economy

The minutes of the last monetary policy committee meeting suggest that the RBI going dovish under the new governor Shaktikanta Das, and increases the possibilities of more rate cuts, says analysts.

Govt's reform initiatives transformed India into fastest-growing major economy: Niti Feb 21 2019

The country's growth, the note added, has decisively increased over the last five years and is much higher than the average growth among the emerging and developing economies.

Prolonged winter to help up output of rabi crops like wheat, oilseeds Feb 21 2019

India's wheat production in 2018-19 crop year is likely to cross 100 million tonnes -- an all time high -- on better yields because of prolonged winter this season, Agriculture Commissioner S K Malhotra said on Thursday.

Oil ticks over near 2019 highs amid OPEC cuts, but economic slowdown applies brakes Feb 21 2019

Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy.

India to remain fastest growing major economy in next decade: Report Feb 20 2019

The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, India is likely to achieve an average growth of 6.5 per cent in 2019-28, the highest among the emerging economies.

FDI during Apr-Dec 2018-19 falls 7% to $33.49 billion Feb 20 2019

Foreign direct investment (FDI) into India contracted by 7 per cent to USD 33.49 billion during April-December in the current fiscal, according to commerce and industry ministry data.

Single emergency helpline '112' launched in 16 states, UTs Feb 19 2019

Sixteen states and Union territories Tuesday joined a pan-India network of single emergency helpline number '112' on which immediate assistance can be sought by anyone in distress.

Govt source says may not need to relax RBI Feb 2018 circular on NPAs Feb 19 2019

The government may not push for relaxation of the February 12, 2018, circular of the Reserve Bank of India anymore, a senior finance ministry official said. The central bank’s February 2018 circular lays down the guidelines for banks to deal with stressed loans.

CBI director convenes review meeting of all branches of agency Feb 19 2019

CBI Director Rishi Kumar Shukla has Tuesday convened a review meeting of all branches of the agency, a first after taking over charge earlier this month, officials said.