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The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

'Easing crude prices good for India's inflation, GDP growth'

Global GDP growth was 5 per cent (average) and India's average growth was at 8.6 per cent.

11 May 2017 1:45 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Demonetisation effect transitory, says UN expert

The revised report projected that India will achieve an impressive 7.9 per cent GDP growth in fiscal 2018.

17 May 2017 1:30 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Economy to grow at 7.4 pc in FY18: FICCI survey

Third quarter GDP growth estimates released earlier by the Central Statistics Office had reported 7 per cent growth.

15 May 2017 5:03 PM IST

Saudi Aramco, a key exporter to China, is due to list next year, with a potential $100 billion equity sale that is expected to be the worlds largest to date.

China's economy slows in April as credit tightens

In the first three months of the year China expanded by a better-than-expected 6.9 per cent.

15 May 2017 9:17 AM IST

GDP stands for Gross Domestic Product.

'India likely to clock GDP growth of 6.9 pc this fiscal'

Real GDP growth slowed substantially to 6.1 per cent year-on-year in the fourth quarter of 2016-17.

6 July 2017 12:41 PM IST

GDP numbers scheduled to be released on May 31.

June services activity hits 8 month high on solid new orders

GDP growth was a lower-than-expected 6.1 per cent, slumping to its lowest in more than two years.

5 July 2017 12:23 PM IST

GDP growth not as encouraging as it seems: Bajaj

Baja Auto's exports fell by over 19 per cent to Rs 7,880 crore while in US dollar terms they shrank by 23 per cent.

4 July 2017 1:48 PM IST

The decision came after a meeting of representatives of Indian Revenue Service (Customs and Central Excise), All India Association of Central Excise Gazetted Executive Officers, All India Central Excise Inspectors Association and All India

India services PMI grows for first time in 4 months

Govt data earlier this week showed India's economy still grew 7.0 per cent in the December quarter from a year earlier.

3 March 2017 11:16 AM IST

Union finance minister Arun Jaitley speaks to the media after returning from his trip to UK in New Delhi. (Photo: PTI)

Arun Jaitley: GDP belies note ban rants

Demonetisation has helped in integration of cash-dominated informal sector to the economy.

2 March 2017 6:27 AM IST

Union Finance Minister Arun Jaitley addresses a Post-Budget press conference in New Delhi on Wendnesday. (Photo: PTI)

Q3 GDP data substantially hit by note ban: Jaitley

Jaitley, however, refuted theory that rural sector was drastically affetced due to demonetisation.

1 March 2017 5:14 PM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.

Retail inflation hits 3-year low of 3.41 per cent

Rural retail inflation stood at 3.83 per cent in December compared with 4.13 per cent in November.

12 Jan 2017 6:59 PM IST

As per the data, IIP growth during April-November period this fiscal remained almost flat at 0.4 per cent compared to 3.8 per cent a year ago. (Representational image)

Industrial output up 5.7 per cent in November

Manufacturing sector, which constitutes over 75 per cent of the index, grew at 5.5 per cent in November.

12 Jan 2017 6:45 PM IST