Secretary of the Department of Economic Affairs (DEA), Subhash Chandra Garg, on Saturday said the Index of Industrial Production (IIP) growth of 8.4 percent that was reported for November confirms sound manufacturing revival.
In lieu of the inefficiency of India's current institutional framework in recognising risks of overseas markets, Commerce Secretary Rita A. Teaotia highlighted a "pressing need" to devise policy framework needed to address issues of finance to export
India's Gross Domestic Product (GDP) is expected to grow by 6.7 percent in FY 2017-18 and will pick up to 7.3 percent in 2018-19, and to 7.5 percent a year in the medium term, a report released by the World Bank stated.
The rupee recovered by 5 paise to 63.66 against the dollar in early trade today on mild selling of the US currency by exporters amid a higher opening in domestic equity markets.
The provisional figures of Direct Tax collections up to December, 2017 show that net collections are at Rs. 6.56 lakh crore, which is 18.2 percent higher than the net collections for the corresponding period last year.
The Goods and Services Tax Council (GST) is scheduled to meet on Thursday (January 11) to deliberate on reasons for the fall in revenue collection, as flagged as a major matter of concern for the finance ministry.
Sensex on Monday closed up 176.26 points at 33,969.64, while the Nifty closed up 61.60 points at 10,504.80, hitting fresh record high in second week of 2018.
The rupee strengthened by 11 paise to trade at 63.26 against the US dollar in opening session today on selling of the greenback by exporters and banks amid gains in stocks which scaled record levels.
The Department of Economic Affairs (DEA) has approved two Foreign Direct Investment (FDI) proposals involving investment to the tune of Rs. 532 crore in December 2017
Paytm Mall on Thursday announced a landmark partnership with consumer electronics brand, Samsung India, aiming to strengthen its offline-to-online (O2O), model.
Union Finance Minister Arun Jaitley on Friday said no income tax exemption would be provided to profit-making cooperative banks, adding that they should be treated at par with commercial banks, owing to their method of functioning.