Home » Business » Economy

Economy - Page 133

Minister of State for Finance Anurag Thakur that PSBs wrote off Rs 47,658 crore, Rs 56,847 crore, Rs 79,048 crore, Rs 1,24,275 crore and Rs 1,86,632 crore during financial years 2014-15, 2015-16, 2016-17, 2017-18 and 2018-19, respectively, according to the RBI data.

Nearly 3 per cent of Mudra loans turn into bad loans: Govt

Minister of State for Finance Anurag Thakur gave this information in written reply to a question in the Rajya Sabha.

3 Dec 2019 4:17 PM IST

The barely two-year-old P2P lending market is estimated to be valued at more than Rs 300 crore. Since 2017, the Reserve Bank of India (RBI) has given approval to as many as 20 P2P firms. Four of these firms are based in Hyderabad.

RBI may go for sixth repo rate cut to boost economy

The economy is expanding well below the rate needed to generate enough jobs for the millions of young Indians.

3 Dec 2019 2:07 PM IST

Announcing the decision, Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in this alternative investment fund (AIF) while SBI and LIC would provide Rs 15,000 crore, taking the total size to Rs 25,000 crore. (Photo: File)

Government open to further reforms: FM Nirmala Sitharaman

Govt is committed for further reforms in sectors such as banking, mining, insurance among others said FM Sitharaman.

3 Dec 2019 12:32 PM IST

Nirmala Sitharaman

Tax collection rises by 5 per cent till November: Nirmala Sitharaman

Historically, maximum collection of direct taxes happens in the last quarter of the fiscal, she added.

3 Dec 2019 1:50 AM IST

The budget statement due February may include a proposal to tax dividends once they are paid to shareholders, rather than the current system where the company pays the levy, the people said, asking not to be identified as the deliberations are private.

Gross direct tax collection rises by 5 per cent till Nov: Sitharaman

The main objective of the reduction in corporate tax was aimed at attracting fresh investment in the manufacturing...

2 Dec 2019 7:22 PM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

GST mop-up crosses Rs 1lakh crore

The government, however, said the revenues shot up sharply in November due to festival demand in October.

2 Dec 2019 2:17 AM IST

The barely two-year-old P2P lending market is estimated to be valued at more than Rs 300 crore. Since 2017, the Reserve Bank of India (RBI) has given approval to as many as 20 P2P firms. Four of these firms are based in Hyderabad.

RBI policy, macro data to drive market

Investors will be closely monitoring foreign fund flows, crude movement and the rupee.

2 Dec 2019 2:15 AM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

GST revenue grows 6 per cent, crosses Rs 1 lakh cr in November

According to official sources, the number reflects pick up in consumption and improvement in compliance as well.

1 Dec 2019 4:45 PM IST

Announcing the decision, Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in this alternative investment fund (AIF) while SBI and LIC would provide Rs 15,000 crore, taking the total size to Rs 25,000 crore. (Photo: File)

Centre to invest Rs 100 lakh crore in new infra projects to boost...

PM Narendra Modi has taken various measures since 2014 to boost economic growth, including cutting the corporate tax.

1 Dec 2019 3:30 PM IST

According to the data released by the National Statistics Office (NSO), the GDP was at the previous low of 4.3 per cent in the January-March period of 2012-13, while it grew seven per cent in the corresponding quarter of 2018-19.

GDP growth at 6-year low: Economy grows at slowest pace since...

The Narendra Modi government recently took several measures to boost investments and bolster economic growth.

30 Nov 2019 1:00 AM IST

The sharp reduction in tax rates will drag heavily on revenue collection.

Fiscal deficit hits 102 per cent of Budget estimate till Oct

The government has pegged its total expenditure for 2019-20 at Rs 27.86 lakh crore.

29 Nov 2019 7:41 PM IST

The previous low was recorded at 4.3 per cent in the January-March period of 2012-13.

India-'s GDP growth further dips to 4.5 pc in July-Sept

The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.

29 Nov 2019 6:07 PM IST