Additional $60 billion forex needed to fight volatilities: HSBC

Last Updated: Friday, June 26, 2015, 16:19

As India's forex kitty is growing steadily, foreign brokerage HSBC on Friday said the country needs at least USD 60 billion more in reserves to fight a sustained period of global volatilities.

Rajan says economy in better shape, but flags volatility

Last Updated: Thursday, June 25, 2015, 19:13

Raghuram Rajan has said macroeconomic fundamentals of the country have improved over the past two years and emerging market economies like India are better.

Legislative process long and tedious, but no more derailed: Parekh

Last Updated: Thursday, June 25, 2015, 17:37

Confident about India's growth prospects, eminent banker Deepak Parekh on Thursday said legislative process here is "unduly long and tedious, but no longer derailed" and there are ample long-term investors who believe India's best is yet to come.

EPFO to start investing in stock markets from next month

Last Updated: Thursday, June 25, 2015, 16:43

Retirement fund body EPFO will start investing in stock markets from next month as part of its plan to put in as much as Rs 5,000 crore in exchange traded funds (ETFs) by the end of this fiscal.

State-run pension fund to start buying shares as Modi pushes reform

Last Updated: Thursday, June 25, 2015, 12:38

India`s state social security fund, undeterred by resistance from trade unions, will start investing in equity markets next month, the labour minister said, as part of a reform drive aimed at boosting the economy.

India to be among top 3 economies globally by 2030: Report

Last Updated: Wednesday, June 24, 2015, 16:52

Emerging markets are expected to grow faster than developed economies, and India is likely to become the third largest economy by 2030 in the world after China and the United States, says a report.

India story is on a firm footing: Arun Jaitley

Last Updated: Wednesday, June 24, 2015, 16:44

Dispelling any notion of waiting and watching by the long-term investors, Finance Minister Arun Jaitley said here on Wednesday that the India story is on a firm footing and whatever outstanding issues are there are under the government`s active consideration.

Economic recovery more statistical than real: Yashwant Sinha

Last Updated: Wednesday, June 24, 2015, 15:01

Questioning NDA government's claims of economic recovery since it came to power, senior BJP leader Yashwant Sinha has said that growth is up "only statistically" and there are serious issues which still need to be addressed.

Monsoon improves prospects for agri, economy: FM Jaitley

Last Updated: Tuesday, June 23, 2015, 18:54

After slow progress, the southwest monsoon has advanced rapidly in India.

India a bright spot in troubled global economy: FM Jaitley

Last Updated: Sunday, June 21, 2015, 09:26

"In otherwise troubled time of the global economy, India clearly is a bright spot. As a bright spot, our growth rates are improving. Fiscal discipline is under control," he said.

Path to 10% growth not impossible: FM Jaitley

Last Updated: Saturday, June 20, 2015, 10:08

Goods and Services Tax (GST) has the potential to add at least one percent to the GDP of India, Jaitley said adding that last year, India grew by 7.3 percent in terms of GDP.

Policy instability deterred investment in India: Jaitley

Last Updated: Friday, June 19, 2015, 23:45

India has the potential to grow at 8-9 percent or even more in the next one to two years and global investors cannot ignore such an economy, Finance Minister Arun Jaitley said on Friday while blaming policy instability for deterring investment in the past.