New Delhi: India's GDP will grow at 5.6 per cent during 2014-15 and economic activity is expected to continue with this momentum in the second half of the current fiscal, Federation of Indian Chambers of
Mumbai: The country should take advantage of international oil prices, that have fallen rapidly below the $100 per barrel-mark, to deregulate diesel prices, Reserve Bank of India (RBI) Governor Raghuram Rajan said Monday.“Lower crude oil
Mumbai: As banks rush to open accounts under the Centre's Jan Dhan scheme, RBI Governor Raghuram Rajan today cautioned them on the risks involved in just hunting for numbers, asking them not to compromise on
Mumbai: Stating that it is not just food prices that are persistently high but even those of other items which remain elevated, Reserve Bank Governor Raghuram Rajan today said prices across the board have to
New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low.The inflation measured on Wholesale Price Index (WPI) was at
New Delhi: Devastating floods in Jammu and Kashmir have caused an immediate loss of Rs 5,400-5,700 crore to the state's economy, with heavy damages to trade, hotels, restaurants, horticulture and handicraft, according to initial estimates
Kabul: In the face of growing coal imports, energy-hungry India needs to develop more coal blocks and reaffirm the faith of corporate sector in government decisions to ensure continued flow of investments from private sector,
New Delhi: Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee
Mumbai: Foreign Portfolio Investors (FPIs) continued to invest in the Indian equities market in the week ended Sep 12, buoyed by prospects of further reforms and stable government policies.The FPIs bought shares worth $445.32 million
Mumbai: India's foreign exchange reserves fell by $1.32 billion to $317.31 billion for the week ended September 5, Reserve Bank of India (RBI) data showed. The reserves had grown by $60.5 million to $318.64 billion
New Delhi: An inter-ministerial meeting will discuss the suggestions made by states and union territories on developing smart cities, Union Urban Development Minister Venkaiah Naidu said Saturday.The conclave of ministers of states and union territories
New Delhi: Seeking to push infrastructure development, Prime Minister Narendra Modi asked his Ministers to electronically monitor the progress of projects and directed the Railways to submit a comprehensive plan for encouraging FDI."Prime Minister Narendra
New Delhi: Property developers are expecting a 35 per cent surge in real estate enquiries from NRIs (non-resident Indians) with Bangalore turning out to be a favourite, according to a survey by the Associated Chambers
Singapore: India is ranked 14th out of 24 countries in the Creative Productivity Index (CPI), reflecting the need for further investments in physical infrastructure and human capital, says a joint report by the Asian Development
New Delhi: While inflation abated mildly in August, data released Friday showed industrial output was flat in July pointing to the need for a rate cut by the Reserve Bank of India to spur industrial
Bhubaneswar: An investment of about Rs 1 lakh crore will be made in Odisha in the next five years in petrochemicals and oil and gas sectors including strategic oil reserves, Petroleum Minister Dharmendra Pradhan said
New Delhi: India has the potential to become a leading knowledge based economy with its youth population and growing information technology though it should overcome some barriers in this regard, Manila based funding agency Asian
Mumbai: The rupee depreciated by 9 paise to 61.02 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the American currency from importers. The dollar's
Mumbai: RBI Governor Raghuram Rajan, who had predicted the 2008 financial meltdown, has said that abrupt reversal of low interest rates globally could create substantial amounts of damage and that it should be done in
New Delhi: Global brokerage Bank of America Merrill Lynch today said the “worst is over” for India and rating agencies are likely to upgrade their outlook for the country sooner rather than later.“With Moody's downgrading
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