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Prosenjit Datta
New Delhi, July 18, 2018
India has a huge official data and statistics problem and the problem is only growing bigger by the day.


BusinessToday.In
July 17, 2018
IMF said that the emerging market and developing economies have experienced \"powerful crosswinds\" in recent months, courtesy factors like higher yields in the United States, dollar appreciation, escalating trade tensions, geopolitical conflict, and rising oil prices.


PTI
New Delhi, July 14, 2018
These comments from Economic Affairs Secretary Subhash Chandra Garg come on the heels of latest World Bank data showing that India has emerged as the sixth largest economy globally, surpassing France, in 2017.


PTI
July 13, 2018
India's \"impressive development and inclusive growth\" stand at risk if Prime Minister Narendra Modi does not get a chance to lead the country after the next year's parliamentary elections, a top US industrialist has said.


Joe C Mathew
New Delhi, July 12, 2018
The report says despite all its achievements, Indian agriculture is still grappling with challenges like high monsoon dependency, unpredictable weather patterns, reduction in arable land, low per hectare yield, lower farmer incomes, etc.


BusinessToday.In
New Delhi, July 11, 2018
Indian economy had slowed down last year due to transitory shocks like demonetisation and the chaotic implementation of the national goods and services tax (GST), but has since bounced back.


Mail Today Bureau
July 11, 2018
In last year's ranking, Andhra Pradesh had jointly topped the chart with Telangana while Gujarat was relegated to the third position from the top slot in 2015.


Vivek Kaul
New Delhi, July 9, 2018
The increased government spending is difficult to sustain.


Issac Thomas
New Delhi, July 9, 2018
States need discretionary powers for better resource mobilisation


Manu Kaushik
New Delhi, July 9, 2018
Business confidence slides in the first quarter of 2018/19 as businesses feel the pinch of GST and brace for policy inaction and higher interest rates, finds the latest Business Today-C fore Business Confidence Survey.


BusinessToday.In
New Delhi, July 8, 2018
The current dispensation has been diverting attention from the core issues despite evident widespread backwardness in India, Sen said.


BusinessToday.In
New Delhi, July 5, 2018
To put things in perspective, India's largest lender SBI's home loan book reportedly stands at Rs 3.13 lakh crore - it is the market leader in the space, pipping the country's largest housing finance provider, Housing Development Finance Corporation (HDFC)


Goutam Das
New Delhi, July 4, 2018
The biannual Employment Outlook Report by TeamLease Services forecasts an increase of 4 per cent in the net employment outlook to 95% for the April-September 2018 period versus 91% in October-March 2017-18.


Sonal Khetarpal
New Delhi, July 3, 2018
According to a recent report by the International Labour Organisation (ILO), in India women spend 297 minutes per day on the care responsibilities, 9.6 times more than men. Globally, women perform 76.2 per cent of total of unpaid care work, three times as much as men.


BusinessToday.In
New Delhi, July 2, 2018
Indian economy set for a surge, to touch USD 5 trn by 2025: Prez  President Ram Nath Kovind today said the Indian economy is set for a surge with the GDP size expected to double to USD 5 trillion probably by 2025.He was speaking after launching the platinum jubilee celebrations of chartered accountants' apex body ICAI. \"Indian economy is set for a surge and in the next decade, probably even by 2025, India is expected to double the size of the GDP to USD 5 trillion,\" Kovind said. The President said that adherence to a fair taxation system is much more than merely providing revenue to the government which is part of the same social contract that underpins the Constitution.Walmart India gets half of biz via non-store sales  US retail major Walmart is now getting nearly half of its business through non-store or out-of-store sales channels, which include B2B e-commerce, associates' driven sales and call centres, a company official has said. While, the rest half of its business still comes through in-store walk-ins, where its members visit its stores and purchase.Besides, Walmart India is also going to open another fulfilment centre soon at Lucknow after opening its first such facility in Mumbai last year.FDI inflow growth rate dips to 5-year low in FY18Foreign direct investment (FDI) in India seems to be petering out. According to the latest data released by the Department of Industrial Policy and Promotion (DIPP), FDI inflows growth rate recorded a five-year low of 3 per cent at $44.85 billion in 2017-18. In contrast, foreign inflows had grown by 8 per cent in 2013-14, under the previous government, albeit after recording a negative growth of 38 per cent in 2012-13.The current government had managed to initially multiply the FDI inflow growth rate to 27 per cent in 2014-15 and 29 per cent in the following year, but it dived to just 8.67 per cent in 2016-17.CIOs looking at increasing spends on cyber security: EY  Companies across sectors may increase their spending on cyber security as a percentage of the overall IT budget as they look to comply with privacy laws and protect organisations against new emerging threats, says a report by consultancy firm EY. A survey conducted by EY found 42 per cent respondents saying they are \"willing to invest more than 10 per cent of their annual IT budget on cyber security\". The report highlighted that the \"onslaught\" of Industry 4.0 technologies such as artificial intelligence (AI), Internet of Things (IoT) and machine learning (ML) -- being considered and adopted -- are drastically increasing the attack-surface for companies.Honda Cars India posts 37.5 pc rise in domestic sales  Honda Cars India (HCIL) today reported a 37.5 per cent increase in its domestic sales to 17,602 units in June on account of strong sales of all new Amaze. The company had sold 12,804 units in the domestic market in June 2017, HCIL said in a statement. \"The recently launched All New Amaze which has been receiving an overwhelming customers' response sold a remarkable 9,103 units in June'18, strongly contributing to company's growth last month,\" HCIL said adding that HCIL has received over 26,000 bookings of the all new Amaze since its launch.GST rate cut possible as revenue to exceed Rs 13 lakh crore this fiscal: Piyush GoyalFinance Minister Piyush Goyal on Sunday said he expected GST collections to exceed Rs 13 lakh crore in the current financial year and this higher revenue would provide headroom to cut tax rates. The interim finance minister said, \"with more people coming under the tax net, and successful implementation of the e-way bill system, there will be scope for rationalisation of tax slabs.\"Under the four-tier Goods and Services Tax (GST), which was rolled out on July 1, 2017, taxes are levied in the brackets of 5 per cent, 12 per cent, 18 per cent and 28 per cent. On top of the highest tax bracket, a cess is levied on luxury goods such as big cars and sin goods such as sugary drinks and cigarettes


