December 18, 2014 20:37 (IST)
Going forward into 2015, the country will be among a select few economies which will witness rising growth and falling inflation, Joshi added.
Reported By: Rahul Shrivastava | December 18, 2014 18:11 (IST)
The proposal will then have to be cleared by at least half of the country's 29 state legislatures before it becomes a law.
December 18, 2014 16:48 (IST)
The latest policy statement has clearly given indication if the price behaviour is along the trajectory envisage...I expect probably changes will come in the early part of next year. It could be any time.
December 18, 2014 15:09 (IST)
The PM has faced criticism in recent weeks that his ambition to spur investment and re-energise the economy has yet to be realised, more than six months after he won elections with the strongest mandate in three decades.
December 17, 2014 20:32 (IST)
The Cabinet on Wednesday approved the Constitution Amendment Bill on Goods and Services Tax (GST), clearing the way for its introduction in ongoing session of Parliament to bring about long-pending indirect tax reforms.
December 17, 2014 17:07 (IST)
The Cabinet on Wednesday cleared the Constitutional Amendment Bill on Goods and Services Tax or GST, paving the way for tabling of the new legislation in the current session of Parliament.
December 17, 2014 15:24 (IST)
The global financial services major revised its current account deficit forecast upwards to 1.6 per cent of GDP in FY15 (year ending March 2015) from its previous forecast of 1.3 per cent.
December 17, 2014 12:41 (IST)
The Asian Development Bank (ADB) slightly trimmed its growth forecast for developing Asia for this year and next, but said sliding prices for oil should help economies in the region push through with growth reforms.
December 17, 2014 09:17 (IST)
The Thomson Reuters/INSEAD Asian Business Sentiment Index increased to 72 in the fourth quarter from 66 in the previous three months. The result was only slightly below the 74 reading of the second quarter which was the highest since early 2012. A reading above 50 indicates an overall positive outlook.
December 16, 2014 23:56 (IST)
Finance Minister Arun Jaitley will hold pre-Budget consultations with different stakeholders including trade unions, financial institutions and economists beginning January 6.
December 16, 2014 19:06 (IST)
With states on board, the Cabinet is now likely to approve the Constitutional Amendment Bill on Goods and Services Tax or GST on Wednesday, paving the way for tabling of the new legislation in the current session of Parliament.
December 16, 2014 17:09 (IST)
The minister also said that the government and the regulators "maintain constant vigil in the market and have put in place practices to promote a safe, transparent and efficient market".
December 16, 2014 16:18 (IST)
India to Weigh Gold Policy Impact After Spurt in November Imports
December 16, 2014 13:39 (IST)
Data on Monday had showed gold imports, by value, had jumped 34 per cent in November to $5.61 billion from October, sending India's trade deficit to a 18 month high.
December 16, 2014 08:06 (IST)
Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing.
December 15, 2014 23:45 (IST)
With concerns on inflation ebbing and industrial production contracting in October, Bank of America-Merrill Lynch (BofA-ML) on Monday said it expects the Reserve Bank of India (RBI) to reduce key policy rates by 0.25 per cent in February and 0.75 per cent in whole of 2015.
December 15, 2014 23:37 (IST)
The Reserve Bank of India (RBI) is likely to cut policy rates by 50 basis points, or 0.5 per cent, starting from the second quarter of 2015, as base effects for industrial production and inflation normalise over the coming months, according to a report by global financial services major HSBC.
December 15, 2014 19:51 (IST)
Petrol and diesel prices were on Monday slashed by Rs 2 per litre each as international oil prices slumped to a five-year low.
December 15, 2014 19:36 (IST)
Finance Minister Arun Jaitley said on Monday that India has the potential to grow at a higher rate even at a time when the world economy is going through a critical phase.
December 15, 2014 19:20 (IST)
In a last minute compromise deal, the Centre on Monday night decided to keep petroleum out of Goods and Services Tax (GST) in return for states agreeing to entry tax being subsumed in the new tax regime proposed from April 2016.