Economy

Islamabad, Jan 12 (UNI) Pakistan Prime Minister Imran Khan said on Tuesday that his government will be forced to approach the Interna­tional Monetary Fund (IMF) again if the country’s exports did not increase sharply, Dawn reported on…

Mumbai, Jan 1 (UNI) CGST Mumbai Zone has recovered Rs 49.20 crores in cash pertaining to GST evaded by WazirX, a cryptocurrency exchange in India. The department also detected GST evasion of Rs 40.5 crores. The findings came to light while…

New Delhi, Dec 30: Ahead of assembly elections in some states including politically-significant Uttar Pradesh, Finance Ministry on Thursday said that State Bank of India (SBI) has been authorized to issue and encash electoral bonds through…

Hyderabad, Dec 29 (UNI) Telangana State Federation of Textile Associations (TSFTA) on Thursday strongly opposed the increase of GST on Textiles from 5 per to 12 per cent (120 per cent) by the Central Government from January next year.…

New Delhi, Dec 23: Chairman of the PM's Economic Council Bibek Debroy said on Thursday that as the per capita GDP rises, quality of the environment tends to improve. "There is a co relation between the two. Empirical exercises establish…

New Delhi, Dec 20: In the run-up to Union Budget, Prime Minister Narendra Modi on Monday met a group of top CEOs from across the industry and sought their inputs to reduce compliance burden. Top banker Uday Kotak, JSW Steel's Seshagiri…

Washington, Dec 16: The US consolidated its position as the world’s top recipient of foreign investment in 2020, a year in which the global total increased by 6 percent despite the pandemic, the International Monetary Fund (IMF) said in a…

Ahead of the three-year term of the outgoing Chief Economic Adviser (CEA) KV Subramanian coming to an end next week, three names have been shortlisted for the position. Two women candidates — Pami Dua, Professor, Delhi School of Economics,…

A NEW species of insect is damaging the chilli crop in several states in south India. Thrips Parvispinous, an invasive insect from Indonesia first seen in 2015, has spread rapidly, affecting chilli crop in nearly 9 lakh acres in Telangana…

NEW DELHI: Even as the whole world is taking a precautionary measure to control the spread of Omicron, it seems the impact of this new coronavirus variant is fading away from investors’ sentiment. The benchmark index — Sensex — on Wednesday…

MUMBAI: Projecting the inflation trajectory in line with its earlier estimate, the Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year. It is expected to…

With an aim to promote wider digitisation, Reserve Bank of India (RBI) on Wednesday announced that UPI-based digital payment solutions will be launched on feature phones. Only smartphone users have been availing Unified Payments…

It appears that inflation has entered the state of Schrodinger's theory, where price rise is both temporary and persistent simultaneously. On Wednesday, the RBI confirmed that headline inflation will likely peak in January-March 2022,…

NEW DELHI: Despite frequent requests from the insurance sector to reduce 18% Goods and Services Tax levied on the insurance premium, the Centre has said currently there is no recommendation to reduce the GST rate on health insurance…

India stands out as a “poor and very unequal country, with an affluent elite”, where the top 10 per cent holds 57 per cent of the total national income while the bottom 50 per cent’s share is just 13 per cent in 2021, according to the…