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Economy

Heaviest rains in 25 years to help revive tepid rural demand

Economy

01 October, 2019

Heaviest rains in 25 years to help revive tepid rural demand

Monsoon rains in India were 10% above average in 2019 and the highest in 25 years as seasonal rainfall continued ......

Current account deficit narrows in June quarter

Economy

01 October, 2019

Current account deficit narrows in June quarter

India’s current account deficit (CAD) narrowed to 2% of gross domestic product in the June quarter of the fiscal year ......

Govt may seek $4.3 bn interim dividend from RBI to bridge fiscal gap

Economy

30 September, 2019

Govt may seek $4.3 bn interim dividend from RBI to bridge fiscal gap

The Indian government may request an interim dividend of around 300 billion rupees ($4.3 billion) from the Reserve bank of ......

GDP growth to improve in second half of FY20: Finance minister Sitharaman

Economy

27 September, 2019

GDP growth to improve in second half of FY20: Finance minister Sitharaman

India’s economic growth is likely to pick up in the October-March period as consumer demand is expected to improve, Finance...

Why PM Modi's corporate tax cut is unlikely to spur job bonanza

Economy

25 September, 2019

Why PM Modi's corporate tax cut is unlikely to spur job bonanza

With one eye on flagging demand, businesses in India are likely to bank the government's $20.4 billion corporate tax windfall...

ADB slashes India growth estimate as global trade tensions escalate

Economy

25 September, 2019

ADB slashes India growth estimate as global trade tensions escalate

 Escalating trade tensions between the United States and China have darkened the outlook for developing Asia, with the region...

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In six months, Ayushman Bharat's use rate will be about 12 mn a year: CEO Indu Bhushan

Economy

23 September, 2019

In six months, Ayushman Bharat's use rate will be about 12 mn a year: CEO Indu Bhushan

Ayushman Bharat, the Modi government’s ambitious health insurance scheme, was launched last year with much fanfare. Dubbed Modicare, it aimed ......

Govt says no plans to revise fiscal deficit target or cut spending now

Economy

23 September, 2019

Govt says no plans to revise fiscal deficit target or cut spending now

India will not revise its fiscal deficit target immediately and is not planning any spending cuts at this stage, the ......

Rating firm S&P Global says India's corporate tax cuts are 'credit negative'

Economy

20 September, 2019

Rating firm S&P Global says India's corporate tax cuts are 'credit negative'

Rating firm S&P Global said on Friday India’s move to cut corporate tax rates was a “credit negative development”...

Govt gives companies $20.5 bn tax break in bid to revive growth

Economy

20 September, 2019

Govt gives companies $20.5 bn tax break in bid to revive growth

Indian Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in Asia’s...

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