Economy News Update
arrow Former CEA Arvind Subramanian calls for review by experts to clear doubts over back series data
  Former CEA Arvind Subramanian calls for review by experts to clear doubts over back series data Subramanian stressed that institutions that do not have technical expertise in calculating the GDP data should not be involved in the process, apparently referring to the Niti Aayog.
arrow IIT Madras sees 888 offers in Phase I of placements
  IIT Madras sees 888 offers in Phase I of placements The institute said that it received the highest ever number of job offers during placements made in its history
arrow Finance Ministry extends deadline for filing GST annual returns till March 31
  Finance Ministry extends deadline for filing GST annual returns till March 31 Trade and industry players have been seeking an extension of the deadline for filing the annual returns.
arrow China#39;s November export, import growth shrinks; surplus with US record high
  China#39;s November export, import growth shrinks; surplus with US record high Import growth also falls sharply in November to the slowest pace since October 2016, which signals continuing weakness in domestic demand.
arrow US Fed on quest for unicorn of monetary policy: The soft landing
  US Fed on quest for unicorn of monetary policy: The soft landing The critical employment report on December 7 gave a mixed message about the state of the economy.
arrow Top 10 fastest growing cities in the world are in India: Find out which is number 1
  Top 10 fastest growing cities in the world are in India: Find out which is number 1 Here are the 10 Indian cities that will have the highest GDP growth YoY.
arrow Forex reserves rise by $932.8 mn to $393.72 bn
  Forex reserves rise by $932.8 mn to $393.72 bn In the previous week, the reserves had dropped by $795 million to $392.785 billion.
arrow Current account deficit widens to 2.9% of GDP in Q2
  Current account deficit widens to 2.9% of GDP in Q2 The CAD was $19.1 billion during the quarter ended September 30, 2018.
arrow Rupee claws back some lost ground, rises 23 paise against US dollar
  Rupee claws back some lost ground, rises 23 paise against US dollar Brent crude, the international oil benchmark, was trading 0.52 percent higher at $60.37 per barrel on December 7.
arrow Govt’s stake sale in REC to PFC more about fiscal math than operational synergies
  Govt’s stake sale in REC to PFC more about fiscal math than operational synergies In a similar deal last fiscal, GOI sold its 51 percent stake in HPCL to ONGC and managed to raise Rs 36,915 crore.
arrow Editor#39;s Take | GST Council Meet: What To expect?
  Editor#39;s Take | GST Council Meet: What To expect? Sakshi Batra gets in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol to discuss which are the items that could get cheaper and how will the lower tax rate impact revenues.
arrow Govt appoints Krishnamurthy Subramanian as Chief Economic Adviser for 3 years
  Govt appoints Krishnamurthy Subramanian as Chief Economic Adviser for 3 years Subramanian, who is currently the associate professor of finance (with tenure) and executive director for the Centre for Analytical Finance at ISB, is expected to take charge in the next 10 days.
arrow Quick Take | Does the market really have a reason to worry about lower global growth?
  Quick Take | Does the market really have a reason to worry about lower global growth? Global growth is still strong, but business confidence is the lowest it has been in two years
arrow Nitin Gadkari assures he#39;s fine after he fainted on stage in Maharashtra
  Nitin Gadkari assures he#39;s fine after he fainted on stage in Maharashtra He fainted at the convocation of an agriculture university in Rahuri while the national anthem was being sung, the official said.
arrow India to have 17 out of 20 fastest-growing cities globally between 2019-2035: Report
  India to have 17 out of 20 fastest-growing cities globally between 2019-2035: Report Topping the list is Surat which is a major diamond trading and processing centre and also has a strong presence of IT companies.