Wednesday, 15 April 2015

Top economic news of the day - April 15, 2015

Coal imports into India, the world's third largest buyer, jumped 33.5% in the last fiscal year to 242.4 million tonnes as lower purchases by China depressed prices and helped consumers elsewhere, preliminary data from mjunction showed. 

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India will overtake China as the fastest growing emerging economy in 2015-16 by clocking a growth rate of 7.5% on the back of recent policy initiatives, pick-up in investments and lower oil prices, the International Monetary Fund said.
 
Coal imports into India, the world's third largest buyer, jumped 33.5% in the last fiscal year to 242.4 million tonnes as lower purchases by China depressed prices and helped consumers elsewhere, preliminary data from mjunction showed. 
 
Assocham has urged the Finance Minister to bring commercial real estate and petroleum within the purview of Goods and services tax levy. The chamber has also made a case for dropping the proposal to levy additional 1% tax on inter-state supply of goods, as it would defeat the objective of GST.

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