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Former prime minister Manmohan Singh

State of economy deeply worrying: Manmohan Singh

Former PM Manmohan Singh said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a...

1 Sept 2019 11:07 AM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Banks merger reflects govt resolve to address economic slowdown: India...

Manufacturing output and subdued farm sector activity pulled down India's GDP growth to 5 pc in April-June quarter.

31 Aug 2019 11:08 AM IST

Finance Minister Nirmala Sitharaman (Photo: File)

Govt unveils mega-mergers of PSU banks for economy boost

Number of public sector banks falls to 12, from 27 in 2017.

31 Aug 2019 1:46 AM IST

The answer, it seemed, was not difficult to seek for those who believed that economic growth in India, then as it is now, is state driven.

India's economic growth at 6-yr-low with GDP growth at 5pc in June...

Slowdown attributed to dull performance to low consumption, delayed monsoon, rising global trade tensions affecting...

30 Aug 2019 7:33 PM IST

The mergers are part of the governments attempt to consolidate the public sector banks. (Photo: ANI)

Changes to expect after FM's announcements on PSU bank mergers

Finance Minister Nirmala Sitharaman said, 'We want banks with strong national presence and enhanced risk appetite.'

30 Aug 2019 7:14 PM IST

Finance Minister Nirmala Sitharaman (Photo: File)

From 27 to 12, Finance Minister announces mega PSU bank mergers

Non-performing assets have also been brought down from Rs 8.65 lakh crore to Rs 7.9 lakh crore.

30 Aug 2019 4:55 PM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

Fiscal deficit crosses 77 pc of budgeted target in first 4 months of...

The government has set a fiscal deficit target of 3.4 per cnet for 2019-20, same as 2018-19.

30 Aug 2019 4:23 PM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

India Inc to debate USD 5 trillion economy goal amid RBI bonanza to...

RBI decided to transfer Rs 1.76 lakh crore in dividend and surplus reserve to the government.

30 Aug 2019 12:34 PM IST

Amit Shah said if Naidu had worked this hard in the elections, TDP could have performed better. (Photo: ANI twitter)

India's economic fundamentals are strong, says Amit Shah

Shah said India's goal is to become a USD 5 trillion economy in the next five years.

30 Aug 2019 9:48 AM IST

There is no doubt that this is a tough time for the Indian economy. Growth has slowed down to rates not seen since 2008-9. Consumption has fallen. Businesses have been pushed to the brink.

Economic growth seen slipping in April-June, more stimulus expected

Slowdown has been driven by a fall in household savings and banks' increased bad loans, which has hit private...

29 Aug 2019 3:04 PM IST

The government last year relaxed FDI norms in over a dozen sectors

After tax incentives, govt brings in FDI reforms to propel growth

The changes in FDI policy will result in making India a more attractive FDI destination.

29 Aug 2019 9:41 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

SBI economists slam 'intelligentsia' for 'misunderstanding' RBI...

The Rs 52,000-crore surplus payout is much lower than the estimates, the economists said.

29 Aug 2019 9:31 AM IST