Economy
FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.
Exports to rebound in 2020 but growth to remain subdued
28 Dec 2019 12:37 PM

Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)
Inflation leaves consumers teary-eyed as pricey onions, food items bite
27 Dec 2019 1:15 PM

For most part of 2019, the government was successful in price control but the party seemed to have lost the sheen lately.

GDP growth touched a six-year low at 4.5 pc in the second quarter as manufacturing output slumped and consumer demand as well as private investment weakened.
When Rahul Bajaj broke deafening silence of India Inc
24 Dec 2019 11:56 AM

The auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.

Given current sentiments, 2020 may not register high growth but weather is expected to play a key level for growth. A hot elongated summer may drive growth for cooling products in the first half, said CEAMA President Kamal Nandi.
Consumer durables clock growth in 2019; economic slowdown a threat in 2020
23 Dec 2019 9:32 AM

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent.

We expect growth to gradually recover to 5.6 per cent in FY2020-21 and 6.5 per cent in FY2021-22 with support from easing monetary and fiscal policy and structural measures that may also support growth over the medium term Fitch said in a statement on Friday. (Photo: PTI/File)
Fitch cuts India GDP growth forecast to 4.6 pc in FY20
20 Dec 2019 5:03 PM

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth outlook.

Of the total investments made till the end of November, Rs 52,749 crore was invested in equities, Rs 16,238 crore in debt and Rs 683 crore in derivatives segments. (Photo: Representational/PTI)
Investments via P-notes decline to Rs 69,670 cr at Nov-end
20 Dec 2019 1:19 PM

The total value of investments via P-notes in the Indian markets declined by Rs 7,103 crore to Rs 69,670 at Nov-end.

As per a release issued by the industry chamber, DPIIT Secretary Guruprasad Mohapatra said a district-wise ease of doing business plan is slowly evolving in which the four local bodies will partake in improving the business climate and ease of living, along with the centre and the state government. (Photo: Representational)
DPIIT optimistic of India breaking into top 50 in 'ease of doing biz' ranking soon
19 Dec 2019 5:26 PM

India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.

Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market, KPMG India national head (Financial Services) Gayathri Parthasarathy said in the report.
Room for strong growth for microfinance in India: KPMG
19 Dec 2019 11:51 AM

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.

The Council also rationalised tax rate on woven and non-woven bags to 18 per cent. (Photo: DC)
GST Council fixes 28 per cent uniform tax rate for lottery
19 Dec 2019 9:17 AM

The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017.

In the meeting, the GST target was set at Rs 1.10 lakh crore every month between December 2019 and March 2020. Of these four months, Rs 1.25 lakh collections has to be achieved in at least one month, the sources said.
Govt sets Rs 1.1 lakh cr monthly GST collection target; asks taxmen to buckle up
17 Dec 2019 5:44 PM

Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.


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