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  Business   Economy  08 Jun 2018

Business, Economy, 08 Jun 2018

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.

08 Jun 2018 4:52 PM

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.

08 Jun 2018 1:34 PM

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.

08 Jun 2018 1:07 PM

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.

08 Jun 2018 12:59 PM

Working to rationalise GST rates, says Shiv Pratap Shukla

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

08 Jun 2018 12:00 PM

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

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

08 Jun 2018 9:59 AM

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.

08 Jun 2018 9:41 AM

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.

08 Jun 2018 9:15 AM

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.

08 Jun 2018 8:52 AM

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