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Union Budget 2018
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Govt should reconsider GST on rough diamonds: GJEPC
Mon, Jun 05, 2017
Gem and Jewellery Export Promotion Council (GJEPC) welcomed the the government's move of keeping GST rate of 3% on gold and jewellery.
India GDP growth to remain flat at 7.1% in FY18: HSBC
Sun, Jun 04, 2017
India's economic growth is expected to remain flat at 7.1 % in current fiscal as investment is still weak and government spending might not be as high given the fiscal consolidation, says an HSBC report.
Growth in gold, crude oil imports sees three-fold rise in India's trade deficit
Mon, May 15, 2017
While gold imports in India rose three-fold during April, crude oil imports further grew by 30% putting more pressure on out trade deficit.
India's current account deficit widens in October-December: RBI
Thu, Mar 23, 2017
India`s current account deficit widened to $7.9 billion, or 1.4 % of gross domestic product, in the October-December quarter from the same period a year earlier, the Reserve Bank of India (RBI) said in a statement on Thursday.
India’s exports rise over 17%, first double digit growth in two years
Wed, Mar 15, 2017
Ministry of Commerce and Industry on Wednesday put out India’s foreign trade numbers wherein the country’s exports had grown in double digits for the first time since 2014, as analyst Firat Unlu from The Economist Intelligence Unit pointed out.
China's economy gets off to strong start in 2017 as investment rebounds
Tue, Mar 14, 2017
China issued a raft of upbeat data on Tuesday showing the economy got off to a strong start to 2017, supported by strong bank lending, a government infrastructure spree and a much-needed resurgence in private investment.
Imports like electronics, machinery go against Make in India: Assocham
Sun, Mar 05, 2017
Import of products which can be manufactured within the country runs contrary to the basic grain of the Make In India.
India attracted $32.5 billion foreign direct investment during April-November
Mon, Feb 06, 2017
India attracted $32.49 billion (nearly Rs 2,16,214.4 crore) foreign direct investment (FDI) in April-November of 2016-17, Parliament was informed on Monday.
Trade deficit may be in range of $100-110 billion by March-end: Report
Thu, Jan 26, 2017
Care Ratings has projected India's trade deficit in the range of $100-110 billion by the end of March this year.
India sugar output forecast to drop to lowest in seven years
Wed, Jan 25, 2017
India`s sugar production may fall to 21.3 million tonnes for the 2016/17 crop year, the lowest in seven years and 9 % lower than previously forecast, as drought has curtailed cane supplies in key producing states, a trade body said on Wednesday.
Toyota sees flat sales in India this year on note ban blues
Sun, Jan 22, 2017
Japanese carmaker Toyota is expecting its vehicle sales in India to remain flat during the current year mainly on account of uncertainty in the market post demonetisation.
Consumer Electronics Association hails govt's Rs 10,000-crore electronics manufacturing sop
Wed, Jan 18, 2017
The Union Cabinet on Wednesday approved amendment in the Modified Special Incentive Package Scheme (M-SIPS) to further incentivise investments in electronic sector.
India's trade deficit narrows to $10.37 billion in December
Fri, Jan 13, 2017
India`s trade deficit narrowed to $10.37 billion (nearly Rs 68,989.02 crore) in December from provisional $13 billion (nearly Rs 86,485.8 crore) a month ago, government data showed on Friday.
China posts worst export fall since 2009 as fears of US trade war loom
Fri, Jan 13, 2017
China`s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States (US) that is clouding the outlook for 2017.
India to suffer damage due to US-China trade war: Assocham
Sun, Jan 08, 2017
India may suffer collateral damage to its economy if it finds itself in the crossfire in the escalating trade war triggered by US President-elect Donald Trump with Mexico and China, industry chamber Assocham said on Sunday.
South Korea December exports rise on semiconductors, machinery amid nascent recovery
Sun, Jan 01, 2017
South Korean exports in December rose for a second straight month, data showed on Sunday, adding to hopes for a firm turnaround in shipments that have fallen for most of the past two years.
Indian economy on track, government proves how
Fri, Dec 30, 2016
WPI inflation declined to (-) 2.5% in 2015-16 from 2% in 2014-15.
Gems, jewellery exports up 10% in April to November period of FY17
Wed, Dec 21, 2016
Exports of gems and jewellery grew by about 10% to $23.5 billion (nearly Rs 1,56,339.63 crore) during April-November period of the current fiscal, driven largely by rising demand in India's major export markets like the US and Europe.
Trade deficit in November rises to Rs 88,000 crore
Thu, Dec 15, 2016
Oil imports during November, 2016 were valued at $6837.76 million which was 5.89% higher than oil imports valued at $6457.37 million in November 2015.
A dollar increase in crude oil price raises India’s import bill by $500 million
Fri, Dec 02, 2016
Speculating a further increase in global crude oil prices, analysts said that every dollar increase in the price of crude oil will make India’s import bill rise by nearly half a billion dollars ($500 million).