RBI need not react to bond yields, MSP for interest rate review: ASSOCHAM
New Delhi, Feb 4 (IBNS): The Reserve Bank of India should not over-react to the high yield pressures of the bond market, along with the government promising a substantial revision in the Minimum Support Price for farmers and refrain from going in for any hike in the benchmark policy lending rates when the Monetary Policy Committee meets on February 7, the ASSOCHAM has said.
CPI-W for December decreases by 2 points
New Delhi, Feb 2 (IBNS): The All-India CPI-IW for December, 2017 dropped by 2 points to touch 286, official government records released on Friday said.
WPI inflation eases to 3.58% in December
New Delhi, Jan 15 (IBNS): India's wholesale price inflation eased to 3.5 percent in December, official data released by the government on Monday said.
Stocks may witness global, domestic headwinds in 2018: ASSOCHAM study
New Delhi, Jan 15 (IBNS): The year 2017 may have gone as the golden period for Indian stock market, in sync with the major economies of the world, global headwinds like tightening of monetary stance by major central banks and increasing crude oil prices , coupled with domestic concerns like firming inflation could halt the underlying bull run in 2018 and bring in lot more volatility going forward, an ASSOCHAM Paper has indicated.
World Bank projects 7.3 percent growth rate for India in 2018
New Delhi, Jan 10 (IBNS): Giving positive news to people in the country, the World Bank has projected India'a growth rate to 7.3 per cent in 2018.
Economy may reach 7% growth in 2018; tilt towards farm sector in new year: ASSOCHAM Outlook
New Delhi, Dec 25 (IBNS): After ”disruptions" like lingering demonetisation effect and GST roll-out, the IndiaDn economy may reach a 7 per cent growth in 2018 with government policies tilting towards the stress-ridden rural landscape in the penultimate year before the Lok Sabha elections, the ASSOCHAM Year-Ahead Outlook (AYAO) pointed out.
Cut corporate tax; raise exemption limits for salaried employees: ASSOCHAM to FM
New Delhi, Dec 8 (IBNS): Making out a strong case for slashing of corporate tax to 25 per cent, the ASSOCHAM President Sandeep Jajodia said in his presentation before Finance Minister Arun Jaitley tax exemption limits for senior citizens and salaried employees should be also raised substantially for a demand push to the economy.
India's GDP grows 6.3 pct in Q2
New Delhi, Nov 30 (IBNS): India's GDP growth for the second quarter of the current fiscal that ended on Sept 30 moved up to 6.3 percent, government data released on Thursday said.
Growth of eight core sector industries remains at 4.7 pct in October, says govt data
New Delhi, Nov 30 (IBNS): Growth of India's eight core sector industries remained at 4.7 percent in October from a year ago, as per official data released on Thursday.
GST implementation caused ‘temporary slowdown’: ASSOCHAM-EY study
New Delhi, Nov 13 (IBNS): After its launch in July 2017, there has been a temporary slowdown post implementation of Goods and Services Tax (GST) even though Government of India has ideated and implemented a number of initiatives to improve business conduciveness, noted a recent ASSOCHAM-EY joint study.
Agriculture and industry shall be looked at as two eyes of our economy: Vice President
New Delhi, Oct 28 (IBNS): Vice President of India M. Venkaiah Naidu has said that Agriculture and industry shall be looked at as the two eyes of our economy.
Fundamentals of the Indian economy is strong: Jaitley
Mumbai, Oct 24 (IBNS): Union Finance Minister Arun Jaitley on Tuesday said the fundamentals of the Indian economy is strong.
Economy needs to grow at 7 per cent in the next three quarters: Dr C. Rangarajan
New Delhi, Sept 22 (IBNS): To get 6.5 per cent for the year as a whole, the economy needs to grow at 7 per cent in the next three quarters, probably rate of growth will be around 6.5 per cent, said Dr C. Rangarajan, Former Chairman-Economic Advisory Council to the Prime Minister of India & Former Governor, RBI at an ASSOCHAM event held in New Delhi today.
CPI moves up to 2.36 percent in July
New Delhi, Aug 14 (IBNS): India's annual consumer price inflation moved up to 2.36 percent in July, official data released on Monday revealed.
External rupee value far greater than internal; mismatch hurting exporters: ASSOCHAM
New Delhi, Aug 7 (IBNS): Declining by close to six per cent over the last one year, rupee is now trading at 63.63-70 against 66.93 to a dollar in August, 2016.