The GDP always has a base year, which defines the composition of the economy in that year. As the composition changes, the base year needs to be revised regularly. Abhishek Waghmare explains how that is done.
Aiming to push India into the list of the top 10 agri export nations, the policy has been backed by the Prime Minister's Office
The forms might soon come "pre-filled" and taxpayers won't have to fill details such as income, income sources, and personal details
The expansion in total new orders was supported by greater sales to international markets
The G20 chair has suggested three areas for the talks in Argentina - the future of work, infrastructure for development and a sustainable food future, areas where India has a lot at stake.
To meet the yearly target, each of the next five months has to yield Rs 1.107 trillion GST collections.
The trend holds true globally as well, but with lower levels of inequality among the sexes, where on average, hourly wages of women are 16 per cent less than those of men.
The challenge before the government now is to use the factors that are favourable to its benefit.
Modi will have limited choice other than stressing upon a request for more time to decide on tariff rates, especially with elections in 2019.
For the second year in a row, India has been recognised as the fifth-best performing nation in reforming the business environment. However, in the two categories that the government was banking on most - "Paying Taxes" and "Resolving Insolvency" - landmark reforms that were expected to yield better results have had the opposite effect. Under the circumstances should the country celebrate already or are there any reasons for worry, wonders Subhayan Chakraborty.
Crorepatis' income rose by a staggering 40% between 2015-2016 and 2017-2018.
Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
Experts have flagged issues regarding the levying of new cess/tax, especially those related to complications in administering the cess.
'Curbs will again lead to the grey market developing, undoing all the work done over the last two-and-a-half years.'
Concerned by the continuous downward revision in the monthly net enrolment numbers, the EPFO has begun counting people quitting their previous jobs and joining a new one as an addition to the net payroll. According to experts these people cannot be counted as those who got a new job.
Among its closest neighbours, India leads in income levels or overall economic empowerment. However, it also leads in terms of income inequality, due to which the inequality-adjusted HDI suffers a bigger fall.
The US side had pushed for removal of price caps on medical equipment such as coronary stents and a commitment by India to reduce trade imbalance
Export trade during August 2018 recorded at $27.84 billion, a positive growth of 19.21 per cent, tweeted Prabhu.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
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