Economy | The Asian Age

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The bank was confident of maintaining the dividend at this level.

HSBC warns on China, Britain slowdown as 2018 profit disappoints

HSBC’s profits in Asia grew by 16 per cent to USD 17.8 billion last year, accounting for 89 per cent of the group profit.

19 Feb 2019 2:31 PM

India to grow at a faster pace; could be second-largest economy by 2030: PM

India has shown tremendous resilience as an anchor of the world economy, says PM Modi.

11 Feb 2019 12:32 PM

The six-member Monetary Policy Committee voted 4:2 in favour of the rate cut, while the decision to change policy stance was unanimous.

RBI rate cut to boost growth, make loan affordable: India inc

RBI cut benchmark interest rate by 0.25 per cent to 6.25 per cent on expectation of inflation staying within its target range.

09 Feb 2019 10:56 AM

RBI had projected the GDP growth for 2018-19 in the December policy at 7.4 per cent (7.2-7.3 per cent in H2) and at 7.5 per cent for H1:2019-20.

RBI projects 7.4 per cent GDP growth for FY20

GDP growth is likely to be influenced by growth in bank credit and overall financial flows to the commercial sectors.

07 Feb 2019 12:41 PM

Moody's said the Budget proposals are positive for the real estate sector but negative for state-owned oil and gas companies. (Photo: AFP)

Fiscal slippage for two consecutive years credit negative: Moody's

Government announced slippage from its original fiscal deficit targets to 3.4 per cent of GDP both for the fiscal years

05 Feb 2019 12:14 PM

Piyush Goyal also praised PM Modi's way of doing his work continuously, and to take development to every single person across the field. (Photo: PTI)

Budget 2019: Goyal lambasts opposition, highlights NDA's achievements in last 5 yrs

Government successfully reduced inflation rate to 4.5 per cent from 10 per cent.

01 Feb 2019 6:27 PM

Increase in disposable income in the hands of both middle class and rural India is definitely going to spur demand.

Farmers, middle class-friendly Budget to boost economic growth: India Inc

Farmers and workers in unorganised sector leading to more disposable income in their hands, India Inc.

01 Feb 2019 4:39 PM

The country witnessed its best phase of macro-economic stability during this period," Goyal said.

India to become USD 5 trillion economy in 5 yrs, USD 10 trillion in 8 yrs: Goyal

India is the fastest-growing major economy in the world and that the GDP growth in the past 5 years.

01 Feb 2019 2:39 PM

98 per cent rural sanitation coverage achieved, Interim Finance Minister Piyush Goyal said. (Photo File: Ani Twitter)

Union Budget: Here's what's good and bad

Goyal presented Budget in a last ditch bid to woo the electorate with several popular measures.

01 Feb 2019 12:39 PM

The inflation came down to as low as 2.19 per cent in December 2018.

Govt broke the back of high inflation: Piyush Goyal

Goyal said during the previous UPA government (2009-14), inflation averaged as high as 10.1 per cent.

01 Feb 2019 12:12 PM

The Interim Budget, also known as a vote on account, will seek the Parliament’s nod for meeting the expenditure for the first six months of new fiscal—2019-20. (Photo: ANI)

Union Cabinet approves interim Budget 2019-20

A full-fledged Budget will be presented in Parliament once the new Central government is formed after the General Elections.

01 Feb 2019 11:20 AM

Piyush Goyal, the interim finance minister, will present the 2019-20 budget to parliament, in the absence of Finance Minister Arun Jaitley, who is currently in the United States for medical treatment. (Photo: PTI | File)

Interim Budget 2019: Highlights

Govt is set to step up rural welfare spending by 16 per cent for the fiscal year beginning April to 1.3 trillion rupees.

01 Feb 2019 9:33 AM

India's share in global GDP rose to 3.3 pc in 2017: President Kovind

Country's GDP has been growing at a rate of 7.3 pc on an average, making India the sixth largest economy in the world.

31 Jan 2019 2:46 PM

The BJP has reportedly lost votes in some recent state elections due to rural distress and public concerns over job creation.

Fitch warns of fiscal slippage if govt goes for populist interim budget

Government still aims to adhere to a debt ceiling of 60 per cent of GDP by March 2025.

31 Jan 2019 12:51 PM

India’s 2018-19 fiscal deficit is forecast to be 3.5 per cent of gross domestic product compared to a previous goal of 3.3 per cent.

RBI making u-turn, seen shifting to neutral in Feb, cutting rates by mid-year: report

The RBI’s mandate is to control price pressures, which historically have been difficult to tame in India.

24 Jan 2019 10:49 AM

Urbanisation to be big driver of Indian economic growth: Kant

Kant said IMF has forecast 7.5 per cent growth for India despite a gloomy outlook for the global economy.

23 Jan 2019 1:01 PM

Factory output as measured in terms of the IIP had grown by 8.5 per cent in November 2017.

India's industrial activity likely to remain subdued in near term: report

Industrial output growth dropped to a 17-month low of 0.5 per cent in November.

23 Jan 2019 12:49 PM

Total exports fell to USD 221.25 billion in December, down 1.4 per cent from November, and 4.4 per cent from the same month in 2017.

China's economy slumps to 28 year low to 6.6 per cent in 2018

China's rate of expansion has raised worries about the potential knock-on effect on the global economy.

21 Jan 2019 10:44 AM

RBI needs to ensure stability: Shaktikanta Das

The country’s growth story is backed by its strong domestic fundamentals, he said, citing lower inflation.

19 Jan 2019 10:20 AM

GDP growth would have been even better but for the global headwinds caused by an abrupt rise in crude oil prices and strengthening of the US dollar

GDP growth likely to be tad higher at 7.5 pc in FY20, says Ind-Ra

GDP growth in 2019-20 will be more dispersed and evenly balanced across sectors as well as demand-side growth drivers

17 Jan 2019 4:36 PM

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Sunil Gatade