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Economy
GDP growth to exceed 7.5% this fiscal: Govt
The Indian economy expanded by 7 per cent in the first quarter (April-June) of current fiscal. In last fiscal, the GDP growth was 7.3 per cent.
Latest News
India pitches for rating upgrade by S&P on strong macro data
India on Monday pitched for rating upgrade by Standard and Poor's citing strong macroeconomic indicators, low inflation and improvement in fiscal as well as current account deficits.
Easy exits to release Rs 4,000 cr to road developers: Ind-Ra
Easy exit options for completed road projects will release Rs 4,000 crore to developers, which can be ploughed back in infrastructure projects or used to retire debt, India Ratings and Research (Ind-Ra) said on Monday.
Indian healthcare to grow to $280 bn by 2020: Report
The sector, which was at USD 73.92 billion in 2011, is expected to grow at a CAGR of 16 percent to USD 280 billion in 2020, it said.
Hope RBI takes note of low inflation, oil prices: FM Jaitley
In a scenario where inflation is under control, the quantum of interest rate cut is "the prerogative of the RBI", he said.
Petrol, diesel prices may be slashed today
The oil marketing companies had revised the prices on August 15. Petrol was made cheaper by Rs 1.27 and diesel by Rs 1.17 per litre in the NCR.
Indian economy offers hope as China struggles
The median estimate from a Reuters poll of economists put GDP annual growth at 7.4 percent in the quarter, just below 7.5 percent in January-March.
Govt mulls 2-kg LPG cylinders; starts e-booking for connections
After providing LPG in easy-to- carry 5-kg cylinders, the government is planning to launch 2-kg bottles at local kirana stores even as it introduced online booking of new connections for subsidised cooking fuel.
Black money: Swiss banks ask Indians to utilise 'compliance window'
Spooked by the new black money law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.
India should take advantage of China slowdown: USIBC chief
"What we are hearing from our companies that India story is strong. The slowdown in China is making India story much much stronger," Mukesh Aghi, president of the US India Business Council (USIBC) said.
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