January 31, 2015 11:31 (IST)
The US economy had its best year since 2010 last year even as the growth rate slowed in the final three months of 2014 with weak investment and surging imports along with other factors offsetting a burst in consumer spending.
January 31, 2015 11:22 (IST)
There's a good reason the US economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness.
January 30, 2015 21:04 (IST)
In the year leading up to the elections that brought Prime Minister Narendra Modi to power last May, the economy grew 6.9 per cent, not the 4.7 per cent reported earlier, chief statistician T.C.A. Anant told reporters.
January 30, 2015 18:08 (IST)
The new measurement of gross domestic product (GDP) includes under-represented and informal economic sectors as well as items such as smartphones and LED television sets.
January 30, 2015 16:56 (IST)
RBI Governor Raghuram Rajan, who is mandated to set policy independently, signalled after an unscheduled rate cut earlier this month that any further easing would depend on New Delhi's commitment to rein in spending and implement reforms.
January 30, 2015 16:52 (IST)
The deficit was 95.2 per cent during the same period a year ago.
January 29, 2015 23:53 (IST)
Risks to fiscal slippage "remain high" and the government needs to cut plan spending to check fiscal deficit at 4.1 per cent, even as the Centre moves ahead with its revenue augmenting plans such as spectrum sale and Coal India divestment, Singaporean brokerage DBS said on Thursday.
January 29, 2015 20:30 (IST)
Improvement in India's sovereign rating will depend on the government's ability to pursue farm sector reforms as they have a bearing on inflation and fiscal deficit, Moody's said on Thursday.
January 29, 2015 15:56 (IST)
The government has asked tax officials to apply the principle behind a tax ruling in favour of Vodafone Group Plc to all similar cases, a major boost to foreign firms including Royal Dutch Shell PLC.
January 28, 2015 22:22 (IST)
The government made a push on Wednesday to bolster its strained finances, offering to sell a stake in miner Coal India and more mobile phone airwaves as it aimed to deliver on a promise to trim its fiscal deficit.
January 28, 2015 18:16 (IST)
The Narendra Modi government revived its disinvestment drive on Wednesday by announcing up to 10 per cent stake sale in the state-run Coal India. This was decided at a Cabinet meet on Wednesday.
January 28, 2015 17:21 (IST)
A base year change is a regular and methodological issue not limited to India only and almost all countries revise the base year of their national accounts.
January 28, 2015 16:28 (IST)
"The conclave of Indian and American CEOs exhibited a strong confidence about India. The desire of American businesses to invest in India was great. Their queries related essentially to the ease of doing business in India," he said in his Facebook post, 'President Obama, Davos and After'.
January 27, 2015 23:01 (IST)
The Federal Reserve on Tuesday begins its first monetary policy meeting of the year to take the pulse of the US economy as it mulls an interest rate hike.
January 27, 2015 22:20 (IST)
The Reserve Bank of India has signed a memorandum of understanding (MoU) on cooperation and exchange of information with Banco Central do Brasil (BCB).
January 27, 2015 20:44 (IST)
PHD Chamber of Commerce and Industry on Tuesday asked the government to implement the General Anti Avoidance Rules (GAAR) from April 1, 2016 instead of April this year.
January 27, 2015 20:11 (IST)
India needs to put special focus on manufacturing to create thousands of jobs and accelerate economic growth to 9-10 per cent, a top government official said.
January 27, 2015 19:27 (IST)
During the 40-minute meeting between Ms Sitharaman and US Commerce Secretary Penny Pritzker, issues related to the totalisation agreement, intellectual property rights (IPRs) and visa also come up for discussion.
January 27, 2015 16:36 (IST)
Finance Minister Arun Jaitley on Tuesday said fiscal deficit targets for the current year are likely to be met and the manufacturing sector is showing signs of a turnaround.
January 27, 2015 16:27 (IST)
Standard & Poors cut Russia's sovereign credit rating to junk status on Monday, bringing it below investment grade for the first time in a decade.