Economy News
Manufacturing PMI rises to 52.2 in Sept.
Factory production improved a tad as September’s Purchasing Manager Index (PMI) rose to 52.2 per cent from 1.7 per cent of August.
posted by Jawwad Kazi 2nd Oct 2018
Core sector growth slows to 4.2% in August
The growth of eight infrastructure sectors slowed down to 4.2% in August against 4.4% a year ago, on account of decline in production of crude oil and fertiliser.
posted by Jawwad Kazi 2nd Oct 2018
U.S. growth, rupee fall will boost Indian exports : Assocham
According to a report by Assocham, India’s exports hold a promising outlook with the U.S. economy growing coupled with the rupee depreciation leading to enhanced net revenue realisations.
posted by Jawwad Kazi 1st Oct 2018
E-commerce firms will have to register in every state
Central Board of Indirect Taxes and Customs (CBIC) said, e-commerce operators will be required to register in every state/UT for collection of TCS (tax collected at source).
posted by Jawwad Kazi 1st Oct 2018
Centre cuts borrowing target
The government has decided to reduce its borrowing requirement for the year by Rs.72,000 crore, Economic Affairs Secretary said.
posted by Jawwad Kazi 29th Sep 2018