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Indian Economy News

PAGE 17

‘Prepare for attack’: Chidambaram warns after IMF, Gita Gopinath give India growth numbers

Senior Congress leader P Chidambaram cautions IMF and its chief economist Gita Gopinath.

Updated on Aug 29, 2020, 12:09 PM IST

India’s growth slowdown is a drag on the world, says IMF chief economist Gita Gopinath

IMF chief economist Gita Gopinath said growth in India slowed sharply owing to stress in the non-banking financial sector and weak rural income growth.

Updated on Jan 21, 2020, 6:43 AM IST

Government against laws treating businesses with suspicion: Nirmala Sitharaman

Union finance minister Nirmala Sitharaman says the government wants to work with the industry to achieve the $5 Trillion economy target.

Updated on Jan 20, 2020, 1:49 AM IST

India needs continued structural reforms to boost growth: UN report

India’s macro economic fundamentals are strong as ever and recovery in growth is expected in the next fiscal, said the head of UN Economic and Social Commission for Asia and the Pacific.

Updated on Jan 17, 2020, 3:47 PM IST

Opposition meets today over CAA, NPR, economy: All you need to know

The Opposition unity already suffered a big blow as West Bengal Chief Minister Mamata Banerjee has opted out of the meeting. The AAP and BSP too have refused to participate in the meeting.

Updated on Jan 13, 2020, 11:40 AM IST

Rupee likely to beat most Asian currencies in 2020, says top forecaster

The worst of the country’s economic slowdown has passed and the authorities are unlikely to use currency depreciation as a measure to revive growth, said Hugo Erken of Rabobank

Updated on Jan 10, 2020, 10:13 AM IST

India’s growth projected to ‘decelerate’ to 5% in 2019-2020: World Bank

Economic activity in India slowed substantially in 2019, with the deceleration most pronounced in the manufacturing and agriculture sectors, according to the World Bank.

Updated on Jan 9, 2020, 10:12 AM IST

‘Go ahead with new energy’: PM Modi tells India Inc to invest boldly despite slowdown

Prime Minister Narendra Modi poses for a group photo with Reliance Industries chairman Mukesh Ambani, Tata Group patriarch Ratan Tata, Business tycoon Anand Mahindra and others during an interaction with leading business leaders, in New Delhi, Jan. 6, 2020.

Updated on Jan 7, 2020, 6:34 AM IST

If BJP stays in power, India won’t recover from slowdown: Chidambaram

Congress leader P Chidambaram waves at party workers as he arrives at Chennai airport

Updated on Dec 8, 2019, 12:35 AM IST

18 to 20 months before the economy recovers: Kumar Mangalam Birla at HTLS

Kumar Mangalam Birla, chairman of Aditya Birla Group, at the Hindustan Times Leadership Summit in New Delhi on Friday, December 6, 2019.

Updated on Dec 6, 2019, 12:43 PM IST

Loans worth ₹5 lakh cr, rise in income tax refunds may push up spending

The income-tax department said that it had processed 21 million refunds for the current assessment year 2019-20 as on November 28, 2019, a 20% year-on-year jump

Updated on Dec 4, 2019, 9:39 AM IST

April-October fiscal deficit stood at 102.4 % of budgeted target

This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3 per cent. (HT photo)

Updated on Nov 29, 2019, 7:56 PM IST

A blueprint to revive demand and growth in the Indian economy | Opinion

The FM would do well to speak more on this so that the investing community does not tar the central government with the same brush as the AP government

Published on Nov 28, 2019, 7:42 PM IST

HTLS 2019: Knowledge is essential to create $5-trillion economy

Prime Minister Narendra Modi’s September visit to Vladivostok for the Eastern Economic Forum, where he met Russian President Vladimir Putin, signals India’s interest in the Far East.

Updated on Nov 26, 2019, 4:14 PM IST

Centre to bring in new base year for GDP calculation in few months: Official

In January last year, the Statistics Ministry had said that it is set to change the base year of national accounts to 2017-18 from 2011-12 after completion of the household consumer expenditure survey and labour force data by the end of 2018. (HT photo)

Updated on Nov 5, 2019, 10:20 PM IST

‘Worked majorly under BJP govt’: Raghuram Rajan hits back at Nirmala Sitharaman

Former RBI Governor Raghuram Rajan reminded Finance Minister Nirmala Sitharaman that two-third of his tenure as the head of the central bank was under the BJP government.

Updated on Oct 31, 2019, 4:16 PM IST

India plans to open 100 airports at a cost of Rs 1 lakh crore by 2024: Report

File photo of Delhj’s IGI airport.

Updated on Oct 31, 2019, 12:39 PM IST

India to gain from more land reforms: World Bank chief

Prime Minister Narendra Modi with World Bank President David Malpass in New Delhi.

Updated on Oct 27, 2019, 2:19 AM IST

Biggest gold buying day ‘Dhanteras’ in India off to a disappointing start

Gold sales on the most auspicious day in India to buy the metal tumbled this year as high prices and concerns about an economic slowdown saw customers limit purchases.

Published on Oct 26, 2019, 6:09 PM IST

Govt hikes MSP for wheat and pulses, says move to ‘increase farmers’ income’

Prakash Javadekar said that the intention for the move was to increase farmers’ earnings.

Published on Oct 23, 2019, 5:03 PM IST

Manmohan Singh ‘looked the other way’ as corruption flourished, says Nirmala Sitharaman

Union finance minister Nirmala Sitharaman at Columbia University in New York, Tuesday, Oct.15, 2019.

Updated on Jul 12, 2020, 8:57 PM IST

Can’t reach $5 trillion economy goal with current growth rate: Manmohan Singh

Former Prime Minister Manmohan Singh said achieving the $5 trillion target for the economy is not possible in the current circumstances.

Updated on Oct 18, 2019, 12:03 AM IST

SBI cuts lending rates for 6th time; deposits rates down 25bps

The marginal cost of funds-based lending (MCLR) would be effective from October 10, the revision in savings bank deposits rates will be from November 1, the bank said in a statement.

Published on Oct 9, 2019, 3:36 PM IST

‘I have been working on it’, Nirmala Sitharaman’s retort to criticism

Finance Minister Nirmala Sitharaman

Updated on Sep 19, 2019, 1:26 PM IST

Centre’s steps for housing, exports will boost Indian economy: FICCI

FICCI President Sandip Somany has said that the measures put forward by the government would help the slowing economy.

Updated on Sep 15, 2019, 6:32 PM IST

‘Slowdown is a cyclic process’: Prakash Javadekar on economy

Union minister Prakash Javadekar said at a press briefing on the Narendra Modi government completing 100 days in its second term.

Updated on Jun 27, 2020, 7:20 PM IST

Finance ministry sets up task force to identify infrastructure projects worth Rs 100 trillion

Finance Minister Nirmala Sitharaman

Updated on Sep 7, 2019, 12:45 PM IST

Mamata Banerjee says Chandrayaan 2 an attempt to divert attention from ‘economic disaster’

The West Bengal chief minister also attacked the centre for its decision to abrogate the article 370 which bifurcated the state of Jammu and Kashmir.

Updated on Jun 27, 2020, 2:29 AM IST

India’s services growth lose pace in August : Survey

Earlier in the week, IHS Markit survey had showed India’s manufacturing output in August grew at the slowest pace in 15 months.

Updated on Sep 4, 2019, 4:18 PM IST

Why demand for power is surging amid India’s growth slowdown

Consumption of electricity during the April-July period grew 2.4% from a year earlier.

Updated on Sep 4, 2019, 1:33 PM IST

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