Govt Seeks Solution In New GST Math Over Dropping Demand

Among big-ticket consumer items, automobiles, tyres, cement, air conditioners and large LCD televisions are currently in the 28% bracket.

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SBI Chief Calls Next Two Months Crucial For Economy

Finance minister Nirmala Sitharaman said last week that the government would merge 10 state-run lenders to create four mega banks that would help facilitate the flow of credit.

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India Effectively In ‘Quasi- Recession’ As Growth Slumps: Economists

Hindustan Unilever Ltd. warned that the consumer goods his company makes are “recession-resistant, but not recession-proof.”

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GDP Elevation In June Quarter Instigates Growth, Rate- Cut Revisions

The slump will put the onus on the Reserve Bank of India (RBI) to continue cutting interest rates after 110 basis points of easing already this year, the economists said.

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$5 Trillion GDP Goal Of PM Modi Hits Hard: Road- Builder NHAI’s Debt

Ratings company ICRA on Wednesday said the build up of debt means NHAI must either go slow on new projects or shift to a build-operate-transfer model involving equity-purchases by private players.

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India’s Growth Slowdown Likely To Go Deep As Consumer Buckle

Prime Minister Narendra Modi, who returned to power in May with a bigger margin than in 2014, is witnessing the worst slowdown so far under his watch.

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Poll Says Indian Economy Is Set For Weakest Growth In 5 Years

The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a tad slower than 5.8 per cent in the preceding three months.

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NITI Aayog, CEA Not On Same Grounds In The Economy Revival Plan

(CEA) Krishnamurthy Subramanian said that any sort of bailout package will be a “moral hazard” and anathema to way a market economy works.

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Govt Working On Reforms To Fight Economic Slowdown

Growth fell to a five-year low of 6.8 per cent in FY19, much below the government’s projection of 7.2 per cent.

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Indian Stock Markets To Be Under Pressure; ICICI Bank In Focus

The US and Chinese trade negotiators will meet in Shanghai this week for their first in-person talks since a G20 truce last month, but expectations are low for a breakthrough.

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