Search Results for: fiscal deficit

Economic slump expected to deepen as direct tax collection runs in negative zone

Direct tax collections stood at Rs 7.26 lakh crore in the April-January 15 period of FY20 as compared to Rs 7.73 lakh crore in the same period of the previous year.

Jan 22, 2020

IMF's Gita Gopinath projects economic recovery for India in 2020-21

The recovery "should come from the monetary stimulus that has been put in the system and some of it from the corporate tax cut," she said at a news conference in Davos for the release of the World Economic Outlook (WEO) update.

Jan 21, 2020

Wealth of India's richest 1% more than 4 times that of 70% poorest, reveals study

Releasing the study 'Time to Care' ahead of the 50th Annual Meeting of the World Economic Forum (WEF), rights group Oxfam said that the world's 2,153 billionaires have more wealth than the 4.6 billion people.

Jan 20, 2020

Budget 2020: Check date, time; what can we expect from this year's budget?

The union budget for the fiscal year, 2020-21 will be presented by Sitharaman on February 1 at 11 am, which is a Saturday, and the Economic Survey will be published on January 31.

Jan 17, 2020

Here's why government is seeking Rs 19,000 crore dividend from oil companies

The snail-paced Indian Economy has led to the government getting lower than expected GST collection from the companies.

Jan 15, 2020

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As retail inflation soars high, RBI likely to put hold on rate cuts

Economists say that rising headline and food inflation would soon feed into core inflation - stripping out food and fuel prices.

Jan 14, 2020

CCI reviews anti-trust complaint against Maruti Suzuki for pushing favored insurance plans

The CCI in June last year received an anonymous complaint alleging insurance plans recommended by Maruti while selling cars resulted in customers paying more.

Jan 10, 2020

'Lack of credit, lower consumption led India's growthrate to 5%': World Bank

India's growth rate is forecast to be only 5 per cent for the current fiscal year, weighed down by growth of only 4.5 per cent in the July-September quarter.

Jan 9, 2020

Union budget 2020: Income tax relief for middle class on cards

The central government has held multiple discussions on this issue to spur economic growth and the proposal to reduce the tax burden as a step to boost demand in the country.

Jan 7, 2020

Govt mulls over cutting spending to curb deficit; may hurt growth

Asia's third-largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending.

Jan 7, 2020

Sensex, Nifty stumble as oil jumps after US air strikes Baghdad International Airport

India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings.

Jan 3, 2020

India's merchandise exports could rise to $330-340 billion in FY20: FIEO

If the global situation improves, which is likely in the first half of 2020, India may look for 15 per cent growth in exports during the next financial year.

Dec 31, 2019

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Here's why government will struggle to achieve its fiscal deficit target

The economy sinking to a six-and-half-year low of 4.5% in September quarter has made it tougher for the government to achieve its fiscal deficit target.

Dec 26, 2019

Amid economic slowdown in India, IMF calls for 'urgent action'

According to the annual review of International Monetary Fund, India's Declining consumption and investment, and falling tax revenue, have combined with other factors to put an halt to the fastest growing economies in the world.

Dec 24, 2019

Day after Amit Shah showered praises on Sitharaman, IMF signals slashing India's growth estimates

The statement from the IMF has come at a time when Home Minister Amit Shah finally admitting that the country is facing a slowdown because of the conditions in the global economy.

Dec 18, 2019

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