# India

Union Budget 2018: India to become $5 trillion economy soon, says Arun Jaitley

In his Union Budget 2018 speech in Parliament on Thursday, Finance Minister Arun Jaitley said India was on the path…

SNS | New Delhi | February 1, 2018 1:01 pm

Union Budget 2018: India to become $5 trillion economy soon, says Arun Jaitley

In his Union Budget 2018 speech in Parliament on Thursday, Finance Minister Arun Jaitley said India was on the path to become a $5-trillion economy soon.

The Indian economy stands at $2.5 trillion now.

Jaitley also said the economy was on course to achieve 8 per cent growth, which will be at 7.2 to 7.5 per cent in the second half of the fiscal.

“Indian economy has performed very well since our government came to power,” the Finance Minister said.

# Business

GST Council likely to decide on tax relief for life & health insurance at Dec 21 meet

The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance.

# Opinion

The Eastern path~I

India's Act East policy was launched in 2014. As pointed out by Prime Minister Modi, it rests on four pillars: Culture, Commerce, Connectivity and Capacity.

# Business