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Among the measures steps included roll-back of enhanced surcharge on foreign portfolio investment (FPIs) and upfront transfer of Rs 70,000 crore for recapitalisation of public sector banks to give them firepower for lending. (Photo: File)

India’s economic growth at 6-yr-low with GDP growth at 5pc in June quarter, more stimulus expected

Slowdown attributed to dull performance to low consumption, delayed monsoon, rising global trade tensions affecting exports.

30 Aug 2019 7:33 PM

The unemployment rate rose to 7.51 per cent in July from 5.66 per cent a year earlier. (Representational Image)

Economic growth seen slipping in April-June, more stimulus expected

Slowdown has been driven by a fall in household savings and banks’ increased bad loans, which has hit private investment.

29 Aug 2019 3:04 PM

Imran Khan rose to power with the promise to improve the economic situation of the country. (Photo: File)

As Imran completes a yr in power, Pak's fiscal deficit on 3-decade high

The deficit increased to 8.9 per cent of Pakistan's gross domestic product in the year that ended in June.

28 Aug 2019 10:50 AM

India’s GDP growth has fallen to below six per cent in the first quarter and is expected to fall further in the second.

Strong, decisive leadership isn’t always good, can cause blunders

Decisions are good when the outcomes are understood and there is a calculation on the degrees of fallout.

26 Aug 2019 12:05 AM

Housing finance companies would get up to Rs 30,000 crore with a view to revive the real estate sector.

Govt announces raft of measures to boost economy; more steps on anvil

The government has set fiscal deficit target of 3.3 per cent of the GDP for the current fiscal.

24 Aug 2019 12:03 PM

The net addition to national GDP will be of around one percentage point.

India’s economy is now riding a roller-coaster

The problem is that no political economy sensitive plan to implement these reforms has emerged.

24 Aug 2019 12:00 AM

Reacting to the announcement, MSME Minister Nitin Gadkari said clearing GST dues within 30 days will be highly beneficial for the MSME sector and will also be instrumental in increasing job opportunities. (Photo: File | ANI)

MSMEs to get pending GST refunds within 30 days: FM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala Sitharaman.

23 Aug 2019 8:28 PM

According to the global financial services major, even though growth is set to slow further in Q2 (April-June) the economy is expected to see some recovery in the July-September quarter.

India's GDP growth set to slow further in Apr-Jun qtr to 5.7 pc: Nomura

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

The surplus capital transfer would help the government meet its fiscal deficit target as it will come as a windfall to the exchequer.

RBI capital transfer: Jalan panel likely to get extension to finalise report

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

01 Aug 2019 10:11 AM

The domestic trade, which comprises over 6 crore business enterprises, contributes around 15 per cent of the country's gross domestic product (GDP). (Representional Image)

Govt announces welfare board for traders

The central government will nominate chairman and up to 15 members to the Board, said notification of DPIIT.

29 Jul 2019 7:16 PM

Swadeshi Jagran Manch (SJM), the economic wing of the RSS, has opposed the idea of issuance of sovereign bonds overseas.

PMO asks FinMin to conduct detailed study on issuance of overseas sovereign bonds

India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.

26 Jul 2019 9:11 AM

DBS Bank report argued that increasing the ceiling on foreign portfolio investors in government securities is a better option considering the huge risks in raising debt in a foreign currency.

Govt may cap overseas borrowing at USD 5 billion this year: Report

DBS Bank suggested hiking the cap on foreign funds' investment in domestic debt is a better option.

17 Jul 2019 3:29 PM

Chief Economic Adviser K V Subramanian had also on Thursday said that cost of capital internationally is low while liquidity is very high there.

Govt to start raising part of its gross borrowings from external markets: FM

The government would start raising a part of its gross borrowing programme in external markets, said Nirmala Sitharaman.

05 Jul 2019 3:49 PM

According to the economic survey, India's economic growth, which is expected to rebound from a five-year low to 7 per cent this year, now needs to shift gears to accelerate and sustain a higher growth rate to become a USD 5-trillion economy by 2024-25. (Photo: ANI)

Economic Survey: Chidambaram says govt appears to be pessimistic about economy

‘There are no growth projections sector wise,’ P Chidambaram said.

04 Jul 2019 4:12 PM

Total liabilities of the central government at end-March 2019 stood at Rs 84.7 lakh crore of which 90 per cent was public debt. (Photo: Twiter | @PIB_India)

Economic Survey: Centre and states on the path of fiscal consolidation

‘Despite several headwinds, Indian economy is expected to grow at 6.8pc in 2018-19 while maintaining macro-economic stability,’ it said.

04 Jul 2019 3:16 PM

India still continues to be the fastest growing economy, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday. (Photo: File)

‘Economic growth high on agenda of govt,’ says Nirmala Sitharaman

Finance Minister Sitharaman said in the last quarter, there could have been a fall and steps have been taken to improve the economy.

03 Jul 2019 8:55 AM

The demonetisation decision in the first term of the Modi government in 2016 had created a huge controversy. (Photo: Twitter/ ANI)

No study on effect of note-ban: FM Nirmala Sitharaman

This was disclosed by Finance Minister Nirmala Sitharaman in reply to a question by Congress member Digvijaya Singh in the Rajya Sabha.

02 Jul 2019 7:53 PM

The RBI said valuation gain due to the appreciation of the US dollar vis-a-vis Indian rupee and other major currencies was placed at USD 16.7 billion.

India's external debt rises 2.63 per cent to USD 543 billion at March-end

The external debt-to-GDP ratio stood at 19.7 per cent at end-March 2019, lower than 20.1 per cent at end-March 2018.

29 Jun 2019 11:33 AM

In a research paper, Arvind Subramanian, who stepped down last year, said India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17. (Photo: File | ANI)

EAC-PM rejects Subramanian's claim on over-estimation of GDP

Primary contributors of the paper are economists Bibek Debroy, Rathin Roy, Surjit Bhalla, Charan Singh, Arvind Virmani.

19 Jun 2019 7:44 PM

"These are certainly issues that Arvind Subramanian must certainly have raised while he was working as CEA, though by his own admission, he has taken time to understand India's growth numbers and is still unsure", the EAC-PM said.

Government to come out with rebuttal of ex-CEA's claims on GDP numbers

Arvind Subramanian, in a paper, said India's economic growth rate has been overestimated by around 2.5 percentage points.

12 Jun 2019 4:44 PM

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Mohan Guruswamy