May 9th, 2018The International Monetary Fund (IMF) has projected that India will be the fastest-growing major economy in 2018, with a growth rate of 7.4 percent that rises to 7.8 percent in 2019 with medium-term prospects remaining positive.
The Report on Asia and Pacific Regional Economic Outlook said that the country is recovering from...
April 17th, 2018The World Bank has predicted a growth rate of 7.3 percent for India for the current year and 7.5 percent for 2019 and 2020 and has observed that Indian economy has recovered from the effects of demonetization and Goods and Service Tax (GST).
In its South Asia Economic Focus Meet held twice a year, World Bank said,
Growth is expected...
December 18th, 2017India can achieve an 8 per cent growth rate for the next two decades if it unleashes the next set of reforms that could help it in realising its full potential, according to a senior UN official.
The UN, in its latest report, projected Indias growth rate to be 7.2 per cent in 2018 and 7.4 per cent in 2019.
Describing India's...
November 28th, 2017Indias economic growth is likely to show a significant improvement for the September quarter of the current fiscal over the previous three months, when the GDP slipped to a 3-year low of 5.7 per cent, say experts.
The Central Statistics Office (CSO) is scheduled to come out on Thursday with the estimates of the second quarter gross...
October 7th, 2017Three months after the rollout of the new indirect tax regime, the GST Council today made sweeping changes to give relief to small and medium businesses on filing and payment of taxes, eased rules for exporters and cut tax rates on more than two dozen items.
Businesses with annual turnover of up to Rs 1.5 crore, which constitute 90 per...
September 1st, 2017India’s economic growth unexpectedly slid to a three-year low in the last quarter, delivering a blow to Prime Minister Narendra Modi who is facing criticism for disrupting business activity through his shock cash squeeze last year.
Gross domestic product grew 5.7 percent in April-June, its slowest pace since the January-March...
July 20th, 2017Indian FinTech is one of top five markets by value of capital funding and investments in the sector with nearly USD 270 million of funding in 2016, according to a recent report.
The report also noted that in medium-term fintech players will consolidate their position in urban and metro centres and will extend to rural and semi-urban...
April 16th, 2017The email address launched by the Finance Ministry for getting tips about black money received over 38,000 emails, but only 16 per cent of them were forwarded for further inquiry, CBDT said in a reply to an RTI query earlier this month.
Jitendra Ghadge, a city-based Right To Information activist, had asked for information about...
March 6th, 2017The services sector returned to the growth zone in February after three months of demonetisation- driven contraction but recovery was 'mild' and business confidence remained subdued, a monthly survey showed today.
Besides, higher input costs forced companies to hike prices and the rising inflationary pressure may result in the Reserve...
December 26th, 2016With an eye on cashless economy, Prime Minister Narendra Modi today unveiled two schemes "Lucky Grahak Yojana and Digi Dhan Vyapaar Yojana" for customers and traders alike to promote mobile banking and e-payments.
Making his last monthly address this year in his Mann ki Baat programme, he said there is "an atmosphere of curiosity" in...
December 26th, 2016Union Minister Rajiv Pratap Rudy today said street food vendors across the country needed to be trained to undertake cashless transactions, as he interacted with them at the end of a national street food festival here.
The Minister of State (Independent Charge) for Skill Development and Entrepreneurship awarded certificates to the...
