As per OECD's September estimates, global growth was to be 3 per cent this year and 3.6 per cent in 2016.
Companies with more than Rs 10,000 crore of debt would seek refinancing.
An American university, whose Indian students faced deportation in recent weeks, has blamed Air India and some of the deported students for the prevailing confusion on the issue.
The Delhi high court on Tuesday dismissed Aam Aadmi Party MLA and former law minister Somnath Bharti's anticipatory bail plea.
'If there is an RBI majority in the committee, there is no question of a veto.'
Mental health and life coach Anu Krishna tells you how to take charge of your life.
The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.
He said the US will apply other punitive measures if Tehran does not give up its reported goal of developing nuclear weapons.
'Amitabh Bachchan Sir said some nice and encouraging things about the trailer, the way I directed it and, of course, about Abhishek's performance.'
Some of the most common grounds on which card issuers reject credit card applications in India, along with tips on how to overcome these hurdles.
'Life has been very stressful and frustrating.'
Insisting that PM Modi has consistently cared for the farmers, Goyal said the Rs 75,000 earmarked for paying Rs 6,000 per annum to each of 12 crore farmers is not one time but a 'sustainable' provision.
You can improve your chances for high marital quality by using the power of 'thank you' as a recent study suggests that showing gratitude and believing that your partner values you, directly influences how you behave in your marriage.
The bill was taken up for consideration in the Lok Sabha after the Speaker rejected Opposition demands to refer the key reform measure to a parliamentary Standing Committee.
Godrej group Chairman Adi Godrej describes in an interview to Viveat Susan Pinto the way forward for the conglomerate after the implementation of the GST.
L&T -- which has two subsidiaries L&T Infotech and L&T Technology Services -- is keen to bring Mindtree under its fold to exponentially raise its client base and product offering.
The MSI board has recommended a dividend of Rs 75 per share of face value Rs 5 for 2016-17 entailing a total outgo of Rs 2,726 crore inclusive of taxes
With Cricket Australia repeatedly stressing on the "unrealistic" challenge of hosting the 16-team T20 World Cup in October-November, the likelihood of having the IPL has increased significantly in a year thrown haywire by the COVID-19 pandemic. The ICC recently pushed its final decision on the T20 World Cup to next month but the BCCI has already zeroed in on the September-October window for the tournament.
The idea behind advancing the Budget date is to ensure that the Finance Bill is passed before the start of the financial year, on April 1, so that all central government departments get their full allocations to work with right from the first day
RPG Enterprises Chairman Harsh Goenka thinks aloud about what Vijay Mallya could or should do to get out of the current mess.
Import duty on PVC, at 7.5%, is far lower than that prevailing in comparable economies.
'The introduction of a tax on LTCG will be a deterrent for foreign investors and could potentially result in a movement of trading activity away from India to other offshore jurisdictions such as Singapore, which offer better tax rates and sophisticated financial products.'
Incomes such as dividend, interest on tax-free bonds, eligible gifts, etc should also be reported even though they are tax exempt, suggests Sanjay Kumar Singh.
Allegations abound that traders milked the scheme to artificially keep prices down, while a significant amount of growers didn't even register owing to multiple difficulties in registration and were deprived of the payout.
Ganguly's current nine-month stint will get an extension if the BCCI dilutes the specific reform on tenure-cap as mandated by the SC-appointed Lodha Committee.
A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared.
Xi said China is ready to work with Pakistan to forge a closer China-Pakistan community of shared future in the new era.
Top India players, including Virender Sehwag and Gautam Gambhir, on Sunday, came out strongly in support of Finance Minister and former DDCA President Arun Jaitley, who has been accused of turning a blind eye to financial irregularities during his tenure by AAP.
The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
High interest costs and a weak rupee may raise overall debt, even as refinancing may not be an issue.
Suppose you have transferred money to your trading account but did not use it to buy securities, the broker could misuse this money, warns Sanjay Kumar Singh.
'The accusation that Pakistan risks losing sovereignty to China is emotive and has the potential to spread.' 'China will, however, remain intent on achieving its strategic ambitions of acquiring Gwadar port and securing a large chunk of Pakistan occupied Kashmir,' says former RA&W officer Jayadeva Ranade.
'But the world would be much poorer without economics' contribution to understanding how societies function and without economists' suggestions as to how politicians might improve them. 'And economists themselves could do wonders by simply incorporating the country-specific factors in their econometric models rather than just applying them in toto," say Soumya Kanti Ghosh and Samir K Jha.
The non-oil, non-finance sector of the economy is under severe stress.
It has once again returned to strong growth after a brief hiatus, spurred by the return of investors' confidence (and cash) in India's online food ordering sector.
In his first comments after resigning as RBI governor on December 10 last year amid sharp differences with the government, Patel said banks indulged in over-lending, while the government did not "fully play" its role, and also conceded that the regulator should have acted earlier.
