ECONOMY NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

Govt finances show improvement in August  -   26/09/2018 11:43
G overnment's finances have shown improvement in August with fiscal deficit at 94.7 per cent of the Budget Estimate (BE), mainly on account of better expenditure management, as per an official data. The deficit was at 96.1 per cent of BE at August-end of the last financial year. In actual terms, the fiscal deficit or gap between the total expenditure and receipts was Rs 5.91 lakh crore in the first five...
Govt strictly monitoring IL&FS issue: FM  -   26/09/2018 11:14
T he Finance Minister has said that the government is closely monitoring the situation arising out of the defaults by IL&FS Group amid jitters in financial markets over liquidity concerns. Banks have expressed confidence that they would continue to ensure adequate availability of liquidity in the various sectors of the economy, Jaitley said. His remarks come against the backdrop of defaults by an IL&...
Govt’s export promotion measures to control CAD: Wadhawan  -   26/09/2018 11:12
T he commerce and industry ministry has said that the government’s export promotion measures, implementation of minimum standards for imports, and continued healthy inflow of remittances by non-resident Indians will help control the country’s rising current account deficit (CAD). Commenting on the issue, commerce secretary Anup Wadhawan told the media, “The government can increase tarif...
India's economy continues on robust growth path: ADB  -   26/09/2018 10:18
I ndia's economy continues on a robust growth path, the Asian Development Bank (ADB) said Wednesday while maintaining the growth forecast for the current fiscal at 7.3 per cent. However, depreciation of the rupee and volatile external financial markets pose challenges, the multilateral lending agency added, in an update of its flagship annual economic publication, the Asian Development Outlook (ADO) 2018....
CII Business Confidence Index touches record high of 64.9 in Q2 FY19  -   26/09/2018 09:54
I n an indication of rising confidence about the future growth trajectory and business prospects, companies are more than just optimistic about the return of good times during the second quarter of FY19. This finds a reflection in the CII Business Confidence Index (BCI) which has touched the series high of 64.9 as against 60.1 in the last quarter. The significant uptick in the index, for the fourth consecuti...
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