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This is regarding the fact that the estimate was done by NCAER (National Council of Applied Economic Research) for the ninth Finance Commission for terminal ideal GST, whereas GST -- which is work in progress - may take 20 years. It is not that you are going to get 1.5-2 per cent (additional) GDP growth overnight, said Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister. (Photo: File | PTI)
Impact of GST will take time to show results: Bibek Debroy
17 Dec 2019 12:03 PM

Collections under the GST, which was introduced in July 2017, has remained mostly below the target.

RBI Governor Shaktikanta Das hoped for the US-China truce on trade tariffs, announced over the weekend, would last as he pitched for coordinated efforts to push global growth like those after the 2008 financial crisis. (Photo: File)
RBI saw slowdown, acted ahead of time by cutting interest rates from Feb: Das
16 Dec 2019 11:50 AM

?In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.

In return, the United States would suspend tariffs on Chinese goods due to go into effect on Sunday and reduce others, US officials said. (Photo: Representational)
US China trade deal cuts tariffs for Beijing promise of big farm purchases
14 Dec 2019 1:19 PM

Beijing has agreed to import at least USD 200 billion in additional US goods and services over the next two years.

In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by USD 1.891 billion to USD 421.258 billion, according to the data.
Forex reserves soar to touch all-time high of USD 453 billion
14 Dec 2019 11:07 AM

The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644 billion, the data showed.

"We have lowered our 2019 gross domestic product (GDP) growth forecast for India to 5.6 per cent, which is lower than 7.4 per cent growth in 2018," Moody's said in a report.
Moody's cuts India's GDP growth forecast to 5.6 pc for 2019
13 Dec 2019 1:51 PM

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

Among districts, the funds were released to about 4.72 lakh farmers in Anantapur, 4.05 lakh in Kurnool, 4 lakh in East Godavari, 3.89 lakh in Guntur, 3.75 lakh in Chittoor, 3.48 lakh in Prakasam, 3.22 lakh in West Godavari and 3.04 lakh in Krishna so far.
Centre releases PM-KISAN funds to 43.20 lakh Andhra farmers till Nov
12 Dec 2019 1:22 PM

As per the agriculture ministry data, the central government has released funds to 43.20 lakh farmers.

FADA President Ashish Harsharaj Kale said agriculture produce has now started trickling into the markets after the extended monsoon season, which is contributing towards the uptick in semi-urban and rural markets.
Passenger vehicle retail sales up 1 per cent in November: FADA
11 Dec 2019 4:52 PM

Total sales across categories rose 2 per cent to 21,05,508 units in November as against 20,54,296 units in the same month last year.

In September, ADB forecast India's GDP to grow 6.5 per cent in 2019-20 and 7.2 per cent in the year thereafter. (Photo: File | AFP)
ADB trims India's GDP growth forecast to 5.1 per cent in FY20
11 Dec 2019 11:53 AM

Asian Development Bank said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

Sales of commercial vehicles were down 14.98 per cent to 61,907 units in November, SIAM said. (Photo: Representational)
Passenger vehicle sales decline marginally in November
10 Dec 2019 11:37 AM

Domestic car sales were down 10.83 per cent to 1,60,306 units as against 1,79,783 units in November 2018, according to data.

The value of total notes in circulation as at end of March 2019 stood at Rs 21,109 billion, Minister of State for Finance Anurag Thakur said in a written reply in the Lok Sabha on Monday. (Photo: File | PTI)
Currency in circulation rises to Rs 21 lakh crore as on March 2019: Thakur
10 Dec 2019 9:22 AM

MoS Finance Anurag Thakur was responding to a query whether currency notes in circulation increased post-demonetisation.

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