State Bank of India mulls 0.25% interest rate cut
State Bank of India (SBI) Chairperson Arundhati Bhattacharya says a 25 basis points cut in interest rates was in the offing and that an improvement in the financial health of India`s banking sector was closely linked to the overall performance of the economy.
Sep 11, 2016, 15:40 PM IST
Slowdown in Islamic finance to run into 2017: S&P
The slowdown in Islamic finance growth is likely to continue through 2017 due to low oil prices and lack of regulation, Standard and Poor`s Global Ratings said Monday.
Sep 05, 2016, 15:58 PM IST
Indian economy needs a strong push: President
New Delhi: Sharing with the students his experience in politics of India post-Independence, President Pranab Mukherjee on Monday stressed on social performance for economic growth of the country.
Sep 05, 2016, 15:27 PM IST
Indian economy to grow at 7.8% in 2016-17: Survey
India's economy is likely to expand 7.8 percent during the current financial year on the back of good monsoons, said economists polled by Ficci.
Aug 30, 2016, 19:37 PM IST
Indian economy to grow at 7.5% this fiscal: Deutsche
The Indian economy is expected to grow 7.5 percent this financial year, a tad lower than the median estimate of 7.6 percent as the economic fundamentals of the country continue to lag, says a Deutsche Bank report.
Jul 31, 2016, 12:20 PM IST
IMF flags decelerating pace of reforms in India; lists six areas for further reforms
Listing out as many as six core areas that need further reforms in India, IMF has warned that headwinds from weaknesses in the country's corporate and bank balance sheets, decelerating pace of reforms and sluggish exports may weigh on its economic growth.
Jul 24, 2016, 15:06 PM IST
7.5% economic growth failed to change people's lives: Jean Dreze
India's average economic growth rate of 7.5 percent in the last 12 years has failed to bring about any significant improvement in the quality of life of the common people, noted development economist Jean Dreze said.
Jul 24, 2016, 14:32 PM IST
Subramanian Swamy says Income Tax can be abolished in 1 week (or within 3 years) – find out how
Swamy has also called for bringing back black money stashed in tax havens abroad and nationalising those funds.
Jun 17, 2016, 12:57 PM IST
India to grow at 7.8% in FY17, led by consumption: DBS
Recovery in the Indian economy is likely to continue and the GDP growth is expected to be higher at 7.8 percent in the current fiscal, although it will be "uneven", propped largely by "strong consumption" and public expenditure, says a DBS report.
Jun 12, 2016, 12:17 PM IST
Economy moving in right direction, need private investment for faster growth: Raghuram Rajan
Stressing on the need for private investment to pick up for faster economic growth, RBI Governor Raghuram Rajan Wednesday said there is "work to do" before celebrating though the economy is moving in right direction.
Jun 08, 2016, 23:47 PM IST
Princeton economist backs Raghuram Rajan's second term at RBI
New Delhi: Backing a second term for RBI Governor Raghuram Rajan, leading Indian-American economist at Princeton University Avinash Dixit said the apex bank chief should have "full operational independence" when it comes to pursuing targets on employment, growth and inflation.
Jun 06, 2016, 13:25 PM IST
Industry lauds 7.6% GDP growth; wants more in current fiscal
After an impressive 7.6 percent GDP growth in 2015-16, industry Wednesday said the economy should expand at even a faster pace in the current fiscal on various reform measures and on expectations for a good monsoon.
May 31, 2016, 22:34 PM IST
Good news for Modi govt: FY16 GDP growth at 7.6%; India now fastest-growing economy in the world
Retaining its place as the world's fastest-growing major economy, India's economy expanded by 7.6 percent in the financial year 201-16, outpacing China once again.
May 31, 2016, 17:54 PM IST
FY18 fiscal deficit target may be set at 3-3.5% than 3%: BofA
Government's fiscal deficit target for next fiscal could be changed to a 'range' and set at 3-3.5 percent of the GDP, rather than 3 percent, says a Bank of America Merrill Lynch (BofA-ML) report.
May 20, 2016, 16:00 PM IST
India may expand by 7.7% in current fiscal: Fitch
Fitch Ratings expects India to be on the top of the global growth ladder and expanding by 7.7 percent in the current fiscal, a shade higher than the estimated 7.5 percent in the previous year due to higher disposable income and a likelihood of a normal monsoon.
Apr 11, 2016, 23:54 PM IST
India's GDP to grow at 7.7% in 2017 and 7.5% in 2016: World Bank
According to the World Bank report, the GDP growth in India will be supported by a rebound in agriculture and stimulus from civil service pay reforms.
Apr 11, 2016, 22:38 PM IST
Power reforms likely to pressure states' budgets: RBI
India`s power reforms are likely to put pressure on state governments` budgets, potentially forcing them to cut spending needed to support economic growth, the Reserve Bank of India (RBI) said in a report on Thursday.
Apr 07, 2016, 19:07 PM IST
Arun Jaitley sees FY16 GDP growth at 7.6%; hopes for better rate next year
Pegging India's GDP growth rate at 7.6 percent for the fiscal 2015-16, Finance Minister Arun Jaitley Thursday said it is "much less" than its potential and expressed hope for better numbers next year.
Mar 31, 2016, 18:53 PM IST
Adjust exchange rates to make India's trade competitive: CUTS
"Given the important role that trade can and should play in our economic growth, relevant government agencies in India need to adjust exchange rates in a manner that they make our trade more competitive, without much pressure on our inflation," it said in a statement.
Mar 22, 2016, 14:07 PM IST
Indian economy to grow 7.7% in 2016-17: ICRA
The agency, in its Macroeconomic Update, however, said that although the fresh project pipeline appears robust, commencement of work will lag announcements, given moderate capacity utilisation in some sectors.
Mar 21, 2016, 18:47 PM IST