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Oil minister Dharmendra Pradhan said energy is integral to achieving the target of early doubling the size of Indian economy to USD 5 trillion by 2024. (Photo: File)

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 Minister.

13 Oct 2019 6:25 PM

Headline consumer price index inflation likely jumped in September on the back of a surge in onion prices. But that will hardly bring tears to the eyes of the RBI, as it is likely to have stayed below the 4.0 per cent target, said Shilan Shah, senior India economist at Capital Economics.

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

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

Production of monsoon-sown food grains is expected to be 140.57 mt in 2019-20, up by 8.4 mt from average output in the past five years, the report said. (Photo: Representational)

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.

08 Oct 2019 7:14 PM

The next exchange would take place in September 2020, the spokesperson added. (Representational image | 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.

07 Oct 2019 4:48 PM

I am not saying boisterous or we are going to have a runaway boom. I am saying that as we are moving ahead, growth will move higher from where it is. We are probably at the trough, Puri said. (Photo: File)

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.

06 Oct 2019 6:26 PM

Pre-Budget meetings will begin from October 14 and continue till the first week of November, it said.

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 (2020-21).

06 Oct 2019 12:34 PM

The increase in reserves in the reporting week on account of foreign currency assets (FCA), a major component of the overall reserves. (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.

05 Oct 2019 10:43 AM

The repo rate cut is aimed at pushing consumption up during the ongoing festival season by reducing borrowing costs for home and auto loans, which are now directly linked to this benchmark.

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.

04 Oct 2019 4:11 PM

Reserve Bank of India's Monetary Policy Committee decided to cut benchmark lending repo rate by 0.25 per cent to 5.15 per cent in a bi-monthly meeting in Mumbai on Friday.

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.

04 Oct 2019 12:08 PM

According to the survey, new work intakes contracted in September, after an 18-month sequence of expansion. (Photo : Representational)

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.

04 Oct 2019 11:54 AM

Experts and industry feel low inflation provides enough headroom for the RBI to further lower the policy rate, especially when festive season has just started.

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.

03 Oct 2019 5:50 PM

In the last five years, the economy has grown at about 7.5 per cent. The country's growth rate of 8.1 per cent in the last quarter of 2017-18 has fallen to 5 per cent in April-June, 2019-20, Amitabh Kant said at a World Economic Forum event in New Delhi on Thursday. (Photo: File)

Many more structural reforms in offing to propel growth: Kant

I think many more structural reforms are in the offing. The government has pushed for disinvestment, said the Niti Aayog CEO.

03 Oct 2019 3:43 PM

On being asked if the reduction in the corporate tax would help in the revival of the industry, the Godrej Group chairman Adi Godrej said : "It would". (Photo: File)

Govt should provide more stimulus; lower income tax: Adi Godrej

The government should take these measures, although this may increase the fiscal deficit, said the Godrej Group Chairman.

03 Oct 2019 1:10 PM

The US and China have been fighting a trade war raising tariffs on billions of dollars of items exported from each other. (Photo: Representational | AFP)

Singapore Deputy PM warns of greater economic uncertainty due to US China trade war

He asserted that monetary and fiscal policies can 'stabilise' the global economy but structural policies need to be brought in.

03 Oct 2019 12:11 PM

the country has a strong startup ecosystem aThe recent policy measures announced by the government would further help to bring investments.

Favourable conditions exist to achieve USD 5 trillion economy target: official

The WEF would further give government ideas in order to get moving forward.

03 Oct 2019 11:26 AM

From 2004 to 2014 we did not implement any structural reforms. During 2014 to 2019 we have implemented a couple of them like Bankruptcy Code and GST. So I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian. (Photo: File | Twitter)

Corporate tax cut is a signal to structural reforms: CEA

I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian.

02 Oct 2019 6:36 PM

Apart from investment, government backing and direction will be crucial for accelerating adoption and deployment of electric mobility, the report added.

India has potential to become one of the largest electric vehicles markets: Report

Considering the strong governmental push towards EVs, India has a huge potential to become one of the largest EV markets, the report noted.

02 Oct 2019 6:20 PM

The RBI is predicted to lower its key lending rate or the repo rate by 25 basis points (bps) to 5.15 per cent, which would take cumulative cuts so far this year to 135 bps.

India central bank set to cut rates again as fiscal measures fail to cheer

With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.

02 Oct 2019 2:41 PM

RBI Governor Shaktikanta Das has already hinted that the benign inflation provides room for further monetary policy easing while space for fiscal space is limited. (Photo: File | AFP)

RBI begins policy review meet; rate cut on cards to boost economy

The six-member MPC is scheduled to announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4.

01 Oct 2019 5:19 PM

The IHS Markit India Manufacturing PMI was at 51.4 in September, unchanged from August and thereby posting its joint-lowest reading since May 2018.

India Sepember manufacturing PMI unchanged from August on weaker demand

This is the 26th consecutive month that the manufacturing PMI has remained above the 50-point mark.

01 Oct 2019 11:33 AM

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Shreya Sen-Handley