Category: Economy
Digitalisation, new financial products call for timely global tax info exchange: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said with the growing digitalisation of the economy and emergence of new financial products, countries globally will have to…
RBI likely to keep repo rate unchanged at 5.50% in December policy: BoB
The Reserve Bank of India (RBI) is expected to maintain the repo rate at 5.50 per cent in its upcoming monetary policy announcement on Friday,…
Parliament Winter Session: Finance Minister Sitharaman moves two bills for new cess on tobacco and other ‘sin goods’
New Delhi: Finance minister Nirmala Sitharaman on Monday moved two new bills in the Lok Sabha to replace the existing compensation cess under goods and…
November GST mop-up grows slowest in fiscal due to rates revamp
New Delhi: India’s gross goods and services tax (GST) collection increased a modest 0.7% year-on-year in November to ₹1.70 lakh crore, the lowest so far…
HSBC PMI: Manufacturing activity at nine-month low
New Delhi: India’s manufacturing activity eased to a nine-month low of 56.6 in November from 59.2 in October, as US tariffs weighed on sales and…
India’s Industrial output at 14-month low in October
New Delhi: India’s industrial output fell to a 14-month low of 0.4% year-on-year in October from 4.6% in September, as the impact of the goods…
Steel panel meets companies on import substitution of high-value products
Mumbai: A parliamentary panel has met top steelmakers to focus on import substitution of certain high-value products used in transformers and in the automotive industry,…
RBI governor releases five-year national financial inclusion strategy
Reserve Bank Governor Sanjay Malhotra on Monday released a national strategy aimed to deepen financial inclusion over the next five years. The ‘National Strategy for…
Bilateral trade settlement in local currencies in textiles, chemicals, metals to aid intra-APAC trade
New Delhi: Asia Pacific economies could expand bilateral trade invoicing and settlement in local currencies for goods where intra-regional trade is strong such as textiles,…
India’s GDP data robust, new series in February
India’s gross domestic product (GDP) calculation is based on updated and dynamic trends such as Unified Payments Interface (UPI), ecommerce, transport & food aggregators and…