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Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Business

India Ratings lowers country's GDP growth projection for FY20 to 7.3...

Key reasons for downward revision are prediction of lower-than-normal monsoon for 2019 and continued agrarian distress.

1 May 2019 2:50 PM IST

Chief Economic Advisor Arvind Subramanian

Business

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...

12 Jun 2019 4:44 PM IST

Chief Economic Adviser Arvind Subramanian termed the GST launch a big transformational event of 2017-18. (Photo: ANI)

Business

Government dismisses Ex-CEA's claim, says accepted norms used for GDP...

India's GDP growth rate should be about 4.5 pc instead of official estimate of 7 pc, Arvind Subramanian had said.

12 Jun 2019 2:10 PM IST

Non-profit organisation Educate Girls received a grant of USD 75,000 from Goldman Sachs.

Business

GDP growth may accelerate to 7.2 per cent in FY20: Report

Goldman Sachs report said it expects an acceleration in GDP to 7.2 per cent.

7 Jun 2019 3:27 PM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)

Business

RBI lowers economic growth forecast to 7 pc for FY20

Weak global demand due to escalation in trade wars may further impact India's exports and investment activity, said RBI.

6 Jun 2019 12:41 PM IST

$\The issue of GSP has been done in a little bit of haste...It is certainly going to hurt us, especially small item exporters,\ said CII President Vikram Kirloskar. (Photo: File | Youtube screengrab)$ Business

India Inc pitches for land and labour reforms to achieve double-digit...

To target GDP growing up to 10 per cent by 2023-24, the total investment requirement is estimated at USD 5.74 trillion.

3 Jun 2019 6:40 PM IST

Opinion

Does GDP really double on its own in 5 years?

This is the Modi 2.0 government targeting to increase the GDP by 86 per cent in five years.

27 Aug 2019 12:08 AM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

Business

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...

23 Aug 2019 8:28 PM IST

Rising oil prices could cause significant inflation, dampen economic growth and alter geopolitics in multiple ways this year.

Business

Emerging economies like India more vulnerable to big oil price moves:...

According to the report, when rise in oil prices are driven more by supply-side factors it is more damaging to large net...

17 Sept 2019 3:00 PM IST

The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

Business

Govt pegs GDP growth at 5 per cent for current fiscal

GDP growth stood at 4.8 per cent for the first half of the current fiscal year.

8 Jan 2020 1:23 AM IST

Singapore cuts 2020 GDP outlook again as virus batters economy. (AFP Photo)

Business

Singapore cuts GDP outlook again as virus batters economy

Singapore's economy shrank 0.7% year-on-year in the first quarter and 4.7% on a quarter-on-quarter

26 May 2020 9:00 AM IST

Indias GDP to contract 16.5 pc in Q1 as pandemic spreads, says SBI report. (Representative Image)

Business

GDP to contract 16.5% in Q1 as COVID cases continue to surge: SBI...

The degrowth in corporate gross value added has been significantly better than revenue degrowth in Q1 FY21

18 Aug 2020 10:18 AM IST