Economy and Finance

News and views related to the Indian Economy and Financial sector

The Wire comes up with flawed logic to rubbish new methodology which slashed growth rates of Congress regime

The reasons given by the article by The Wire more amusing as it clearly showed their lack of understanding of data, statistic and above all, of economics.

SC grants clearance for RCom’s spectrum sale to Jio, Rcom to furnish Rs 1400 crore corporate guarantee

Once the corporate guarantee is furnished by RCom, the government is bound to give its NOC for the spectrum sale within a week

Facts, No Fiction: What the rupee does (not) tell us

Rupee does not signal the health of the Indian Economy, however, it is an important indicator as far as the external sector is concerned.

Rupee rises 21 paise against US Dollar, touching a three-month high

The Rupee rose by 21 paise to 69.64 against the US Dollar.

Latest GDP and growth figure revision is based on robust and rigorous methodology

According to the revised GDP numbers released by the government on Wednesday, India’s economic growth under the previous Congress-led coalition government was slower than estimated earlier and was never in double digits.

Insolvency and Bankruptcy Code has led to recovery of Rs. 3 lakh crores of stressed assets in 2 years

More than 9,000 cases have come for redressal under the Insolvency and Bankruptcy Code (IBC) after it became fully operational in December 2016.
Finance Minister Arun Jaitley and RBI governor Urjit Patel

Finance Minister Arun Jaitley puts to rest reports of Government seeking reserves from RBI

Finance Minister Arun Jaitley said that government does not RBI reserve for next 6 months

Facts, No Fiction: Growth prospects of the Indian Economy

One underlying reason for India’s growth to accelerate are the fact that the economy is now well transitioned from the tectonic shifts it went through due to successive reforms.

The Print uses year old data to predict doomsday for BJP in assembly elections

The article by Shivam Vij in question talks about an economic slowdown that is being projected for the year ahead.

Rahul Gandhi and the eternally changing amount of ‘industrialists’ loans waived off’ by Modi

From 1.1 to 3.5 lakh crores, Rahul Gandhi's claims of industrialist's loan waiver just get bigger and bigger.

Demonetisation: Step that kick started the digitisation process and formalised a large chunk of the Economy

The truth of the matter is that if India had to leapfrog into the 4th Industrial Revolution as it is doing today, then the journey would not have been possible without the kickstart of demonetization.

Two years post Demonetisation, a journey towards new India has begun

Demonetisation was an important step in building a culture where tax compliance is a habit. Demonetisation and GST are heralding the New India.

Demonetisation – A step towards ‘Charitra Nirman’

The Khao aur khaane do culture had become a way of life for the nation, and we clearly needed action to control this trend from becoming the ‘only’ way of doing business in India.

SBI registers a profit for the first time after 3 quarters, improves asset quality as well

Slippage ratio has dropped to 2% as well, which is the lowest in 6 quarters.

Media falsely claims that 2 out of 3 chartered accountants don’t pay income tax, here is the truth

The Institute of Chartered Accountants of India has expressed disappointment at misrepresentation of facts by the leading dailies

China agrees to increase imports from India this year, announces Suresh Prabhu

The Indian government announced that trade relations between India and China will increase this year, in 2018.
China wants India to engage and counter together the trade protectionism of US

Speaking against US trade war, China seeks deeper trade ties with India

US president Donald Trump has recently stated that 'India will find out soon' on the probability of US sanctions for buying S-400 air defence system from Russia.
Indian Economy will at 7.3% in 2018-19 fiscal year

Growth in India solidifying, will propel upwards says World Bank

The World Bank predicts 7.3% growth in 2018-19 fiscal year

Modi government cuts fuel prices by Rs. 2.50, Maharashtra and Gujarat slash prices by an additional Rs. 2.50

Excide duty has been reduced by ₹1.50, while oil marketing companies will cut prices by ₹1.00, states asked to match the reduction by reducing VAT.

Modi’s IBC is making defaulters pay back Rs 1.1 lakh crore and Congress is bound to be unhappy

In recent weeks, we have seen one naamdar and his numerous minions in the ecosystem making all sorts of allegations

All you need to know about what the Modi govt is doing to solve the NPA mess

We just need to bear with the temporary inconvenience for a better tomorrow!
National Company Law Tribunal handles related to bankrupcy

Fearing action through Insolvency and Bankruptcy Code, defaulters pay up Rs 1.1 lakh crores

Finance minister Arun Jaitley called it a success of IBC, as they aimed at recovering 1.8 lakh crore this fiscal year.

Rupee is stronger today vs Euro, British Pound, Canadian and Australian Dollars

This is the data, whether liberals like it or not

Demonetisation is a success and the naysayers have got their facts completely wrong

So let us again rewind the declared aims sought to be achieved and analyse each one independently.

PNB recovers record amount from defaulters due to Insolvency and Bankruptcy code

Punjab National Bank (PNB) recovered a record Rs 11,378 crore from defaulters in the first five months of this fiscal.

Raghuram Rajan blames scams and ‘policy paralysis’ under UPA government for NPA mess

The former RBI governor has made these revelations in his letter to the Lok Sabha panel

Iran ready to handover Chabahar port to Indian firm for operation: Iranian Minister Abbas Akhoundi

Chabahar is one of the most important strategic areas of influence for India

Your petrol price is high because UPA left 2 lakh crore of oil debt for Modi

This is what Congress has always been: always there for the taking and never there for the making.

Union Budget 2018: Who said what

Politicians and political parties across the spectrum react to the Union Budget, 2018

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