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High Impact Economic News

Indian economy to reach $3 trillion in current fiscal
Presenting her first Union Budget, finance minister Nirmala Sitharaman said that India will become a $3 trillion economy in the financial year 2019-2020. She also said that many structural changes are needed for the country to become a $5 trillion economy.

Budget 2019: A budget for the masses
As Nirmala Sitharaman presented her maiden budget as the first fulltime women Union Finance Minister, public expectation towards the Union Budget 2019-20 have been extraordinary given the massive victory of the Modi government and the state of the economy.

Economic Survey lays out blueprint for growth to make India a $5-tn economy
The Economic Survey prescribed a private investment-led growth strategy to achieve Prime Minister Narendra Modi’s vision of making India a $5 trillion economy. The Survey said India needs to cut real interest rates, ease labour rules, reduce capital gains tax...

Growth stage investments hit a record $1 bn in January-June
Growth stage investments in Indian startups set a record by breaching the billion-dollar mark in the first half of this year, as new investors doubled down on Series B and C rounds, generally considered the growth stage for startups.

Over 3.81 lakh employment generated in central govt departments in last two years
Amid a chorus over lack of employment opportunities, the central government said it has generated over 3.81 lakh jobs in the last two fiscals in its different organisations...

Boris Johnson pledges 'new and improved' trade ties with India as UK PM
Boris Johnson, the former foreign secretary seen as the frontrunner in the race to replace Theresa May as British Prime Minister, on Monday pledged a "new and improved" trading relationship with India if he is elected.

New coins in denominations of Rs 1, 5, 10 and 20 to be available soon
New coins in denominations of Rs 1, 5, 10 and 20 Rs 20 will be available to the general public soon, FM Nirmala Sitharaman said in her maiden Budget speech. The RBI will issue coins that will be easily...

Aadhaar can be used for cash transactions beyond Rs 50,000 in place of PAN card
India's national biometric ID Aadhaar can now be quoted for cash transactions of more than Rs 50,000 and all other purposes where traditionally income tax PAN number was a must, according to a top official.

calender July 9, 2019