Govt working on income tax rate cuts among other measures to put economy on track: Sitharaman
New Delhi/IBNS: The government is set to introduce more measures, including rationalisation of personal income tax to revive the economy, Finance Minister Nirmala Sitharaman said on Saturday, media reported
Union Cabinet approves Bharat Bond, country's first bond exchange-traded fund
New Delhi/IBNS: The Union Cabinet on Wednesday approved the first exchange-traded fund bond, called Bharat Bond, aimed at strengthening country's bond market and encouraging retail participation, the Finance Minister said on Wednesday.
Economy, society in a worrisome state, small changes not enough : Manmohan Singh
New Delhi/UNI/IBNS: Former Prime Minister Dr Manmohan Singh on Friday expressed deep concern over the state of economy saying it is a reflection of the state of society. He made the comment on a day when hinting that the country's economy might be witnessing a slowdown, India's second-quarter GDP stood at 4.5 percent, the lowest in six years.
Growth rate slowdown in India itself a big problem : Rangarajan
Hyderabad/UNI: Reserve Bank of India former Governor C Rangarajan on Friday said though there is no recission, the growth rate slowdown in India is itself a ‘big problem.
There won't be any recession ever: Nirmala Sitharaman
New Delhi/IBNS: Countering opposition claims, Union Finance Minister Nirmala Sitaraman on Wednesday addressed the Parliament and said the country's growth may have dimmed a bit but there will not be any 'receission' ever.
India's wholesale price inflation eases to 0.33% in September
New Delhi: India's wholesale price inflation stood at o.33 percent in September, revealed government data released on Monday.
World Bank slashes India's growth forecast to 6 percent
New Delhi: The World Bank on Sunday reduced the growth forecast for India in the current fiscal year to 6 percent.
Indian economy exposed to risks as private consumption declines: RBI Report
Mumbai:The Reserve Bank of India in its Oct 2019 Monetary Policy report has said that the sagging private consumption poses risks to the Indian economy in future.
Indian economy to grow 6.5% in FY2019, 7.2% in FY2020: ADB
Tokyo: The Asian Development Bank (ADB) has revised its outlook for India’s economy, with growth now expected at 6.5% in fiscal year (FY) 2019, following weaker expansion in the first quarter of the year with slower growth in consumption and investment affecting the manufacturing and service sectors.
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Nirmala Sitharaman announces measures to boost housing, export sector
New Delhi, Sept 14 (IBNS/UNI): Ahead of the festive season, Union Finance Minister Nirmala Sitharaman on Saturday announced a series of measures to boost the housing and export sector in the country.
There is a clear sign of revival of Industrial production: Nirmala Sitharaman
New Delhi, Sept 14 (IBNS): Union Finance Minister Nirmala Sitharaman on Saturday announced several measures to boost exports and said there is a clear sign of revival of industrial production.
India's eight-core industries growth slows down to 2.1 percent in July
New Delhi, Sept 2 (IBNS): Growth of India's eight core industries moved down to 2.1 percent in July, official data released on Monday said.
GDP growth sees sharp drop to 5 percent
New Delhi, Aug 30 (IBNS): India's Gross Domestic Product (GDP) growth for the first quarter of the financial year 2019-20 dropped to touch a figure of five percent, government figures unveiled on Friday said.
Nirmala Sitharaman announces major state-run bank mergers
New Delhi, Aug 30 (IBNS): Union Finance Minister Nirmala Sitharaman on Friday said Punjab National Bank, Oriental Bank of Commerce and United Bank will be brought together to form the second-largest public sector bank of the country.