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  News in Nutshell: Important stories of the day

  India | May 31, 2016 20:10 IST

  Important stories of the day

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  GDP growth beats estimates, grows 7.9 per cent in quarter ending March 2016

  May 31, 2016 19:46 IST

  India’s Gross Domestic Product (GDP) grew by 7.9 per cent in the quarter ending March 2016, up from the 7.2 per cent clocked during the quarter ending December 2015.

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  India doubles share in global GDP to 2.86 percent

  April 23, 2016 17:55 IST

  New Delhi: India doubled its share in world GDP from 1.43 percent in 2000 to 2.86 percent in 2015, industry body PHD Chamber said on Saturday. "India's GDP stood at $477 billion in 2000

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  RBI to cut rates by 25 bps on Apr 5, 50 bps in FY17: BofA-ML

  March 22, 2016 19:44 IST

  RBI to cut rates by 25 bps on Apr 5, 50 bps in FY17: BofA-ML

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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

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  India beats China on GDP growth in '15; may grow 7-7.5% in 2016

  December 31, 2015 17:09 IST

  New Delhi: Hailed as "the bright spot" in a gloomier global economy, India outpaced China as the world's fastest growing economy in 2015 and is expected to clock 7-7.5 per cent growth in the New

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  Time to look beyond 'manufacturing' sector for job creation: Bibek Debroy, NITI Aayog member

  December 30, 2015 12:18 IST

  New Delhi: Noted economist and NITI Aayog member Bibek Debroy believes that it's not realistic to look at narrow ‘manufacturing' sector for creating large number of jobs for youths of the country.In an exclusive interview

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  Indian economy may see slow, but sustainable recovery: Morgan Stanley

  December 22, 2015 23:52 IST

  New Delhi: The Indian economy is likely to witness a "slow but sustainable" recovery and is expected to clock a GDP growth of 7.5 per cent this fiscal, a Morgan Stanley report says.According to the

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  Indian economy can still grow 8% this fiscal: NITI Aayog VC

  December 04, 2015 23:48 IST

  New Delhi: Expecting an upward revision of the first quarter GDP numbers, NITI Aayog Vice Chairman Arvind Panagariya today said the Indian economy can still manage an 8 per cent growth rate this fiscal. "I have

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  Moody's ups Indian banking sector outlook to stable

  November 02, 2015 21:39 IST

  Mumbai: Moody's Investors Service today upgraded its outlook for the country's banking system to 'stable' from 'negative' on the expectation of reduction in pace of accretion of bad loans over the next few years helped

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  Government to reassess GDP forecast for this fiscal: Arun Jaitley

  September 29, 2015 20:26 IST

  New Delhi: With RBI lowering the growth forecast to 7.4 per cent for the current fiscal, Finance Minister Arun Jaitley today said the government willreassess its GDP projections."It is not necessary for us to make

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  Chances bright for respectable GDP growth this year: Arun Jaitley

  National | September 05, 2015 23:59 IST

  Ankara: The chances of India posting a respectable GDP growth this year are bright, finance minister Arun Jaitley said on Saturday terming as "transient" the headwinds from global factors like Chinese devaluation and uncertainty over

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  Indirect tax collections grow 37.5% in April-June

  July 11, 2015 22:29 IST

  New Delhi:  Indirect tax revenues grew 37.5 per cent to nearly Rs 1.54 lakh crore in the first quarter of the current fiscal, powered by a robust show in excise collections.Indirect tax collections in April-June

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  Base metal industry to grow 8-10% annually: Moody's

  July 07, 2015 19:03 IST

  Mumbai:  Indian base metals industry is expected to grow by 8-10 per cent annually over the next three years on the back of increased demand from power, construction and automotive sectors, rating agency Moody's said

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  GDP growth to be much better in 2015-16: Arun Jaitley

  December 29, 2014 16:12 IST

  New Delhi: India's economic growth is expected to pick up in the current fiscal and will be "much better" in 2015-16, finance minister Arun Jaitley said on Monday."The last two years witnessed an economic slowdown.

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  Budget to unveil second generation reforms, says Finance Minister

  November 23, 2014 13:19 IST

  New Delhi: A whole set of second generation reforms will be unveiled in the next Union Budget, Finance Minister Arun Jaitely said on Sunday promising a lot of exciting time ahead.The country needs a larger

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  Exceptionally good conditions in place for 10% growth: Parekh

  November 08, 2014 12:42 IST

  Mumbai: Bullish over robust fundamentals and improving macroeconomic conditions, industry leader Deepak Parekh today said India currently has "exceptionally good conditions" in place to aspire for 10 per cent economic growth but much needs to

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  India GDP growth to be subdued at 5.2 per cent in Q2: D&B

  October 17, 2014 16:29 IST

  New Delhi: India's economic growth rate for the second quarter of the current financial year is likely to be "subdued" at 5.2 per cent and a revival can be expected only from the last quarter

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  Credit for 5.7% GDP growth should go to UPA government, says P Chidambaram

  National | August 30, 2014 15:21 IST

  New Delhi: Taking credit for the uptick in domestic economy, former Finance Minister P Chidambaram today said the 5.7% growth in the first quarter vindicates UPA government's projection that revival would take place in the

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  RBI may hike rate in future: Analysts

  December 18, 2013 21:49 IST

  Mumbai: Terming the RBI action today as a “pleasant surprise”, analysts today cautioned that possibility of a rate hike in the future cannot be ruled out.  Urijit Patel committee's report on monetary policy would clear