Economy
The government was of the blocks on day one and set the ball rolling on manifesto promises such as pension schemes for farmers, small traders and unorganised workers, the extension of PM-KISAN to all farmers, and setting up of a Jal Shakti Ministry. (Representational image)
21 Jul 2019 5:11 PM

Government spelt out its key priorities in the budget which was focused for making India a USD 5 trillion economy.

High-end phones that are getting sold in the grey market are estimated to cause a loss of Rs 2,500 crore annually on account of non-payment of basic customs duty (BCD) and also goods and services tax, said ICEA Chairman Pankaj Mohindroo.
21 Jul 2019 3:37 PM

The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000.

RBI Governor Shaktikanta Das.
20 Jul 2019 10:55 AM

At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.

During the week, the Sensex declined by 399.22 points or 1.03 per cent, while the Nifty shed 133.25 points or 1.15 per cent.
19 Jul 2019 6:00 PM

Led by a sell-off in auto and banking stocks, the 30-share Sensex cracked 560.45 points or 1.44 pc to settle at 38,337.01.

Providing access to LPG across India by 2020 is a major achievement, said IEA Executive Director Fatih Birol. (Photo: File | PTI)
19 Jul 2019 4:20 PM

So far, about 7.4 crore LPG connections have been given. The target is to give 8 crore connections by 2020.

The changes would ensure that indirect taxation-related matter would have greater simplicity and be effective, said Finance Minister Nirmala Sitharaman.
18 Jul 2019 3:01 PM

The government would also be bringing changes to seven laws related to direct taxes.

India is expected to grow by 7 per cent in 2019 (FY20) and 7.2 per cent in 2020 (FY21), slightly slower than projected in April because the fiscal 2018 outturn fell short, said ADB.
18 Jul 2019 9:52 AM

For the south Asia, ADB said outlook remains robust, with growth projected at 6.6 per cent in 2019 and 6.7 per cent in 2020.

The production problems stem from erratic weather in the district of Idukki, which accounts for at least a sixth of the global production and about three-quarters of India's small cardamom output.
18 Jul 2019 1:55 AM

The temple typically buys 120 tonnes a year of high quality small cardamom pods, the most sought after kind, to meet demand.

Niti Aayog had in 2017 suggested spinning off Coal India's subsidiaries into separate entities so that each can develop its strategy and business model.
18 Jul 2019 1:55 AM

Mahanadi, SECL, Northern and Central Coalfields eyed.

Ashwani Mahajan
18 Jul 2019 1:54 AM

The RSS was the key founder of the ruling BJP and has people it nurtured in top positions in the government, including Modi himself.


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