economy

Congress leader P Chidambaram slammed Finance Minister for failing to take enough steps to revive ailing economy. While speaking in...

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ASSOCHAM President Niranjan Hiranandani said the Budget proposals seem structured for medium- to long-term results. "We do not see anything which will have an immediate impact to kick-start the economy," he said.

IMF Chief Economist Gita Gopinath said in a blogpost that the biggest contributor to the revision of global economic growth was India, where growth slowed sharply owing to stress in the non-banking financial sector and weak rural income growth.

The spike in retail inflation is attributed to high food prices. This also marks a spike in inflation from November when the retail inflation was 5.54 per cent.

This is an annual exercise done by Niti Aayog before the budget. Last year, Prime Minister Modi had a meeting with top 40 economists of the country in June, said an official statement.

Chidambaram further stated that the boast of the government that millions of jobs are being created is a "big lie".

Revocation/Abrogation of Article 370 and 35A was probably the biggest decision, backed up by Jammu and Kashmir (Reorganisation) Act and Jammu and Kashmir Reservation Act. Repealing Article 370 meant the state no longer enjoyed special status and was brought at par with other Union Territories.

India’s constant rise in the ‘Ease of Doing Business’ index is a testimony of govt’s intent and initiative towards building a 5 trillion dollar economy.

The positive growth in the GST collection comes two months after negative growth and 6 per more than the corresponding month of the last year. A total of Rs 95380 crore was collected in October.