Trade deficit widens to $14.9 bn
Goods trade deficit in December, 2017 widened to $14.9 billion from $10.5 billion in December 2016 as imports outpaced exports, government data showed.
WPI inflation eases to 3.58%
According to the data release by Ministry of commerce and industry, Wholesale price-based inflation (WPI) eased to a three-month low of 3.58 per cent in December 2017.
Industrial output jumps to 8.4%
Industrial output for November jumped to a 25-month high of 8.4 per cent, bolstered by strong performances in the manufacturing, construction, and consumer non-durables sectors, according to the official data.
India to grow 7.3% in 2018: World bank
World bank in its 2018 Global Economics Prospect release, projected country’s growth rate to 7.3 per cent in 2018 and 7.5 for the next two years.
Telecom Commission clears TRAI suggestion to ease norms
The Telecom Commission cleared the recommendations given by the Telecom Regulatory Authority of India (TRAI) to relax the norms pertaining to the maximum quantum of spectrum that can be held by a particular company.
Rise in Direct tax collections
According to official data released, Government’s net direct tax collections during April-December rose 18.2 per cent to Rs 6.56 lakh crore
Government mulls incentives for States promoting exports
The commerce and industry ministry is considering incentives for states that play a proactive role in promoting exports as it will help boost economic growth
GDP growth to hit four-year-low at 6.5%
The country’s gross domestic product (GDP) is estimated to grow at 6.5 per cent during 2017-18 a four year low.
Electoral bonds notified
The union government unveiled key features of electoral bonds scheme announced during the 2017 Budget, including their denomination and validity.
Core sector recorded a 13-month high growth
According to data released by the Ministry of Commerce and Industry, activity in the eight core sectors of the economy accelerated to a 13-month high of 6.7% in November.