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India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

World Bank slashes India's growth forecast to 6 per cent for this...

Asia's third-largest economy is currently growing at its slowest pace in 6 years, expanding by just 5 pc in the...

14 Oct 2019 9:15 AM IST

Two committees have been formed for the preparation of the program which will be headed by Minister of Petroleum and Natural Gas Dharmendra Pradhan and Minister of Jal Shakti Gajendra Singh Shekhawat. (Photo: ANI)

USD 60 billion investment coming in gas infrastructure: Pradhan

Govt is giving special impetus to develop gas infrastructure across the length and breadth of the country, said the Oil...

13 Oct 2019 6:25 PM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

Inflation increased in September but won't 'bring tears' to RBI:...

If the consensus is right, inflation will come in below the RBI's medium-term target for 14 months in a row.

10 Oct 2019 3:31 PM IST

The PMKSY addresses the concerns of growing water scarcity in the country by promoting water conservation through per drop more crop and watershed management.

Foodgrain output at 140.5 million tonne in FY20 on monsoon boost

Maize acreage is expected to go up, but output may fall by 5.75 percent due to the massive armyworm infestation.

8 Oct 2019 7:14 PM IST

The total funds held by all foreign clients of Swiss banks rose about 3 per cent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017. (Photo: AP)

India gets first tranche of Swiss account details

This is the first time that India has received details from Switzerland under the AEOI framework.

7 Oct 2019 4:48 PM IST

HDFC Bank managing director Aditya Puri

Growth will improve by January but no 'runaway boom': Aditya Puri

A few companies, especially with exposure to the realty space, may face problems in the future, said HDFC's Aditya Puri.

6 Oct 2019 6:26 PM IST

A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

FinMin to kick-start budgetary exercise from Oct 14

The pre-Budget/RE (Revised Estimate) meetings will begin on the October 14, 2019, according to a Budget Circular...

6 Oct 2019 12:34 PM IST

Forex reserves may hit the USD 400-billion mark by the week to September 8, 2017, says a report. Photo: PTI

Forex reserves scale record high of USD 434.6 billion

The reserves surged by massive USD 5.022 billion to USD 433.594 billion for the week to September 27.

5 Oct 2019 10:43 AM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Loans to become cheaper after RBI cuts interest rate to a decade low

RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.

4 Oct 2019 4:11 PM IST

Reserve Bank of India (RBI)

RBI cuts repo rate by 0.25 per cent to support growth

The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.

4 Oct 2019 12:08 PM IST

Tech majors Tata Consultancy Services and Infosys Technologies will jointly open the fourth and final quarter of the financial year 2018-19 on April 12.

India's services sector activity contracts in Sep on weak demand: PMI

The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.

4 Oct 2019 11:54 AM IST

Reserve Bank of India

RBI likely to cut policy rate on Friday to boost economy

RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.

3 Oct 2019 5:50 PM IST