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Reserve Bank governor Shaktikanta Das pointed towards a line in the monetary policy committee resolution, which makes it "explicitly" clear that there is a scope for further rate cuts. (Photo: File)

We can't keep on slashing policy rates every time: Shaktikanta Das

The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.

05 Dec 2019 1:34 PM

The Monetary Policy Committee recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture, the RBI said in its fifth bi-monthly monetary policy for this fiscal.

Reserve Bank keeps benchmark interest rate unchanged at 5.15 per cent

The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.

05 Dec 2019 12:08 PM

The sharp expansion in both services and manufacturing activity pushed a composite index to a four-month high of 52.7 in November, from 49.6 in the previous month.

India's services industry returns to growth in November on strong demand: PMI

A sub-index tracking demand jumped to 53.2 from October’s 50.1, encouraging firms to accelerate hiring at the fastest pace in three months.

04 Dec 2019 7:51 PM

The GST Council will deliberate on the matter of GST compensation at its meeting on December 18.

GST Council to review revenue position, compensation cess on Dec 18

The meeting of all-powerful GST Council is going to be held against the backdrop of lower-than-expected GST collection.

04 Dec 2019 6:53 PM

FDI increased in the financial year 2018-19 as compared to previous years.

Total FDI inflow into India increased in 2018-19: govt

Total FDI inflow in 2018-19 was USD 62.00 billion.

04 Dec 2019 3:05 PM

Notwithstanding the upturn, the headline figure remained below its long-run average of 54.2, the survey added. (Photo: Representational)

Services output expands for first time in 3 months: PMI

The IHS Markit India Services Business Activity Index improved to 52.7 in November from 49.2 in October.

04 Dec 2019 11:33 AM

Minister of State for Finance Anurag Thakur said that any complaint received in respect of implementation of the PMMY, including turning down of loan applications, delay in turn-around-time (TAT) and lenders' insisting on collateral/guarantor on certain occasions, are redressed in coordination with the respective banks.

Nearly 3 per cent of Mudra loans turn into bad loans: Govt

Minister of State for Finance Anurag Thakur gave this information in written reply to a question in the Rajya Sabha.

03 Dec 2019 4:21 PM

The gross domestic product numbers released on Friday showed government spending helping to prop up weak demand.

RBI may go for sixth repo rate cut to boost economy

The economy is expanding well below the rate needed to generate enough jobs for the millions of young Indians.

03 Dec 2019 2:08 PM

Finance Minister Nirmala Sitharaman invited Swedish firms to invest in infrastructure development projects. (Photo: File)

Government open to further reforms: FM Nirmala Sitharaman

Govt is committed for further reforms in sectors such as banking, mining, insurance among others said FM Sitharaman.

03 Dec 2019 12:35 PM

This is the 28th consecutive month that the manufacturing PMI has remained above the 50-point mark.

India's mfg sector activity growth inches up in Nov; but remains subdued

GDP growth slowed sharply to a pace of 4.5 per cent in the July-September, hit by a slump in manufacturing output.

02 Dec 2019 11:12 AM

GST revenues witnessed an impressive recovery with a positive growth of 6 per cent in November 2019 over November 2018 collections, an official statement said.

GST revenue grows 6 per cent, crosses Rs 1 lakh cr in November

According to official sources, the number reflects pick up in consumption and improvement in compliance as well.

01 Dec 2019 4:56 PM

A set of officers are looking into the pipeline of projects that can be readied so that once the fund is ready, it could be front-loaded on these projects, Finance Minister Nirmala Sitharaman said at a business summit in Mumbai. (Photo: File)

Centre to invest Rs 100 lakh crore in new infra projects to boost economy

PM Narendra Modi has taken various measures since 2014 to boost economic growth, including cutting the corporate tax.

01 Dec 2019 3:32 PM

For last over a month or so, both domestic and international rating agencies had cut the gross domestic product or GDP growth forecast, ranging between 6.2 and 4.7 per cent this financial year.

Growth falls to 4.5 per cent in Q2, lowest in 6 years

The Narendra Modi government recently took several measures to boost investments and bolster economic growth.

30 Nov 2019 3:12 AM

The fiscal deficit figure in monthly accounts during a financial year is not necessarily an indicator of fiscal deficit for the year, as per the CGA.

Fiscal deficit hits 102 per cent of Budget estimate till Oct

The government has pegged its total expenditure for 2019-20 at Rs 27.86 lakh crore.

29 Nov 2019 7:41 PM

The previous low was recorded at 4.3 per cent in the January-March period of 2012-13.

India's GDP growth further dips to 4.5 pc in July-Sept

The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.

29 Nov 2019 6:07 PM

The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.

Core sector output shrinks 5.8 per cent in October

Output of eight core infrastructure industries had contracted by 5.1 per cent in September, the lowest in the decade.

29 Nov 2019 5:32 PM

The unemployment rate in October rose to 8.5 per cent, its highest since August 2016.

India's economy seen growing at 4.7 per cent in September quarter

PM Modi’s govt has taken several steps, including cutting corporate tax in Sept, to boost investments and bolster economic growth.

29 Nov 2019 12:55 PM

For the last few quarters the cycle of growth has not been as it was earlier, Chief Economic Adviser KV Subramanian said at an event in New Delhi and added that "corporate tax rate is important for investments". (Photo: File)

Cut in corporate tax rate important for investments: CEA Subramanian

India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.

29 Nov 2019 12:12 PM

The ideal debt to equity ratio for capital intensive and long gestation period sectors like power & steel is 2:1. The Indian steel sector debt to equity ratio is presently less than 2:1, Steel Minister Dharmendra Pradhan said on Wednesday. (Photo: File)

Crude steel production capacity on increase in country

The capacity for domestic crude steel production expanded to 142.24 million tonnes in 2018-19, said Minister Dharmendra Pradhan.

27 Nov 2019 3:12 PM

This is the third quarter since the growth rate has fallen in the country. If this is not recession, then what is it? The government must bring a white paper on the status of Indian economy, tweeted CPI(M) general secretary Sitaram Yechury.

Govt must bring white paper on status of Indian economy: Yechury

Indian economy may have slowed for the sixth consecutive quarter in July-September to 4.7 per cent, India Ratings report said.

27 Nov 2019 12:58 PM

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Anita Anand