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\There is no doubt that an important engine of growth for much faster development of this country will have to come from the urban sector,\ Finance Commission Chairman NK Singh said at an event in Delhi. (Photo: Twitter | @NKSingh_MP)Business
Urban sector holds key for double-digit growth: Fin Comm chief NK...

NK Singh said FRBM Committee 2017 has suggested to bring down debt GDP ratio of the country to 60 per cent by 2024-25.

4 April 2019 2:44 PM IST

Economic Affairs Secretary Shaktikanta Das. (Photo: ANI/Twitter)Business
RBI goes with official data: Shaktikanta Das on data row

Shaktikanta Das told reporters that the RBI goes with the official statistics prepared by the Central Statistics Office.

4 April 2019 2:00 PM IST

GDP stands for Gross Domestic Product.Business
RBI lowers GDP growth forecast to 7.2 per cent for 2019-20

Higher financial flows to the commercial sector augur well for economic activity, says RBI.

4 April 2019 1:02 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.Business
Overall credit growth not broadbased, to MSMEs it's muted: Shaktikanta...

Das said the RBI will continue to watch macroeconomic factors and will act timely on the same.

4 April 2019 12:42 PM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.Business
RBI cuts inflation forecast to 2.9-3 pc for H1 FY20

In its previous policy outcome in February, the RBI had projected retail inflation between 3.2-3.4 per cent for the...

4 April 2019 12:38 PM IST

Shaktikanta DasBusiness
RBI cuts key rate by 25 bps to 6 pc to boost economic activitiy

The Monetary Policy Committee (MPC) also decided to maintain the neutral monetary policy stance.

4 April 2019 11:53 AM IST

For every 10 per cent increase in output produced, the other services sector employment grew by 4.7 per cent, while the manufacturing sector employment grew by just 3.3 per cent.Business
India's services sector output growth at six-month low in March:...

Nikkei India Services Business Activity Index fell to 52 in March from 52.5 in Feb, indicating slowest growth since last...

4 April 2019 11:32 AM IST

Exporters need all the help they can get to help close the trade deficit. (Representational image)Business
Exports in March to reach USD 32.38 bn; over USD 330 bn in 2018-19:...

During 2017-18, the overseas shipments grew by about 10 per cent to USD 303 billion.

3 April 2019 4:27 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.Business
Rupee jumps 40 paise to 68.74 against US dollar

Forex dealers said foreign fund inflows in the debt and equity markets helped the rupee recover.

2 April 2019 6:49 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI begins 3-day meet on monetary policy amidst rate cut hopes

A back-to-back cut in interest rate would provide relief to borrowers in the election season, experts say.

2 April 2019 5:05 PM IST

Manufacturing sector contracted by 0.4 per cent in November as against a growth of 10.4 per cent a year ago. (Representational image)Business
India's manufacturing growth at 6-month low in March: PMI

The Nikkei India Manufacturing Purchasing Managers' Index (PMI) declined to 52.6 in March from 54.3 in February.

2 April 2019 11:36 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.Business
RBI to cut rates again before vote; BJP victory best for economy:...

India's growth outlook for the fiscal year ended in March was cut to 7.1 pc and 7.2 pc, respectively, from 7.3 pc.

2 April 2019 11:11 AM IST

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