NEW DELHI: India’s gross goods and services tax (GST) collections rose 14.7% in September to ₹2.04 trillion from ₹1.77 trillion a year earlier, with the headline growth driven largely by…
Category: Economy
Weak monsoon unlikely to dent rural demand, Crisil says; Diamond, specialty chemicals, polyester textiles face war risks
India Inc will not have much impact even if the Reserve Bank of India decides to hike rates by 0.50 percentage points in the remainder of the calender year, domestic…
Govt keeps small savings rates unchanged for December quarter
New Delhi: The government on Wednesday kept interest rates unchanged for a dozen small savings schemes including the tax-saving Public Provident Fund (PPF) and Sukanya Samriddhi accounts for the three…
India’s fiscal deficit widens to ₹7.1 lakh crore, hits 41.9% of FY27 target by August
The Centre’s stood at ₹7.1 lakh crore, or 41.9% of the full-year target, at the end of August, according to data released by the Controller General of Accounts (CGA) on…
Indian economy fares better in August but renewed worries linger
India’s economic scorecard improved significantly in August as eight of the 16 high-frequency indicators tracked by Mint came in above their one-year average, up from five the previous month. Apart…
China’s ‘10 million tonnes’ US coal bet is about more than energy: What Beijing gets from trade deal | Explained
China is set to increase imports of US coal in the coming years, as Beijing and Washington look to ease tensions over trade. The move could give US coal producers…
Shaktikanta Das flags eastward shift in global economy, urges Global South to seize opportunities
The global economy is increasingly shifting towards the East, creating new opportunities for developing nations, Shaktikanta Das, Principal Secretary-2 to the Prime Minister, said on Tuesday. He urged countries in…
Jamie Dimon wants fewer trade barriers with Europe. But there’s a catch
JPMorgan Chase chief Jamie Dimon wants fewer trade barriers between the US and Europe, but his proposal comes with a catch: the European Union would first need to overhaul its…
RBI rate hikes: Nomura predicts only 50 bps against market’s 125 bps bet, anticipating moderation in inflation pressures
MUMBAI: Nomura expects the Reserve Bank of India’s Monetary Policy Committee to deliver only two 25-basis-point rate hikes in the current cycle, taking a markedly different view from market pricing…