Reuters
June 30, 2018
Growth in China's manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slowdown in the world's second-biggest economy.


BusinessToday.In
New Delhi, June 29, 2018
Climate change could cost India 2.8 per cent of GDP, and depress living standards of nearly half of its population by 2050, a World Bank report said. Watch BusinessToday.In's video to find out about the solutions to climate change.


BusinessToday.in
New Delhi, June 29, 2018
Climate change could eat into India's GDP, hurt living standards, says World BankClimate change could cost India 2.8 per cent of GDP, and depress living standards of nearly half of its population by 2050, as average annual temperatures are expected to rise by 1-2 per cent over three decades, a World Bank report today said. If no measures are taken, average temperatures in India are predicted to increase by 1.5-3 degrees, said the World Bank report titled 'South Asia's Hotspots: The Impact of Temperature and Precipitation Changes on Living Standards'. India's average annual temperatures are expected to rise by 1-2 degrees celsius by 2050, the report said.B Sriram steps down as SBI MD amidst IDBI Bank stake sale talksB Sriram has resigned from the post of Managing Director at the State Bank of India (SBI), days after he was appointed to lead the IDBI Bank. He was named the Managing Director and Chief Executive Officer of the IDBI Bank last week for a period of three months. He replaced Mahesh Kumar Jain at the helm of IDBI Bank on June 22, who will join the Reserve Bank of India (RBI) in the capacity of Deputy Governor. A PTI report said while quoting sources that his resignation from the board of SBI has been forwarded to Appointments Committee of the Cabinet (ACC) for approval. A decision on the matter will now be taken by a competent authority. The Committee is headed by Prime Minister Narendra Modi.Akash Ambani-Shloka Mehta engagement: SRK, Alia Bhatt, Priyanka Chopra attend star-studded bashThe couple who is currently the talk of the town - Akash Ambani and Shloka Mehta - threw a star-studded engagement bash on Thursday evening. The glam affair took place in Mukesh and Nita Ambani's Mumbai residence, Antilia. The bash was attended by the who's who of Bollywood, including Shah Rukh Khan and wife, Gauri Khan, Alia Bhatt, Ranbir Kapoor, Priyanka Chopra and her rumoured beau Nick Jonas, Karan Johar, as well as Sachin Tendulkar and wife Anjali. According to reports, the bash last night followed a traditional ring ceremony and involved all the close friends and family. A bigger party is reserved for June 30.Amazon, H&M and other multinationals pressing to soften Indian state's plastic banMultinational companies like Amazon Inc and H&M are lobbying to soften a ban against single-use plastic imposed by an Indian state last week, according to four sources familiar with the matter. Representatives of companies including Amazon, H&M, Pepsi and Coca-Cola , as well as plastic industry bodies and lobby groups, met with Maharashtra government officials days before the ban came into effect on June 23, urging them to implement the rule in phases and relax some norms, said the four sources who declined to be named.Indians' money in Swiss banks rise 50% to over CHF 1 billionMoney parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there. In comparison, the total funds held by all foreign clients of Swiss banks rose about 3 per cent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017, according to the official annual data released today by Swiss National Bank (SNB), the central banking authority of the Alpine nation.


PTI
June 29, 2018
India's growth accelerated to 7.7 per cent in the fourth quarter of Financial Year (FY) 2017-18. That was up from 7 per cent in the previous quarter.


Reuters
June 29, 2018
By 2050, the country will need 1,180 bcm of water, and at the same time groundwater is being depleted at unsustainable rates, the report said.


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