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.

GDP growth to exceed 7.5% this fiscal: Govt

Last Updated: Monday, September 14, 2015, 14:56

The Indian economy expanded by 7 per cent in the first quarter (April-June) of current fiscal. In last fiscal, the GDP growth was 7.3 per cent.

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.

Manufacturing emerging as leader of industrial growth: FinMin

Last Updated: Friday, September 11, 2015, 22:53

With July factory output data showing significant uptick year-on-year, the Finance Ministry Friday said the manufacturing sector is slowly emerging as a leader of the industrial growth and the economy is improving steadily.

Eurozone growth not strong enough to create jobs: ECB

Last Updated: Friday, September 11, 2015, 22:30

Growth is picking up in the 19-country eurozone, but not enough to create jobs in the region, a member of the European Central Bank`s executive board said in an interview published Friday.

IIP growth improves to 4.2% in July on strong manufacturing output

Last Updated: Friday, September 11, 2015, 22:28

Driven by good performance of manufacturing and capital goods sectors, industrial production rose by 4.2 percent in July against 0.9 percent growth a year ago.

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.