Economy

Economy News

No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices Mumbai:  Government can meet the.

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Business Economy News

Chances of global recession nearing 50% -Citigroup

(Reuters) -Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has been partly fueled by.

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Economy News

UK announces new tranche of trade sanctions against Russia

LONDON (Reuters) -Britain introduced a new tranche of trade sanctions against Russia on Thursday, a notice published on the government website said. The ‘Notice to Exporters’ listed new measures including.

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Economy News

India aims to keep FY2023 fiscal deficit at last year’s level – sources

By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) – India’s government will not be able to cut its budget deficit this fiscal year as previously projected, officials said, but.

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Economy News

India’s Engineering Exports Rose 13.5% In May, US Emerges Top Buyer

Exports of engineering goods from India surged by 13.5 per cent to $9.79 billion in May 2022 from $8.62 billion recorded in the same month last year New Delhi:  Exports.

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Economy News

GST Council Meet: States To Push For Compensation Beyond June

To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states ₹ 1.1 lakh crore in 2020-21 New Delhi:  The GST Council at its meeting next.

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Economy News

Brexit will cost UK workers 470 pounds a year, study predicts

By David Milliken LONDON (Reuters) – Britain is becoming a more closed economy due to Brexit, with damaging long-term implications for productivity and wages which will leave the average worker.

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Economy News

U.S. business group calls for ‘urgent’ Taiwan free trade talks

TAIPEI (Reuters) – The United States should “urgently” start talks with Taiwan on a free trade agreement with the aim to present a completed text for passage next year, the.

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Economy News

Panel pitches nixing of GST exemptions on host of items

A review of hotel tariffs is also expected to be a part of the recommendations, with lower-tariff hotels also likely to be brought under the GST ambit. The panel is.

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Economy News

Five states need to take steps to stabilise debt levels: RBI

It said Punjab is expected to remain in the worst position as its debt-GSDP ratio is projected to exceed 45 per cent in 2026-27, with further deterioration in its fiscal.

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