Diabytes
Slowdown in Indian economy News
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The slowdown had sparked some calls for lower interest rates, but with inflation rising the RBI left rates unchanged at a review by the monetary policy committee (MPC) last week.
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As far as bringing more items under the GST is concerned, Jaitley said that real estate would be the most easy to bring in.
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Jaitley assured that the economic indicators are being assessed and appropriate action will be taken soon.
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Asked about the possibility of a cut in excise duties on petroleum products, Jaitley said government needed money for public spending to push growth and for social sector schemes.
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Jaitley further said this is a proactive government and has been reacting to the situation as when the situation demanded.
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Niti Aayog vice-chairman Arvind Panagariya on Tuesday said demonetisation would have some impact on the economy in the third and fourth quarter of this fiscal but the country would make up for those losses in FY 2017-18.
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India's manufacturing sector may witness higher growth during the July-September quarter buoyed by improvement in export prospects and domestic demand, even as the hiring outlook remains subdued, according to a survey.
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