Search Results for: fiscal deficit

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

Wholesale prices jump in November; Annual rate of inflation rises to 0.58%

India's annual rate of inflation based on wholesale prices jumped to 0.58 per cent in November from 0.16 per cent in October.

Dec 17, 2019

Amid talks of Zomato-UberEats merger, Swiggy's losses jumps five times

Notably, the development has come amid its arch-rival Zomato is planning to buy UberEats for an unconfirmed amount up to $200 million

Dec 16, 2019

Maruti U-turn may put India's plan to ease out diesel vehicles on reverse gear

Country's largest carmaker Maruti Suzuki may not want to miss out on the diesel vehicle market share as rivals remain silent on exiting the segment.

Dec 13, 2019

SBI under-reported bad loans by Rs 12,000 crore in FY 19, reveals RBI report

The gross non-performing assets (NPAs) reported by the bank stood at Rs 1.73 lakh crore as on March 31, 2019. However, gross NPAs as detected by RBI was at Rs 1.85 lakh crore for the period.

Dec 10, 2019

Big boost to middle-income segment on the cards as income tax rates may be cut

Finance Minister Nirmala Sitharaman hinted at the possibility of the government revising personal income tax rates and raising the taxable income floor.

Dec 8, 2019

RBI to make sixth interest rate cut, but will it help boost the economy?

Growing by 4.5 percent annually in the June-September quarter, down from 7 percent a year earlier, the economy is expanding well below the rate needed to generate enough jobs.

Dec 4, 2019

No decrease in direct tax collection, went up 5% in November: Sitharaman

FM Sitharaman categorically said that there was no decrease in direct tax collection. "In fact, there is an increase of 5 per cent in the gross direct tax collection till November this fiscal."

Dec 3, 2019

Centre may go for further disinvestments amid lower revenue generation & tax cuts: CLSA

In recent times, the government has been aggressively looking to disinvest Air India and BPCL to meet its fiscal deficit target.

Nov 30, 2019

India's economy seen growing at 4.7% in September quarter

The median of a poll of economists showed annual growth in gross domestic product of 4.7% in the quarter, down from 5.0% in the previous three months and 7% for the corresponding period of 2018.

Nov 28, 2019

The Air India plane flying the inaugural trip from Lucknow,

Will Air India suitors find truncated debt, 100% equity offer irresistible?

The government may pare down Air India debt to Rs 30,000 crore and offer 100% equity to the eventual buyer; Expression of interests in second attempt to sell national carrier may begin by December 15

Nov 28, 2019

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Paytm secures $1 billion in latest funding round, T. Rowe Price joins as investor

Paytm plans to invest ₹10,000 crores over the next three years to bring financial inclusion to areas, which are yet to get traction.

Nov 25, 2019

Bills on corporate tax, unified regulator for IFSCs to be tabled in Lok Sabha

Cabinet meeting in November approved the introduction of International Financial Services Centres Authority Bill, 2019, in the Lok Sabha.The bill provides for a unified financial regulator for IFSCs.

Nov 25, 2019

Registration of GST non-filers to be cancelled

The Mumbai office of the Principal Chief Commissioner of GST and Central Excise has issued directives to field officers for ensuring strict compliance.

Nov 17, 2019

Indian tax officials find Modi's targets too taxing, some quit

The target has been maintained even though Modi recently approved a massive cut in corporate taxes, which are part of direct taxes.