economy

Amid ongoing controversy over the back series GDP figures showing better economic performance during the UPA regime, the MoSPI said "these are not official estimates" and the data will be released officially later.

Greek central bank chief warns over backtracking, turbulence post-bailout Aug 19 2018

“If we backtrack on what we have agreed, now or in the future, the markets will abandon us and we will not be able to refinance maturing loans on sustainable-debt terms,” Bank of Greece Governor Yannis Stournaras.

India's CAD is expected to widen to 2.8 percent of GDP this fiscal: Report Aug 19 2018

"Overall, we expect the current account deficit to widen to 2.8 per cent of GDP in FY19 from 1.9 per cent in FY18," the Japanese financial services major said.

High growth under UPA govt led to dramatic economic collapse: Niti Aayog Aug 19 2018

Niti Aayog attributed the high growth achieved during the UPA government to untenable fiscal deficit and reckless expansion of bank credit that led to dramatic economic collapse.

Iran says its economy not at 'dead end' from U.S. sanctions Aug 19 2018

“This country has plenty of human and natural resources that can rely on.”

Euro zone inflation confirmed above ECB target in July Aug 17 2018

Annual inflation in the 19 countries sharing the euro increased to 2.1 percent in July, European statistics office Eurostat said on Friday, confirming the rate was above the European Central Bank’s (ECB) target.

Operators must pay attention to cyber security, reasonableness of charges: Patel Aug 17 2018

RBI Governor Urjit Patel has asked financial services providers to focus on cyber security and reasonableness of customer charges.

As Re bleeds, forex kitty plunges by USD 25.147 bn since April peak Aug 17 2018

The country's forex reserves have declined by USD 25.147 billion between April 13 and August 10, with the rupee on a downward spiral since the beginning of the year forcing the Reserve Bank to sell dollars to defend the local currency.

Most companies, barring a few, can withstand ongoing rupee fall: Report Aug 17 2018

Most domestic corporates, barring a few, can withstand the ongoing rupee plunge as the share of their dollar-linked earnings largely balance the share of their greenback-denominated debt, says a report.