'Challenges for PSU banks remain despite uptick in economy'

Last Updated: Monday, July 6, 2015, 10:22

Fitch Ratings' on Monday said challenges for state-owned banks remain despite improving macro picture.

Govt can borrow more to revive investment cycle: Report

Last Updated: Thursday, July 2, 2015, 20:06

The government can borrow more to revive investment cycle even at the cost of marginally slipping from the projected fiscal deficit, as that will lead to higher-than-expected growth in the medium-term, says a report.

Economy picking up, need more reforms for strong growth: Rajan

Last Updated: Thursday, July 2, 2015, 15:39

Rajan, known for critical analysis of macroeconomic trends, however said that subdued exports, primarily on account of global factors, remain an area of concern.

Government close to appointing new heads of state-run banks: Rajan

Last Updated: Thursday, July 2, 2015, 14:52

Reserve Bank of India Governor Raghuram Rajan said on Thursday the government would soon appoint heads of state-run banks given the importance of acting quickly.

Fitch lowers India's FY`16 economic growth projections to 7.8%

Last Updated: Thursday, July 2, 2015, 08:06

Global rating agency Fitch has lowered India's economic growth projections to 7.8 percent for the current fiscal from 8 percent on pick up in demand.

India aims 8-10% growth, current rate not satisfactory: Jaitley

Last Updated: Wednesday, July 1, 2015, 19:17

Pitching for a higher growth of 8 to 10 percent to eradicate poverty, Finance Minister Arun Jaitley on Wednesday said the country is no more satisfied with the current rate.

Manufacturing growth slackens as order flow turns weak: HSBC

Last Updated: Wednesday, July 1, 2015, 11:42

Indicating a slowdown in India's economic upturn, the country's manufacturing sector growth slackened in June as the new order flow hit its lowest level in 10 weeks, an HSBC survey showed on Wednesday.

India Inc pats Modi for restoring government credibility

Last Updated: Wednesday, July 1, 2015, 11:35

India Inc has lauded Prime Minister Narendra Modi for restoring the government`s credibility by taking steps towards transparency in its functioning.

India to grow at 7.8% in 2015, surpass China: Fitch

Last Updated: Tuesday, June 30, 2015, 21:58

Among the BRICS grouping, GDP growth will range from 7.8 per cent in India to a contraction of 3 per cent in Russia and 1.5 per cent in Brazil this year, said the Global Economic Outlook released by the Fitch Ratings.

Disappointment creeping in over Modi govt reform pace: Moody's

Last Updated: Tuesday, June 30, 2015, 11:17

Flagging subdued rural economy as a 'credit negative' for India's sovereign rating, global giant Moody's on Tuesday said there are growing concerns about risk of policy stagnation and "some disappointment" has emerged over the pace of reforms under the Modi government.

GDP to grow 8% in FY16; hit $3 trn mark in 5 years: Panagariya

Last Updated: Monday, June 29, 2015, 18:40

India's growth rate is expected to accelerate to 8 percent in the current financial year and the economy will surpass USD 3 trillion mark in less than five years, NITI Aayog Vice Chairman Arvind Panagariya said on Monday.

Investment in India increasing, says PM Modi

Last Updated: Saturday, June 27, 2015, 10:40

Prime Minister Narendra Modi on Saturday said that investment in the country is increasing and the world is coming to explore the opportunities India has to offer.