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The countrys vast coastline provides huge potential for the domestic industry in terms of exploiting marine products and promoting exports, Commerce and Industry Minister Suresh Prabhu said on Tuesday.

Economic growth may cross 8 per cent in next 2 years, says Prabhu

India's GDP grew at the fastest pace in seven quarters at 7.7 per cent in the January-March quarter of last fiscal.

8 Jun 2018 4:52 PM IST

Following peers, state-owned Bank of India has hiked lending rates based on MCLR by 0.10 per cent for various tenors.

Bank of India hikes lending rate based on MCLR by 0.10 per cent

The bank has increased MCLR rates by 10 bps for various tenors, it said in a statement.

8 Jun 2018 1:33 PM IST

Foreign direct investment in India increased to USD 61.96 billion in 2017-18, DIPP Secretary Ramesh Abhishek said on Friday.

FDI in India rises to USD 61.96 billion in 2017-18, says govt

FDI inflows stood at USD 60 billion in the previous fiscal.

8 Jun 2018 1:06 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Notice shot off to businesses for less IGST input credit claim

The analytics was conducted based on data between July to March - the first nine months of GST rollout.

8 Jun 2018 12:58 PM IST

Union finance minister Arun Jaitley listens to Chief economic advisor Arvind Subramaniam as minister of state for finance Shiv Pratap Shukla looks on, at the 22nd meeting of the GST council, in New Delhi on Friday. (Photo: PTI)

Working to rationalise GST rates, says Shiv Pratap Shukla

The MoS Finance said a big announcement from the government regarding GST is imminent.

8 Jun 2018 12:00 PM IST

IMF Spokesman Gerry Rice.

Important for India to address banking crisis to support investment:...

Indian banks have made progress in addressing stock of NPAs and were taking further measures to deal with flow problem.

8 Jun 2018 9:57 AM IST

The IMF downgraded its outlook for advanced economies this year by 0.2 percentage points to 1.6 percent but raised it slightly for emerging and developing economies to 4.2 percent.

IMF welcomes RBI decision to hike interest rates

In January 2014 RBI had increased the repo rate to eight per cent to keep the inflation under check.

8 Jun 2018 9:40 AM IST

PM Modi said Infrastructure does not differentiate on the basis caste, creed, religion and economic status. (Photo: ANI/Twitter)

RBI's rate hike upsets Modi's election year budget maths

Rate hike will push up govt's interest financing cost and add to the fiscal deficit pressure on one hand.

8 Jun 2018 9:13 AM IST

Union minister Piyush Goyal

Bank merger back on table, Piyush to meet bank chiefs

Meeting is also expected to take a call on issuance of recapitalisation bonds for some of the weak banks.

8 Jun 2018 8:51 AM IST

Moodys Investors Service

India may cut expenditure to stick to 3.3 pc fiscal deficit: Moody's

Moody's had last year upped India's sovereign rating for the first time in over 13 years to 'Baa2'.

7 Jun 2018 2:37 PM IST

Post 2014 general election, FDI inflows saw a compound annual growth rate of 11 per cent. (Photo: PTI)

FDI into India decreased to USD 40 billion in 2017, says UN

The report said that cross-border merger and acquisitions sales for India rose from USD 8 billion to USD 23 billion.

7 Jun 2018 1:27 PM IST

Power Minister Piyush Goyal

RBI's policy stand confirms economic activity is on upswing: Goyal

The finance ministry said it welcomed the monetary policy of the banking regulator.

7 Jun 2018 9:15 AM IST