Goldman Sachs pegs India growth at 8% on TEE's boost

Last Updated: Monday, September 14, 2015, 19:00

India is likely to become the fastest-growing emerging market this year and its potential growth could rise to 8 percent over the next five years driven by Technology, gains in Education and Ease of doing business due to less red tape, Goldman Sachs said today.

Cooling inflation to fuel calls for lower interest rates

Last Updated: Monday, September 14, 2015, 08:10

With price pressures at record lows, expectations are building that the RBI will lower borrowing costs by at least 25 basis points (bps) at its next policy review on September 29, after three cuts earlier this year.

Policymakers need to change regulatory mindset: FM Jaitley

Last Updated: Saturday, September 12, 2015, 20:36

Finance Minister Arun Jaitley on Saturday said policymakers need to change their regulatory mindset asserting that role of state should be minimised and government monopoly must end wherever possible.

Bank of England keeps key interest rate at 0.50%

Last Updated: Thursday, September 10, 2015, 17:38

The Bank of England said Thursday it had voted to keep its interest rate at a record-low 0.50 percent, but cut economic growth forecasts and warned of global "headwinds".

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.

China capable of maintaining `high` growth: Li

Last Updated: Wednesday, September 9, 2015, 19:52

The Chinese government is capable of maintaining high economic growth, Premier Li Keqiang said on Wednesday, after fears the economy was slowing rocked global financial markets in recent weeks.

Govt sending conflicting signals on reforms: Rahul Bajaj

Last Updated: Wednesday, September 9, 2015, 19:40

Noted industrialist Rahul Bajaj Wednesday criticised the Modi government saying it was sending conflicting signals on reforms and asked BJP to extend its hand of friendship to Congress to end the deadlock in Parliament.

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.

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".

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.