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Economic Times: Indian Economy
News on Indian Economy, Economic Indicators, Government Policy for Economy, Industries Fiscal & Monetary Measures. News & analysis on Domestic and International Trade, National and State Finances, Budget, Government Regulation, Monetary Policy, RBI Rates, Interest Rates, CRR, Indian Trade, Monetary and Industrial Policy.
Updated: 52 min 34 sec ago
India plans to regulate social media as it can cause disruption
India joins a growing list of nations seeking to regulate social media in a bid to combat false information.
Categories: India News
View: India needs one-year programmes that can boost demand during cyclical slowdowns
In India, there are no automatic stabilisers that can propel economy when domestic and global demand are down.
Categories: India News
View: To fuel the economic growth, bring villages closer to towns
India needs to add manufacturing to the still overwhelmingly agricultural rural economy to create jobs. This can be done by setting up units in food processing, dairy, poultry and fisheries.
Categories: India News
Karnataka mulls providing social security to Uber, Ola, delivery persons
Minister S Suresh Kumar pointed out that unorganised work force in Karnataka was huge and according to 2011 numbers, it is to the tune of 2 crore people. Protecting their interest and providing them facilities was government's duty.
Categories: India News
Household wealth more than doubles to $12.6 tn in 2019: Credit Suisse
The startling report comes at a time when many analysts are concerned over almost all the key indicators are heading south or even contracting forcing the government to offer massive tax giveaways.
Categories: India News
India's Trilemma: Balancing energy security, access & sustainability
India is being pragmatic about its energy use, looking for alternatives but not sacrificing energy consumption that's vital for a growing economy. India scores 50 in sustainable energy, a mid-point score that fits with its current realities.
Categories: India News
Indian edible oil industry has issued advisory to avoid import of palm oil from Malaysia
There were media reports that Government of India may take some action to curtail the import of palm oil from Malaysia following the hostile attitude by Malaysia at the United Nation on Kashmir issue.
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Piyush Goyal says differences resolved with US over trade deal
The two countries slapped higher tariffs on each other's products earlier this year and the U.S. withdrew a key trade concession to India, but have since been trying to work out a limited pact.
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New foreign trade policy may have simpler export promotion schemes
In the new policy, changes are expected in incentives given to goods as the current export promotion schemes are challenged by the US in the dispute resolution mechanism of the World Trade Organisation (WTO).
Categories: India News
Setting up mechanism to handhold investors: DPIIT secretary
Guruprasad Mohapatra said the proposal is being sent to the Union Minister Piyush Goyal for approval, the new mechanism will help in all approvals and clearances that a company requires to set up a plant in a state or district or town.
Categories: India News
View: De-globalisation & what emerging markets should learn from this
Emerging markets have been the biggest beneficiaries of the globalisation making them competitive. As the phenomenon loses its sheen in advanced economies, here's what lessons the emerging economies should draw from it.
Categories: India News
Government looks to ease more FDI rules to attract investments
The department for promotion of industry and internal trade (DPIIT) has initiated an in-house exercise to identify additional sectors for easier FDI rules before it takes them up with the ministries concerned, sources said.
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EPFO members may get option to draw pension after 60
The proposal to increase the superannuation age for drawing pension under the scheme is expected to help a beneficiary grow his/her pension kitty, while also aiding the pension fund in reducing its deficit.
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Tax cuts for the rich is necessary for growth is a mantra that needs to be questioned: Abhijit Banerjee
Banerjee speaks on tax cuts for the rich, AI and the future of jobs, bad politics, and many other things.
Categories: India News
Top leaders from India, US to discuss trade, geopolitics at leadership summit
The second annual India Leadership Summit would also be attended by former US Secretary of State and statesman Henry Kessinger, Condoleezza Rice, India's External Affairs Minister S Jaishankar among others.
Categories: India News
Houses being constructed under PMAY (U) will be occupied by beneficiaries by 2021: Hardeep Singh Puri
According to the Union Housing and Urban Affairs Ministry which is mandated to implement the ambitious scheme of Prime Minister Narendra Modi, 53.40 lakh houses were grounded a few days back while 27.17 lakh houses have been completed.
Categories: India News
Global economic risks reinforce need to strengthen multilateral global co-operation, besides govt initiatives: Sitharaman
She stated that in pursuing investment-led growth, one should not neglect sustainability, efficiency and transparency in debt and tax policies. She said IMF should provide solutions that are specific to important growth geographies.
Categories: India News
India expresses disappointment over lack of support for IMF quota increase
India views "the lack of adequate support for a quota increase under the 15th General Review of Quotas as somewhat disappointing", Union Finance Minister Nirmala Sitharaman said in her address to the annual meeting of the IMF in Washington.
Categories: India News
Special scheme on cards to promote component manufacturing
Govt looking beyond mobile phones manufacturing, seeks inputs for MSIPS-like incentive package. MSIP scheme provides multiple incentives tax holiday for certain years, capital subsidy and reimbursement of central taxes and duties.
Categories: India News