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.

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.

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.

PM Modi seeks to capitalise on China's market woes

Last Updated: Tuesday, September 8, 2015, 18:07

Modi reportedly urged business leaders including Reliance Industries owner Mukesh Ambani -- India`s wealthiest man -- to take greater risks and scale up investments as concerns over China`s economy grow.

UBS cuts India's growth forecast to 7.1% for FY16

Last Updated: Tuesday, September 8, 2015, 16:13

Swiss brokerage UBS has revised downwards India's GDP growth projection for the current fiscal to 7.1 percent, from 7.5 percent earlier, on account of weaker external demand prospects.

PM Modi asks industry to risk and invest more; promises to improve ease of doing business

Last Updated: Tuesday, September 8, 2015, 14:02

Several industry leaders meanwhile pitched for interest rate cut saying it would help them take risks and scale up investments.

PM Modi asks India Inc if China's pain can be India's gain

Last Updated: Tuesday, September 8, 2015, 13:29

The International Monetary Fund considers India`s economy a rare bright spot among emerging markets and Modi sees a chance to attract more foreign investment as money flows out of China.

Congress should allow GST passage for accelerating growth: Naidu

Last Updated: Saturday, September 5, 2015, 20:38

Racing against time to ensure passage of GST Bill in Parliament, government on Saturday said it wants an extended Monoson session so that the Constitutional amendment bill can be approved and appealed to Congress to support the key reform to accelerate the country's growth.