November 26, 2014 11:21 (IST)
Reserve Bank Governor Raghuram Rajan has come down heavily on large defaulters for continuously eroding the "sanctity of the debt contract" in the country. When the large promoter defaults willfully or does not cooperate in repayment to the public sector bank, he robs each one of us taxpayers, even while making it costlier to fund the new investment our economy needs, Dr Rajan said at the Dr Verghese Kurien Lecture in Anand on Tuesday.
November 25, 2014 23:40 (IST)
Many issues related to the inverted duty structure, which has adversely impacted domestic manufacturing, may be addressed in the coming budget, a senior government official said on Tuesday.
November 25, 2014 21:35 (IST)
The Indian economy may have slowed to 5 per cent in the July-September quarter due to a low kharif harvest, a slowdown in exports and muted government spending, ratings agency Icra said in a report on Tuesday.
November 25, 2014 19:21 (IST)
While the two sides reported no breakthroughs at the Trade Policy Forum, they did set out a work schedule to follow up on talks that focused on agriculture, services, manufacturing and intellectual property rights, a joint statement said.
November 25, 2014 19:16 (IST)
Stating that the exact amount of black money stashed away in overseas tax havens is unknown, Reserve Bank of India Governor Raghuram Rajan on Tuesday said lower income tax rates will help curb generation of such illicit funds.
November 25, 2014 17:33 (IST)
US economic growth was far stronger than initially thought in the third quarter, pointing to strengthening fundamentals that should support the economy for the rest of the year.
November 25, 2014 16:57 (IST)
India can become a $5 trillion economy in the next 10 years if it grows at an average 7-8 per cent, Minister of State for Finance Jayant Sinha said on Tuesday.
November 25, 2014 14:28 (IST)
The sources said Finance Minister Arun Jaitley would argue forcefully for Reserve Bank of India (RBI) Governor Raghuram Rajan to lower interest rates when the two meet ahead of a decision on rates next Tuesday.
November 25, 2014 13:08 (IST)
Official GDP data for the second quarter of the current fiscal year ending March are due to for release this Friday.
November 25, 2014 11:41 (IST)
The global financial services major is also optimistic about "productivity-enhancing reforms" in the country and estimated the GDP growth for 2015 at 6.4 per cent.
November 24, 2014 23:04 (IST)
India has the potential to achieve 9 per cent growth rate and become a $10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive role played by the government, a PwC report said.
November 24, 2014 22:27 (IST)
The second quarter GDP number is likely to be announced later this week. The economy grew at 5.7 per cent in the first quarter.
Written By: Ramarko Sengupta | November 24, 2014 19:34 (IST)
The health burden of obesity constrains economic productivity and can increase business costs.
November 24, 2014 17:13 (IST)
India is targeting up to $1 billion of private investment by 2017 to build rail lines linking ports and national networks to ease growing congestion, which has delayed coal imports for power plants and contributed to a power supply crisis.
November 24, 2014 10:16 (IST)
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".
November 23, 2014 16:53 (IST)
Falling for the second month in a row, foreign direct investment (FDI) coming to India declined about 16 per cent to $2.45 billion in September.
November 23, 2014 16:34 (IST)
India's manufacturing sector is likely to see moderate growth in the third quarter of the ongoing fiscal year, according to a survey by industry body Ficci.
November 23, 2014 16:33 (IST)
Finance Minister Arun Jaitley on Sunday pitched for an interest rate cut, expressing confidence that the Reserve Bank of India (RBI) will move in the direction of making the cost of capital reasonable to help perk up economy.
November 23, 2014 15:29 (IST)
A reduction of the scope of subsidies currently being provided to well-off people appears to be on the anvil with Finance Minister Arun Jaitley questioning the justification of "unquantified" subsidy amounts to "unidentifiable" sections.
November 23, 2014 15:07 (IST)
Assessing the performance of the Narendra Modi government at the Centre in the first six months, India Inc said the new dispensation has initiated fundamental reforms that have set stage for revival of economic growth.