News related to business and economy
While an average Indian family prefers to have two children, there are instances where families have more than five children if the last child is not a male. The Economic Survey has mentioned that the desire for a male child has created 21 million “unwanted” girls in India between 0 and 25 years. Chapter Seven […]
Finance Minister Arun Jaitley presented his Budget for the year 2018-19 in Parliament on February 1, 2018. The budget is largely focused on uplift of agricultural sector, along with major push to healthcare and education sectors in the country. The FM claimed that government has worked sincerely, and without weighing the political costs, hoping that […]
GDP to grow 7-7.5% in FY19; India to regain fastest growing major economy tag GDP growth to be 6.75% in FY2017-18. NITI Aayog Vice Chairman says that he hopes the government sticks to its 3% fiscal deficit target for FY19 but that it was possible that the deficit could end up being higher than that. […]
The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to a number of amendments in the FDI Policy. These are intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. In turn, it will lead to larger FDI inflows contributing to growth […]
India’s retail inflation unexpectedly accelerated to a 15-month high of 4.88% in November 2017 while industrial production slowed down to 2.2% in October. Retail inflation, which rose 3.58% in October, rose in the subsequent month mainly on account of rising fuel and food prices. While fuel price inflation accelerated to 7.9%, food price inflation was […]
According to the World Inequality Lab’s World Inequality Report 2018, the richest 1% captured twice as much as the poorest 50% of world population since 1980. In other words, since 1980, 27% of all new income worldwide was captured by the richest 1%, while the poorest 50% captured only 13% of growth. The World Inequality Report […]
The Union Cabinet approved (December 15, 2017) a proposal mandating that government will bear the merchant discount rate (MDR) charges on transactions up to Rs 2,000 on all debit card, BHIM UPI and Aadhaar-enabled payment systems in order to promote digital transactions in the country. This means apart from merchants, consumers will not have to […]
Massive tax cuts for working families across America,” was how Donald Trump described the tax bill, which passed the Senate on Saturday, in the first legislative success of his Presidency. Trump also approvingly re-tweeted a group of economists at the weekend who claimed that: “The enactment of a comprehensive overhaul – complete with a lower corporate tax rate – […]
The Reserve Bank of India in its fifth bi-monthly policy review of the fiscal year announced on December 26, 2017 that it is keeping the key interest rates unchanged at 6%. The RBI also maintained its projection for FY18 real GVA (Gross Value Added) growth at 6.7 per cent, saying the risks are evenly balanced. The […]
The Asia-Pacific Economic Cooperation (APEC) Summit was held in Da Nang, Viet Nam (November 6-11, 2017). Amid the fast changing geostrategic context and domestic situation in a number of countries, APEC Summit was marked by commitment to free trade and globalization despite US president Donald Trump’s reservation. It was the culmination of year-long hosting of APEC […]