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Animal spirits are hushed as consumer demand remains elusive

Thursday, September 26, 2019, 7:59 PM

India's economic growth showed little signs of a recovery from a six-year-low, with investment and consumption activity in August remaining fairly subdued. The dial on a gauge measuring overall economic activity was stuck in the same position as the previous month, with two of the eight high-frequency indicators compiled by Bloomberg News showing weakness and five others staying steady.
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Finance Minister reaches out to exporters with fresh stimulus

Sunday, September 15, 2019, 12:15 PM

Stressing that Government is focused on exports-promotion and is aware of the hiccups being faced by the exporting fraternity, Union-Finance-Minister Nirmala Sitharaman announced a slew of measures to revive business-sentiments among country's exporting fraternity. "The Government is to extend the scheme of reimbursement of taxes and duties for export-promotion and it will also offer higher-insurance cover to banks lending working-capital for exports," said Sitharaman.
 
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Govt may soon announce measures to boost exports

Friday, September 6, 2019, 4:29 PM

The government is expected to soon announce measures for certain sectors, including gems and jewellery, to boost the country's subdued exports, an official said. Finance and commerce ministries have held several round of talks on these measures, the official said. As part of a proposal that is under consideration, the government may extend the deadline for removal of tax-benefits to units in the SEZs.

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