Tag: Economy

Mumbai: Aiming to retain their psychologically- significant levels, key Indian equity indices will seek direction from the movement of the rupee, influx of foreign funds and global macro-economic data during the trade week starting March 20. “With no major domestic triggers or events in the coming week, investors should continue to keep an eye on global […]

New Delhi: Industry body CII today said it expects a recovery in India’s economy in the second half of this financial year. The chamber said that lowering interest rates by 100 basis points could inject a huge growth impulse. In a statement, the Confederation of Indian Industry pointed out that in many sectors, including automobiles, […]

Shanghai: The mobile industry in Asia Pacific contributes more than $1 trillion per year to the region’s economy, fuelled by rising mobile broadband and smartphone penetration, a new report by Groupe Speciale Mobile Association (GSMA) said. GSMA is an association of mobile operators and related companies devoted to supporting the standardising, deployment and promotion of […]

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Friday said the state would perform well on economic front despite the Centre’s “faulty” policies. “During the first two years of the 12th Plan faulty policies of the Centre and general economic slow down have affected growth, but we hope to do better in the coming years,” Patnaik […]

Washington: India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, said Union Finance Minister Nirmala Sitharaman. The International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country’s economy is “still growing as the fastest”, she told a group of […]

Mumbai: Invoking the famed ‘Sholay’ dialogue, “itna sannata kyun hai bhai”, the ruling ally Shiv Sena on Monday made a resounding critique on the economic slump which it said “is evident in the subdued Diwali celebrations this year”. Strategically ahead of the tough negotiations for forming the next government in Maharashtra, the Sena launched a […]

New Delhi: Noting that the economy has gone through ups and downs in the past too, Prime Minister Narendra Modi on Friday cited macroeconomic data from previous governments to suggest that the economy would bounce back again with much vigour and strength. Speaking at the centenary event of industry chamber Assocham, Modi said that GDP […]

New Delhi: Fears of an economic crisis in India are likely to decrease and the country may recover from decelerating growth in 2020, a new report said on Tuesday. According to US-based private equity firm Blackstone, this year the Modi government is likely to continue business-friendly growth reforms, and the Indian economy is likely to […]

New Delhi: Banks are ensuring that their branches remain open and ATMs (automated teller machines) functional with adequate cash amid the nationwide lockdown, according to the Union Finance Minister, here on Monday. Taking to Twitter, Finance Minister Nirmala Sitharaman also said banking correspondents were active. “All banks are ensuring that their branches are kept open, […]

New Delhi: The Reserve Bank of India has announced new measures to ease the compliance burden on sectors of the Indian economy most affected by the coronavirus scare. Accordingly, it has extended realisation period of export proceeds to give more time to exporters to comply with regulations. Presently, the value of goods or software exports […]

New Delhi: India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash in the hands of people would be the best way to boost the economy post lockdown. Banerjee, while talking to Congress leader Rahul Gandhi through video-conferencing, suggested giving money […]

Beijing: China’s economy grew a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base…

New Delhi: Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the meeting of the Financial Stability and Development Council (FSDC), in view of disruptions caused by the COVID-19 pandemic. This was the first meeting of the FSDC, which comprises RBI Governor and other financial sector regulators, since the coronavirus outbreak. […]

New Delhi: India will emerge stronger from multiple crises of economy, pandemic and super cyclone in the next 6-9 months, say industry leaders, based on the resilience shown by people, businesses and the government. The telecom and information technology will be key to survival and revival of lives and economy, said the business leaders as […]

Bhubaneswar: In order to revive the economy hit by Covid-19 pandemic, the State Planning Board has directed officials of different departments to submit revival proposals within a week. The apex planning body of the State government held a meeting at the Lok Seva Bhawan on Tuesday which was chaired by its deputy chairman Sanjay Das […]