Economy not in trouble; green shoots visible: FM
New Delhi, Feb 11: Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoots are visible with the country moving towards a USD 5 trillion economy. Listing initiatives taken by the government, she said, increasing Foreign Direct Investment (FDI), rise in factory output and over Rs 1 lakh crore […]
Trump admn proposes $1.5 billion fund to ensure Indo-Pacific is free of ‘malign Chinese influence’
By: Lalit K Jha Washington, Feb 11 : The Trump administration has proposed USD 1.5 billion in budgetary allocation for 2021 fiscal for the strategic Indo-Pacific, which it said was part of its efforts to ensure that the region remains free, open, and independent of “malign Chinese influence”. China has been trying to spread its […]
Rupee ends nearly flat at 71.28 against US dollar
Mumbai, Feb 11 : The Indian rupee on Tuesday settled almost flat at 71.28 (provisional) against the US dollar ahead of release of the key domestic macro-economic data. Forex traders said the rupee continued to consolidate in a narrow range ahead of inflation and industrial production number that will be released on Wednesday. At the […]
Oppn expresses concern over falling growth, sliding investment
New Delhi, Feb 10 : Opposition in Lok Sabha on Monday expressed concern over the declining growth and falling investment and asked the government to take corrective measures to arrest the slowdown and generate employment. Participating in the debate on the Union Budget 2020-21 in Lok Sabha, BJD member B Mahtab called for financial sector […]
Agri tax benefit to Bengal tea gardens “immaterial”
Kolkata, Feb 10 : The West Bengal government’s Budget proposal to extend agricultural tax benefit to the tea gardens in the state has no “material” bearing on the ailing tea gardens in the state, industry officials said. The TMC government in the state has been extending agricultural tax benefits to tea gardens since it assumed […]
BSNL, Air India, MTNL highest loss-making PSUs in FY19; ONGC most profitable: Survey
New Delhi, Feb 10 : ONGC, Indian Oil Corporation and NTPC were the top three profitable PSUs in 2018-19, whereas BSNL, Air India and MTNL incurred highest losses for a third consecutive year, according to a survey tabled in Parliament on Monday. The Public Enterprises Survey 2018-19, which maps the annual financial performance of all […]
Laid foundation for USD 5 trillion economy in budget: FM
Kolkata, Feb 9: Finance Minister Nirmala Sitharaman on Sunday said the Union Budget has laid the foundation of increasing consumption while ensuring that the government’s investment is deployed to build infrastructure leading to a USD 5 trillion economy by 2024-25. She also pitched for rationalisation of GST rates once a year and not every three […]
‘Govt seeks to engage itself with businesses, industries’
Kolkata, Feb 9: Union Finance Minister Nirmala Sitharaman on Sunday said that the government wants continuous engagement with industries and businesses and will act as a facilitator for hassle-free payments of taxes. She was interacting with the members of trade and industries here, a week after presenting the Union Budget for 2020-21 in Parliament on […]
City industrialists air concerns on budget to FM
Kolkata, Feb 9: A delegation of city-based industrialists on Sunday met Union Finance Minister Nirmala Sitharaman and raised some concerns over the budgetary announcements while applauding the Centre for taking “bold measures” to boost the country’s economy. The finance minister is in city to discuss the government’s vision on the budget with the stakeholders of […]
Real GDP would not touch USD 5 trillion by 2024/25: Chidambaram
Hyderabad, Feb 8 : The NDA government has not defined whether the USD 5 trillion dollars economy it aims to achieve is real GDP or nominal, senior Congress leader P Chidambaram said on Saturday and claimed real GDP would not touch the figure at the current growth level by 2024 or 2025. Chidambaram, who spoke […]
