Economy News

YSRCP, Congress oppose Andhra Bank's merger

YSRCP MP Vallabhaneni Balashowry strongly opposed the merger announced on Friday and wrote a letter to Prime Minister Narendra Modi in this regard.

Sep 1, 2019

Q1 GDP growth at 5 percent, lowest in 6 years

A culmination of factors such as high GST rates, natural calamities, subdued farm produce prices, stagnant income levels and low job generation has led to the slowdown.

Aug 31, 2019

Govt unveils mega bank merger; India to now have 12 public sector banks

The FM's press meeting took place amid growing concerns over the on-going economic slowdown in the country.

Aug 30, 2019

RBI annual report calls economic situation grim in FY20

The central bank in its review said that external demand operated as a drag for the second successive year.

Aug 30, 2019

After Moody's, Fitch turns bearish on Indian economy, slashes GDP projection to six-year low

Calling FM Nirmala Sitharaman's stimulus package for the automobile sector "too little, too late" to prevent a further drop in vehicle sales, Fitch Solutions Macro Research said the measures are only going to support the sector in the medium term.

Aug 29, 2019

Big FDI reforms: From coal mining to digital media

The existing FDI policy provides for 100 per cent FDI under automatic route in the manufacturing sector but there was no specific provision for contractual manufacturing.

Aug 29, 2019

Treating GDP as the sole measure of nation's growth is a fallacy

Governments should look at the growth of GDP per capita on a PPP basis and should take measures to maximize the same.

Aug 28, 2019

Cabinet to relax FDI in retail and digital media, may scrap FPI surcharge

The liberal FDI regime is expected to attract foreign players to invest in the country which is facing a slowdown.

Aug 28, 2019

India bonds at three-week high, rupee gains after RBI payout to government

Finance Minister Nirmala Sitharaman proposed on Friday a series of measures to help the economy and financial markets although some economists said there was a need for an additional stimulus package.

Aug 27, 2019

RBI payout gives Centre space to spend more: Experts

The Central Board of the Reserve Bank of India (RBI) on Monday decided to transfer a sum of Rs 1,76,051 crore to the government.

Aug 27, 2019

Trump welcomes China's move to restart talks amid worsening trade war

China's Renminbi weakened to a new 11-year low on Monday and stock markets in the Asia Pacific region tumbled sharply after trade tensions that worsened over the weekend.

Aug 26, 2019

Centre responsive to slowdown, but more steps needed: Report

On the measures announced to boost auto sales, the report noted that the auto sector may benefit marginally.

Aug 25, 2019

Nirmala Sitharaman rolls back tax hike on foreign, domestic equity investors; outlines steps to boost sentiment

The government also outlined a raft of measures including some for the crisis-hit autos sector, small businesses, and the troubled shadow banking sector to calm nerves of investors and lift consumer sentiment ahead of the Indian festive season that begins next month.

Aug 24, 2019

Trump raises 30% tax on Chinese goods worth $250 billion as trade war worsens

US President Donald Trump's move came hours after China unveiled retaliatory tariffs on $75 billion worth of US goods.

Aug 24, 2019

J&K administration asks Rahul Gandhi to stay away from Srinagar

Saturday's visit to Srinagar will be Rahul Gandhi's first visit since the abrogation of Article 370 and bifurcation of the state into Union Territories of Jammu and Kashmir and Ladakh.

Aug 24, 2019

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Economy News

YSRCP, Congress oppose Andhra Bank's merger

Q1 GDP growth at 5 percent, lowest in 6 years

Govt unveils mega bank merger; India to now have 12 public sector banks

RBI annual report calls economic situation grim in FY20

After Moody's, Fitch turns bearish on Indian economy, slashes GDP projection to six-year low

Big FDI reforms: From coal mining to digital media

Treating GDP as the sole measure of nation's growth is a fallacy

Cabinet to relax FDI in retail and digital media, may scrap FPI surcharge

India bonds at three-week high, rupee gains after RBI payout to government

RBI payout gives Centre space to spend more: Experts

Trump welcomes China's move to restart talks amid worsening trade war

Centre responsive to slowdown, but more steps needed: Report

Nirmala Sitharaman rolls back tax hike on foreign, domestic equity investors; outlines steps to boost sentiment

Trump raises 30% tax on Chinese goods worth $250 billion as trade war worsens

J&K administration asks Rahul Gandhi to stay away from Srinagar

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react