Early signs of turnaround visible in some export sectors: RBI
Early signs of a turnaround are visible in some export sectors such as readymade garments, pharmaceuticals and electronics despite persistent weakness in global trade, the Reserve Bank said Tuesday.
Dec 01, 2015, 13:53 PM IST
7th Pay panel award not to upset fiscal roadmap: Rajan
RBI Governor Raghuram Rajan on Tuesday said the Seventh Pay Commission recommendations will not upset fiscal maths as additional expenditures will be offset by either surplus revenues or expenditure cuts.
Dec 01, 2015, 13:49 PM IST
RBI sees growth recovery but retains GDP projection at 7.4%
Robust second quarter GDP numbers suggest that the economy is in early stages of recovery, RBI Governor Raghuram Rajan said Tuesday, but retained his earlier growth projection for the current fiscal at 7.4 percent.
Dec 01, 2015, 13:10 PM IST
India's manufacturing growth at 25-month low in November
India`s manufacturing sector grew at its weakest pace in over two years in November as demand and output continued to soften, a business survey showed on Tuesday.
Dec 01, 2015, 10:39 AM IST
Rupee up 16 paise at 66.51 Vs USD
The rupee appreciated by another 16 paise to 66.51 against the dollar in early trade Tuesday on increased selling of the American currency by exporters and banks amid India's economic growth accelerating to 7.4 percent in the July-September quarter.
Dec 01, 2015, 09:56 AM IST
India's economic growth will soon be in double digit: Rajnath
Taking a dig at the economic policies of the previous UPA government, Union Minister Rajnath Singh on Saturday said the country's economy was revived by the Modi government and India has now become the "hot favourite" destination for foreign investors.
Nov 28, 2015, 14:03 PM IST
Antim Baazi: Q2 GDP Growth estimated at 7.3%
Q2 GDP Growth is estimated at 7.3%. Factory output might increase from 3.5% to 4.7%.
Nov 27, 2015, 18:47 PM IST
China's economic slowdown adversely affected India: Raghuram Rajan
China's pain of economic slowdown is India's pain too, RBI Governor Raghuram Rajan said contradicting government assertions that India will not be affected by deceleration of Chinese economy.
Nov 21, 2015, 13:05 PM IST
Committed to provide transparent, predictable tax regime: PM Narendra Modi
"Reform is not an end in itself. Reform for me is just a way station on the long journey to the destination. The destination is the transformation of India," PM Narendra Modi said.
Nov 21, 2015, 10:50 AM IST
India has potential to recharge Asian growth engine: US
India has "enormous potential" to recharge the Asian growth engine as the country remains unintegrated into global production sharing and is relatively at an early stage of its development trajectory, a top US-based economist has said.
Nov 21, 2015, 05:09 AM IST
Arun Jaitley vows corruption-free governance, reasonable tax rates
Seeking investments to boost growth, Finance Minister Arun Jaitley on Thursday vowed a corruption-free governance, reasonable tax rates and non-discretionary allotment of natural resources to make it easier for companies to do business in India.
Nov 19, 2015, 16:11 PM IST
Indian economy moving ahead despite global headwinds: FM Jaitley
FM Jaitley said that an interesting change is taking place in India with the expansion of aspirational class.
Nov 17, 2015, 13:36 PM IST
Low oil prices have created favourable environment for Indian economy: FM Jaitley
FM Arun Jaitley said that low oil prices also enabled the government to rationalise subsidies.
Nov 17, 2015, 09:02 AM IST
Easier FDI norms to boost economic growth, employment: Nirmala Sitharaman
Liberalisation of the foreign investment policy in over a dozen sectors will boost economic growth and create more jobs in the country, Commerce and Industry Minister Nirmala Sitharaman said Friday.
Nov 13, 2015, 19:41 PM IST
IMF supports India's current economic reforms
The International Monetary Fund (IMF) has said it broadly supports the direction of India's economic reforms undertaken by the government led by Prime MInister Narendra Modi.
Nov 13, 2015, 18:08 PM IST
Inflation rises for third straight month in October to 5%
Rising prices for some food and firm demand during the festival season pushed up India's retail inflation in October for the third straight month to 5 percent, making it less likely the central bank will cut interest rates at its policy review next month.
Nov 12, 2015, 18:02 PM IST
Industrial production growth slows to four-month low of 3.6% in September
Industrial output, measured in terms of the Index of Industrial Production (IIP), was at 4 percent in the April-September period against 2.9 percent in the year-ago period, the data released by the Central Statistics Office (CSO) Thursday showed.
Nov 12, 2015, 17:50 PM IST
India can be next global growth powerhouse; barriers remain: Report
India is the only country that has the potential to change the world in the 2020s in the way that China changed it in the 2000s, EIU's Chief Economist Simon Baptist said.
Nov 12, 2015, 13:30 PM IST
PM Modi's big-ticket reforms: Govt eases FDI norms in 15 sectors
PM Modi asserted that the country is "unstoppable" on the path of economic progress and the government wanted the world to see the tremendous opportunities India offers.
Nov 11, 2015, 18:05 PM IST
This Diwali to Next Diwali: 20-25% Growth Expected in Nifty Index
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Nov 11, 2015, 16:16 PM IST
