economy

Finance Minister Nirmala Sitharaman will hold a press briefing today evening, a government spokesman said, amid expectations that the government would announce steps to revive economic growth.

India Inc Grows Impatient As Economy Dips And Modi Is Distracted Aug 23 2019 | 3 hrs ago

Several businessmen say Modi’s government needs to take swift action on the economy, but instead it seems preoccupied with the situation in Kashmir, which is under a lockdown after authorities curtailed the autonomy of the restive region.

Rupee Hits 72 Against US Dollar, Its Weakest Level Since Mid-December Aug 23 2019 | 7 hrs ago

The rupee fell to its lowest in more than eight months on Friday morning tracking weakness in other regional currencies, while concerns over flagging domestic growth also weighed on sentiment.

Economy Doesn't Need Fiscal Stimulus To Tackle Slowdown: CEA Aug 22 2019

Chief Economic Advisor (CEA) K Subramanian on Thursday said the Indian economy does not need a fiscal stimulus to tackle the ongoing economic slowdown. Former Finance Secretary Subhash Chandra Garg also echoed the CEA's views.

What caused RBI to shift from convention on rate cut Aug 22 2019

The Reserve Bank of India had raised quite a few eyebrows when it announced an unconventional 35 basis points rate cut during its bi-monthly policy meet earlier this month.

India's July Petrol Imports Hit Highest In At Least Eight Years Aug 22 2019

India’s July crude oil imports declined from a year earlier, while petrol imports climbed to their highest since at least April 2011, data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC) showed on Wednesday.

Brent Oil Prices Rise Above $60, Buoyed By US Stock Drawdown Aug 21 2019

Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in U.S. crude inventories, but ongoing worries about a possible global recession capped gains.

Resolve Stressed Assets In Time For Maximum Value: RBI Aug 20 2019

RBI Deputy Governor NS Vishwanathan advised lenders to ensure timely resolution of stressed assets under the new framework to extract the maximum value and asked them for deal only with "genuine" cases.

Q1 Bank Loan Growth Fell 1.2% Due To Low Interest Income: Report Aug 20 2019

Broking firm Centrum has said overall loan growth for banks in the first quarter ending June dropped 1.2% QoQ led by modest net interest income and a sharp drop in pre-provision operating profits.