Indian Economy
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PM slams opposition over GST criticism; says ‘economy on track due to hard decisions’
Business | Oct 22, 2017, 11:20 PM ISTPrime Minister Narendra Modi said that the Goods and Services Tax (GST) has stopped corruption at check posts on borders of each states.
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2017-18 growth to be around 6.5%, lower than govt estimates of 7.3%, says PM’s EAC member
Business | Oct 17, 2017, 03:10 PM ISTOn fiscal deficit, Bhalla told Reuters that the country is likely to stick to fiscal deficit target of 3.2 percent of GDP in 2017-18.
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Jobs, slowing investment, US Fed hike policy challenges: Arun Jaitley
Business | Oct 15, 2017, 08:58 PM ISTArun Jaitley also said the highest priority for the government is to create new jobs as millions of young people enter the workforce every year.
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Agriculture sector didn't see reforms for 25 years: NITI Aayog Member
Business | Oct 13, 2017, 09:23 PM ISTRamesh Chand said that PM Narendra Modi has asked the NITI Aayog "to do something to bring about transformation in agriculture and doubling of farmer income".
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Reforms undertaken by India significant: World Bank chief
Business | Oct 12, 2017, 10:24 PM ISTThe World Bank yesterday forecast that India's GDP may slowdown from 8.6 per cent in 2015 to 7 per cent in 2017 because of disruptions by demonetisation and the GST.
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Modi's setting up of advisory panel admission of failure on economy: Congress
National | Oct 11, 2017, 11:49 PM ISTCongress leader RPN Singh said that PM's EAC was an institution designed to guide on a serious and complicated subject like economy.
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Job creation, economic growth key issues discussed in maiden meet of PM’s EAC
Business | Oct 11, 2017, 10:20 PM ISTBibek Debroy said that the panel picked 10 issues on which it will initially work. He added that whenever the panel will take any view on monetary policy, it will discuss with RBI.
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Reforms undertaken by govt have put Indian economy on stronger track: Arun Jaitley
Business | Oct 11, 2017, 04:28 PM ISTJaitley said that some of these steps like the demonetisation, the GST can have a transient impact on manufacturing for a quarter or so. But in the long run, these are institutional reforms and structural changes.
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Demonetisation, GST uncertainties affected India’s economic momentum: World Bank
Business | Nov 03, 2017, 02:55 PM ISTThe World Bank said in its report that India's economic momentum has been affected by disruptions from demonetisation and uncertainties around the GST.
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'Institutional reforms like GST, demonetisation put Indian economy on stronger track'
Business | Nov 03, 2017, 02:55 PM ISTArun Jaitley has said the series of reforms undertaken by the Modi government like demonetisation and the GST has put the Indian economy on a stronger track.
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Bold reforms have put India firmly on growth path: OPEC
Business | Oct 10, 2017, 08:03 PM ISTOPEC's Secretary General Mohammed Barkindo said that country's expanding middle class represents a growing source of demand, not just for energy but for goods and services from around the world.
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India's economic slowdown an 'aberration' due to temporary disruptions: World Bank
Business | Oct 05, 2017, 10:30 PM ISTThe recent slowdown in India's economic growth is an "aberration" mainly due to the temporary disruptions in preparation for the GST, the World Bank said on Thursday
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Rahul takes a jibe at PM Modi for dismissing critics of economic slowdown as ‘pessimists’
News | Oct 05, 2017, 07:24 PM IST -
Process of economic reforms incomplete, fresh thinking needed: Manmohan Singh
National | Oct 04, 2017, 11:35 PM ISTManmohan Singh said policy should be a judicious mix of both high rate of economic growth and a strong focus on containing economic inequalities.
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'Ready to make changes in GST to resolve traders' problems' | Top 10 quotes from PM Modi's speech at ICSI
National | Oct 04, 2017, 07:53 PM ISTRefuting criticism of his government's handling of the economy, PM Narendra Modi said that during the previous UPA regime, economy was below 5.7 per cent eight times.
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'Economic slowdown exaggerated by pessimists', says PM Modi at ICSI event
National | Oct 04, 2017, 07:42 PM ISTPrime Minister Narendra Modi on Wednesday addressed the Company Secretaries from all over India at a programme in New Delhi to mark the golden jubilee year of Institute of Company Secretaries of India (ICSI).
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Income inequality to rise further, jobs remain a chimera: Study
Business | Oct 01, 2017, 06:32 PM ISTThe study, by brokerage Ambit Capital, also said that this combination of joblessness, that has been deteriorating since the last few years, and income inequality poses a higher risk of social tension.
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India's April-August fiscal deficit at over 96 pc of target
Business | Sep 29, 2017, 11:04 PM ISTThe 2017-18 deficit -- the difference between revenue and expenditure -- has been pegged at Rs 5.46 lakh crore for 2017-18, as compared to the deficit of Rs 5.34 lakh crore for the last fiscal.
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Demonetisation helped increase revenue collections, says Arun Jaitley
Business | Nov 03, 2017, 02:12 PM ISTFinance Minister Arun Jaitley also said the number of taxpayers increased significantly from 4.72 crore in 2012-13 to 6.26 crore during 2016-17.
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Economy shifting gears; wrote article disputing father Yashwant Sinha on my own: Jayant Sinha
National | Sep 29, 2017, 03:23 PM ISTJayant Sinha said that his difference of opinion with his father was a ‘very serious discussion’ and that it should not be seen ‘in a personal way’.