Clipping RBI chief's veto not an FSLRC proposal: Member

Last Updated: Sunday, August 2, 2015, 13:05

In a new twist, an FSLRC member has said the draft bill seeking to clip RBI chief's veto in deciding interest rates does not reflect the views of the panel and it actually favoured Governor having the last word.

India aiming to be among top 30 in 'ease of doing biz': Sinha

Last Updated: Saturday, August 1, 2015, 21:32

India is aiming to be among the top 30 countries in the world in terms of ease of doing business, Minister of State for Finance Jayant Sinha has said.

Unhurried reforms making investment climate subdued: L&T

Last Updated: Friday, July 31, 2015, 20:45

With its first-quarter profits dipping by a sharp 37 percent, industrial giant Larsen and Toubro on Friday blamed "unhurried pace of reforms" and the global uncertainties for a subdued investment climate in the country.

Govt must deliver on promises for higher growth: Moody's

Last Updated: Thursday, July 30, 2015, 20:09

While pegging India's true growth potential at near 10 percent, Moody's also warned that "GDP growth is not likely to rise above 7.5 percent if the government continues to over-promise and not deliver".

Moody's expects RBI to cut rate to boost growth

Last Updated: Thursday, July 30, 2015, 17:21

With less than a week left for the RBI's next monetary policy, Moody's on Thursday said there is room for rate cut and expressed hope that the central bank would reduce it by 0.25 percent to push growth.

Modi takes the wheel as India's road building stimulus bogged down

Last Updated: Friday, July 17, 2015, 09:46

Indian Prime Minister Narendra Modi`s top civil servant hauled road builder KMC Constructions into his office last week, along with a state bank and officials, and set an October deadline to finish the Pink City Expressway linking Delhi and Jaipur.

India to grow at 7.8%; land, tax reforms delay a risk: ADB

Last Updated: Thursday, July 16, 2015, 17:33

ADB on Thursday retained India's growth projection for the current fiscal at 7.8 percent, making it the fastest growing economy, but cautioned that delay in land and taxation reforms could hinder growth.

Cabinet gives nod to foreign investment composite cap

Last Updated: Thursday, July 16, 2015, 15:11

In a bid to streamline the FDI structure, the government today introduced a composite foreign investment cap by clubbing all forms of overseas investments to define sectoral limits.

India simplifies foreign investment rules, banks to benefit

Last Updated: Thursday, July 16, 2015, 14:37

India has simplified rules for foreign investment in companies by clubbing together different categories, Finance Minister Arun Jaitley.

Disappointed with lack of progress in IMF quota reforms: EU

Last Updated: Tuesday, July 14, 2015, 00:08

European Union Monday expressed disappointment over the non-implementation of IMF quota reforms, which would give India and other major emerging economies greater say in the multilateral lender.

Eurozone to pass bailout judgment as Greece backs reforms

Last Updated: Saturday, July 11, 2015, 17:35

Greek Prime Minister Alexis Tsipras won backing from lawmakers on Saturday for painful reforms but it remained unclear it would be enough to secure a bailout from German and other eurozone ministers meeting in Brussels.

Business optimism in India slips on 'slow decision making'

Last Updated: Thursday, July 9, 2015, 18:05

India has slipped to the fourth position among 36 economies in terms of business optimism during the June quarter due to "slow progress on easing regulatory shackles and decision-making", says a report.