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Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

No need for RBI to help NBFCs as lender of last resort: Acharya

The central bank is guided by the principle of addressing system-wide liquidity requirements, says Acharya.

5 Dec 2018 4:56 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI retains GDP projection for current fiscal at 7.4 per cent

India's economic growth fell to 7.1 pc in the second quarter of the current fiscal, from 8.2 per cent.

5 Dec 2018 4:10 PM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.

India's services sector activity in Nov sees quickest growth since...

The services PMI was in the expansion territory for the sixth straight month.

5 Dec 2018 11:33 AM IST

Allaying worries over the rupees slide, Niti Aayog vice-chairman Rajiv Kumar said that the currency was coming back to its natural value after witnessing a 17% appreciation in the last three years.

India GDP to recover in Q4 of FY19; Q3 to remain slow: Rajiv Kumar

The growth in Gross Domestic Product (GDP) in July- September is the lowest in three quarters.

4 Dec 2018 6:14 PM IST

Subhash Chandra Garg has replaced Shaktikanta Das as economic affairs secretary. (Photo: PTI)

Economy to double to USD 5 trillion by 2025; no risk to inflation...

India's GDP in value terms currently stands at USD 2.5 trillion - making it the sixth largest economy in the world.

26 March 2018 1:58 PM IST

The call for privatisation gathered currency after diamond jeweller Nirav Modi allegedly colluded with some officials of PNB to fraudulently obtain guarantees so as to avail of loans from Indian banks overseas. (Photo: File)

PNB fraud: Goldman downgrades India's economic growth forecasts

Goldman Sachs lowered its real GDP forecast on India for year to March 2019 to 7.6 per cent from 8 per cent earlier.

20 March 2018 3:53 PM IST

India has been the worlds fastest growing major economy over the past two years.

Outlook for Indian govt bonds to remain challenging: DBS

Overall, India's financing requirements will keep the rupee vulnerable to rising US rates this year.

20 March 2018 11:22 AM IST

A total of eight out of 23 industry groups in the manufacturing sector grew in July 2017 compared to the corresponding month last year.

Manufacturing sector growth rises marginally in April: PMI

Nikkei India Manufacturing Purchasing Managers Index (PMI), rose from 51.0 in March to 51.6 in April.

2 May 2018 11:23 AM IST

With factory production also softening, activity across the private sector dropped the maximum in over three years.

Core sector growth rate slows to 4.1 pc in March; 4.2 pc in 2017-18

The other sectors which showed slower growth rate were refinery products, steel and electricity.

2 May 2018 8:39 AM IST

Fiscal deficit for the financial year 2016-17 is budgeted at 3.5 per cent.

Fiscal deficit at 120 per cent of revised estimates at Feb-end

Fiscal deficit or gap between total expenditure and revenues has been pegged at 3.3 per cent for 2018-19.

28 March 2018 5:03 PM IST

Krishnamoorthy received multiple emails regarding the investment banks potential involvement in the transaction, which also summarized the mechanics of the deal. (Photo: Pixabay/Representational)

India can double its economy in 10 years: Asian Development Bank

The Indian economy is forecast to grow at 6.6 per cent in the 2017-18 fiscal ended March 31.

6 May 2018 12:01 PM IST

Subhash Chandra Garg

Rupee at 65-66 against dollar reflects 'fair valuation': Garg

Rupee has been second-worst performing Asian currency this year, dropping 2.4 per cent against dollar.

4 May 2018 2:00 PM IST