The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh crore.
24 Aug 2019 1:42 AM
Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.
23 Aug 2019 7:29 PM
The government has notified the Code after it received assent from the President of India on August 8.
23 Aug 2019 6:20 PM
GDP growth is set to slow further in April-June quarter of this year to 5.7 pc amid contraction in consumption, weak investments.
23 Aug 2019 10:45 AM
The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.
22 Aug 2019 6:46 PM
Federal debt, which is already high by historical standards, is on an unsustainable course, said Phillip Swagel of CBO.
22 Aug 2019 5:48 PM
Petrol imports rose to 230,000 tonnes in July, the highest since PPAC data going back to 2011.
22 Aug 2019 2:59 PM
RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to borrowers.
22 Aug 2019 11:55 AM
India's economic growth slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.
21 Aug 2019 12:32 PM
As my information, the discussion for stress fund is on in the Finance Ministry, said Housing Secretary Durga Shanker Mishra.
19 Aug 2019 6:55 PM
The details of the report, however, could not be known immediately.
19 Aug 2019 5:51 PM
Passenger vehicle sales in July declined 11 per cent to 2,43,183 units.
19 Aug 2019 3:56 PM
SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.
19 Aug 2019 12:40 PM
Though lack of credit demand exists in the economy, there is no supply-side constraint said SBI Chairman Rajnish Kumar.
18 Aug 2019 5:50 PM
The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.
17 Aug 2019 11:15 AM
India's GDP growth increased from an average of 6.7 per cent during 2010 to 2014 to 7.3 per cent during 2015 to 2019.
16 Aug 2019 1:34 PM
There are expectations that the government would come out with sector-specific stimulus sometime soon.
15 Aug 2019 5:35 PM
India was ranked 142nd among 190 nations when the Narendra Modi's government took office in 2014.
15 Aug 2019 9:27 AM
Zombie companies are defined as corporate underachievers overdosed on cheap credit.
15 Aug 2019 1:44 AM
It said that if banks direct more funds to the sector, mostly the strongest NBFCs are likely to be benefited.
15 Aug 2019 1:35 AM