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Latest Articles in economy

Indian Government To Seek RBI Dividend Boost As Revenue Drops

Reserve Bank of India approved a 1.76 trillion rupees (USD 24.8 billion) dividend payment to the federal government.

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PM Modi Meets Top Economists Ahead Of Union Budget

"The Union Budget represents the aspirations of 130 crore Indians and lays out the path towards India's development. I invite you all to share your ideas and suggestions for this year's Budget on MyGov," Modi tweeted.

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Inflation Probably Breached RBI Target In December

India’s annual consumer inflation rose to 6.20 per cent in December from November’s 5.54 per cent.

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Softbank In Talks To Sell Stake In Indian Renewable Energy Venture: Report

SoftBank is facing renewed investor scrutiny after it was forced to bail out one of its best known portfolio companies.

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India Needs 6.3 Pc Labour Productivity Growth To Attain 8 Pc Hike In GDP: Ind-Ra

India will have to raise its labour productivity growth to 6.3 per cent to achieve 8 per cent GDP growth.

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Rupee Strengthens 22 Paise As US, Iran Seek To Defuse Crisis

At the interbank foreign exchange market, the rupee opened strong at 71.44 against the greenback.

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Oil Edges Up After Plunge, As Market Recovers Poise

US oil added 61 cents, or 1 per cent, to USD 60.22 after falling nearly 5 per cent in the previous session.

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World Bank Trims 2020 Growth Forecast Amid Slow Recovery For Trade

Global trade growth is expected to improve modestly in 2020 to 1.9 per cent from 1.4 per cent in 2019, which was the lowest since the 2008-2009 financial crisis.

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India Asks Citizens To Avoid Non-Essential Travel To Iraq

In retaliation to killing of top Iranian commander General Qassem Soleimani, Iran has launched missile strikes against two US military bases in Iraq on Wednesday.

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GDP Growth Seen Slipping To 11-Yr Low Of 5% This Fiscal: Govt Data

RBI had also lowered its forecast for the economic growth to 5 per cent while announcing its bi-monthly monetary policy last month.

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Officials Discuss Ways To Streamline GST System, Curb Evasion

The discussions focussed on a road ahead for e-invoicing, new return system and feedback, e-way bill linking with Fastag, pendency of refunds, linkage of Aadhaar to GST registration, enforcement module use without overreach and QR codes.

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Home Sales Stay Resilient In 2019 Despite Weak Economic Outlook: Knight Frank India

The residential segment in top eight cities demonstrated unexpected resilience and recorded a marginal growth of 1 per cent year-on-year in sales volume.

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JSPL Clocks New Milestones In Production During Q3 FY20

The highest ever quarterly production of 1.61 million tonnes of steel in Q3 FY20 with Raigarh and Angul operations contributing 8.17 lakh tonnes and 7.92 lakh tonnes.

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Use Of AI In Different Forms Can Help Achieve $5 Trillion Economy Target: Goyal

The minister added that AI can also help expand in a more cost- effective and outcome-oriented manner.

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IAF Flew 625 Tonnes Of New Notes After Demonetisation: Former Air Chief BS Dhanoa

The move to scrap the old Rs 500 and Rs 1,000 notes was announced by PM Modi on November 8, 2016.

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