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Economy News

Subramanian Swamy

'Quarterly GDP data are all bogus': Modi govt pressurised CSO to give out good data, claims Swamy

"Please do not go by the quarterly (GDP) data; they are all bogus," Swamy said. Dec 24, 2017
arun jaitley, jaitley to meet bankers on 12 june, psu banks npas, bad loans, npa ordinance, gst implementation, it minister to meet head honchos

Unemployment pushes education loan defaults to rise 47 percent in just a year

For at least five lenders, the stock of bad loans has more than doubled, with UCO Bank and Indian Bank leading the pack. Dec 23, 2017
bank, banks, atm, cash, note ban, demonetisation, modi govt, no cash, rbi, bank deposits

IMF, RBI raise risk concerns in India's banking system, suggest privatisation of weaker PSBs

In the reports the institutions urged Indian government to consider diluting stakes in weak public sector banks (PSBs) rather than merging them with stronger banks. Dec 22, 2017
Arun Jaitley

India's 'new normal' growth rate is 7-8%, says Finance Minister Arun Jaitley

If India grows at 7-8 percent in 2018 as expected by the government, it might snatch back its title of the fastest growing major economy in the world. Dec 22, 2017
trump modi

Higher visa fees and HR 170 Bill add to woes of Indian IT companies

"The US government's immigration policy is creating an artificial distinction between one company and another," said R Chandrashekhar, president of NASSCOM. Dec 22, 2017
Top 10% earners have 56% of India's wealth

Top 10% earners have 56% of India's wealth: Report [VIDEO]

India's list of billionaires went from 1 to 132 in the last 3 decades. All this while, the country continues to remain the home to world largest population of malnourished children and poor people. Dec 21, 2017
steel production in india, steel production japan, steel exports by india, steel imports by india, india news, steel, tata steel, factory, iip, indian economy, gdp

Indicators for November signal rebound in industrial growth, says ICRA

The Indian economy report shows auto production on a year-on-year basis surged to a 38-month high, 19 percent in November from 2.2 percent in October this year. Dec 21, 2017
Reserve Bank of India

RBI worried over risks to inflation, fiscal uncertainty; don't expect rate cut in near future

The monetary policy committee (MPC) members are concerned about rising crude oil prices, fiscal slippage for the ongoing financial year and rising inflationary expectations of households. Dec 21, 2017
RBI stops printing Rs 2000 notes

RBI likely stopped printing Rs 2,000 notes or is going slow on supply: Report

The report also noted that share of small currency notes in total currency in circulation now, may have surged to 35 percent in value terms. Dec 21, 2017
Bitcoin Gold

Is there a crack in the Bitcoin bubble?

Bill Gates had some predictions about bitcoin in 2014, let's find out if they've come true. Dec 20, 2017
Arun Jaitley

Centre willing to bring petrol under GST ambit, but after consensus with states

Earlier, during his tour to the US, the Union Finance Minister had hinted at the government's intentions to bring petrol under the GST regime, but never confirmed it. Dec 20, 2017
US President Donald Trump

US crackdown on H1-B visas pushes Indian techies and other immigrants to Canada

Under the Canada's fast track visa programme, workers can apply to stay for three years and also apply for permanent residency. Dec 20, 2017
hudco, ipo, hudco ipo, home loans, real estate, home loan interest rates, india, rera, real estate

Home loan growth fell massively due to reforms like RERA, GST

Market experts said the first half of this year was also impacted by the effects of demonetisation. Dec 19, 2017
India insurance

Budget 2018: A glimpse at what one can expect from the upcoming budget

The glimpse comes after Minister of Finance Arun Jaitley invited leaders from the industry to share their suggestions for the upcoming budget. Dec 19, 2017
Farmers' Suicide in India

After victory in Gujarat, BJP's big focus will be rural economy in the next Budget; will farmers' suicide reduce in 2018?

The Budget in February 2018 is going to be the last full-fledged one that will be presented by Finance Minister Arun Jaitely before the 2019 election. Dec 19, 2017
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Amit Shah to visit flood-hit Jammu; review relief and restoration efforts
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India on track to emerge as 3rd-largest economy by 2030: Govt forecast
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India's Q1 GDP growth showcases economy's underlying strength, govt reforms: CII's R. Mukundan
India's Q1 GDP growth reflects economy's resilience, says CII's R. Mukundan
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