Economy News

Here is what RBI governor Raghuram Rajan said on inflation, GDP growth rate, commodity prices and global economy

Outgoing RBI Governor Raghuram Rajan left the repo rate unchanged at 6.50 percent.

Aug 9, 2016

RBI Governor Raghuram Rajan leaves repo rate unchanged at 6.50%; retains FY17 growth forecast at 7.6%

RBI governor Raghuram Rajan has left repo rate unchanged at 6.50 percent, FY17 GDP growth rate projection retained at 7.6 percent.

Aug 9, 2016

Rail, general budget merger proposal being examined, says finance ministry official

A Union Finance Ministry official said the Central government has already started examining the possible merger of rail and general budgets.

Aug 8, 2016

Bengaluru leads in launch of new residential properties during June quarter: Colliers India

Colliers India said Bengaluru (Bangalore) accounted for about 48 percent of 24,000 residential units launched in June quarter.

Aug 8, 2016

India's fight against inflation to help macroeconomic stability: Moody's

In an inflation-fighting move by the outgoing RBI Governor Raghuram Rajan, the government this week notified Parliament that it would introduce the target of 4 percent.

Aug 7, 2016

Saudi envoy to India says 2,500 and not 10,000 Indians stranded; Modi govt launches 4-pronged effort

Saudi Arabia's ambassador to India, Saud Bin Mohammed Al Sati, says the lay-offs do not reveal a pattern, even as India launches 4-pronged effort.

Aug 6, 2016

7th Pay Commission: Govt issues notification on hike for pensioners, finally

After keeping about 52 lakh pensioners guessing, the Modi government finally cleared the hike as proposed by the 7th Central Pay Commission.

Aug 6, 2016

Subir Gokarn meets RBI governor Raghuram Rajan, triggers speculation: Report

Former deputy governor of RBI Subir Gokarn's purported meeting with RBI chief Raghuram Rajan on Friday has triggered speculation.

Aug 6, 2016

Mutual funds: Some transactions in DSP BlackRock Micro Cap Fund temporarily suspended

Certain transactions have been suspended fearing possibility that large inflows may prove detrimental to investors' interests.

Aug 6, 2016

GST Bill is a positive reform signal for India, will remove trade barriers: Fitch

Fitch expects the debt to reach 69.4 percent of the GDP in the present financial year.

Aug 5, 2016

Government extends minimum import price for steel products by 2 months

The extension is an indication that India is becoming increasingly protectionist as it tries to support domestic players.

Aug 5, 2016

GST Bill: How 'one nation one tax' law would affect people from April next year

The Goods and Services Tax won't be a win-win for all when it presumably comes into effect from April 1, 2017.

Aug 4, 2016

GST Bill: What foreign media had to say about 'one nation, one tax' legislation

Many prominent newspapers and channels covered the passage of the GST Bill on Wednesday, seen as key to Modi's economic reforms.

Aug 4, 2016

Cabinet approves monetisation of 75 road projects

The cabinet has authorised NHAI to monetise the public funded highway projects, which would garner Rs. 1 lakh crore.

Aug 4, 2016

GST Bill passed in Rajya Sabha uninamously; FM Arun Jaitley, P Chidambaram, Anand Sharma, Sitaram Yechury, others spoke

After a heated debate, the Rajya Sabha passed the GST Bill on Wednesday; the AAIADMK walked out before the voting.

Aug 3, 2016