The government on Monday forecast annual economic growth to accelerate to 7.4 per cent in the fiscal year ending in March 2015
Prime Minister Manmohan Singh, who leaves office this week, was tonight given a warm farewell dinner by Congress President Sonia Gandhi which was attended by a galaxy of party leaders and Union ministers.
As per a PMO statement, Modi told the investors that "he believes in a fair, predictable and consistent tax system
ADB pegs India's GDP growth at 7.8 per cent in FY 2015-16
Apart from 40 modules of Harvard, SBI has internally developed 500 e-modules for employees.
Modi is optimistic that the reforms will be passed soon.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
Jaitley said there was a need for the banking sector to fund infrastructure and manufacturing sectors to support the ambitions of higher growth.
Does the rally reflect expectations of improving fundamentals or they are likely to correct?
A figure above 50 indicates that the sector is expanding, while a figure below that level means contraction.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
In the latter half of the year, there would be some economic recovery and return to normal business conditions.
Sensex falls at close; metals, banks perform well.
RBI governor Raghuram Rajan has slashed rated by 50 bps.
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
French bank BNP Paribas' wealth management arm said it expects the economy to expand by 4.3 per cent this fiscal and the growth to pick up and touch 5.1 per cent in FY15.
India already allows 100 per cent ownership of greenfield pharma businesses.
According to HSBC, India's current account deficit is expected to narrow from 1.1 per cent of GDP in 2014 to 0.6 per cent in 2015.
Investors with stalled projects and mounting bad debt will refinance their loans.
A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
HSBC on Monday lowered India's GDP forecast for the current financial year to 4 per cent from 5.5 per cent earlier saying economic uncertainty is likely to weigh on the growth forecast in the coming months.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
If you are not already lost in the zeros this wealth stands at Rs 257 lakh crore or Rs 257 trillion, according to a report unveiled by Karvy Private Wealth for the year 2014.
Around 75 per cent of total returns are expected to be e-filed in current year.
If companies get into trouble, the loan becomes a non-performing asset and "we very much want these assets to be back on track," Raghuram Rajan said.
In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Finance Minister Arun Jaitley hints at a world class tax regime.
Lagarde had said an Indian could head IMF.
The recent rupee depreciation and capital outflows could adversely impact the country's economy.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
Weakness of dollar in the overseas market also boosted the rupee value.
A moderate recovery in Indian factories, exports and investments were probably the main drivers for an increase in overall growth in the quarter through March.
'There are two pre-conditions for big reforms. One, a sense of crisis and second, fairly concentrated levers of power.' 'India is growing at 7.5 per cent or something close to that.' 'Our levers of power are decentralised, not just between the Centre and states. Power is dispersed and there is no sense of crisis.'
BSE proposes two models for making gold trading and investment transparent
Banking services across the country were hit on Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.
Unions, which are protesting against FDI in the banking sector, are pressing for various demands.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
'Will 'Make in India' be able to harness the demographic dividend so it does not become a disaster?' 'Will 'Digital India' live up to the lofty promises the government and private sector made as part of its recent launch?'
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