Business News

Subscribe to Business News feed Business News
Economy News and Government Policy News: Get latest Indian economy news, government policy news, world economy news, Indian economy, GDP growth rate, trade news, economic growth rate at Business Standard.
Updated: 2 hours 1 min ago

Govt to offer six oil & gas blocks in unexplored Vindhyan, Bengal basins

7 hours 58 min ago
The government sees this as a milestone in the country's hydrocarbon sector, as investments so far were limited to only seven of the 26 sedimentary basins in the country

Sitharaman's sops likely to spur motor insurance companies' growth

8 hours 55 min ago
The enhanced depreciation is expected to motivate vehicle makers

NITI Aayog at the forefront of Centre's move to promote electric vehicles

9 hours 5 min ago
Nitin Gadkari said it was the mandate of his ministry and not that of NITI Aayog to take a call on vehicle technology

Remembering Arun Jaitley and the mark he left on the Indian economy

12 hours 11 min ago
In informal conversations, current and past bureaucrats, some of whom are still in very powerful positions, have spoken highly of him as a minister who trusted his bureaucrats' judgement, experience

Karnataka's Dept of Mines & Geology defers e-auction of Donimalai mine

14 hours 28 min ago
Move follows an order by the Mines Tribunal staying the Karnataka govt's decision tp cancel the Donimalai mining lease to NMDC

Automakers welcome Govt sops but are divided on festival season impact

15 hours 32 min ago
Most agree, though, on the long-term benefits that the measures will bring in

Surcharge hike for FPIs on capital gains in equities, derivatives withdrawn

16 hours 7 min ago
The tax payable at normal rate on business income arising from the transfer of derivatives to a person other than FPI shall be liable for the enhanced surcharge

'Isolation' of J&K allowed Kashmiri youths to get radicalised: PM Modi

17 hours 17 min ago
Defending his government's moves, Modi said it was India's 'internal steps' which was taken in a 'completely democratic, open, transparent and constitutional' manner

What's the plan for falling GDP, NPAs? Cong on govt's 'incomplete' measures

17 hours 27 min ago
Govt announced rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption for startups from angel tax, package for auto sector and upfront infusion of Rs 70,000 cr to PSBs

PM Modi urges NRIs to invest in J&K, says India has political stability

17 hours 32 min ago
Addressing a group of NRI business community in the UAE capital Abu Dhabi, Modi thanked them, saying they have made a vital contribution to India's economic growth

US industry hails India's mini-Budget, sees investment atmosphere improving

Fri, 08/23/2019 - 21:05
Hailing the slew of announcements made by Union Finance Minister Nirmala Sitharaman, the US corporate world on Friday said the comprehensive set of proposed reforms will provide needed stimulus for the economy and strengthen India's position as a global investment destination. The Indian government on Friday announced a raft of measures, including rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption of startups from 'angel tax', a package to address distress in the auto sector and upfront infusion of Rs 70,000 crore to public sector banks, in efforts to boost economic growth from a five-year low. "We commend Finance Minister Nirmala Sitharaman and the Government of India on this comprehensive set of proposed reforms, which will provide needed stimulus for the Indian economy and ensure continued economic expansion, US India Business Council president Nisha Desai Biswal said. Biswal, who served as Assistant Secretary of State for South and Central As

Mini Budget: FPI surcharge rolled back; no angel tax for start-ups

Fri, 08/23/2019 - 16:45
PSBs get Rs 70,000 crore; home, auto loans to become cheaper

Confident of hitting tax-collection target, says FM Nirmala Sitharaman

Fri, 08/23/2019 - 16:14
Sitharaman, however, was confident that the target would be achieved without any harassment to taxpayers

Govt sets up task force to streamline infra projects worth Rs 100 trillion

Fri, 08/23/2019 - 16:05
The FM also said an organisation would be set up to provide credit enhancement for infrastructure and housing projects, increasing the flow of funds to these

MSMEs to get pending GST refunds within 30 days: Nirmala Sitharaman

Fri, 08/23/2019 - 15:56
Banks will also have to return all documents within 15 days of a loan closure, helping borrowers whose mortgaged assets are tied up

Govt's reform push: Business income may also see surcharge relief

Fri, 08/23/2019 - 15:54
Taxes had risen for foreign portfolio investors (FPIs) and others following surcharges introduced in the Budget

Gujarat retains top position in water management, says NITI Aayog

Fri, 08/23/2019 - 15:35
Releasing the second edition of the Composite Water Management Index, the government think tank said the annual per capita availability of water is expected to reduce to 1,140 cubic metres by 2050

Competition Commission must study foreign firms' conduct, says Sitharaman

Fri, 08/23/2019 - 15:18
The CCI is already studying the new economy segment to understand how some companies abuse dominant positions

Moody's cuts India's GDP growth to 6.2% for 2019 amid economic slowdown

Fri, 08/23/2019 - 15:12
The cut in growth rates for India was sharper for both the years than the other seven economies

Reform push: Corporate bosses see higher demand and fast recovery

Fri, 08/23/2019 - 13:31
India Inc also expects other measures to make the recovery more permanent