Time is ripe for up to 1% rate cut by RBI: Arvind Panagariya

Last Updated: Thursday, September 10, 2015, 15:17

Pitching for rate cut by the Reserve Bank, NITI Aayog Vice-Chairman Arvind Panagariya on Thursday said that "time is ripe" for 0.5 percent to 1 percent reduction in benchmark lending rates.

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Last Updated: Wednesday, September 9, 2015, 19:18

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

India remains attractive investment destination: CEA

Last Updated: Tuesday, September 8, 2015, 23:33

Amid the global financial turmoil, Indian economy will grow at the highest rate and also remain an attractive investment destination, Chief Economic Advisor Arvind Subramanian said Tuesday.

GM expects India business to be profitable in five years

Last Updated: Wednesday, September 2, 2015, 18:25

General Motors Co expects to be profitable in India in five years as it cuts costs and works towards increasing locally produced content for its cars, the automaker`s country chief told Reuters.

India's 2015-16 GDP growth still seen at around 8%: Subramanian

Last Updated: Wednesday, September 2, 2015, 14:11

The Indian economy is still expected to grow around 8 percent in the fiscal year to March 2016, said the chief economic adviser at the finance ministry on Tuesday.

Chinese slowdown opportunity for India: CEA

Last Updated: Monday, August 31, 2015, 23:15

The slowdown in China is a historic opportunity to relaunch growth in India, Chief Economic Adviser Arvind Subramanian said Monday.

India pitches for rating upgrade by S&P on strong macro data

Last Updated: Monday, August 31, 2015, 15:22

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.

NITI Aayog to bring out integrated energy policy: Panagariya

Last Updated: Thursday, August 27, 2015, 20:46

NITI Aayog will bring out a new integrated energy policy -- as was introduced by its predecessor the erstwhile Planning Commission -- which called for decontrolling of energy prices.

Yuan devaluation to have temporary impact on rupee: CEA

Last Updated: Friday, August 14, 2015, 21:34

The Finance Ministry on Friday said the devaluation of Chinese currency will only have a temporary impact on the rupee as India has adequate foreign exchange reserves.

World economies must take note of yuan devaluation: CEA

Last Updated: Wednesday, August 12, 2015, 13:14

World economies, including India, will have to take note of Chinese currency devaluation designed to avert slowdown in its economy and exports, Chief Economic Advisor Arvind Subramanian said Wednesday.

GDP numbers not flawed, CSO on right track: NSC

Last Updated: Tuesday, August 11, 2015, 14:10

Clearing the air over the new GDP numbers, National Statistical Commission (NSC) chairman Pronab Sen on Tuesday said that Central Statistics Office (CSO) is following the correct methodology for computing national accounts and is on the right track.

Land acquisition a difficult task in India: Panagariya

Last Updated: Saturday, August 1, 2015, 14:48

Terming land acquisition as one of the "difficult acts" in India, NITI Aayog Vice Chairman Arvind Panagariya on Saturday said it can easily take up to 5 years for acquiring land for a large project including building of cities.