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Tag Archives: Economy

Demonetisation key step to formalise economy: FM Arun Jaitley

Finance Minister said Demonetisation, a key step taken by the Government to formalise the economy. He said Demonetisation compelled cash holders to deposit cash in banks thereby reducing anonymity in transactions. Finance Minister also said that when the present Government was elected the total number of the filers of income tax returns was 3.8 crore.  In the first four years ... Read More »

FM: Demonetisation key step to formalise economy

In a Facebook post on the second anniversary of Demonetisation,Arun Jaitley said in first four years of the National Democratic Alliance (NDA) government, the number of income tax returns filers has gone up to 6.86 crore from 3.8 crore in May 2014. By the time the first five years of this government are over, we will be close to doubling the ... Read More »

Farmers and rural economy at centre of government’s development agenda, says PM Modi at Krishi Kumbha

He expressed hope that there will be record production of food grains during Kharif season. Inaugurating Krishi Kumbha, PM Modi reiterated the government’s commitment to double farmers’ incomes by 2022 will help the nation’s food producers at every stage from sowing to selling.  Prime minister said events such as Krishi Kumbh will greatly benefit the farmers.  He said the Kumbh is ... Read More »

India likely to become 5th largest economy by next year: FM Jaitley 

Addressing Annual General Meeting of Indian Banks Association through video conferencing in New Delhi, Jaitley said banking system has reached all household under the present government and pace of financial inclusion among fastest compare to other countries.  He said banks are heart and soul of country’s economy and the role of banks will increase as India expands and grows.  He ... Read More »

FM Arun Jaitley hails IMF report on Indian economy

Arun Jaitley tweeted:  An analysis of what the IMF had to say in 2014 as against 2018 is very clear – high inflation, high fiscal deficit, high current account deficit, a standstill infrastructure, power sector, & allocation of natural resources. We have come a long way. The last four years have seen a series of reforms, both legislative and otherwise, ... Read More »

Strong Indian economy continues to lead global growth: IMF

“India now contributes, in purchasing power parity measures, 15 per cent of the growth in the global economy, which is substantial,” Ranil Salgado, International Monetary Fund’s mission chief for India, said. He said the IMF views India as a “long run source of global growth”. “India has three decades before it hits the point where the working age population starts ... Read More »

India to be a five trillion dollar economy by 2025: President Kovind

The President said the Indian diaspora has an emotional connect with India and they will continue to make their contribution towards the development of India. He also lauded the role of Indian community as cultural ambassadors in different countries. Earlier, the President, who is in Greece on the 1st leg of his three nation tour, visited monuments of great historical and ... Read More »

India is fastest growing economy in the world: President Kovind

President Ram Nath Kovind stated that Indian diaspora has an emotional connect with India and they will continue to make their contribution towards the development of India. He also lauded the role of Indian community as cultural ambassadors in different countries. He was addressing the people of Indian origin settled in Greece. The President earlier on Sunday arrived in Athens ... Read More »

Global economy is healthy but growth will slow: World Bank

The anti-poverty agency predicts global growth will decelerate slightly from a solid 3.1 per cent this year to 3 per cent next year and 2.9 per cent in 2020. The world economy is generally healthy but must contend with rising interest rates in wealthier countries and weaker demand for commodities in developing nations. It also faces risks from trade disputes, ... Read More »

4 Years Modi Govt: Reforms put India’s economy on growth trajectory

According to the global ease of doing business report, India jumped up 30 notches into the ‘ease of doing business’ index. India now ranks 100 globally as compared to previous year’s 130. Not only opening a new business is easier than ever, the government has also reduced from 30% to 25% the corporate tax for the businesses with less than Rs 250 ... Read More »

India to retain its position as fastest growing economy: FM Arun Jaitley

“The way the situation in the world is changing there is a great opportunity that has come in the way of India. The world keep facing its challenges and (in) the last few years India has started leaving its footprints behind. “And when India is leaving its footprints behind, becoming one of the faster economies in the world, it obviously means that the opportunity for India and Indians is ... Read More »

Getting comfortable on Economy class

Travelling economy class? Like the majority of budget-conscious travellers, economy class is either the only option or the most logical way to travel. After all, business class is for corporate travellers, considering the high-priced tickets which are normally paid by company expenses. Despite economy class being labelled rather unsavorily with names such as cattle class, it is coach class and ... Read More »