Tag: Indian Economy

New Delhi: India’s bankrupt companies offer a never-before opportunity to the global investors to ride the country’s exceptional growth trajectory, thanks to the Insolvency and Bankruptcy Code (IBC), Finance Minister Arun Jaitley said. “Given the future potential of the Indian economy and the fair process followed under the Code, it is a great opportunity for […]

Buenos Aires: Prime Minister Narendra Modi stressed on cooperation among G20 countries on issues related to global economy, trade tensions, crude oil prices and terrorism and fugitive economic offenders, India’s G20 sherpa has said. Addressing the media here, Shaktikanta Das on Saturday said the current challenges being faced by the global economy, especially emerging economy […]

New Delhi: The Congress on Tuesday accused the Narendra Modi government of playing with India’s economic sovereignty by trying to demolish the Reserve Bank of India (RBI) and seeking transfer of Rs 3.6 lakh crore or one-third of the central bank’s reserves. The Congress said if the “unprecedented” demand by the Modi government was allowed […]

New Delhi: Asserting the importance of banking as Indian economy gets more formalised, Finance Minister Arun Jaitley on Saturday said the regulator and the government need to be on their toes for quick action without exaggerating the emerging challenges. “When challenges come, we have a tendency to exaggerate them at times but then the banks, […]

New Delhi: Prime Minister Narendra Modi on Sunday said the Indian economy grew at a healthy 7.7 per cent in the fourth quarter of 2017-18 and the challenge now is to turn this to “double digits”. “The challenge now is to take this growth rate to double digits, for which many more important steps have to […]

New Delhi: NITI Aayog Member Ramesh Chand on Friday said while every sector of the Indian economy had undergone some sort of transformation in the last 25 years, the agriculture sector was largely ignored. “In last 25 years, particularly since the beginning of economic reforms in 1991, we have seen some sort of transformation in […]

New Delhi:  A high-level meeting chaired by Finance Minister Arun Jaitley got underway here on Tuesday evening to review the economic situation and discuss measures, including a possible stimulus package, to be taken amidst an economic slowdown. The meeting is being attended by, among others, Railway Minister Piyush Goyal, Commerce Minister Suresh Prabhu, Chief Economic […]

Noida: The government is aiming at a $1 trillion digital economy by 2020 and Samsung India will spearhead this movement, Information and Technology Minister Ravi Shankar Prasad said on Wednesday as the South Korean giant announced Rs 4,915 crore investment in expanding its Noida manufacturing plant. The expansion of the plant on a 35-acre land adjacent […]

New Delhi: The Indian economy is poised to experience improvement in overall conditions during the ongoing first quarter owing to better external financial linkages, and growth in both funds available as well as domestic economic activity, industry chamber CII said on Sunday citing its survey. “The CII-IBA Financial Conditions Index at 56.9 for Q1 (April-June) […]

New Delhi: The Indian economy grew at 15-quarter high of 8.2 per cent in the April-June quarter of current fiscal on good show by manufacturing and farm sectors, according to the government data released today. The growth cemented India’s position as the fastest growing major economy, clocking higher expansion rate than China’s 6.7 in the […]

Washington: India is a source of growth for the global economy for the next few decades and it could be what China was for the world economy, the IMF said today, as it suggested the country to take steps towards more structural reforms. “India now contributes, in purchasing power parity measures, 15 per cent of […]

Utterances by politicians – and economists – on the second ‘death anniversary’ of the Rs. 1000 note have been on predictable lines. Depending on which side of the political divide they are, these wise heads have either been heaping praise on the Modi government for this ‘bold’ move that allegedly marked a ‘turning point’ in […]

The preparations at the government level begin months before. But the obsession in the media sets in just about a fortnight ahead of D Day (‘B Day’ would be more appropriate though). Edit pages of newspapers – and not just of the ‘Pink’ variety – are full of articles by ‘experts’ pontificating on what the […]

The rate of price rise in the vegetables basket was (-) 14.18 per cent on an annual basis, sugar and confectionery (-) 5.99 per cent and cereals (-) 2.96 per cent.

Mumbai: RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals and COVID-related health infrastructure…