India has a huge trade surplus with US - over $20 billion a year in the past five years.

The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.

Pronab Sen, the government's former chief statistician, says contrary to perception, GDP growth won't be drastically hit in the present quarter.

A large number of people using cards at PoS Cards being used more frequently Small-ticket transactions Mastercard South Asia head Porush Singh calls these the three key trends for a cashless future. And post-demonetization India, he believes, is steadily moving towards it.

'Demonetisation may have been well-intentioned, but it was a major mistake. The government should reverse it. It could at least declare that Rs 500 notes, which many poorer people frequently use, are legal again,' Basu, who till recently was World Bank vice-president, wrote in an opinion piece in The New York Times.

'Because of the government's step, the people are now going to splurge on consumption.' 'If you ask me, would growth be 8% for 2017-2018, I would say 7.5% because of the demonetisation move would not be very significant.'

The Niti Aayog is preparing 15-year vision document that will replace the Five-Year Plan from the next financial year

Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years

The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.

Lack of political consensus on economic reforms a key concern.

Gujarat and Jharkhand are most favourably placed in terms of smaller share of public sector employees and lower liability on pension, wages and salaries.

This move to make it easier for funds to avail of tax exemptions.

An announcement has barred the entry of journalists in the finance ministry.

Experts have started giving comments on provisions that the govt must make in Budget 2016-17.

It is pegged at 6.8-8% by various economists, as compared to 6.7%.

Earlier, Arun Jaitley had said 60 prosecutions had been launched on the 'HSBC list'.

'If there is an RBI majority in the committee, there is no question of a veto.'

Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen

ICDS is silent on the prudence aspect of accounting standards.

RBI Governor Raghuram Rajan has noted the contradiction.