China announces multiple fiscal policies to boost growth

Last Updated: Wednesday, September 9, 2015, 18:35

China Wednesday announced proactive fiscal policies aimed at stabilising growth in the world's second largest economy as it grappled with industrial overcapacity, sluggish demand, struggling exports and a volatile stock market.

China plans new push to reform state firms: Reports

Last Updated: Wednesday, September 9, 2015, 18:27

China is preparing to unveil broad reforms for state-owned companies which will see some firms shut and others introduce more diversified ownership, according to media reports, in moves one analyst called a "game-changer".

China to step up fiscal incentives to boost growth

Last Updated: Wednesday, September 9, 2015, 16:39

China will adopt "stronger" fiscal policies to support growth, Beijing said as it seeks to sooth increasing fears about the world`s second-largest economy following turmoil in domestic and overseas markets.

List of tax exemptions to be phased out in few days: Arun Jaitley

Last Updated: Wednesday, September 9, 2015, 11:49

The minister also said measures to protect domestic steel sector from dumping by overseas manufacturers are being examined.

Knee-jerk reaction not answer to emerging challenges: FinMin

Last Updated: Tuesday, September 8, 2015, 23:38

The Finance Ministry Tuesday said "knee-jerk" reaction is not the answer to the current challenges being faced by India and assured that measures initiated by the government will boost growth.

Indian economy sees 'firming growth', says OECD

Last Updated: Tuesday, September 8, 2015, 20:01

Amid the global economy witnessing mixed trends, Paris-based think tank OECD on Tuesday said India is expected to see "firming growth" while the outlook for China continues to deteriorate.

Global economic situation an opportunity for India: Jaitley

Last Updated: Tuesday, September 8, 2015, 18:35

Describing India as transiently impacted by recent events in China, Finance Minister Arun Jaitley on Tuesday said the global situation instead presented an opportunity for the country as it is a net importer of commodities and oil is in free fall.

PM Modi seeks to capitalise on China's market woes

Last Updated: Tuesday, September 8, 2015, 18:07

Modi reportedly urged business leaders including Reliance Industries owner Mukesh Ambani -- India`s wealthiest man -- to take greater risks and scale up investments as concerns over China`s economy grow.

European stocks rally on eurozone data, Shanghai gains

Last Updated: Tuesday, September 8, 2015, 17:40

Europe`s main stock markets rallied Tuesday on upwardly revised eurozone economic growth data and gains in Shanghai, dealers said.

Eurozone growth revised up to 0.4% in second quarter

Last Updated: Tuesday, September 8, 2015, 17:11

The 19-nation eurozone grew by 0.4 percent in the second quarter, official data showed on Tuesday, revising upward a first estimate that triggered worry the crisis in Greece had destabilised growth in Europe.

UBS cuts India's growth forecast to 7.1% for FY16

Last Updated: Tuesday, September 8, 2015, 16:13

Swiss brokerage UBS has revised downwards India's GDP growth projection for the current fiscal to 7.1 percent, from 7.5 percent earlier, on account of weaker external demand prospects.