India’s gold imports in terms of quantity in the first half of 2017 crossed the entire imports of 2016. According to data compiled by GFMS
Category: Economy
Manufacturing PMI at four-month low of 50.9 in June | Business Line–09.07.2017
Business optimism falls to a three-month low with some firms concerned over GST Manufacturing activity fell to a four-month low in June despite a rise
GST impact: Pile up of export goods weighs heavy on govt | Business Standard News–08.07.2017
The government is moving fast on combating growing cases of export consignments stuck nationwide, owing to operational difficulties post the implementation of the goods and
Loan waiver, GST rates to push tractor sales to all-time high in FY18 | Business Standard News–08.07.2017
With multiple tailwinds helping them, tractor makers Mahindra and Mahindra (M&M) and Escorts are set to post strong sales in FY18. Reduction in goods and
Don’t take coercive steps against farmers for loan recovery: SC to banks–Business Standard–08.07.2017
Financial institutions should not resort to coercive action for recovery of loans from farmers in case of crop failure and the government should intervene in
GST impact on rates: There should be a single rate for everything, says Bibek Debroy–Financial Express–08.07.2017
Exemptions mean loss in revenue. In FY16, such concessions/incentives on excise duty had a revenue impact of Rs 2,24,940 crore. What is a good and
GST benefits will emerge shortly, says Shaktikanta Das–Business Line–08.07.2017
The benefit of Goods and Services Tax (GST) will become apparent in a couple months as manufacturers and businessmen realise the advantage of input tax
Demonetisation effect: Advance tax given by individuals in June quarter rises more than 40%–Economic Times–07.07.2017
Advance tax payments for the current financial year by individuals rose more than 40% in the June quarter from the year-earlier period. Meanwhile, the government
Jobless growth: Economists disagree over claims of jobless growth – The Economic Times–07.07.2017
The government has been repeatedly brushing aside criticism that India is growing without creating jobs. Now, it has the backing of some top economists who
‘Manmohan Singh’s 1991 budget was biggest reform country has seen. GST deals with just one indirect tax’–Times of India–07.07.2017
You have written about the difficulty of economic reforms in India because of a lack of political acceptability. How difficult was it to pass GST?
Paul Krugman blames note-ban, RBI & strong Re for tepid growth–Business Standard–06.07.2017
Blaming the Modi government’s note-ban, hawkish monetary policy of RBI and a strong rupee for the tepid growth, Nobel winning economist Paul Krugman on Wednesday
Investment in manufacturing key for India–Business Standard–06.07.2017
During his recent visit to the US, Prime Minister Narendra Modi met the chief executives of several American corporations, presumably to market India as an
Importing an export problem: India is becoming a high cost economy in agro-related items–Financial Express–06.07.2017
Data analysis of India’s seven select but vital agro-related items of exports reveals that there is a sharp slump—40% in their overall value—during last four
Farm loan waivers, high MSPs result from government blocking exports, other markets for farmers–Financial Express–06.07.2017
Chief economic advisor Arvind Subramanian, it appears, will be red-flagging the impact of farm loan waivers in the second volume of the Economic Survey later
Pulses mismanagement has hit traders too–Business Line –06.07.2017
This is because excess imports added to the difficulties of managing a bumper crop. Imports need better regulation Despite record harvests and record imports, the
‘Is RBI Governor responsible only for inflation?’–Business Line–06.07.2017
YV Reddy saw it all as a central banker. Unstable currency markets, the dotcom boom and bust, searing growth in the Indian economy and the
Cold-shouldered by Trump–Business Line–06.07.2017
Prime Minister Narendra Modi’s recent visit to the US has done precious little to soften the Trump government’s hard posture on the trade front with
Cash is back–Business Standard–05.07.2017
A day after launching the goods and services tax regime, Prime Minister Narendra Modi reasserted his government’s commitment to curbing black income and tax evasion.
GDP growth not as encouraging as it seems, says Rahul Bajaj–Financial Express–05.07.2017
Rahul Bajaj said in its latest advance estimate, the Central Statistical Organisation has pegged India’s real GDP growth for last financial year at 7.1 per
Bank loans to individuals: Growth hits slowdown in May–Financial Express–04.07.2017
The growth in bank loans to individuals was 13.7% year-on-year (y-o-y) in May, compared with 19.1% recorded in the same month of 2016, data released