Economy

Amendments to key laws needed before the suggestion can become reality The world is flat is an international best-seller by three-time Pulitzer Prize winner Thomas Friedman. The title of the 2005 book was a smart take on the concept that the world should be a level-playing field, with all companies …

‘Puzzle’ about data needs explanation: Arvind Subramanian Amid raging controversy over the revised economic growth numbers, Former Chief Economic Adviser Arvind Subramanian has called for an investigation by experts to clear doubts and build confidence while noting that the “puzzle” about the data needs to be explained. He stressed that …

GST collections are yet to show a stable trend which means projections for 2020-25 are difficult, says the Chairman of the Fifteenth Finance Commission The Chairman of the Fifteenth Finance Commission, N.K. Singh, says that though the Commission will have to take the 2011 census as the base year for …

The liquidity stress affecting non-banking finance companies and housing finance companies since September 2018 has abated significantly, and the Indian markets have performed better than several developed markets despite high global volatility this year, the chief of India’s stock market regulator Ajay Tyagi said on Friday. The Securities Exchange Board …

Trade deficit rises to $50 bn compared with $32.5 bn a year ago: RBI Current account deficit (CA) widened to 2.9% of GDP for the July-September quarter due to higher trade deficit compared with 1.1% during the same period of the previous year, the Reserve Bank of India said on …

Fresh flows into liquid schemes, recovery in stock markets boost AUM in November Despite stock market volatility, assets under management (AUM) of mutual funds (MFs) in November increased 8% to Rs. 24.03 lakh crore from Rs. 22.23 lakh crore reported in October. This was primarily on account of fresh fund …

For the first time, the country’s civil aviation exhibition will be subsumed into the upcoming edition of Aero India to be held from February 20 to 24, 2019, a defence official said on Friday. So far, Aero India has been defence-oriented while a separate civil aviation exhibition is held in …

Uniparts India, manufacturer of engineering systems and solutions, has filed draft papers with the markets regulator SEBI to float an initial public offering. The IPO comprises fresh issuance of shares worth Rs. 100 crore besides an offer for sale of 1,30,60,770 stocks by existing shareholders, according to the draft red …

The Confederation of All India Traders (CAIT) has written to Finance Minister Arun Jaitley asking him to push the deadline for filing of annual GST returns to March 31, 2019 from December 31, 2018, now. “It is to bring to your kind notice that till today the format of filing …

The Pradhan Mantri Awas Yojana – Urban (PMAY-U), being implemented by the Ministry of Housing and Urban Affairs under the Housing for All by 2022 mission since June 2015, needs a concerted push to succeed, according to Crisil Research. The government will need another Rs. 1 lakh crore in three …