Economy News

Slowdown will not hit social sector spending: Nirmala Sitharaman

The minister said the government was yet to take a call on how it would use the surplus reserve of Rs 1.76 lakh crore it has received from the Reserve Bank of India.

Sep 7, 2019

Good news for home, auto buyers: RBI makes external benchmark-based interest rate mandatory from Oct 1

The step is another attempt by the central bank to spur growth in the economy, which registered the slowest growth to a six-year low of 5 per cent in the April-June quarter.

Sep 5, 2019

Mark Mobius, Founder of Mobius Capital Partners LLP.

What recession? Here's why investment guru Mark Mobius is bullish on investing in India

Mobius believes that India is going to benefit due to trade war between the world's two largest economies, China and the United States.

Sep 3, 2019

PSU banks lose on BSE post merger announcement

Earlier the government had also announced upfront capital infusion of Rs 70,000 crore into the public sectors banks.

Sep 3, 2019

Sensex down 800 points after GDP shocker, bank, auto stocks drag

Indian 'VIX' or the volatility index -- market's expectation of volatility over the near term -- shot up by 7 per cent to 17.41.

Sep 3, 2019

Move to monetise roads expected to power quality network expansion

NHAI plans to drive around PMO's speedbumps over runaway expenditure by offering roads as collateral to lenders.

Sep 3, 2019

FM ducks 'slowdown' question, says consultations on

Concerns of a slowing economy have racked up again as severe slowdown in manufacturing activity in the country pulled down India's GDP growth rate.

Sep 1, 2019

Economy in shambles because of govt's 'all-round mismanagement': Manmohan Singh

Dr Manmohan Singh urged the government to put aside vendetta politics and consult with "all sane voices and thinking minds" to save the economy.

Sep 1, 2019

Maruti Suzuki sales fall 33% in August

The company sold a total of 1,06,413 units, including exports, last month, compared to 1,58,189 vehicles in August 2018.

Sep 1, 2019

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