Economy

Demonetization and GST to normalise Japanese banking group Nomura is bullish on India and expects a strong 7.5% gross domestic product growth in 2018 disruption caused by demonetization and goods and services tax (GST) normalizes. The risk, it says, is...

India to have its own arbitral system CJI Justice Dipak Misra. Chief Justice of India (CJI), Justice Dipak Misra has suggested a model for ensuring timely, cost-effective and impartial arbitration ecosystem in the country, which can make India a global...

VP Naidu applauds NMDC   Naidu at the Diamond Jubilee Celebrations of NMDC Ltd., in Hyderabad on 8 December, 2017. The Public Sector Enterprises (PSEs) have contributed immensely to the country’s economic growth and have helped in building a sustained...

FICCI recommends tax proposals The Indian business community has called for expeditious domestic tax reforms and measures for improving the ease of doing business scenario in the country and enhance competitiveness of Indian industry. The call was made by a...

SRA aims to free some 9,000-acre of slum land   Mumbai-based Omkar Realtors & Developers has worked out a deep understanding of developing land of slum dwellers as part of its residential complex development. The scheme under Maharashtra Slum Rehabilitation...

Minister stresses on quality standards Prabhu addressing at the release of the Mid-Term Review of the Foreign Trade Policy, 2015-20, in New Delhi on 5 Dec 2017. The Mid-Tem Review of Foreign Trade Policy (FTP) 2015-2020 has increased Annual Incentives...

Africa offers opportunities for MSMEs Minister of Minority Affairs, Mukhtar Abbas Naqvi, confident on growing trade with Africa. The bilateral trade between India and Africa will cross US$100 billion in next two years owing to improvement in business environment in...

It also seeks 5% GST for hydro-EPC contracts Apex industry body ASSOCHAM has urged the Centre to fix Goods and Services Tax (GST) rates for hydropower at par with wind and solar so that value added cost and tax are...

Lifestyle diseases to boost healthcare spending India’s healthcare market may see threefold rise as its size in value terms is likely to reach US$372 billion by 2022, clocking a compounded annual growth rate (CAGR) of 22 per cent, according to...

Survey notes Govt’s clear resolve to address issues FICCI’s latest Economic Outlook Survey indicates a GDP growth is expected to improve to 6.2% in Q2 of 2017-18 and further to 6.7% in Q3 of 2017-18. The slowdown in the economy...