Economy News

India to grow at slower pace in next two years, global growth to decline, says IMF

A decline in the global economy due to heightened tensions between US-China despite trade truce has also threatened global technology supply chains.

Jul 24, 2019

Reserving 75% jobs for locals will only hamper economic growth of Andhra Pradesh

Jagan Mohan Reddy government's proposed law to enforce 75 percent private sector job quota for locals may not help job creation as it could affect the ease of doing business.

Jul 23, 2019

FPI divests Rs 7,712 crore from Indian equity market, shows disinterest after Budget 2019-20

Some of the other reasons for the investment lags are related to the international tension between US-Iran which is creating global disruption in liquidity flow.

Jul 21, 2019

Here's why export-led growth is required for a new India

The Economic Survey 2019 has rightly identified that no country had ever grown fast without buoyant exports.

Jul 18, 2019

Here is why RSS economic wing is opposing PM Modi's plan for foreign currency bonds

RSS economic wing Swadeshi Jagran Manch views Prime Minister Narendra Modi's plan to issue foreign currency bonds as 'anti-patriotic' as it will allow rich foreign nations to control India's policies.

Jul 17, 2019

India issuing foreign currency bonds is anti-patriotic says RSS

RSS claims the government's plan to raise money by selling foreign currency bonds is anti-patriotic.

Jul 17, 2019

India's imports decline to a 4 month low, indicates weakening consumption

India's imports declined to their lowest level in four months in June, down 9 per cent from a year ago, indicating weakening consumption in Asia's third-largest economy.

Jul 16, 2019

Nirmala Sitharaman's Budget rides high as subsidies cut by 50% in last 5 years

The government closed down about 4.03 crore duplicate, fake and inactive connections excluding the elimination of about 1.03 crore beneficiaries of the Pradhan Mantri Ujjwala Yojana above the poverty line.

Jul 15, 2019

Chinese economic growth tanks to weakest in 27 years

The economy grew 6.2 percent in the second quarter from a year earlier, slower than 6.4 percent in the first quarter.

Jul 15, 2019

Big relief for pensioners as PF to get priority in repayment from IL&FS, rules NCLAT

The Uday Kotak-led new board has allowed companies classified under the green category to service their loan to all secured and unsecured creditors.

Jul 14, 2019

India's retail inflation hits 8-month high in June

A Reuters poll had predicted a retail inflation rate of 3.20% for June.

Jul 13, 2019

India aims to raise $47 billion from stake sales in state firms over 5 years

The plan will open up a steady stream of state companies to greater private investment, and target the kind of annual divestment revenue that will be crucial to meet fiscal deficit targets.

Jul 13, 2019

Adani mulls building Rs 700 bln data park to serve the likes of Google and Amazon

A new law proposed by the Indian government requires giant tech companies to store data locally.

Jul 12, 2019

Samsung to invest in 100 start-ups in big India push

The Samsung Venture Investment Corporation (SVIC) has already invested about $8.5 million in the four companies.

Jul 12, 2019

More trouble for PayU as India MD & Co-founder Shailaz Nag quits

Shailaz Nag is quitting PayU to look for more opportunities in the payments space.

Jul 12, 2019