Economy
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Higher GST rate likely on oil, chicken; TV, ACs could get cheaper
Oct 20, 2016, 04:54 PM ISTThe upcoming GST regime may see a higher levy on goods and commodities related to the common man likely to result in expanded assessments on kitchen staples, for example, eatable oils, flavors and chicken. According
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Power output growth doubles to 9.5 per cent in 2016: Piyush Goyal
Jul 04, 2016, 05:11 PM ISTNew Delhi: Marking a near twofold growth from the previous year, power generation in the country has risen up to 9.5 per cent in 2016 so far, Power Minister Piyush Goyal said today. The power
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7th Pay Commission to drive domestic demand, says economists
Jun 29, 2016, 05:31 PM ISTNew Delhi: The recommendation of the 7th pay commission approved by Union Cabinet on Wednesday, to increase the salaries of over 1 crore government employees and pensioners by at least 23.5 per cent, will have
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Government’s focus on economically backward eastern India: Modi
National | Jun 02, 2016, 04:03 PM ISTBhubaneswar: Prime Minister Narendra Modi on Thursday said his government was emphasizing on the development of the economically backward eastern states to uproot poverty in the region. “We don’t want any state or any region
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GDP growth beats estimates, grows 7.9 per cent in quarter ending March 2016
May 31, 2016, 07:46 PM ISTIndia’s Gross Domestic Product (GDP) grew by 7.9 per cent in the quarter ending March 2016, up from the 7.2 per cent clocked during the quarter ending December 2015.
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Impact of drought on economy pegged at Rs 6,50,000 crore
May 11, 2016, 05:47 PM ISTNew Delhi: Drought in 10 states is estimated to impact the economy by at least Rs 6,50,000 crore as about 33 crore people across 256 districts are facing the grave situation, a study has revealed.
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Only peace can allow government to resuscitate JK's economy: Mehbooba Mufti
India | May 09, 2016, 07:31 AM ISTSrinagar: People of Jammu and Kashmir become the first casualty of any hostile environment between India and Pakistan, Chief Minister Mehbooba Mufti today said, underlining that only sustained peace in the region can allow her
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WTO warns of threat to global economy due to slowdown in China's growth
World | Apr 07, 2016, 06:47 PM ISTGeneva:The World Trade Organization on Thursday revised its 2016 global trade forecast downward by more than one percentage point, warning that a slowdown in China and broad market volatility continued to threaten growth. In September,
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India should grow as a society not just as economy: Suresh Prabhu
National | Mar 30, 2016, 11:32 PM ISTUnion Minister Suresh Prabhu today said growth of a nation should include holistic development of a society and its culture rather than only being in terms of economy.
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Defence Minister Manohar Parrikar unveils Defence Procurement Policy
Mar 28, 2016, 01:21 PM ISTPanaji:Defence Minister Manohar Parrikar today unveiled the much-awaited Defence Procurement Procedure, saying it will ensure transparency and speed in acquisition process and boost the 'Make in India' initiative to reduce dependence on exports. "The
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Economy to grow at 7-7.5 pc in 2016-17, 7.6 pc in current yr
Feb 26, 2016, 06:40 PM ISTNew Delhi: Ahead of the Union Budget, the Economic Survey today termed external environment as challenging but projected a 7-7.5 per cent GDP growth rate in the next fiscal which could accelerate to eight per
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Computer science should be taught as basic skill in US: Barack Obama
World | Jan 31, 2016, 07:46 AM ISTWASHINGTON: President Barack Obama today emphasised on the need for teaching computer science as a basic skill to all children in the US and asked Congress to provide funding to help students especially girls and
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GDP growth for 2014-15 marginally revised down to 7.2%
Jan 29, 2016, 07:55 PM ISTNew Delhi: Government has marginally revised downward the economic growth for 2014-15 to 7.2 percent from the earlier estimate of 7.3 percent after factoring in latest data on agriculture and industrial production."The real GDP or
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Government examines coastal economic zones to boost manufacturing
Jan 26, 2016, 08:51 PM ISTNew Delhi: Government is planning to create coastal economic zones along the country's 7,500-km long coastline covering many states, ports and special economic zones having uniform policy to further boost manufacturing."There is a thinking in
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Indian economy less vulnerable to external shocks: S&P
Jan 26, 2016, 12:37 PM ISTNew Delhi: Indian economy is less vulnerable to external shocks as it is mainly driven by household consumption and government spending, and not dependent on hot money which can move out quickly, Standard & Poor's
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Israel should build long-term stakes in Indian economy: Swaraj
Jan 19, 2016, 07:44 AM ISTJerusalem : Asserting that economic relationship is the key to developing Indo-Israel ties, External Affairs Minister Sushma Swaraj today asked the Jewish state to look beyond trade for building "long-term stakes" in the Indian economy. Swaraj,
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Without bribe, no work gets done in India: Arvind Kejriwal
Jan 08, 2016, 04:13 PM ISTKolkata: Delhi Chief Minister Arvind Kejriwal believes that doing business in India is very difficult because one needs to bribe officials to get work done. “The more I get deeper into governance, I realise how difficult
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India likely to grow at 7-7.5 pc in 2016: Kaushik Basu
Dec 29, 2015, 08:38 PM ISTHyderabad: The Indian economy is expected to grow at 7 to 7.5 per cent in 2016, World Bank chief economist Kaushik Basu said today.“Roughly it is in a ballpark of the kind of figure.We (World
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India may be third largest economy after 2030: Study
Dec 27, 2015, 04:36 PM ISTLondon: India could become the world's third largest economy after 2030 and its ascension could see France and Italy kicked out of the exclusive G8 group or its membership increased to 10 to accommodate India
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Chinese imports a challenge to domestic steel industry: Gadkari
Dec 25, 2015, 11:45 PM ISTJalna: Increased steel import from China is hurting the Indian steel industry and the government was working towards a solution to the problem, Union Minister Nitin Gadkari said here today."Domestic steel industry has been facing