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.
Economy
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.
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.”
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.
$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.
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.