Is India on the cusp of a fiscal revolution?
Uploading Date : 31-01-2018Arun Jaitley will present the fifth budget of the Narendra Modi government this week. The budget will be announced against the backdrop of a strong economic revival combined with greater macro risks. This column had noted a fortnight ago that the Indian economy in 2018 would look very different from the one in 2017 because of these two factors, and would thus test the new macroeconomic policy framework.
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Indirect taxpayer base rises by 50% with GST implementation: Economic Survey
Uploading Date : 30-01-2018India’s indirect taxpayer base has increased by more than 50% with the implementation of the goods and services tax (GST), the formal sector is bigger than currently estimated and the country’s internal trade is around 60% of gross domestic product (GDP), the Economic Survey for 2017-18 said, basing its findings on data and trends from GST
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Rupee slips 12 paise against US dollar as Sensex trips nearly 250 points
Uploading Date : 30-01-2018The Indian rupee slipped as much as 12 paise against the US dollar on Tuesday as India’s stock market fell into negative territory with the benchmark Sensex tripping nearly 250 points in the morning trades. The rupee opened down 10 paise at 63.69 vs the US dollar at the interbank foreign exchange market on Tuesday
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Maruti Suzuki gains on board nod for lower royalty payment for new models
Uploading Date : 29-01-2018Maurti Suzuki India was up 4% to Rs 9,647 on BSE in intra-day trade on Monday after the company said that the board approved a revision in the method of calculating royalty which would result in lower royalty payments for new model agreements starting the Ignis.
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Davos WEF 2018: Why Anil Agarwal Wants Debt-Ridden Electrosteel Steels
Uploading Date : 24-01-2018Indian mining tycoon Anil Agarwal’s Vedanta Ltd. has bid for insolvency-hit Electrosteel Steels Ltd. because of the proximity of its assets in Jharkhand to one of the group’s iron ore mines, as the billionaire looks to add steel into his sprawling empire.
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Modi’s ambitious India infrastructure fund gets another boost; to jointly invest $3 billion with Dubai’s DP World
Uploading Date : 22-01-2018In a major boost to Prime Minister Narendra Modi’s ambitious National Investment & Infrastructure Fund, DP World Ltd., a Dubai-based port operator, has entered into a joint investment plan of up to $3 billion with the former.
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India's latest missile test puts it closer to joining an exclusive club and will 'make China think twice'
Uploading Date : 20-01-2018India successful tested the Agni 5 missile on Thursday, moving it closer to joining the small group of countries with access to nuclear-capable intercontinental missiles.
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Rupee becomes stronger, gains 23 paise against US dollar today
Uploading Date : 19-01-2018The Indian rupee became stronger on Friday gaining as much as 23 paise against the US dollar in the early trades. The rupee moved up by 23 paise at 63.63 apiece US dollar at the interbank foreign exchange market.
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