension: Centre to...

Centre's submitted before a bench while responding to arguments advanced by former union minister and senior advocate...

1 Dec 2018 2:22 PM IST

Senior Congress leader P Chidambaram said that flawed structure and implementation has made GST a bad word among businesspersons, traders, exporters and common citizens. (Photo: Twitter/ANI)

Congress leader P Chidambaram pokes fun at BJP for celebrating GDP...

Chidambaram said GDP growth in the July-September quarter (Q2) of 2018-19 was a good one per cent lower than in the...

1 Dec 2018 12:53 PM IST

Ajay Bhushan Pandey

Key priority will be to improve GDP-tax ratio: Revenue secy

In the last four years, the country's tax-GDP ratio has improved from 10 per cent to 11.5 per cent.

1 Dec 2018 2:28 AM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

India to clock GDP growth of 7.7 per cent in Jan-Mar: report

The uptick in average industrial production growth, implies that the overall industrial activity strengthened in Q1.

14 May 2018 12:18 PM IST

GDP numbers scheduled to be released on May 31.

CAD widens on higher imports

Prasanna expects India's CAD to stand at 2 per cent of GDP in the fiscal year ending in March 2018.

17 March 2018 1:41 AM IST

The entire Khadi and Village Industries sector has enjoyed the benefit of tax exemption even in pre-independence era. (Photo: Representative image/ Pixabay)

India to have talent surplus of 245 million workers by 2030: Study

India is the only country expected to have a surplus of highly skilled financial and business services labour by 2030.

7 May 2018 4:39 PM IST