December 16, 2019

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Notification No.88/2019 - Customs (N.T.) (Delhi)
Exchange Rates Notification No.88/2019-Customs (NT) dated 5.12.2019


Notification No. 89/2019 – Customs (N.T.) (Delhi)
Appointing the date for enforcing section 88 (b) of the Finance (No. 2) Act, 2019 to bring out the changes in the First Schedule to the Customs Tariff Act, 1975.



Notification No. 102/2019 (Delhi)
Notification No. 102/2019 [F. No 285/36/2019-IT (Inv.V) CBDT]/SO 4344(E)

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Government needs to significantly improve its policymaking process

In the last two decades, we have made some progress in understanding business cycles, both in emerging as well as developed economies. One key difference is that in the former, the ‘path’ of the economy itself can shift, whil...

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Arvind Subramanian: It’s India’s Great Slowdown, economy seems headed for ICU

Former Chief Economic Adviser Arvind Subramanian has said that the Indian economy is currently experiencing a “second wave” of the Twin Balance Sheet (TBS) crisis, which is behind what he terms as a “Great Slowdown”. “Clearly...

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Underlying causes of the economic slowdown

Economists are renowned for getting their forecasts wrong. Only in April, the IMF had that predicted India will grow at a rate of 7.2 per cent in FY20, but recent data indicates a falling GDP growth (4.5 per cent). The IMF pa...

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Centre plays foul on GST compensation

The GST Council has been hailed as a model federal institution, where both the States and the Centre are represented and consensus is arrived through a detailed deliberative processes. So far, there has not been a single inst...

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Moody's cuts India's GDP growth forecast to 5.6% for 2019

Moody's Investors Service on Friday said it has lowered its 2019 GDP growth forecast for India to 5.6 per cent as slow employment growth weighs on consumption. It expects economic growth to pick up in 2020 and 2021 to 6.6 per...

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No recovery yet! Exports drop 0.34% in November, reflect economic gloom

Merchandise exports shrank 0.34% year-on-year in November to $26 billion —the fifth contraction in the past eight months — despite a relatively favourable base, as faltering domestic manufacturing on top of external headwinds...

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Forex reserves soar $2.3 billion to touch all-time high of $453 billion

The country's foreign exchange reserves surged by $2.342 billion to touch a life-time high of $453.422 billion in the week to December 6, according to the RBI data. In the previous week, the reserves had increased by $2.484 b...

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NBFC crisis poses more bad loan risks for banks: Moody's

The continuing liquidity crunch facing non-banking financial companies is likely to result in increasing bad loans risks for banks both from these shadow banks as well as from companies relying on such lenders for funding, wa...

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Trade Report
Country Month Link
Switerzland July 2019 Click
Xi Jinping calls for 'contingency plan' to deal with economic slowdown in 2020

A key economic conference presided over by Chinese President Xi Jinping has called for "contingency plans" to deal with the daunting economic slowdown of the world's second largest economy accentuated by the 18-month long tra...

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Britain will be 'competitor at our door' after Brexit, says Angela Merkel

German Chancellor Angela Merkel warned Friday that Britain would be an economic "competitor at our door" after it leaves the European Union. Merkel was speaking after British Prime Minister Boris Johnson won a resounding elec...

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Goldman is disappointed in trade deal: Tariff rollback ‘smaller than expected’

Amid a slew of headlines and tweets, a long-awaited phase one trade deal between the U.S. and China has finally been agreed upon. However, Goldman Sachs is not so happy about it. As part of the limited deal, the U.S. said it ...

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US, China interim deal may set new normal for ‘managed trade’, impact global commerce: analysts

The in-principle agreement between the US and China to avert their festering trade war could set a new normal for “managed trade” with adverse implications on other countries in the global trade, analysts said. US President D...

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ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition

Global steel giant ArcelorMittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore, sources said on Friday. The decks for acquisition of Essar Steel by L N Mittal-led company was cleared by ...

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Infosys on class-action suit: 'No additional complaints, except initial ones'

A day after a US law firm filed a class-action lawsuit against Infosys, accusing it of giving "false" and "misleading" statements to the market, the tech services giant said there were no additional complaints against the com...

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SoftBank-backed Paytm raises $660 million

Indian digital payments startup Paytm's parent has raised nearly $660 million from investors including Alibaba's Alipay, SoftBank's SVF Panther (Cayman) and funds managed by T Rowe Price among others, according to a filing. T...

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Jaypee homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency process

Jaypee Infratech's homebuyers association has urged all flat owners and lenders to vote in favour of state-owned NBCC's bid to acquire debt-laden realty firm as the public sector firm has experience to develop large projects ...

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FM Nirmala Sitharaman says haven’t discussed GST hikes yet

Finance minister Nirmala Sitharaman on Friday asserted that the measures taken by the government to reverse the economic slowdown have begun to bear fruit and pledged to respond with more steps, if required. The GDP growth cr...

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