Browsing CategoryEconomy

29 Jun 2018 The historic and transformational Goods and Services Tax (GST) completes one eventful year this week! One of the most significant reforms in the field of indirect taxes in India, the landmark GST was introduced on 1st of July 2017. Its objective was to harmonize the tax regime of…

01 Jun 2018 In a press release issued on 26 May, the Confederation of Indian Industry (CII) had stated that the Indian economy has benefited from key structural reforms over the last few years and a higher growth rate can be expected. The GDP growth data brought out by Central…

27 Mar 2018 As Financial Year 2017-18 (FY18) draws to a close, it is worth taking a look at India’s economic performance over what has been quite an interesting period. While the first quarter of the year saw the impact of demonetisation settling down, in the next quarter, introduction of…

29 Dec 2017 With the New Year bells ringing, good news is underway for India as its economy is poised to win back its tag of the fastest growing economy in the world. The recent upgrade of India’s rating by the US based credit rating agency Moody’s (Baa2 from Baa3)…

17 Oct 2017 Ahead of Diwali, several economic indicators have turned positive, adding a good note to the festivities! The International Monetary Fund (IMF) says that India will grow at 7.4% in 2018 and also expects the country to regain the tag of ‘fastest growing major economy’. Recent reforms such as the…

29 May 2017 1.Cabinet approves setting up of Rail Development Authority The Union government has approved the setting up Rail Development Authority (RDA), an independent regulator to recommend passenger and freight fares and set service level benchmarks. Setting up of RDA will help improve the services offered to passengers, provide…

15 May 2017 India’s economic growth remains resilient, with official projections of FY17 Gross Value Added (GVA) growth at 6.9 per cent, and RBI forecasting an uptick in FY18 growth to 7.4 per cent. The pressing issue now is to sustainably accelerate India’s growth up to 8 per cent and…

27 Apr 2017 An unexpected currency swap drive was launched on 8 November last year, as a part of which all 500 and 1000 rupee notes were demonetized as legal tender and were to be exchanged for new tender in 500 and 2000 rupee denominations. This move, which removed 86%…

25 Apr 2017 While the GDP growth rate remains encouraging, the Indian economy suffers from declining investment, slow industrial growth, overcapacity and rising bank non-performing assets (NPAs). NPAs – Bank NPAs at 9.3% with public sector banks at 11% is a matter of high concern. NPAs are close to Rs…

25 Apr 2017 After a long period of uncertain global economic trends, there are some signs that economic activity is stabilizing and rebounding, led by emerging economies. While the IMF expects advanced economies to expand by 2 per cent in 2017 and 2018, the projection for emerging economies is far…