The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
12 out of 21 public sector banks reported declines in their loan books in the last financial year against seven such banks in 2015-16 and none in 2013-14.
Export growth picked up mainly owing to rising global crude prices, which pushed up processed petroleum exports by nearly 40 per cent, apart from a broad-based improvement in exports of major foreign exchange earners such as engineering goods and gems and jewellery.
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
For the PMO this is urgent as the Digital India framework would depend on how the telecom companies perform. It is also linked to the proposed auction of 5G airwaves.
The cut-off date the RBI chose was March 1, 2018. This meant that by the end of August if these accounts were not resolved, then they would have to proceed through insolvency.
It can be noted that the rupee lost nearly 7 per cent since the beginning of May as FIIs have pulled out nearly $4 billion from the domestic debt, as bond yields fell on expectation of RBI cutting rates on Monday.
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
The festive season starts from August and last till December.
The Indian basket represents the price of Oman and Dubai sour grade crude.
Nearly 240 projects were under various stages of implementation.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
While India is catching China in motorbike sales, it lags far behind in cars, which use more petrol per journey.
Deflation masked the rise in food inflation to a 5-month high.
RBI may hold rates steady as economic parametes are going strong, say experts.
The industry has stepped up its demand for a rate cut
Dy Governor notes it's an era of job changes for better.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
The minders of the Modi government's economic policy believe it would take 7 to 8 quarters -- or till around late 2018 -- for the economy to reap the rewards of demonetisation.
RE of GDP for 2015-16 show that the economy grew 7.9% in 2015-16, rather than the earlier estimate of 7.6 per cent.
The government recently announced a new formula for determining the price of natural gas, lowering it from $8.4 suggested by the C Rangarajan committee.
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
Hospitality chains are hosting dual brands on one property, looking for operational efficiencies without diluting their brands, says Shivani Shinde Nadhe.
RBI is expected to discuss about the impact of GST in its monetary policy.
'GST will bring in much needed transparency and higher investments in the coming years and we hope that a few percentage points to India's GDP.'
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Banks have not cut rates yet as March is typically a busy season.
The meeting will focus on how to make the crisis an opportunity for India.
The latest results suggest Tata Steel Europe may have lost pricing power, though production and turnover are up.
Indian basket at 6-month low of $49.11 a bbl
The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.
Lower inflation, FCNR(B) outflows likely to influence central bank decision
Reserve requirements, mandatory investment in G-secs under Companies Act may slow lending for HNI investment in IPOs.
The surge in the stock market has failed to stem the trend of small-sized brokers shutting operations.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
Onions had the highest inflation rate among all major commodities.
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
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