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  Bank of England holds interest rate at 5 per cent despite US Fed rate cut | Future UK rate outlook

  Business | September 19, 2024 18:20 IST

  The Bank of England has maintained its interest rate at 5%, contrasting with the US Federal Reserve’s rate cut to 4.8%. Inflation concerns in the UK, particularly in the services sector, have driven this cautious approach.

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  ITR reforms likely in 2023, buoyant tax collections cushion government on fiscal front | DETAILS

  Business | December 25, 2022 14:30 IST

  ITR reforms news: Taxation of the digital economy, ensuring developing countries get their fair share of taxes and global coordination for taxation of cryptocurrencies would be one of the priority areas as India is all set to host the leaders of G-20 countries next year.

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  India to grow at around 7.4 pc in FY23, continue at same pace next year: FM

  Business | August 26, 2022 21:56 IST

  India fiscal growth: Sitharaman said there are risks on the external front and this is not the right time to throw caution to the wind, and also assured exporters of all the necessary support from the government as they face the headwinds.

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  World Bank slashes India's GDP growth forecast to 7.5% for FY23

  Business | June 07, 2022 21:44 IST

  In April, the World Bank had trimmed the forecast from 8.7 per cent to 8 per cent and now it is projected at 7.5 per cent. The GDP growth compares to an 8.7 per cent expansion in the previous 2021-22 fiscal.

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  RBI Governor Shaktikanta Das praises government on retro tax move, post-pandemic fiscal response

  Business | August 06, 2021 14:45 IST

  The career bureaucrat-turned-central banker also welcomed the govt's approach to the pandemic-triggered crisis as a prudent and calibrated one.

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  Second COVID wave could spark greater uncertainty, govt will respond with fiscal steps if required:

  India | April 18, 2021 12:54 IST

  While acknowledging that present situation has become far more difficult than it was in past due to rising coronavirus infections, Kumar remained hopeful that India's economy will grow 11 per cent in current fiscal ending March 31, 2022.

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  RBI lowers inflation projection to 5.20% for Q4 FY21, sees it around 5% in H1 next fiscal

  Business | February 05, 2021 12:41 IST

  The Reserve Bank has lowered the retail inflation projection for the current quarter of this fiscal at 5.2 per cent, saying it has returned within the "tolerance band".

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  India's coal import drops 19% to 117 MT during Apr-Oct this fiscal

  Business | December 06, 2020 11:28 IST

  India's coal import saw a drop of 18.6 per cent to 116.81 million tonnes (MT) during April-October this fiscal as against the same period a year ago. 

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  India very likely to announce another set of fiscal stimulus measures: Fitch

  Business | June 22, 2020 16:27 IST

  ​India is very likely to come out with another round of fiscal stimulus package, worth about 1 per cent of GDP in the coming months, Fitch Ratings said on Monday.  

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  Indian economy to contract 10% this fiscal: Former finance secretary

  Business | June 02, 2020 23:08 IST

  Former finance secretary Subhash Chandra Garg on Tuesday said the Indian economy will shrink by 10 per cent or Rs 20 lakh crore in the ongoing fiscal, the first contraction in over 40 years, due to a "faulty" COVID lockdown.

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  Credit growth may improve to 8-9pc in next fiscal: Crisil report

  Business | February 25, 2020 22:47 IST

  Increased demand for retail loans, strong growth in lending by private banks and pick-up in economic activity are likely to improve credit growth to 8-9 per cent in the next financial year, says a report.

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  India's buildings sector to expand by 6.6 per cent next year driven by fiscal support, govt policies

  Business | December 30, 2019 14:19 IST

  Fitch Solutions on Monday said it expects the country's residential and non-residential buildings sector to expand by 6.6 per cent.

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  Tata Motors to add another 100 sales outlets for passenger vehicles this fiscal

  Business | December 09, 2019 16:55 IST

  The company, which has around 860 sales outlets spread across the country, has already added up around 100 outlets in the current financial year till now

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  When will Indian economy recover? Here is what a report claims

  Business | September 26, 2019 15:33 IST

  The Indian economy is expected to start its recovery from later part of this fiscal thanks to the initiatives taken by the Reserve Bank for policy rate transmission and steps by the government to boost growth, says a report.  

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  ADB sharply cuts India's GDP growth forecast to 6.5 pc for FY20

  Business | September 26, 2019 15:00 IST

  "India's growth forecast for fiscal year 2019 (FY20) is lowered to 6.5 per cent after growth slowed markedly to 5 per cent in the first quarter, April–June," said the Asian Development Outlook (ADO) 2019 Update.

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  Amul to invest Rs 600-800 crore this fiscal on capacity expansion

  Business | May 27, 2019 12:20 IST

  The member unions of Amul plan to enhance the milk processing capacity from the current level of 350 lakh litre per day to 380-400 lakh litre per day in the next two years.

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  Fiscal deficit to be contained at 3.2 pc in FY18: FM Jaitley

  February 01, 2017 14:49 IST

  Adhering to the fiscal consolidation roadmap, Finance Minister Arun Jaitley today said the government will target to bring down the fiscal deficit to 3.2 per cent of the GDP in the fiscal 2017-18.

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  India's CAD narrows sharply to Rs 20 lakh crores on lower trade deficit

  June 16, 2016 20:51 IST

  Mumbai: India's current account deficit (CAD) narrowed sharply to USD 0.3 billion (Rs 20 lakh crores), or 0.1 per cent of GDP, in the fourth quarter of 2015-16 from USD 7.1 billion, or 1.3 per

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  India's growth at 7.6% in 2015-16 fastest in five years

  May 31, 2016 18:59 IST

  New Delhi: The Indian economy expanded by 7.6 per cent in 2015-16 to log the fastest growth among larger countries, while also outpacing China, official data showed today. This was also the fastest growth for

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  IMF cuts India's GDP growth forecast to 7.3% for 2015-16, cautions against external shocks

  March 03, 2016 8:46 IST

  Washington: The International Monetary Fund (IMF) on Tuesday trimmed its growth forecast by projecting India to grow at 7.3 per cent for the current fiscal, lower than the government's estimate of 7.6 per cent growth