New Delhi: India's persistently high inflation is weighing on its economic recovery and has constrained its sovereign rating, Moody's said.It said food inflation is much higher than the global average and is a key contributor
New Delhi: At a time when Prime Minister Narendra Modi is reaching the milestone of completing a hundred days of office, more economic indicators are pointing towards good times. On one hand, leading rating agency
New Delhi: Finance Minister Arun Jaitley on Wednesday said controlling food inflation, which has been consistently hovering around the double-digit mark, is a ‘top priority' for the government."Food inflation will be a challenge and a
New Delhi: In a relief to consumers, the Cabinet today lifted the restriction of supply of only one subsidised cooking gas LPG cylinder to a household in a month, saying consumers can avail their quota
New Delhi: Rating agency Moody's expects the GDP to grow at 5.1 per cent in the first quarter (April-June) of current fiscal, better than 4.7 per cent clocked a year ago."The Indian economy likely accelerated
New Delhi : The Employees' Provident Fund Organisation (EPFO) today decided to retain the interest rate on provident fund at 8.75 per cent for the current fiscal. The fund body is the custodian of the
Mumbai: India's largest lender, State Bank of India, has slashed home loan rate by up to 0.15 per cent on housing loan, to offer uniform interest rate on home loans. The move is likely to
New Delhi: India's securities market regulator last year saw its revenues from penalties on insider trading going up by a whopping 1,010.9 percent to Rs.20.40 crore. According to Securities and Exchange Board of India (SEBI), it
New Delhi: Global financial services major Nomura today revised upwards India's GDP growth forecast for this fiscal to 6 per cent from 5 per cent earlier amid a pick-up in private consumption, investment and export
New Delhi: Energy giants led by Reliance Industries, ONGC, BP and Cairn India unanimously demanded an immediate hike in natural gas prices, saying current sub-market price of USD 4.2 was impeding development of over a
New Delhi: In the wake of unearthing of multiple unauthorised deposit raising schemes and scams such as Saradha and PACL, RBI Deputy governor R Gandhi on Monday said the Reserve Bank is working with the
New Delhi: Prime Minister Narendra Modi has written e-mails to all bank officers, referring to his Independence Day announcement of the Pradhan Mantri Jan-Dhan Yojana – the National Mission on Financial Inclusion, with the objective
New Delhi: Finance Ministry today said it is considering bifurcation of the post of Chairman and Managing Director in public sector banks to strengthen corporate governance in the light of recent cases of corruption. “We are
New Delhi: UK Deputy Prime Minister Nick Clegg today met Finance Minister Arun Jaitley and discussed various matters of mutual interest, including the retrospective tax amendment issue. Jaitley, according to sources, explained the government's position
Kolkata: There would be huge opportunities for the corporate sector to invest once the country reached the take-off stage of economic advancement, Union finance minister Arun Jaitley on Sunday said.Jaitley said Indian economy was "coming
Kolkata: Union Finance Minister Arun Jaitley Sunday questioned West Bengal Chief Minister Mamata Banerjee's recent Singapore visit to attract investment, noting that her Trinamool Congress had opposed FDI in defence on the ground that it
New Delhi: After courting success with an array of special economic zones, Gujarat is now proposing to set up an only-for-exports hub for diamonds at Surat, possibly the first of its kind in India. “We have
Mumbai: The Reserve Bank has said about 36 per cent of the overall 4.1 per cent bad assets in the system have been created by six sectors of the economy - infrastructure, metals, textiles, chemicals,
New Delhi: Tax investigators pursuing instances of blackmoney stashed abroad by Indians have finally been able to circumvent the Swiss secrecy code by asking over 100 such account holders to submit on their own details
Jangipur (WB): President Pranab Mukherjee today said recent changes would shape India to log a higher growth trajectory.Indirectly referring to the change in government at the Centre, he said, “The changes in the recent period
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