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Indian economy on ‘very solid track’: IMF chief

Indian economy on ‘very solid track’: IMF chief

Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde said the Indian economy is on a “very solid…

India has high growth potential for next two decades: Jaitley

India has high growth potential for next two decades: Jaitley

India has the potential to grow at a reasonably high level in the next decade or two, owing to some structural changes by the government and a turnaround in the…

Working on plan to rebuild capacity of banking sector: Jaitley

Working on plan to rebuild capacity of banking sector: Jaitley

Finance Minister Arun Jaitley has said the Indian government is working on a plan to rebuild the capacity of the banking sector so that it could support growth. Jaitley, who…

India has capacity to implement bold decisions: Jaitley

India has capacity to implement bold decisions: Jaitley

India can become a much cleaner and bigger economy among the emerging economies as it has the capacity to implement bold decisions and scale them up efficiently, Finance Minister Arun…

China’s forex reserves climbs to USD 3.1 trillion

China’s forex reserves climbs to USD 3.1 trillion

China’s forex reserves, the highest in the world, rose for the eighth month in a row to over USD 3.1 trillion in September as pressure from capital outflow eased, according…

Richard Thaler wins Nobel Prize in Economics

Richard Thaler wins Nobel Prize in Economics

The 2017 Nobel Prize in Economics has been awarded to the U.S academic, Richard Thaler of the University of Chicago, for his contribution to behavioural economics. The Royal Swedish Academy…

Pradhan slams Kerala govt for not cutting taxes on petrol

Pradhan slams Kerala govt for not cutting taxes on petrol

Oil Minister Dharmendra Pradhan has sought to put the Kerala government on the mat, alleging that the state is not willing to reduce taxes on petroleum products to help lighten…

Govt to reduce number of PSBs to 10-15: Finance Ministry

Govt to reduce number of PSBs to 10-15: Finance Ministry

The finance ministry is mulling reducing the number of public-sector banks (PSBs) in India by merging some of the banks, the finance ministry’s principal economic advisor Sanjeev Sanyal said. He…

GST relief for SMEs, exporters

GST relief for SMEs, exporters

Three months after the rollout of the new indirect tax regime, the GST Council on Friday made sweeping changes to give relief to small and medium businesses on filing and…

Now, Aadhaar a must for post office deposits, PPF, KVP

Now, Aadhaar a must for post office deposits, PPF, KVP

The government has made biometric identification Aadhaar mandatory for all post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra. Existing depositors have been given time till…