Economy

IFC to sell rupee-linked bonds of $1 bnIFC to sell rupee-linked bonds of $1 bn

IFC to sell rupee-linked bonds of $1 bn

The International Finance Corporation (IFC), the World Bank's investment arm, plans to raise $1 billion by selling rupee-linked bonds to…

10 years ago
IMF lowers India’s growth projections to 3.8 percentIMF lowers India’s growth projections to 3.8 percent

IMF lowers India’s growth projections to 3.8 percent

With the world economy entering yet another transition, the International Monetary Fund (IMF) expects India to grow at around 3.8…

10 years ago
Direct tax collection rises by 10.66 percentDirect tax collection rises by 10.66 percent

Direct tax collection rises by 10.66 percent

Gross collection from direct taxes that include personal income tax and corporate taxes, increased by 10.66 percent to Rs.3,01,250 crore…

10 years ago
Sensex rises 88 points; realty, capital goods stocks climbSensex rises 88 points; realty, capital goods stocks climb

Sensex rises 88 points; realty, capital goods stocks climb

A benchmark index of Indian equities markets rose 88 points Tuesday led by a good buying support in interest rate…

10 years ago
New banks should not be clones, but different: ChidambaramNew banks should not be clones, but different: Chidambaram

New banks should not be clones, but different: Chidambaram

The proposed new private banks, awaiting license from the Reserve Bank of India (RBI) to commence business, should not become…

10 years ago
Economy to recover from stress soon: ChidambaramEconomy to recover from stress soon: Chidambaram

Economy to recover from stress soon: Chidambaram

India's sagging economy would recover from stress in the second half of this fiscal to return to high growth over…

10 years ago
India’s forex reserves drop by $1.11 billionIndia’s forex reserves drop by $1.11 billion

India’s forex reserves drop by $1.11 billion

India's foreign exchange (forex) reserves fell by $1.11 billion to $276.26 billion for the week ended Sep 27

10 years ago
Mukherjee defends stimulus as finance ministerMukherjee defends stimulus as finance minister

Mukherjee defends stimulus as finance minister

President Pranab Mukherjee has defended the steps he took as finance minister during the global economic crisis, saying the stimulus,…

10 years ago
‘œIndian poor have benefitted from globalisation’: Rahul Bajaj‘œIndian poor have benefitted from globalisation’: Rahul Bajaj

‘œIndian poor have benefitted from globalisation’: Rahul Bajaj

Globalisation has benefitted the financially weaker sections of Indian society, chairman of Bajaj Industries and Former Member of Parliament Rahul…

10 years ago
US debt ceiling issue to hurt global economy: IMF chiefUS debt ceiling issue to hurt global economy: IMF chief

US debt ceiling issue to hurt global economy: IMF chief

The International Monetary Fund (IMF) chief warned on Thursday that if US Congress failed to raise the government's borrowing authority,…

10 years ago
Banks to offer cheap loans to prompt customer demandBanks to offer cheap loans to prompt customer demand

Banks to offer cheap loans to prompt customer demand

The government decided to improve capital infusion into the PSU banks to facilitate them to offer cheaper loans for auto…

10 years ago
Cabinet approves Jet-Etihad dealCabinet approves Jet-Etihad deal

Cabinet approves Jet-Etihad deal

The Cabinet Committee on Economic Affairs Thursday approved the agreement between Jet Airways and Abu Dhabi-based Etihad Airways for a…

10 years ago
Sensex closes 385 points up; bank stocks gainSensex closes 385 points up; bank stocks gain

Sensex closes 385 points up; bank stocks gain

A benchmark index of Indian equities markets in Thursday closed 385 points or nearly two percent, up a day after…

10 years ago
US shutdown opens new doors for IndiaUS shutdown opens new doors for India

US shutdown opens new doors for India

It could potentially prove to be good as budding markets are doing well because of this crisis.

10 years ago
US business concerns due to Indian economy’s slowdown: PMUS business concerns due to Indian economy’s slowdown: PM

US business concerns due to Indian economy’s slowdown: PM

US President Barack Obama has suggested a CEO's forum meets to discuss concerns relating to business between the two countries,

10 years ago
Current account deficit widens to $21.8 bnCurrent account deficit widens to $21.8 bn

Current account deficit widens to $21.8 bn

India's current account deficit rose to $21.8 billion or 4.9 percent of the country's gross domestic product (GDP) in the…

10 years ago
President calls for rural growth strategy to end povertyPresident calls for rural growth strategy to end poverty

President calls for rural growth strategy to end poverty

President Pranab Mukherjee on Monday called for a rural growth strategy in order to make a decisive impact on poverty…

10 years ago
Time for alternative economic policies: Rajnath SinghTime for alternative economic policies: Rajnath Singh

Time for alternative economic policies: Rajnath Singh

Blaming the Congress-led UPA government for the country's economic crisis, BJP president Rajnath Singh said the prime minister was not…

10 years ago