Economy News

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Current account deficit to rise to $12-15 billion in fiscal 2018: ICRA

The report further stated that seasonal factors are expected to contribute to a shrinking of the current account deficit to below $5 billion in fourth quarter of fiscal 2018.

Dec 28, 2017

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Modi government to come up with banking reforms in New Year

"Reform agenda is the highest priority which has to be implemented along with capitalisation," said Financial Services Secretary Rajiv Kumar.

Dec 28, 2017

Centre's Rs 50,000 cr borrowing to push bond yield high, to worsen govt's financials further

Following the Centre's decision of borrowing, it is almost certain that the government will breach the fiscal deficit target this financial year, adversely affecting government's financials.

Dec 28, 2017

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Govt to borrow additional Rs 50,000 crore in Jan-March, might miss fiscal deficit target

The move could also hit the bond and equities markets.

Dec 28, 2017

Bharatmala project: Road transport ministry seeks additional Rs 25,000 crore to decongest cities' traffic

With the Rs 25,000 additional fund the ministry also proposed to offer financial aid to states to procure electric bus and personal rapid transport initiatives.

Dec 27, 2017

Fiscal woes may worsen as GST collections fell to lowest in November

The decline in tax collection will amplify the Centre's fiscal concerns ahead of the Union Budget, scheduled for February next.

Dec 27, 2017

India to leapfrog UK and France to become 5th largest economy in 2018, 3rd by 2027: Report

It will be the first time that the Indian economy will catch up and overtake the UK and France.

Dec 27, 2017

November 2017 GST collection falls for 2nd month to Rs 80,808 crore

The total revenue collected under the GST kept falling for the second straight month to Rs 80,808 crore in November from Rs 83,346 crore in October.

Dec 26, 2017

India gets first AC local: 7 things to know about train flagged off in Mumbai

Here are 7 things you must know about India's first AC local, which was flagged off in Mumbai.

Dec 25, 2017

India's plan to go all-electric with cars by 2030 'not viable,' impedes better technology: Mercedes India chief

Mercedes-Benz Managing Director and Chief Executive Roland Folger has said India's plan for all-electric cars by 2030 may be too short-sighted.

Dec 24, 2017

3 landmark economic reforms introduced in India in 2017

World Bank president Jim Yong Kim said the economic reforms undertaken by the government are 'significant'.

Dec 24, 2017

'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

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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

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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

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

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Economy News

Current account deficit to rise to $12-15 billion in fiscal 2018: ICRA

Modi government to come up with banking reforms in New Year

Centre's Rs 50,000 cr borrowing to push bond yield high, to worsen govt's financials further

Govt to borrow additional Rs 50,000 crore in Jan-March, might miss fiscal deficit target

Bharatmala project: Road transport ministry seeks additional Rs 25,000 crore to decongest cities' traffic

Fiscal woes may worsen as GST collections fell to lowest in November

India to leapfrog UK and France to become 5th largest economy in 2018, 3rd by 2027: Report

November 2017 GST collection falls for 2nd month to Rs 80,808 crore

India gets first AC local: 7 things to know about train flagged off in Mumbai

India's plan to go all-electric with cars by 2030 'not viable,' impedes better technology: Mercedes India chief

3 landmark economic reforms introduced in India in 2017

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

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

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

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

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