Economy News

Nagarnar Steel Plant Demerger On Course: NMDC Chief

Nagarnar Steel Plant Demerger On Course: NMDC Chief

Press Trust of India | Wednesday June 29, 2022, New Delhi

The shareholders and creditors of NMDC have approved the demerger of the company's under-construction Nagarnar Steel Plant

28% GST Likely For Online Gaming, Casinos After Council Meet

28% GST Likely For Online Gaming, Casinos After Council Meet

Press Trust of India | Wednesday June 29, 2022, Chandigarh

A highest 28 per cent tax rate on online gaming, casinos and horse racing is slated for discussion at the second day of the GST Council meeting

Key Deliberations At GST Council Meet In 10 Points

Key Deliberations At GST Council Meet In 10 Points

Edited by Animesh Singh | Tuesday June 28, 2022

The GST Council on Tuesday approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, officials said. It was the first day of the two-day meeting of the GST Council which is headed by Finance Minister Nirmala Sitharaman, and is going on in Chandigarh.

Rupee Ends At Its Weakest; Record Low Close For Five Straight Sessions

Rupee Ends At Its Weakest; Record Low Close For Five Straight Sessions

Edited by Rahul Karunakar | Tuesday June 28, 2022

The rupee plunged to a new all-time low of 78.85 per dollar, marking the fifth straight session of record weak closes.

Informal Economy May Employ More Than 2 Crore People By 2029-30: Report

Informal Economy May Employ More Than 2 Crore People By 2029-30: Report

Edited by Animesh Singh | Monday June 27, 2022

Normally gig jobs are temporary and part-time and activities like food delivery and driving cabs owned by hailing companies fall under them

India Inflation May Cool Down Over Recession In Advanced Economies

India Inflation May Cool Down Over Recession In Advanced Economies

Anup Roy, Bloomberg | Monday June 27, 2022

Recessions in advanced economies may benefit India in a "perverse way" as a moderation in global commodities prices will help cool domestic inflation

Are Inflation Prospects Tapering? Bad News Is Now Good News For Markets

Are Inflation Prospects Tapering? Bad News Is Now Good News For Markets

Edited by Rahul Karunakar | Sunday June 26, 2022

Global markets: Bad news for the financial markets now appears to be quickly turning into good news.

Cannot Have 'Intolerable Growth Sacrifice' To Tame Inflation: RBI Member

Cannot Have 'Intolerable Growth Sacrifice' To Tame Inflation: RBI Member

Edited by NDTV Business Desk | Sunday June 26, 2022

Reserve Bank of India Monetary Policy Committee (MPC) member Jayanth Varma said there should not be 'intolerable growth sacrifice' to tame inflation abruptly.

India Aims To Dominate Global Market In All Industries, Says Piyush Goyal

India Aims To Dominate Global Market In All Industries, Says Piyush Goyal

Press Trust of India | Saturday June 25, 2022, New Delhi

Union Minister Piyush Goyal said India would "very soon" become a $30 trillion economy from the current $3 trillion level.

Why Margin Calls And Bot Liquidations Are Roiling Crypto

Why Margin Calls And Bot Liquidations Are Roiling Crypto

Olga Kharif, Bloomberg | Saturday June 25, 2022

Its a vicious circle long familiar to those in traditional finance: trades made with borrowed money coming apart when the value of their collateral put up against the loans drops, forcing liquidations that in turn push prices down further.

Maharashtra Ministerial Delegation Meets Foxconn Chief, Discusses Investment Plans

Maharashtra Ministerial Delegation Meets Foxconn Chief, Discusses Investment Plans

Edited by Animesh Singh | Friday June 24, 2022

A high-powered delegation from Maharashtra led by Industries Minister Subhash Desai met electronics manufacturer Foxconn's chairman Young Liu

Your Markets Roundup After The Opening Bell: Global Stocks Up

Your Markets Roundup After The Opening Bell: Global Stocks Up

Edited by Rahul Karunakar | Friday June 24, 2022

Investors on Friday increased their bet that central banks would reign in inflation, sending stocks and bonds on their way to their first weekly gains in a month, but growth concerns hurt commodities.

No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report

No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report

Press Trust of India | Thursday June 23, 2022, Mumbai

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices

GST Council Meet: States To Push For Compensation Beyond June

GST Council Meet: States To Push For Compensation Beyond June

Press Trust of India | Thursday June 23, 2022, New Delhi

To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states Rs 1.1 lakh crore in 2020-21

India's Engineering Exports Rose 13.5% In May, US Emerges Top Buyer

India's Engineering Exports Rose 13.5% In May, US Emerges Top Buyer

Asian News International | Thursday June 23, 2022, New Delhi

Exports of engineering goods from India surged by 13.5 per cent to $9.79 billion in May 2022 from $8.62 billion recorded in the same month last year