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Business Standard: Economy and Policy

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Economic News: Read Latest Economic News headlines, monetary policy highlights, Budget, RBI bulletin, news on Interest Rates, Indian economy, and analysis, from Business Standard.
Updated: 30 min 27 sec ago

Budget 2018: Steel industry demands removal of import duty on raw materials

1 hour 3 min ago
The raw material has to be necessarily imported because India hardly has any nickel resources, the association said
Categories: India News

Banking Q3 preview: Private banks to outperform PSBs; bad assets to go down

1 hour 56 min ago
While large private lenders will still be impacted due to higher provisions, we believe the pain will be relatively lower during the quarter
Categories: India News

India's R&D spending is up but least among all BRICS nations

Mon, 01/15/2018 - 11:15pm
As much as 81.3% of R&D expenditure incurred by central government sources came from just eight major scientific agencies
Categories: India News

Netanyahu showers praise on Modi; India, Israel pledge to fight terror

Mon, 01/15/2018 - 11:05pm
Netanyahu showered praise on Modi saying he is a 'revolutionary' leader who has catapulted India into the future
Categories: India News

Beyond Modi-Netanyahu bonhomie: India, Israel struggle to add heft to ties

Mon, 01/15/2018 - 10:00pm
Deals signed included subject areas like homeopathic research, film production and cyber security. Defence cooperation remained under wraps
Categories: India News

Fixing Aadhaar bugs: Putting a finger on the biometric problem

Mon, 01/15/2018 - 9:20pm
Ensure that Aadhaar enrolment centres are accessible to the elderly and wheelchair users; train the staff to be more sensitive to differently-abled people
Categories: India News

Budget 2018: This is what the technology sector wants from FM Arun Jaitley

Mon, 01/15/2018 - 3:52pm
Ahead of the announcement of Union Budget 2018, Tech Industry leaders share their concerns and demands
Categories: India News

CJI sets up 5-judge constitution bench for major cases; 'rebels' left out

Mon, 01/15/2018 - 3:42pm
This bench would hear the issue of the ban on the entry of women between 10 and 50 years of age in Kerala's Sabarimala temple
Categories: India News

IDFC Bank-Capital First merger: Share of retail loan to go up to 45%

Mon, 01/15/2018 - 3:36pm
The two announced their intention to merge to create an entity having Rs 880 billion in assets under management
Categories: India News

Affordable housing loans show good growth; NPAs rise too, says RBI

Mon, 01/15/2018 - 3:29pm
Housing finance companies (HFCs) and public sector banks (PSBs) experienced a slowdown in housing loan disbursements during 2016-17
Categories: India News

RBI can't always bail out bank treasury, says deputy governor Viral Acharya

Mon, 01/15/2018 - 3:25pm
The comment comes at a time when banks have been lobbying with the central bank to allow spreading their treasury losses over a few quarters
Categories: India News

Case for a prolonged pause on interest rates by RBI, say economists

Mon, 01/15/2018 - 3:16pm
But economists also say from now on minutes of the six-member Monetary Policy Committee meeting will make interesting reading
Categories: India News

Crisil inflation tracker: Headline WPI trips on food, core intact

Mon, 01/15/2018 - 3:07pm
In the first three quarters of this fiscal year, WPI inflation has averaged 2.9 per cent, compared with 0.7 per cent in the corresponding period a year ago
Categories: India News

PVR moves Allahabad High Court over issue of entertainment tax in GST

Mon, 01/15/2018 - 1:53pm
The HC has sent a notice to the state government, asking it to explain its scheme of entertainment tax
Categories: India News

MTM losses: RBI DG terms regulatory dispensations akin to steroids

Mon, 01/15/2018 - 12:32pm
The banks need to manage the interest rate risks in a better way, he said
Categories: India News

India reclaims its place as growth leader after short slowdown: IMF

Mon, 01/15/2018 - 12:23pm
Recently, World Bank had also projected India's growth rate in 2018 at 7.3 per cent and 7.5 per cent in the next two years
Categories: India News

Budget 2018: Govt may abolish dividend distribution tax, says EY India

Mon, 01/15/2018 - 11:20am
The finance ministry may consider taxing dividend in the hands of shareholders and do away with the dividend distribution tax (DDT) in the Budget to be unveiled on February 1, EY India said today. In its pre-Budget expectations, EY said DDT has become burdensome for corporates due to various factors such as high rate, litigation on disallowance and hence the return on capital employed has significantly diminished. "There is a strong stock market momentum and the government may not risk to slow down the same by introducing long term capital gains tax on equities market," EY India Partner & National Leader, Business Tax Services, Garima Pande said. In the Budget 2015-16, Finance Minister Arun Jaitley had said that the basic rate of corporate tax in India at 30 per cent is higher than the rates prevalent in other major Asian economies, making domestic industry uncompetitive, and it would be brought down to 25 per cent over four years. "Corporate income tax rate ...
Categories: India News

Budget 2018: FinMin may tweak Minimum Alternate Tax norms to boost industry

Mon, 01/15/2018 - 11:16am
There is a need to revisit the corporate tax rate in Union Budget 2018-19, to be presented to Parliament on February 1: Expert
Categories: India News

RBI may revise upwards inflation forecast for the year, says DBS Bank

Mon, 01/15/2018 - 11:02am
It has currently factored in no change in rates in 2018 and two 25 basis points hikes next year
Categories: India News

Export growth rate dips by half in Dec; trade deficit at 3-year high

Mon, 01/15/2018 - 11:01am
The pace of growth in export declined by a little more than half in December as compared to November, even as these grew by double-digits for a second month in a row.At $27 billion, export was up 12.4 per cent in December compared to 30.5 growth in November. The December figure has again prompted exporters to air grievances about refunds in the goods and services tax (GST) regime. However, they say the country is on course to meet the target of $300 billion in 2017-18.The growth rate declined in refinery products, engineering, electronics and gems & jewellery, among others. For instance, oil export growth declined to 25.1 per cent, from 47.7 per cent in November; engineering goods to 25.3 per cent, from 43.8 per cent; electronics to 4.8 per cent, from 26 per cent; and gems & jewellery to 2.4 per cent, from 32.7 per cent. Agriculture produce added to the items which contracted in December, due to subdued demand globally. Import rose 21.1 per cent in December to $41.9 bn due to .
Categories: India News

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