Thomson Reuters | Last Updated: July 26, 2016 18:41 (IST)
The Reserve Bank of India's outgoing governor, Raghuram Rajan, on Tuesday staunchly defended his record in curbing inflation and cleaning up bad debt at banks, and he called on the government to protect the central bank's independence.
Press Trust of India | Last Updated: July 26, 2016 18:13 (IST)
Many middle-class people are inadequately prepared for their financial future, especially since certain tax norms seem to adversely impact their quantum of savings, says a survey by News Corp-owned BigDecisions.com.
Thomson Reuters | Last Updated: July 26, 2016 16:26 (IST)
India should avoid fixating on an inflation target given the need to ensure economic growth and financial stability, former central bank governor Duvvuri Subbarao warned on Tuesday.
Agencies | Last Updated: July 26, 2016 16:20 (IST)
The government has scaled back the urgency of its search for a new governor for the Reserve Bank of India, unnamed sources said to news agency Reuters, which reports that a replacement to Raghuram Rajan is now likely to be named only after he chairs his final policy meeting next month.
Press Trust of India | Last Updated: July 26, 2016 13:59 (IST)
Moving to a GST regime will be beneficial for the Indian economy on multiple counts, and though its impact on growth will be negative in the short-run, it is expected to be positive in the long-run, says a report.
Press Trust of India | Last Updated: July 26, 2016 12:49 (IST)
Government has notified revised pay grades for the implementation of the 7th Pay Commission recommendations, giving government employees 2.57 times hike in basic pay.
Press Trust of India | Last Updated: July 26, 2016 11:31 (IST)
Promising confidentiality on black money disclosures, government on Monday said it is willing to walk the extra mile to address any concerns and incorporate "positive suggestions" on the one-time compliance window provided to undeclared wealth holders to come clean.
Press Trust of India | Last Updated: July 25, 2016 22:27 (IST)
Prodding India to continue on the reform path, Nobel laureate and noted economist Lars Peter Hansen on Monday said the prime focus of the Reserve Bank of India should be on inflation management and it should not be expected to fix the nation's macroeconomic challenges.
Press Trust of India | Last Updated: July 25, 2016 22:12 (IST)
The government is working overtime to build a consensus on the long-pending Goods and Services Tax (GST) Bill with the hope of getting it passed during the ongoing Parliament session, Minister of State for Finance Arjun Ram Meghwal said on Monday.
Press Trust of India | Last Updated: July 25, 2016 20:31 (IST)
Growth of job creation decelerated significantly in 2015 as some key sectors such as automobiles and gems and jewellery saw layoff of workers, Parliament was informed on Monday.
Press Trust of India | Last Updated: July 25, 2016 20:14 (IST)
The government is likely to notify this week inflation target for next five years under the monetary policy framework agreement, a top official said on Monday.
Press Trust of India | Last Updated: July 25, 2016 18:55 (IST)
Minimum wages are likely to be revised in the near future, Labour Minister Bandaru Dattatreya indicated on Monday, saying an upward revision would help the labour force cope with the changes in cost of living.
Press Trust of India | Last Updated: July 25, 2016 17:54 (IST)
The government today said revenue of around Rs 2,237 crore has already been generated till May-end from the allocation of 74 coal mines.
Last Updated: July 25, 2016 15:20 (IST)
The Minister said government was planning to implement the Direct Benefit Transfer scheme in kerosene after its successful implementation in LPG.
Press Trust of India | Last Updated: July 25, 2016 14:59 (IST)
The Reserve Bank of India is expected to cut key interest rate by 25 basis points at its policy review meet next month if prices of pulses fall and help push down agflation or agricultural inflation, a BofA-ML report said on Monday, even as it sees overall retail inflation in July to touch 6 per cent.
Sandrine Rastello, Bloomberg | Last Updated: July 25, 2016 10:41 (IST)
On a campus in southern India, Kiran Sharma and his team of biologists are perfecting a recipe that may solve the nation's inflation woes.
Press Trust of India | Last Updated: July 24, 2016 19:47 (IST)
Britain's new foreign secretary Boris Johnson has told the Parliament that India is on a long list of foreign missions who owe the country millions of pounds in unpaid bills.
Press Trust of India | Last Updated: July 24, 2016 18:35 (IST)
Government has started the search process for the chairperson and three whole-time members of the Insolvency and Bankruptcy Board as it moves towards the implementation of a new law to make debt recovery process more effective.
Press Trust of India | Last Updated: July 24, 2016 15:28 (IST)
Listing out as many as six core areas that need further reforms in India, IMF has warned that headwinds from weaknesses in the country's corporate and bank balance sheets, decelerating pace of reforms and sluggish exports may weigh on its economic growth.