Economy and Finance

News and views related to the Indian Economy and Financial sector

Job creation is at 16-month high

India generated 7.16 lakh jobs in December 2018, highest in the last 16 months: EPFO data

Modi government has been working relentlessly to create jobs in both organised and unorganised sectors.

IndiaSpend peddles fake narrative on ‘beef export’ that is busted by data quoted in its own reports

IndiaSpend, an organization that runs factcheckers.in, is known to publish cooked up data and indulge in selective nitpicking to paint a picture where Hindus are always aggressors and Muslims are always victims, especially, in cases related to cow protection
Narendra Modi

Choice for 2019: Between Modi’s agenda of reform vs mahagathbandhan’s incoherent economic policies

After the recent assembly elections, there has been a renewed discussion about the likelihood of a “mahagathbandhan” of regional political parties with the agenda of reducing the margin of victory for the PM Modi led NDA

Insolvency and Bankruptcy Code Impact : Another Industrialist finds the money to clear dues

Jaypee Infratech makes attempt to save its debt-ridden company from insolvency proceedings.

After withdrawal of MFN status, basic customs duty on goods exported to India from Pakistan raised to 200%

After the withdrawal of MFN from Pakistan, basic customs duty on all goods exported from Pakistan to India has been increased to 200% with immediate effect

How Nehru led to agrarian distress and what could be the way forward for inclusive growth

Nehruvian model of capital intensive growth had a similar effect on the rural populace of India as Mao’s Great_Leap_Forward had on China’s rural inhabitants
Reserve Bank of India

RBI Policy: Repo rate cut by 25 bps, GDP projected at 7.4%, EMIs may come down

The RBI has also brought down the Repo rate by 0.25 basis points bringing it from 6.5% to 6.25%

Small businesses with turnover up to ₹1.5 crore can become income tax free due to full rebate

The rebate in Income Tax under section 87A will benefit an estimated 3 crore middle-class taxpayers

Punjab National Bank recovers Rs 16,000 crores from bad loans, Q3 reports profit of ₹246.51 crore

Despite 100% provision made for the Rs 13,000 crore scam in which Nirav Modi is the prime accused, PNB posts a profit last quarter
GST header image

Common man saves 27% on taxes after implementation of GST under BJP government

GST has resulted in a reduction in tax of most household items, bringing down the monthly household expense

Modi government’s much needed focus on India’s farm sector

Agricultural sector regained its focus post-2014 when the Modi government came into power as it realized the need to revive India’s agricultural sector.

Budget 2019: Direct Tax collection exceeds expectations by Rs 50,000 crore

Fiscal year 2019 sees an increased Direct Tax collection, exceeding by Rs 50000 crores that was originally budgeted at Rs 11.50 lakh crores
Comprehensive analysis of economics behind Budget 2019

Budget 2019: The economics governing the Interim Budget 2019

A comprehensive analysis of the interim budget 2019 presented by Union Minister Piyush Goyal and the economics behind it

Media loses it after Budget 2019: From ‘Hindi imposition’ to ‘where is the money’

Media resort to usual fault finding in the Budget presented by Finance Minister Piyush Goyal.
Piyush Goyal called Manmohan Singh's government as 'coward government'

Budget 2019: Piyush Goyal, PM Modi hail the contributions of the middle class in country’s economy, bring tax relief

Piyush Goyal showers praise for the middle class, as he announces major benefits and tax relief.
fake news

Indiaspend’s faulty ‘FactChecker’ spreads fake news about Budget 2019 while ‘fact-checking’ Piyush Goyal’s speech

FactChecker.in decided to 'fact-check' the Budget 2019 speech, and in the process, ended up spreading fake news themselves
Rahul Gandhi finally ditches the Mobile factory tirade, floats 'Makhana against popcorn' proposal

Fact-check: Congress lies profusely in an attempt to ‘fact-check’ Piyush Goyal’s Budget 2019 speech

With the various announcements that were made, it was natural for the Congress party to feel jittery about its electoral prospects ahead of General Elections later this year.
Comprehensive pointers on all the announcements made by the Modi government in Budget 2019

Budget 2019: All the significant announcements made by acting Finance Minister Piyush Goyal

Here's a round-up of the key points of the acting Finance Minister Piyush Goyal's Budget 2019 speech

Budget 2019: Government to identify nomadic and semi-nomadic tribes to include them in social welfare schemes

Union Minister Piyush Goyal declared that the government will identify and locate the nomadic groups to extend the benefits enjoyed by other Indians.
Mumbai's famous Elephanta island finally gets electricity 70 years after Independence

Insolvency and Bankruptcy Code has helped recover Rs 3 lakh crores so far for banks and creditors: Piyush Goyal

Piyush Goyal lauds the Modi government's efforts towards the banking sector.

Leaked NSSO report on unemployment not finalised and verified, not correct to use it as final: NITI Aayog

The NITI Ayog said that the report is a draft report and the data is still being processed. The final report will be published after the data is finalised.

SBI data breach: Bank forgets to password secure its server, ends up compromising customer details

State Bank of India (SBI) forgot to secure its server hosting sensitive information which resulted in a severe data breach

Interim Budget vs Full Budget: All you need to know

An interim budget in all practical sense is a full budget but made by the government during the last year of its term i.e. just before an election. 

MUDRA Yojana: The elixir for the MSME sector which is fuelling job growth

For every loan disbursed under MUDRA about 1.3 jobs have been generated

Leading job website, ‘Naukri’, releases survey of recruiters, predicts 20% increase in hiring between January and June 2019

Naukri.com, one of India's premier job portals, has published the findings of its Hiring Outlook survey which depict a very bright scenario for employment opportunities in the country between January to June 2019.
Chidambaram wanted anticipatory bail in Aircel-Mxis case, again

Ownership of CMIE and their alleged proximity to P Chidambaram raises questions on the credibility of its Job Survey

The scam by CMIE owner is being investigated by SEBI, CBI as well as by Income Tax authorities

India surges ahead, likely to overtake UK in largest economy rankings in 2019: PwC report

"India and France are likely to surpass the UK in the world's largest economy rankings in 2019, knocking it from fifth to seventh place in the global table," PwC's Global Economy Watch report said.

Vibrant Gujarat Summit: Investments worth lakhs of crores announced by Indian and foreign companies

Investors announced investments worth more than Rs 4 lakh crore for the state.

Middle class with Modi: Video shared on Modi govt’s policies gets overwhelming response on Twitter

Many people trended the hashtag and counted the personal experience of benefits in the 4.5 years of the Modi government.

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