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Q3 GDP growth rate reaches 4.7% from 4.5%, major growth in agriculture sector

Q3 GDP growth rate reaches 4.7% from 4.5%, major growth in agricu...

Fri, Feb 28, 2020

According to official data released by the government on Friday evening, India's gross domestic product (GDP) reaches 4.7 percent in the third quarter (October-December) of 2019-20.

FM: 'There is no relief in Income Tax for Now'

FM: 'There is no relief in Income Tax for Now'

Tue, Dec 03, 2019

The government will not provide any relief in Income tax, they will deduct it on right time.

India's GDP growth slip to 4.5% from 7%

India's GDP growth slip to 4.5% from 7%

Fri, Nov 29, 2019

India's GDP growth slipped to 4.5%. Watch this video to know more.

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Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Wed, Dec 21, 2016

"Achieving the inflation target ... remains the primary objective," RBI Governor Urjit Patel said in the minutes.

China's November home prices show govt curbs starting to cool sharp rally

China's November home prices show govt curbs starting to cool sharp rally

Mon, Dec 19, 2016

China`s home prices slowed further last month as a raft of curbs cooled a furious price rally, but a supply shortage in parts of the nation and sizable inventories elsewhere underscored the challenges facing policymakers as they try to stabilise a polarised market.

Australia's budget drips with red ink, top credit rating at risk

Australia's budget drips with red ink, top credit rating at risk

Mon, Dec 19, 2016

Australia`s conservative government on Monday forecast a Australian dollar 10 billion deterioration in its budget deficit over the next four years but still hoped to snatch a surplus by 2021 and forestall a damaging downgrade of its top credit rating.

China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers

China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers

Mon, Dec 19, 2016

China`s economy will grow around 6.5% in 2017, while the yuan will continue to fall, government researchers said in Beijing on Monday.

India's demonetisation drive drags down Nepal's economy

India's demonetisation drive drags down Nepal's economy

Thu, Dec 15, 2016

India`s scrapping of high-value bank notes last month has dragged down economic growth in neighbouring Nepal with trade, remittances and tourist numbers all down, BMI Research, a group company of the Fitch rating agency, said on Wednesday.

US Fed set to hike rates, policy outlook now hinges on Trump presidency

US Fed set to hike rates, policy outlook now hinges on Trump presidency

Wed, Dec 14, 2016

Trump has not yet taken office, and any proposals would have to clear a Republican-controlled Congress that may be stricter about increasing public debt than Trump. In recent public appearances some Fed officials have said they see a chance Trump`s policies may force them to speed the pace of rate increases, yet also said they are hesitant to change their outlook before he shares more details.

Headed Home: Workers abandon building sites after cash crackdown

Headed Home: Workers abandon building sites after cash crackdown

Mon, Dec 12, 2016

Hundreds of thousands of construction workers have returned home since Prime Minister Narendra Modi abolished high-denomination banknotes, leaving some building sites across the country facing costly delays.

GST Council meeting commences in the shadow of demonetisation

GST Council meeting commences in the shadow of demonetisation

Sun, Dec 11, 2016

The sixth meeting of the Goods and Services Tax (GST) Council commenced in New Delhi on Sunday in the shadow of demonetisation, whose fallout has put a serious question mark on implementing GST by the central government`s targeted deadline of April 1, next year.

Australia's economy slows 0.5% in September quarter as government spending falls

Australia's economy slows 0.5% in September quarter as government spending falls

Wed, Dec 07, 2016

Australia`s economy contracted for just the fourth quarter in 25 years, official data showed on Wednesday, slowing the annual growth rate to 1.8% amid weaker government and consumer spending on top of softer trade figures.

Demonetisation will push India's GDP growth: Piyush Goyal

Demonetisation will push India's GDP growth: Piyush Goyal

Sun, Dec 04, 2016

Notwithstanding economists` prediction that demonetisation would hit the country`s Gross Domestic Product (GDP) growth, Union Minister Piyush Goyal on Saturday said when informal economy goes into the formal mode with the banning of high-value currency, this will add to the GDP.

Govt must up public expenditure to push consumption: Assocham

Govt must up public expenditure to push consumption: Assocham

Sun, Dec 04, 2016

Arguing that private consumption will take a "significant hit" at least in the next two quarters following demonetisation, Assocham on Sunday said the government should jack up its public expenditure in 2016-17.

Demonetisation will push GDP growth to 10%: Arjun Ram Meghwal

Demonetisation will push GDP growth to 10%: Arjun Ram Meghwal

Sun, Dec 04, 2016

Demonetisation will lead to a spurt in economic activity, which will in turn push gross domestic product (GDP) growth to 10%, Union minister Arjun Ram Meghwal has said.

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

Sat, Dec 03, 2016

Dispelling rumours that Finance Minister Arun Jaitley was unaware of demonetisation, Power Minister Piyush Goyal on Saturday said he knew it and kept it as secret despite being "very friendly and open".

Consumers, exports give US economy muscle in the third-quarter

Consumers, exports give US economy muscle in the third-quarter

Wed, Nov 30, 2016

The US economy grew faster than initially estimated in the third quarter (Q3), notching its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports.

Rupee gains 9 paise against dollar in early trade

Rupee gains 9 paise against dollar in early trade

Wed, Nov 30, 2016

The rupee firmed up 9 paise to 68.56 against the dollar in early trade on Wednesday, rising for the second straight day on increased selling of the US currency by exporters and banks.

Chilled by demonetisation, India to take cold comfort from strong GDP

Chilled by demonetisation, India to take cold comfort from strong GDP

Wed, Nov 30, 2016

India can ill-afford to take much pride in having the world`s fastest growing large economy when it releases September quarter data on Wednesday, with businesses, farmers and families all suffering after the government`s sudden demonetisation drive.

Notes Ban: Fitch cuts India's FY17 growth forecast to 6.9%

Notes Ban: Fitch cuts India's FY17 growth forecast to 6.9%

Tue, Nov 29, 2016

Fitch Ratings on Tuesday lowered India's gross domestic product (GDP) growth forecast for the current fiscal to 6.9% from 7.4%, saying there will be "temporary disruptions" to economic activity post demonetisation.

RBI may front-load rate cut to December to support growth: DBS

RBI may front-load rate cut to December to support growth: DBS

Tue, Nov 29, 2016

While global uncertainties and rupee volatility suggest first quarter (Q1) of 2017 is a better time to ease rates, the Reserve Bank of India (RBI) may bring forward the rate cut to December to support growth and tap favourable inflation outlook, says a DBS report.

India's GDP growth likely picked up in July-Sept but demonetisation to dent future growth: Reuters poll

India's GDP growth likely picked up in July-Sept but demonetisation to dent future growth: Reuters poll

Tue, Nov 29, 2016

India's economy probably picked up steam in the July-September quarter on strong demand, but Prime Minister Narendra Modi`s surprise currency crackdown this month will likely dent growth in coming months, a Reuters poll found.

Indian economy grew 7.1% in April to Sept period of FY17: Sitharaman

Indian economy grew 7.1% in April to Sept period of FY17: Sitharaman

Mon, Nov 28, 2016

India's economy grew at 7.1% in the first six months of the current financial year 2016-17 (FY17) despite subdued growth in the world economy, Union Minister Nirmala Sitharaman said on Monday.

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