New Delhi: After hitting a four-year low in the first quarter, the economy grew by a higher-than-expected 4.8 per cent in the September quarter on an uptick in agriculture and factory output, although a rise
Mumbai: The market surged on hectic broad-based buying by institutional investors amid positive sentiment over expectation of better GDP data as the NSE benchmark spurted to 84 points to close at 6,176.10. The quarterly GDP-data
Mumbai: The benchmark Sensex jumped 257 points today to its highest level in almost two weeks buoyed by heavy buying in banking, PSU and capital goods shares on hopes that second quarter GDP growth will
New Delhi: Aiming to garner higher revenue from indirect taxes, Finance Minister P Chidambaram will address industry bodies at Chennai, Delhi and Mumbai on Voluntary Compliance Encouragement Scheme 2013. VCES had been introduced with effect
Mumbai: Standard Chartered Bank today warned of a 0.2 per cent slippage in fiscal deficit at 5 per cent of India's GDP due to slower revenue growth. "Our base case is a fiscal deficit of
New Delhi: As government looks at ways to analyse huge amounts data available on corporate as well as individuals to increase tax collections by studying various parameters like spending patterns, IT companies expect strong growth
New Delhi: Close on the heels of the IMF, the World Bank on Wednesday slashed India's economic growth forecast for the current financial year to 4.7 percent from an earlier projection of 6.1 percent.“The report
Washington: Emerging economies including India may not be able to return to growth rates of 8 per cent and more under present circumstances and neither would it be advisable for them, an IMF official said.“The
NEW DELHI: Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the worst is over for the rupee and the fair value for the currency could be between 60 and 65 against the US dollar.“I
Mumbai: India's Current Account Deficit is likely to narrow during 9 months (July-March) of the current fiscal to touch a low of 1.5 per cent of GDP because of lower gold imports, higher overall exports
NEW DELHI: Planning Commission is likely to cut the annual average economic growth rate target of 8 per cent for the 12th Plan (2012-17) to around 6 to 6.5 per cent in its mid-term review
New York: Asserting that the fundamentals of the Indian economy are strong, Prime Minister Manmohan Singh has said GDP will improve in the second half of fiscal 2013—14 and that the government is commitment to
Mumbai, Jul 13 : With the new service tax regime coming into effect from July 1, the government expects to collect a revenue of Rs 1.24 trillion this fiscal, the Central Board of Excise and
Beirut, Jul 1: Syrian opposition groups on Sunday rejected a U.N.-brokered peace plan for a political transition in Syria, calling it ambiguous and a waste of time and vowing not to negotiate with President Bashar
New York, Jun 26: Americans can't seem to shake their uneasy feeling about the economy.Consumer confidence fell in June for the fourth straight month in the row as lingering worries about the economy outweighed relief
New Delhi, June 24: As government prepares to unveil some measures to revive the economy, Prime Minister Manmohan Singh says India cannot expect “outside help” on a scale which can see the country through its
Mumbai , June 9: Reserve Bank of India (RBI) Deputy Governor K. C. Chakrabarty, on Friday, sought to stave off criticism that the nine-year low GDP (gross domestic product) growth was primarily due to high
New Delhi, June 7: Finance Minister Pranab Mukherjee today said economic slowdown is a matter of concern but there is no need for panic, and reverting to high growth path is achievable as India's fundamentals
New Delhi, Feb 29: Government today decided to increase its total health expenditure to 2.5 per cent of GDP by the end of the 12th Plan, from the current 1.4 per cent.A high-level meeting chaired
New Delhi, Feb 29: India's economic growth rate slipped to 6.1 per cent in the third quarter this fiscal, lowest in more than 2 years due to poor performance of the manufacturing, mining and farm
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