Economy

Indian economy will continue to have V-shaped recovery: Govt

Economic affairs secretary Subhash Chandra Garg. Photo: Pradeep Gaur/Mint Mumbai: The 7.2% growth in the Indian economy during the October-December quarter has put the country in the highest growth bracket globally and recovery will continue to be sharp going ahead, economic affairs secretary Subhash Chandra Garg said on Thursday. “We have said this earlier that the first quarter (of FY18) was ... Read More »

Indian Economy Seems To Be On Way To Recovering From Demonetisation Disruptions, Says IMF

India’s economy has expanded strongly in recent years, said Tao Zhang, Deputy Managing Director of IMF. HIGHLIGHTS IMF has underscored the significance of reforms in education, health Economy expanded strongly because of macro economic policies Demonetization temporarily affected economic activity, said IMF Dy MD Washington: The Indian economy now seems to be on its way to recovering from disruptions caused by ... Read More »

Fresh troubles for the Indian economy

Are we out of the woods as far as economic growth is concerned? Is the Indian economy on track to accelerate from here on? A month ago, the general consensus was that the worst was over and things were going to get better from here on. The Index of Industrial Production (IIP) was steadily inching up. The economy seemed to ... Read More »

Govt notifies new accounting standard that comes into effect on April 1

Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The corporate affairs ministry has notified Indian Accounting Standard (Ind AS) 115 which would be effective from the new financial year, starting Sunday. According to experts, Ind AS 115 will help in more transparent accounting of revenues and ... Read More »

Dark net, bitcoin being used to smuggle drugs: Report

The “increasing” trend of using the ‘dark net’ and bitcoins to smuggle pharma medicines and illicit drugs to untouched segments of the population and youngsters in the country is becoming a new challenge for anti-narcotics agencies, a latest report has revealed. The “loose regime” of the sale of over-the-counter drugs and some select ayurvedic preparations is a trend that drug ... Read More »

Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai-based developer who built the iconic 250-acre Hiranandani Gardens township in suburban Powai. Led by Darshan Hiranandani, Niranjan’s son, H-Energy (formerly known as Hiranandani Energy) expects to start commercial operation of its first LNG terminal ... Read More »

Economic growth needs to reflect on HDI: Niti Aayog CEO Amitabh Kant

The Indian economy is growing at 7 -8% which needs to be reflected on the human development index (HDI) wherein the country stands at 131st position out of 188 nations, NITI Aayog CEO Amitabh Kant on Monday said. Kant further said there is need for a radical change at the state and district levels to improve the current situation. “Industry ... Read More »

The Uberization of the economy is winning because of cucumber farmers

Judicial test has helped companies that rely on contractors instead of employees, but California Supreme Court has chance to change it GrubHub notched a key legal victory in a San Francisco federal court in February. Cucumbers and a ride home from the bar may not appear to have much in common, but a judicial test involving cucumber farmers is a ... Read More »

The real danger to the US economy in Trump’s trade policy

Photo by Andrew Harrer-Pool/Getty Images Gary Cohn resigned on Tuesday as director of the National Economic Council. His departure came in the wake of losing the policy argument over sweeping new taxes on imported steel and aluminum. Cohn’s surprise resignation is a valuable reminder that the real risk with this Trump initiative isn’t the tariffs themselves — it’s what happens ... Read More »

Democrats Should Embrace an Open Economy

Wesley Bedrosian President Trump’s decision to announce tariffs on steel and aluminum is his latest effort to close America off from the world in a counterproductive movement to turn back the global economy 40 years. The decision serves as a moment for Democrats to stand up for an open America that confidently competes globally. The immediate impact of Mr. Trump’s ... Read More »