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Economic slowdown: Tough times call for tough measures, here’s what govt needs to do now
Loan growth is at multi-year lows, demand for power has now fallen five months in a row, car sales continue to crawl, rural wages are barely rising and consumer confidence is shaken. -
$5 trillion economy: Here’s what govt doing to achieve the goal by 2024
Govt working to remove criminal provisions related to penalty, jail terms. -
Govt moves to limit duty-free alcohol to 1 bottle
The commerce and industry ministry has proposed to reduce the number of alcohol bottles and cigarette packets that a passenger can buy at duty-free outlets when returning from an overseas trip, while also seeking a cut in the value of goods and gifts that one can get in without paying duty, which is currently fixed at Rs 50,000. -
Nirmala Sitharaman says system cleaning done by BJP govt unbelievable
Commenting on the topic 'Road Map to USD 5 trillion economy,' she said quoting Prime Minister Narendra Modi's comments, the government would take the route "Sarkar ka abhaav nahi hona chahiye, prabhaav hona chahiye aur dabaav nahi hona chahiye." -
India may miss tax collection target for 2019-20 by nearly Rs 2.5 lakh crore: Ex-finance secretary Subhash Garg
"Tax revenues to see shortfall of Rs 2.5 trillion (1.2 per cent of GDP). Time to junk DDT and reform personal income tax," he said. -
India says no meeting with Malaysia in Davos as palm row simmers
A Malaysian government spokesman said on Friday that trade ministers from India and Malaysia could meet on the sidelines of the World Economic Forum’s annual meeting in Davos. -
Jammu and Kashmir a ‘jewel’ of country, Centre will soon come out with industrial package: Piyush Goyal
Piyush Goyal inaugurated a flood protection project, an indoor stadium and various roads completed under Prime Minister's Grameen Sadak Yojna, besides addressing a public gathering in Akhnoor on the outskirts of Jammu. -
5G rollout: Restricting Huawei may cost India $4.7 billion by 2035, finds study
The Telecom Regulatory Authority of India in one of its reports mentioned that 5G is expected to be launched in India by 2020 and is predicted to create a cumulative economic impact of USD 1 trillion in India by 2035. -
Louis Vuitton buys world's second-largest diamond
The prestigious brand purchased the 1,758-carat Sewelo diamond found by Lucara Diamond Corporation in April 2019 from Botswana`s Karowe mine. The diamond company later struck a deal with the luxury brand for the tennis ball-sized gem. -
Budget 2020: PMO tells FM Nirmala Sitharaman not to set over ambitious targets
Budget 2020: PMO tells FM Nirmala Sitharaman not to set over ambitious targets -
Don’t do something to artificially boost growth: Congress on ‘data revamp’ reports
"We have no problem if it is a constructive exercise... Please don't do something where you artificially boost your official 4.9 per cent rate of growth which your own CEA (Arvind Subramanian) believes is 2-2.5 per cent less than stated," he said. -
Interim dividend issue may come up in next RBI’s board meeting
As per the government's estimate, the country's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal as compared to 6.8 per cent in 2018-19. -
Neighbourhood First: India-Bangladesh to sign trade agreement soon
Earlier this week, at the commerce secretary-level meeting in New Delhi, in an effort to resolve several important issues related to the agreement were discussed. -
Announce convergence of all corporate tax rates to 15% in Budget: CII
The Confederation of Indian Industry has urged the Centre to converge multiple corporate tax rates to 15 per cent by April 2023 without any exemptions, and make the announcement in the upcoming Budget to facilitate investment decisions. According to the industry body, the desired impact of the reduction in corporate taxes on the ground is still far from satisfactory. -
'Announce convergence of all corp tax rates to 15%'
The Confederation of Indian Industry has urged the Centre to converge multiple corporate tax rates to 15 per cent by April 2023 without any exemptions, and make the announcement in the upcoming Budget to facilitate investment decisions. According to the industry body, the desired impact of the reduction in corporate taxes on the ground is still far from satisfactory. -
GST on gold: Government panel to check tax evasion; to meet importing agencies
Group of Ministers (GoM) on the movement of gold and precious stones -- a panel of six state finance ministers is looking to plug revenue leakage on gold. -
World Economic Forum 2020: Union Ministers, CMs, over 100 Indian CEOs to attend Davos summit
The World Economic Forum Annual Meeting 2020, taking place on January 20-24, will focus on establishing stakeholder capitalism as a way of addressing the world's greatest challenges, from societal divisions created by income inequality and political polarization to the climate crisis we face today. -
FPIs remain net buyers in January on US-China trade deal
Majority of the FPI investment in January came a day after the signing of the US-China trade deal and going forward FPI investments are expected to grow, Harsh Jain, co-founder and COO at Groww said
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