INDIAN ECONOMy

The International Monetary Fund on Tuesday slashed India’s growth outlook for FY23 to 7.4% from 8.2% forecast in April saying that the revision reflects mainly less favorable external conditions and more rapid policy tightening. In…

After decades of growing at a meagre 3.5% per year, India took a few decisions that forever changed the lives of Indians as the country embarked upon a new journey. On this day 26 years ago, i.e., July 24 1991, Manmohan Singh, the then…

The results for ISC-Class XII for the year 2022 will be declared on 5 pm, Sunday. The results will be made available on the CAREERS portal of CISCE, on the website of the CISCE and through SMS. Schools can access the results by logging…

MUMBAI: The Indian economy is expected to expand 7% in fiscal 2022/23, slower than a previous estimate of 7.4% and the central bank's 7.2% projection, according to a survey by a leading industry body. The Federation of Indian Chambers…

India’s economic activity showed early signs of cooling off in June as acute price pressures, rising interest rates, and a falling rupee dampened sentiment after a strong showing the previous month. Softer increases in factory orders…

The Goods and Services Tax (GST) should just have two rates with a small exemption list, according to former Niti Aayog chief Arvind Panagariya. "We should get to two GST rates (structure)....Also, we need to prune the GST exemption…

The Centre's reversal on windfall taxes within 18 days of announcing the moves led a Japanese brokerage to flag its impact on fiscal math. Nomura said the reversal makes it maintain the earlier projection for a 0.4 per cent fiscal…

India Exim Bank’s study titled “Building a Resilient Africa: Enhanced Role of India” finds huge trade complementarity between India and Africa. India’s total trade with Africa stood at $ 82.5 billion in 2021, recording the highest ever…

Retailers in the country reported a 13% increase in sales last month from pre-pandemic June 2019, a slower growth rate than the previous two months, kindling fears that a gradual cutting down of discretionary spending by consumers may…

India would have witnessed as much as 18-20% inflation now, had it adopted the policies resorted to by advanced countries in the aftermath of the Covid-19 outbreak, or its own policies following the 2008 global financial crisis (GFC),…