economy

Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the Central Board of Direct Taxes (CBDT) said.

Hungary seen holding rates despite CPI rise, forint jitters Aug 17 2018

Analysts see Hungary’s central bank NBH keeping its record-low interest rates on hold again at its meeting on Aug. 21, despite a pick-up in inflation and increased currency EURHUF= volatility in the wake of Turkey’s currency crisis.

Japan July inflation seen ticking up but still far from BOJ target: Reuters poll Aug 17 2018

Japan's core consumer inflation rate likely picked up slightly in July but due mostly to rising energy costs rather than robust demand, a Reuters poll showed.

India Ratings pegs down FY19 GDP forecast to 7.2% on inflation Aug 16 2018

India Ratings today revised down its economic growth forecast for financial year 2018-19 by two notches to 7.2 per cent citing rising inflationary risks.

RBI's monetary policy panel cites inflationary risks as reason for rate hike Aug 16 2018

RBI's MPC members cited possible risks of inflation in the second half of the year as one of the key drivers for raising interest rates in August, according to minutes of the meeting released.

Payment seen unlikely on $1.1 billion in maturing Venezuela bonds Aug 16 2018

Venezuela faces payments of $1.1 billion in interest and principal on two bonds maturing on Wednesday, but investors expect the cash-strapped nation to continue its pattern of no payments.

Euro zone June trade surplus falls by less than expected Aug 16 2018

The euro zone’s surplus for goods traded with the rest of the world fell by less than forecast in June, European statistics office Eurostat said.

China central bank bans some offshore yuan deposits and lending via FTZ scheme: Sources Aug 16 2018

China’s central bank has restricted commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, two sources with direct knowledge of the matter said.

UK retail sales grow faster in July, helped by World Cup and clothes discounting Aug 16 2018

Retail sales volumes in July rose by 0.7 percent, and were 3.5 percent higher than a year earlier, above economists’ forecasts in a Reuters poll for a 0.2 percent monthly rise and a 3.0 percent annual gain.