New Delhi | May 20, 2013 10:57 (IST)
The rating agency last week warned that India needed to follow through on implementing a slew of pending economic reforms, a warning that dealt a blow to a government that had recently pitched for an upgrade.
New Delhi | May 19, 2013 19:37 (IST)
Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India (RBI) is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said.
New Delhi | May 19, 2013 18:41 (IST)
Aimed at widening revenue from indirect tax, the Finance Ministry has implemented one-time amnesty scheme for service tax defaulters to pay their due without any penalty or late payment charges.
New Delhi | May 19, 2013 17:02 (IST)
Failing to deposit services tax may now attract arrest and imprisonment for up to 7 years. With the passage of Finance Bill 2013 last week, the revenue department officials can now arrest a person for non-payment of collected service tax.
New Delhi | May 19, 2013 11:38 (IST)
Concerned over the widening difference between growth projections and actual realisations, the Planning Commission has made a case for improving the economic model to project gross domestic product (GDP).
New Delhi | May 17, 2013 21:57 (IST)
Expressing surprise over S&P's threat to downgrade India's credit rating, industry bodies on Friday termed the global agency's affirming its negative outlook on the country as unfortunate and harsh.
New Delhi | May 17, 2013 20:40 (IST)
Expressing disappointment over S&P's rating action, the government said on Friday that its fiscal policies are on the right track and there is nothing to be worried about.
May 17, 2013 17:32 (IST)
Global ratings agency Standard & Poor's has affirmed its BBB minus with a negative outlook rating on India, the lowest investment grade among the BRIC group of large emerging economies. India has one in three chance of a rating downgrade in next 12 months, S&P added.
Mumbai | May 17, 2013 16:25 (IST)
Standard & Poor's expects India to grow around 6 per cent in the current fiscal year ending March 2014, said credit analyst Takahira Ogawa.
May 17, 2013 16:20 (IST)
So how exactly does S&P or any other rating agency decide the sovereign rating? Let's try to find out the answer.
Port Louis | May 17, 2013 14:57 (IST)
The 21 players in the Mauritian banking industry comprise 7 local banks, 9 foreign owned subsidiaries, one joint venture and 4 branches of foreign banks. All the banks are licensed by the Bank of Mauritius to carry out banking business locally and internationally.
Mumbai/Kolkata | May 17, 2013 14:13 (IST)
But Saradha went bust in April, wiping out as much as $3.7 billion in deposits from mostly low-income Indians, miring West Bengal's government in scandal, and illustrating the risks faced by the millions who live outside the banking system.
New Delhi | May 17, 2013 13:57 (IST)
Planning Commission Deputy Chairman Montek Singh Ahluwalia today told NDTV that the economy is back on the growth trajectory and he sees 2013-14 as the "turnaround year" for India's economy.
Washington | May 17, 2013 13:35 (IST)
India and China are expected to be the largest investors among developing countries by 2030, with the two Asian giants accounting for 38 per cent of global gross investment, a World Bank report said today.
May 16, 2013 23:25 (IST)
The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites.
Mumbai | May 16, 2013 17:58 (IST)
In a fresh poll, seven out of 14 economists who had earlier said the Reserve Bank of India would not ease policy at a June 17 meeting now do expect a cut in the repo rate.
May 15, 2013 20:14 (IST)
The government will from June 1 roll out direct transfer of cash subsidy on cooking gas (LPG) in 20 districts as it looks to cut its subsidy outgo by up to Rs 10,000 crore annually by eliminating diversions.
May 15, 2013 17:23 (IST)
The investment bank cites lower-than-expected wholesale price inflation data on Tuesday as the reason behind its expectations of early rate cuts.
Frankfurt | May 15, 2013 16:46 (IST)
The headline wholesale inflation fell to 41-month low in April, dropping within the central bank's comfort zone of less than 5 per cent and fuelling market hopes for more monetary easing to revive sagging economic growth.
Brussels | May 15, 2013 15:22 (IST)
Falling output across the bloc, from France to Finland, meant the 17-nation economy shrank 0.2 per cent in the January to March period, the EU's statistics office Eurostat said.
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On May 17, 2013 14:33 (IST)
A stronger US dollar coupled with an easing of financial meltdown fears in Europe will limit gold's investment appeal. 
