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  India Inc calls for RBI rate cut after GDP, factory output data

  September 02, 2015 9:15 IST

  New Delhi:  The first quarter GDP data on Monday showing the growth rate slipping to 7 percent has provoked calls from India Inc for an interest rate cut by the Reserve Bank of India."While the

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  PM to launch digital version of epic 'Ramcharitmanas'; 5 other events of the day

  India | August 31, 2015 10:11 IST

  PM to launch digital version of epic 'Ramcharitmanas'New Delhi: A special "digital" version of epic 'Ramcharitmanas' prepared by All India Radio (AIR) will be released by Prime Minister Narendra Modi todayHardik Patel to pitch reservation

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  RBI likely to keep repo rate unchanged: SBI chairman

  August 29, 2015 7:54 IST

  Mumbai:  State Bank of India chairman Arundhati Bhattacharya today said RBI is likely to keep repo rate unchanged in the September monetary policy review due to the uncertainty in the markets and a volatile rupee."Overall,

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  Government to boost growth in eastern states: Jaitley

  Politics | August 23, 2015 14:24 IST

  Kolkata: The industry in West Bengal will be given incentives as the central government hopes to usher in growth in the eastern states, Finance Minister Arun Jaitley said on Sunday."The east needs to grow... The

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  Watered down GST can still add 0.6% to GDP: HSBC

  August 12, 2015 15:09 IST

  New Delhi:  Terming GST as one of the most promising reforms on anvil, global giant HSBC today said the bill has been "watered down" but can still add a "sizeable" 60 basis points to India's

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  Government expenditures must be within means: Arun Jaitley

  August 10, 2015 10:41 IST

  New Delhi: Stressing the need for fiscal consolidation, Finance Minister Arun Jaitley today said that governments spending more than their means could lead to capital flight and loss in value of currency. Speaking at the first Indian

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  India's current account deficit likely to widen in June quarter: Report

  August 02, 2015 22:59 IST

  New Delhi: India's current account deficit (CAD) is likely to widen in the June quarter to 1.8-2.0% of GDP while for the current financial year, it is likely to remain under control, says a DBS

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  Tampering with RBI's autonomy will affect India's economic prospects: Moody's

  July 30, 2015 12:39 IST

  New Delhi:  Moody's today cautioned against tampering with the independence of the Reserve Bank of India (RBI) in deciding on interest rates, saying it would hurt India's economic prospects.Moody's Analytics, an economic research unit of

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  Better monsoon to help check food inflation; revenue collections going up: Arun Jaitley

  Politics | July 12, 2015 14:59 IST

  Mumbai: Pinning hopes on ‘rain gods' to be kinder this year, Finance Minister Arun Jaitley today said a better monsoon would help check food inflation, including in pulses.Jaitley also said that rising tax revenues and

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  Tax collection in Delhi grew at 2.64 pc in 2014-15

  India | June 25, 2015 6:44 IST

  New Delhi:  Tax collection of Delhi government registered a growth of 2.64 per cent in 2014-15 down from 10.61 per cent in 2013-14, as per the Economic Survey tabled by the government today.As per the

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  Monsoon to be normal in June, kharif sowing to pick up: IMD

  India | June 18, 2015 20:11 IST

  New Delhi:  Monsoon is expected to be normal in June boosting sowing of kharif crops but there are concerns about pick up in rainfall in the next month, a top Indian Meteorological Department (IMD) official

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  Monsoon in slowdown phase, no progress in 5 days

  India | June 18, 2015 18:02 IST

  New Delhi:  The southwest monsoon's progress has slowed down as it has not made any progress for the past five days, the weathermen today said."For the fifth consecutive day, the Northern Limit of Monsoon (NLM)

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  India has potential to take GDP to double digit: Arun Jaitley

  May 30, 2015 20:15 IST

  Bhopal: Buoyed by the country's GDP growth of 7.3 per cent in FY 2014-15, Union Finance Minister Arun Jaitley today said India has the potential to improve the economic growth to double-digit.“The country has the

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  India clocks 7.5% growth in Jan-Mar quarter, overtakes China

  May 29, 2015 22:12 IST

  New Delhi:  India has overtaken China to become the world's fastest growing economy by clocking 7.5 per cent GDP for the March quarter, prompting Finance Minister Arun Jaitley to say that the economy is clearly

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  UN raises projections for India's growth, making it the fastest-growing economy

  May 20, 2015 12:42 IST

  United Nations: The UN has now raised its projections for the Indian economy's growth this year by 1.7 percent to 7.6 percent and by 1.4 percent to 7.7 percent next year from the estimates it

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  Govt misses tax collection target by Rs 2,288 cr in FY15

  May 17, 2015 19:47 IST

  New Delhi: Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 crore in the financial year 2014-15.“Gross Tax Collections at Rs 12,45,037 crore has shown a

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  Govt contains fiscal deficit at 4%; beats its own target

  May 17, 2015 17:45 IST

  New Delhi: Bettering its own financial targets, the government has contained the fiscal deficit at 4 per cent of GDP for 2014-15 at Rs 5,01,880 crore.The revenue deficit has also been confined to 2.8 per

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  India's per capita retirement & pension assets lowest in world

  May 05, 2015 19:48 IST

  Mumbai: India's per capita retirement and pension assets as a percentage of GDP is among the lowest in the world, according to survey report by Reliance Capital Asset Management. India has 15.1 per cent of retirement

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  World Bank pegs India's GDP growth at 7.5% in 2015-16

  April 28, 2015 23:33 IST

  New Delhi: The World Bank projects India's GDP to expand to 7.5 per cent in the current fiscal on account of increased economic activity and greater stability."India's economic growth is expected to rise to 7.5

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  UAE matches of 2014 IPL garnered Rs.250 crore: BCCI

  Cricket | April 24, 2015 19:51 IST

  Mumbai: Twenty matches of the 2014 Indian Premier League (IPL), played in the United Arab Emirates (UAE) in April that year, contributed Rs.250 crore to the Gross Domestic Product (GDP) of the gulf country, a