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India's economy to grow at 7.5% in 2019, 7.7% in 2020: IMF

The International Monetary Fund (IMF) in its January World Economy Outlook update has said that India's economy is expected to grow at 7.5% in the 2019, keeping an upward trajectory as the rest of the......

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India has potential to be $5 trillion economy in next 7-8 years: Suresh Prabhu

India has potential to be $5 trillion economy in next 7-8 years: Suresh Prabhu

Expressing confidence over growth of Indian economy, Union Commerce and Civil Aviation Minister Suresh Prabhu stated that India has potential to be a $5 trillion economy in the next 7-8 years. He added......

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Working group recommends measures to attain $5 trillion economy by 2025

Working group recommends measures to attain $5 trillion economy by 2025

In order to increase the size of India's economy to $5 trillion by 2025, a working group of the Commerce and Industry Ministry has come out with a blueprint suggesting a bunch of lengthy and short-term......

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RBI to inject Rs 10,000 crore into the system through OMOs

RBI to inject Rs 10,000 crore into the system through OMOs

In a bid to increase liquidity in the market, the Reserve Bank of India (RBI) has said that it will inject Rs 10,000 crore into the system through purchase of government securities on January 17, 2019.......

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Retail inflation softens to 18-month low of 2.19% in December

Retail inflation softens to 18-month low of 2.19% in December

India's retail inflation based on Consumer Price Index (CPI) continued its easing trend for third straight month in December mainly on account of sliding prices of fruits, vegetables and fuel. CPI softened......

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India

India's industrial growth slips to 17-month low of 0.5% in November

After hitting 11-month high in October, India's industrial growth measured by Index of Industrial Production (IIP) slipped to a 17-month low of 0.5% in November 2018, as compared to 8.5% in November 2017,......

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RBI defers implementation of last tranche of CCB by a year

With an aim to reduce the burden of public sector banks (PSBs), the Reserve Bank of India (RBI) has deferred the implementation of the last tranche of Capital Conservation Buffer (CCB) by a year. This......

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GST Council doubles tax exemption limit to Rs 40 lakh, raises composition scheme limit

With an aim to give relief to small businesses, the all-powerful Goods and Services Tax (GST) Council has decided to doubled the limit for exemption from payment of GST to Rs 40 lakh from the earlier cap......

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World Bank forecasts India's GDP growth at 7.3% for FY19

With investment picking up and consumption remaining strong, the World Bank has forecasted that Indian economy is expected to grow at 7.3% in the current fiscal year 2018-19 (FY19) and will grow further......

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CBIC allows businesses to claim GST ITC benefit for FY18 till March 2019

In major relief to businesses, the Finance Ministry has decided to allow them to claim input tax credit (ITC) benefit till March 2019 for the first financial year (FY18) of Goods and Services Tax (GST)......

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India to be fastest-growing major economy in FY19, FY20: Finance Ministry

Expressing optimism over India's economic growth, the Finance Ministry in its Year End Review 2018 has stated that the Indian economy is on track to maintain a high growth rate in the current global environment.......

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Government collects Rs 97,637 crore under GST in December

The government has once again missed its Rs 1 lakh crore target of gathering revenue from Goods and Services Tax (GST) in the month of December 2018. The GST collection declined to Rs 94,726 crore in December,......

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Govt monitoring economic conditions to keep fiscal deficit within budgeted target

Expressing optimism over fiscal position of India, the Finance Ministry has said in order to ensure that the fiscal deficit remains within the target of 3.3% of the Gross Domestic Product (GDP) for 2018-19,......

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Banking industry on 'course to recovery' as NPAs declined: Shaktikanta Das

Indicating that the banking sector is on course to a recovery, Reserve Bank of India (RBI) governor Shaktikanta Das has said the period till September 2018 had seen a decline in gross non-performing asset......

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Core sector growth hits 16-month low of 3.5% in November

The growth of eight core infrastructure industries slowed to sixteenth-month low of 3.5% in November 2018, as compared to 4.8% in October 2018, due to fall in output of crude oil and fertilisers. According......

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