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The government countered the Moodys statement, saying the IMF in its latest World Economic Outlook has stated that Indian economy is set to grow at 6.1 per cent in 2019, picking up to 7 per cent in 2020.Business
Moody’s cuts India credit rating outlook to negative

Govt slams rater, says growth rate stays unchanged.

9 Nov 2019 1:30 AM IST

This rapid growth in the payment systems, inter-alia, has been facilitated by a series of measures taken by the Reserve Bank of India,\ the central bank said in a statement on furthering digital payments. (Representational image)Business
No levying of charges on NEFT payment from January: RBI to banks

RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

8 Nov 2019 5:24 PM IST

Inflation probably exceeded the RBI medium-term target of 4 per cent in October for the first time in 15 months.Business
India’s inflation probably breached RBI target last month: report

Vegetable prices, particularly that of onions and tomatoes, will contribute significantly to the rise in inflation.

8 Nov 2019 11:00 AM IST

The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.Business
FinMin says fundamental of Indian eco robust, reforms to stimulate...

Government of India has also proactively taken policy decisions in response to the global slowdown.

8 Nov 2019 10:21 AM IST

It affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.Business
Moody-'s outlook on India -'negative-', govt says fundamentals in...

A credit crunch among non-bank financial institutions (NBFIs), have increased the probability of a more entrenched...

8 Nov 2019 8:55 AM IST

The RBI, the most aggressive major central bank in the world this year for easing, is expected to cut the repo rate at its sixth meeting in a row in December, a Reuters poll showed last month, which could put further pressure on the currency.Business
Slowing economy spells tough times for rupee: Poll

Strategists expect rupee to weaken 1.3% to 71.90 in 12 months.

8 Nov 2019 1:13 AM IST

Finance Minister Nirmala Sitharaman. (Photo: ANI)Business
Nirmala Sitharaman reviews state of economy at FSDC meeting

RBI and other regulators are looking at financial at it holistically, he said when asked about stress in the financial...

7 Nov 2019 1:53 PM IST

(Photo: File)Business
India seeks foreign investments in oil and gas sector: Pradhan

India wants to be the new destination for global energy players, said oil minister Dharmendra Pradhan.

7 Nov 2019 12:19 PM IST

India is on a steady path to becoming a five trillion dollar economy, with emphasis on ease of doing business as well as ease of living, said Union Minister Dharmendra Pradhan. (Photo: File)Business
Steel consumption in India set for quantum jump: Pradhan

Steel sector is becoming more efficient, environment-friendly and globally competitive supported by various government...

6 Nov 2019 2:33 PM IST

The sharp reduction in tax rates will drag heavily on revenue collection.Business
Fitch raises India-'s FY20 fiscal deficit forecast to 3.6 pc of GDP

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during FY2019-20.

6 Nov 2019 12:20 PM IST

According to the ISMA, mills produced 33.16 million tonne of sugar during the 2018-19 marketing year, of which sales were 25.5 million tonne.Business
India-'s sugar output likely to fall 21.5 pc in 2019-20: ISMA

ISMA had made a preliminary estimate of 28.2 million tonnes of sugar production for the 2019-20 marketing year.

5 Nov 2019 6:13 PM IST

The projection is lower than 6.1 per cent that the Reserve Bank of India (RBI) had forecast in early October.Business
New base year for GDP to be decided in few months

The change in base year actually captures the change in structures of the economy.

5 Nov 2019 2:59 PM IST

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