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Though the Centre has brought the GST down to five per cent from 18 per cent recently on food and beverages, hoteliers say that there is not enough gain for them as their margins of profit are dwindled while benefiting the customers.Business
Traders hit upon 0 GST' scam in Hyderabad markets

Traders were charging customers the GST amount, but not issuing bills, thus denying the Centre and the state the tax due...

4 Dec 2017 1:21 AM IST

retail inflation, economy, india, consumer price index, interest rate policyBusiness
Retail inflation for industrial workers up 3.24 per cent in October

Consumer price index for industrial workers, stood at 3.24 per cent for October, 2017.

1 Dec 2017 6:42 PM IST

Finance Minister Arun Jaitley took to social media to mark the one-year anniversary of demonetisation with his note A year After Demonetisation. (Photo: PTI)Business
GST made doing business easier for traders: Arun Jaitley

Economy bounced back from a three-year low to expand by 6.3 per cent in July-September.

1 Dec 2017 2:27 PM IST

Relaince Industries chairman Mukesh AmbaniBusiness
India's economy will double to USD 5 trillion by 2024: Mukesh Ambani

Ambani was optimistic that India can become more prosperous than US and China within this century.

1 Dec 2017 1:55 PM IST

The industrial growth entered negative territory in June shrinking by 0.1 per cent mainly due to decline in manufacturing and capital goods sectors.Business
India's Nov manufacturing PMI sees fastest pace of growth since Oct...

Nikkei India Manufacturing Purchasing Managers' Index rose from 50.3 in October to 52.6 in November.

1 Dec 2017 11:20 AM IST

The IMF downgraded its outlook for advanced economies this year by 0.2 percentage points to 1.6 percent but raised it slightly for emerging and developing economies to 4.2 percent.Business
IMF to update India's growth rate forecast in January

Recently US-based Moody's upgraded India's sovereign rating after a gap of 13 years to Baa2.

1 Dec 2017 9:52 AM IST

Former Union finance minister and senior Congress leader P Chidambaram (Photo: PTI)Business
Growth rate below Modi's promise: P Chidambaram

The rate of growth of gross fixed capital formation increased from 1.6 per cent in the first quarter to 4.7 per cent in...

1 Dec 2017 12:25 AM IST

Finance Minister Arun Jaitley on Sunday once again hinted that there is scope for lesser slabs under the Goods and Services Tax. Photo: ANI| TwitterBusiness
12, 18 per cent GST rates to be merged; luxury items in 28 per cent...

Merging of 12 and 18 per cent slab mean some items in 12 per cent bracket will be sent to 5 per cent.

30 Nov 2017 6:47 PM IST

An SBI internal research report, Ecowrap, has pegged in a \fiscal deficit target of Rs 5.75 lakh crores for the financial year 2017-18, at 3.4 per cent of GDP.\Business
GDP expands by 6.3 per cent in September quarter

GDP growth had hit a three year low of 5.7 per cent in the first quarter of 2017-18.

30 Nov 2017 6:04 PM IST

For over a year, India had been the fastest growing economy, second only to China. This has now changed.Business
India's GDP growth breaks five-quarter slide, jumps to 6.3 per cent in...

Government figures showed Asia's third-largest economy expanded for the first time in five quarters.

30 Nov 2017 5:50 PM IST

Finance Minister Arun Jaitley at the 22nd meet of the GST Council on Friday declared that each exporter will get an e-wallet where a notional amount will be paid to him/her as advance credit through which they can pay their taxes.Business
Intend to move on track on fiscal deficit glide path: Arun Jaitley

Government has budgeted to bring down fiscal deficit to 3.2 per cent of GDP in 2017-18.

30 Nov 2017 5:39 PM IST

NITI Aayog has been urging states to improve infrastructure and encourage public private projects.Business
India's infrastructure output grows 4.7 per cent in October:...

Growth in output compares with a downwardly revised 4.7 per cent year-on-year growth in September.

30 Nov 2017 5:33 PM IST

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