Economy News Update
arrow Nitin Gadkari to inaugurate, lay foundation stone for Rs 8,530 cr projects in western UP
  Nitin Gadkari to inaugurate, lay foundation stone for Rs 8,530 cr projects in western UP Union Minister Nitin Gadkari will on Thursday inaugurate and lay foundation stone for Rs 8,530 crore highway and sewage treatment projects in western Uttar Pradesh, the government said on Wednesday. Gadkari will be accompanied by Uttar Pradesh Chief Minister Yogi Adityanath.
arrow Saudi Arabia sees $100 bn investment opportunity in India: Crown Prince Mohammed bin Salman
  Saudi Arabia sees $100 bn investment opportunity in India: Crown Prince Mohammed bin Salman Addressing the media along with Prime Minister Narendra Modi, the crown prince said Saudi Arabia has already invested USD 44 billion in India since the visit of Modi in 2016 to the Gulf nation.
arrow FinMin expects NPA recovery of Rs 1.80 lakh crore in FY19
  FinMin expects NPA recovery of Rs 1.80 lakh crore in FY19 The recovery is expected to touch Rs 1.80 lakh crore by March 2019 with some of the resolutions at the final stage, Financial Services Secretary Rajiv Kumar said.
arrow India No.1 investment destination for Saudi Arabia: Oil Minister
  India No.1 investment destination for Saudi Arabia: Oil Minister Speaking at Saudi India Forum, Saudi Oil Minister Khalid Al-Falih said the oil-rich Kingdom was excited about reforms and the opening up of the market in the country and is keen to partner in the growth.
arrow Nitin Gadkari to inaugurate, lay foundation for Rs 5,555 cr road projects in Uttarakhand
  Nitin Gadkari to inaugurate, lay foundation for Rs 5,555 cr road projects in Uttarakhand "Union Minister for Road Transport Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari will inaugurate and lay the foundation stones for NH and Namami Gange works amounting to Rs 5,894 crore at Haridwar in Uttarakhand tomorrow," Ministry of Road Transport and Highways said in a statement.
arrow India to remain fastest growing major economy in next decade: Report
  India to remain fastest growing major economy in next decade: Report The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, India is likely to achieve an average growth of 6.5 per cent in 2019-28, the highest among the emerging economies.
arrow India to remain fastest growing major economy in next decade: Report
  India to remain fastest growing major economy in next decade: Report The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, India is likely to achieve an average growth of 6.5 per cent in 2019-28, the highest among the emerging economies.
arrow China will not change prudent monetary policy: Premier Li Keqiang
  China will not change prudent monetary policy: Premier Li Keqiang Market speculation is growing over whether authorities will take more aggressive policy steps after recent weak data.
arrow Maharashtra to focus on services sector to be a $1 trillion economy, says CM Fadnavis
  Maharashtra to focus on services sector to be a $1 trillion economy, says CM Fadnavis The value created by industry is seven times more than agriculture and services, nine times more. "So, we are shifting the focus from agriculture and services and digital transformation will play a critical role," Fadnavis said.
arrow China to expand agriculture reforms to bolster rural economy
  China to expand agriculture reforms to bolster rural economy Beijing#39;s statement, released late on February 19, comes after the world#39;s second-largest economy saw its weakest growth in 28 years in 2018 and remains entangled in a trade war with Washington.
arrow Monetary policy easing back in play across Asia
  Monetary policy easing back in play across Asia The Federal Reserve last month adopted a more cautious approach in a shift that signalled its tightening cycle might be at an end.
arrow 19 PSBs write off loans worth Rs 41,000 crore in Q3FY19: Report
  19 PSBs write off loans worth Rs 41,000 crore in Q3FY19: Report The rise in the pace of the write-off exercise indicates that write-offs may be sizeable in the current year too.
arrow Editor#39;s Take| RBI to transfer Rs 28,000 cr interim dividend to govt
  Editor#39;s Take| RBI to transfer Rs 28,000 cr interim dividend to govt The interim surplus has been decided after a limited audit review and after applying the Economic Capital Framework.
arrow No video conferencing, state FMs insist on one-on-one for next GST Council meeting
  No video conferencing, state FMs insist on one-on-one for next GST Council meeting As many as finance ministers of six states, including Delhi, Kerala and Punjab, have requested head of the GST Council Arun Jaitley to postpone the 33rd Council meeting.
arrow GST Council may lower rates on under-construction properties in February 20 meet
  GST Council may lower rates on under-construction properties in February 20 meet There is also speculation that a rate cut on cement, which currently attracts 28 percent GST, is on the agenda.