Not all is gloomy! SBI chairman nudges industry to borrow and invest in economy
NEW DELHI: SBI Chairman Rajnish Kumar on Saturday nudged industry leaders to enrich their borrowing capacity so as to boost investment in the economy, asserting there is no dearth of funds and most of the banks will be in a better position by March-end as far as stressed assets are concerned. He also said that […]
Government without a clue on economy, PM ‘unusually’ silent: Chidambaram
NEW DELHI: A day after stepping out of jail on bail, former finance minister P Chidambaram on Thursday tore into the government’s management of economy, accusing it of being “clueless, stubborn and mulish”, adding the economic slowdown in the country is a “man-made catastrophe”. Alleging that Prime Minister Narendra Modi has been “unusually silent” on […]
How real estate industry leaders react to RBI’s monetary policy
NEW DELHI: Today, the Reserve Bank of India (RBI) released its fifth bi-monthly monetary policy statement for 2019-20 in which the Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, has decided to keep the policy repo rate unchanged at 5.15%. In 2019, the RBI has cut repo rate by 135 basis points so far […]
RBI keeps benchmark interest rate unchanged at 5.15%
NEW DELHI: The Reserve Bank of India (RBI) on Thursday kept the key policy rate unchanged at 5.15 per cent and decided to continue with its accommodative stance to support the economy. The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy. […]
RCEP will be third ‘jolt’ to economy: Congress
NEW DELHI: The Congress on Tuesday claimed the RCEP agreement, likely to be signed by India next month, would be a ‘jolt’ to the country’s economy and demanded that the government explain to the people the cost benefit analysis of the mega free-trade pact involving 16 countries. The proposed Regional Comprehensive Economic Partnership (RECP) pact […]
Shiv Sena asks BJP about economy: Itna Sannata Kyun Hai Bhai
NEW DELHI: The Shiv Sena on Monday borrowed an iconic dialogue from Hindi blockbuster movie ‘Sholay’ to target the Centre over the economic slowdown, seeking to know why there was so much “silence” in markets on the occasion of Diwali and wondered if worse days were ahead. The comment came in the wake of a […]
Nirmala Sitharaman in twitter spat with Kiran Mazumdar-Shaw; says she is working on the economy
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on September 19 defended her handling of the economy saying she has been working on measures to revive the growth from a six-year low. Sitharaman, who is not known to reply to comments made on her twitter handle, instantly choose to respond to drug-maker Biocon Chairman Kiran Mazumdar-Shaw’s […]
India considering another ‘booster dose’ to revive economy
NEW DELHI: India’s finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said. The blue print for the stimulus is ready that would be announced by Finance Minister Nirmala Sitharaman in the next […]
5% GDP growth in Q1 a surprise, but government’s steps will help economy: RBI Governor
NEW DELHI: RBI Governor Shaktikanta Das on Monday termed the low GDP growth of 5 per cent as a “surprise” but expressed confidence that the economy will look up with a host of measures taken by the Narendra Modi government. He further said that the RBI has been cutting rates to give a boost to […]
5G project will add $666 billion to Indian economy, help to create 6 crore direct and indirect jobs
NEW DELHI: 5G evolution will pave the way into an era of digitisation and and transform all areas of business and social landscapes said by Lt Gen Rajesh Pant, National Cyber Security Coordinator, PMO at CII Telecom Convergence held in Delhi today. He also said that Government is closely working with industry and will help […]
Priyanka Gandhi attacks BJP, says government promised ‘acche din’ but punctured economy
NEW DELHI: The Congress on Saturday attacked the BJP government over the slump in the GDP, with party leader Priyanka Gandhi Vadra demanding that the Centre clarify who is responsible for “destroying” the economy. Gandhi on Twitter said the government that trumpeted of bringing “achche din” (good days) has now “punctured” the economy. “The GDP […]
Economy has come to a halt, ruling party promoting social disharmony : CPI(M)
NEW DELHI: CPI(M) general secretary Sitaram Yechury on Friday attacked the BJP-led government at the Centre, saying indicators show that the economy has “ground to a halt”. He also said an economy cannot be “delinked” from society, politics and governance, and alleged that the ruling party “actively” promotes social disharmony. Reacting to news reports claiming […]
Ficci demands stimulus package to pump-prime slowing Indian economy
NEW DELHI: Apex industry chamber Ficci on Monday made a strong case for fiscal stimulus to pump-prime the slowing economy amid global headwinds and weakening domestic demand in the next budget as the Narendra Modi government is all set to begin its second innings. India’s GDP growth slowed to five-quarter low of 6.6 per cent […]
India now 6th largest economy in the world with high growth
NEW DELHI: Under the leadership of the Prime Minister of India Narendra Modi, the country has witnessed its best phase of macro-economic stability, becoming the sixth largest economy in the world from being the 11th in the World in 2013-14. Presenting the Interim Budget for the year 2019-20 in Parliament today, the Union Minister for […]
PE, VC investments in real estate touch $2.99 billion in January-August: IEBF
NEW DELHI: The Indian real estate sector has attracted nearly USD 3 billion as private equity and venture capital investments during January-August 2018, according to Indo-European Business Forum (IEBF). IBEF, at its recently held 2018 summit in London, discussed the real estate sector’s potential to reach USD 1 trillion by 2030, becoming one of the […]
Indian economy to reach USD 5 trillion size by 2022: Narendra Modi
NEW DELHI: Prime Minister of India Narendra Modi said on Thursday the size of Indian economy will double to USD 5 trillion by 2022 with manufacturing and agriculture contributing USD 1 trillion each. Speaking at the foundation laying ceremony of India International Convention and Expo Centre here, he cited this week’s announcement of merger of […]