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The NSO data shows inflation in pulses/vegetable product was recorded at 15.44 per cent, while in case of meat and fish it was nearly 10 per cent.

Retail inflation rises to 7.35 per cent, highest in 5 yrs

Surge in food/vegetable prices triggers fresh growth concerns.

14 Jan 2020 3:05 AM

The RBI said it had a net outstanding sell position of USD 6.1 billion as of end-November, down from USD 7.47 billion at the end of the previous month.

RBI buys net USD 6.93 billion in currency market in November: report

The RBI bought USD 7.46 billion and sold USD 530 million in the market in November.

13 Jan 2020 12:30 PM

The RBI largely earns profits through its trading of currencies and government bonds. (Photo: AFP)

Indian government to seek RBI dividend boost as revenue drops

Reserve Bank of India approved a 1.76 trillion rupees (USD 24.8 billion) dividend payment to the federal government

11 Jan 2020 10:57 AM

The auction will be conducted using '"Multiple Price Auction" method.

RBI announces auction of 63-day Govt of India Cash Management Bill

Cash Management Bills are short term bills issued by the central government to meet its immediate cash needs.

10 Jan 2020 1:09 PM

Over 60 per cent of respondents expected retail inflation, due for release on January 13.

Inflation probably breached RBI target in December: report

India’s annual consumer inflation rose to 6.20 per cent in December from November’s 5.54 per cent.

09 Jan 2020 1:00 PM

Global trade growth is expected to improve modestly in 2020 to 1.9 per cent from 1.4 per cent in 2019.

World Bank trims 2020 growth forecast amid slow recovery for trade, investment

The World Bank shaved 0.2 percentage point off of growth for both years.

09 Jan 2020 9:53 AM

The estimated growth of real GVA (Gross Value Added) in 2019-20 is 4.9 per cent as against 6.6 per cent in 2018-19.

GDP growth seen slipping to 11-yr low of 5 pc this fiscal: Govt data

RBI had also lowered its forecast for the economic growth to 5 per cent while announcing its bi-monthly monetary policy last month.

08 Jan 2020 9:53 AM

The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

Govt pegs GDP growth at 5 per cent for current fiscal

GDP growth stood at 4.8 per cent for the first half of the current fiscal year.

08 Jan 2020 1:23 AM

Overall, the growth in the total infrastructure credit in FY20 is likely to remain lower than last year, he said.

Credit flow to Infra sector remains muted at Rs 21.2 lakh cr in Apr-Sep: report

The infrastructure credit had witnessed a 19 per cent growth in FY19 to Rs 21.1 lakh crore.

07 Jan 2020 9:34 AM

Commerce and Industry Minister Piyush Goyal.

Use of AI in different forms can help achieve USD 5 trn economy target: Goyal

The minister added that AI can also help expand in a more cost- effective and outcome-oriented manner.

06 Jan 2020 3:03 PM

The survey further noted that Indian services firms expect marketing efforts and favourable economic conditions to boost business activity during 2020.

India's service sector activity growth hits 5-month high in Dec: PMI

The Composite PMI Output Index that maps both the manufacturing and services sector, rose from 52.7 in November to 53.7.

06 Jan 2020 11:27 AM

The benchmark 10-year bond yield dropped as much as 3 bps to 6.48 per cent on Friday.

Indian bonds gain as RBI widens special open market operation

Market participants broadly expect the government to announce a 0.4 per cent-0.6 per cent slippage in fiscal deficit.

04 Jan 2020 12:29 PM

FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.

Exports to rebound in 2020 but growth to remain subdued

Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.

28 Dec 2019 12:38 PM

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)

Inflation leaves consumers teary-eyed as pricey onions, food items bite

For most part of 2019, the government was successful in price control but the party seemed to have lost the sheen lately.

27 Dec 2019 1:14 PM

Currently, there are four GST rate slabs -- 5 per cent, 12, per cent, 18 per cent and 28 per cent.

Niti Aayog member bats for 2 GST slabs, says rates should not be revised frequently

Central government is providing a subsidy of Rs 1.2 lakh cr and the states put together spend about Rs 1 lakh crore.

25 Dec 2019 3:07 PM

Given current sentiments, 2020 may not register high growth but weather is expected to play a key level for growth. A hot elongated summer may drive growth for cooling products in the first half, said CEAMA President Kamal Nandi.

Consumer durables report steady growth in 2019; slowdown a threat in 2020

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent.

23 Dec 2019 9:34 AM

We expect growth to gradually recover to 5.6 per cent in FY2020-21 and 6.5 per cent in FY2021-22 with support from easing monetary and fiscal policy and structural measures that may also support growth over the medium term Fitch said in a statement on Friday. (Photo: PTI/File)

Fitch cuts India GDP growth forecast to 4.6 pc in FY20

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth outlook.

20 Dec 2019 5:04 PM

As per a release issued by the industry chamber, DPIIT Secretary Guruprasad Mohapatra said a district-wise ease of doing business plan is slowly evolving in which the four local bodies will partake in improving the business climate and ease of living, along with the centre and the state government. (Photo: Representational)

DPIIT optimistic of India breaking into top 50 in 'ease of doing biz' ranking soon

India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.

19 Dec 2019 5:33 PM

Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market, KPMG India national head (Financial Services) Gayathri Parthasarathy said in the report. (Photo: Representational)

Room for strong growth for microfinance in India: KPMG

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.

19 Dec 2019 11:49 AM

The Council also rationalised tax rate on woven and non-woven bags to 18 per cent. (Photo: DC)

GST Council fixes 28 per cent uniform tax rate for lottery

The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017.

19 Dec 2019 9:17 AM

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Sanjeev Ahluwalia