Raghuram Rajan says India to become bigger than China eventually : Bulletin: Business Today
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Raghuram Rajan says India to become bigger than China eventually

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January 23, 2019

7.32 lakh jobs created in Nov; employment up by 48% in formal sector: EPFO payroll data

Employment generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year-ago month, according to the latest EPFO payroll data. Around 73.50 lakh new subscribers were added to the social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to November 2018, the data showed. This indicates that these many jobs were created in the last 15 months
 
BJP booked all chartered planes for Lok Sabha poll campaign: Congress

As parties gear up for Lok Sabha poll campaign, senior Congress leader Anand Sharma Tuesday said the BJP has booked all chartered planes, leaving his party struggling to get some. The senior Congress leader alleged that there was an "unequal competition" between the BJP and other parties, as all the resources were with the ruling party. Sharma said the ruling party has spent over Rs 4,000 crore on publicity and advertisements, which he said was more than that spent by multinational companies like Netflix, Amazon and Unilever.
 
The all new Tata Harrier SUV launches today

The all new Tata Harrier SUV will launch today in India. Harrier is expected to be priced in the range of Rs 16-21 lakh and could rival the likes of Jeep Compass, Hyundai Creta, Mahindra XUV500 and Hyundai Tuscon in India. The Harrier was first showcased as the H5X Concept at the 2018 Auto Expo and is expected to retain most of its design element from the Concept.

Raghuram Rajan says India to become bigger than China eventually

India will eventually surpass China in economic size and will be in a better position to create the infrastructure being promised by the Chinese side in South Asian countries, former RBI governor Raghuram Rajan said Tuesday. Addressing a session on Strategic Outlook for South Asia at the World Economic Forum annual meet in Davos, Rajan said Indian economy would continue to grow while growth rate is slowing down in China. The comments assume significance with China working on a lot of infrastructure projects across the region, including in Nepal and in Pakistan.

Non-filers will have 21 days to file I-T returns, submit response: CBDT

Individuals who have carried out high value transactions but have not filed their income tax returns for the assessment year 2018-19 would get 21 days time to submit their responses, the CBDT said Tuesday. The 21-day time period would be from the date of receiving e-mail or SMS from the I-T Department regarding non-filing of tax returns.

Govt plans to raise $11.21 billion from state asset sales in FY 20

The Indian government is likely to seek to raise about 800 billion rupees ($11.21 billion) through the sale of state-owned assets in the next fiscal year, beginning April 1, two government sources told Reuters. The target, which is the same as for the current financial year, includes proceeds from the expected privatisation of loss-making national carrier Air India, and the sale of an insurer to be created by the merger of three state-owned firms

Xi tells officials to be ready to deal with risks as China's economy slows down

Chinese President Xi Jinping has cautioned officials about risks to the country's economic stability and directed them to deal with turbulence and disruptions, as the spectre of long term economic slowdown loomed large over China with GDP last year slumping to 30 year low. Take all the necessary precautionary steps and be vigilant about any risks that could jeopardise China's stability and reforms, Xi told officials summoned to Beijing for a Communist Party study session on Monday.
 


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