Economy

Demonetisation was against corrupt not elite, says Niti Aayog VC Rajiv Kumar

Prime Minister Narendra Modi on November 8, 2016, had announced demonetisation of Rs 1,000 and Rs 500 notes in a major assault on black money, fake currency and corruption.

Each house electrified! These 14 states now have 100% household electrification, and West Bengal tops list

Under ambitious Saubhagya Yojana, the Narendra Modi government has now achieved 100% household electrification in 14 states.

Removing Blood Diamond: What is Kimberley Process that India will chair? All you need to know

Kimberley Process imposes some extensive requirements on its members for controlling rough diamonds trade as well as production.

Farm distress: Why PM Narendra Modi should focus more on rural economy

With less than six months to go for the general elections, Prime Minister Narendra Modi is faced with farmers' protests. More than a lakh farmers have gathered in Delhi demanding a special session of

RBI’s excess capital should be used to recapitalise banks, says Arvind Subramanian

However, he adds that deploying capital is a decision for the RBI to take which it must do "voluntarily and proactively without even the whiff of interference from outside".

Commerce Minister Suresh Prabhu met several sovereign wealth funds to attract investments

ADIA has shown interest in setting up an India desk, and the ministry is facilitating this initiative.

US President Donald Trump says very close to China trade deal

The US is very close to a trade deal with China, President Donald Trump has said, but remained noncommittal to its final outcome ahead of his meeting with Chinese counterpart Xi Jinping in Argentina o

‘42% SMEs in India find accessing finance difficult’

For small and medium enterprises (SMEs), accessing finance is the most difficult part and most of them rely on traditional bank loans to run their businesses.

‘Saubhagya not sole reason for high AT&C losses’

The electrification of new households under the Central government’s Saubhagya scheme is not the only cause for a few major states recently reporting high aggregate technical and commercial (AT&C) l

RBI eases norms for NBFCs to securitise loan books

The Reserve Bank of India (RBI) Thursday relaxed norms for NBFCs to securitise their loan books, a move likely to ease the stress in the sector facing a crisis of confidence.

This FinMin adviser praises UPA regime; says economic growth ‘pretty decent’ despite macro instability

This reflects that the structure of the economy changes from time to time.

Three democracies, three continents – IBSA Fund turns 15, promotes South-South cooperation

The value of the Fund is that it demonstrates a common desire to achieve 2030 Agenda and the spirit of partnership that is now embedded in Sustainable Development Goals (SDGs) 17.

India’s Q2 GDP data to be released today; economic growth expected to take massive hit, shows poll

India's growth is likely to soften in the September quarter, given the dismal consumption and investment trends following a liquidity squeeze in the shadow banking sector

RBI’s regulatory failure created IL&FS mess, says Arvind Subramanian

Terming the IL&FS crisis as a regulatory failure, former chief economic advisor to finance minister Arvind Subramanian has said the Reserve Bank should be held responsible for the crisis at one of the

Festival season fails to revive animal spirits; India’s economic growth outlook in 5 charts

A banking liquidity crunch and weak business sentiment before state elections this year outweighed signs of a revival in consumer demand during India’s main festival season.

3 lakh jobs created in these 4 petrochemical regions; whopping Rs 1.83 lakh crore investment

Once completed, these regions - right now in advanced stages of implementation - are expected to attract a total investment of nearly Rs 8 lakh crore and provide jobs to about 40 lakh people.

Emerging cities could attract $29 trillion in climate-cash, says World Bank

Cities in emerging markets could attract $29 trillion in climate-related investments like green buildings and electric vehicles over the next decade, the World Bank's International Finance Corporation

GDP back series: NITI Aayog’s role raises eyebrows over data revision

With eyebrows being raised over the involvement of the Niti Aayog in releasing revised GDP data for the UPA era, some in the government feel the controversy could have been totally avoided by keeping

Try harder: Here’s what NITI Aayog’s Rajiv Kumar says India must do for over 8% GDP growth

India will have to undertake more reforms and try harder to grow at over 8 per cent, Niti Aayog Vice-Chairman Rajiv Kumar said Thursday.

Use of drones, AI will change the face of agriculture sector, says Devendra Fadnavis

Adoption of drone technology along with artificial intelligence (AI) will change the face of the irrigation and agriculture sectors in the long-run, Maharashtra chief minister Devendra Fadnavis said T

Measuring India growth becomes a political statement; GDP back series data blurs economic future

The growth of India’s GDP now depends crucially on which party was in power when the activity occurred – and under which party it was measured.

S&P flags credit-boom risks in China amid trade war

Standard & Poor's on Thursday expressed concern that China's sovereign rating could face pressure if policymakers revert to rapid credit growth to shield the economy from the impact of a trade war wit

Arun Jaitley wants to replicate GST Council experiment in healthcare, farm sectors

Finance Minister Arun Jaitley Thursday made a case for developing a federal institution like GST Council in the healthcare and farm sector.

RBI vs Govt: Easing relations or an approaching stalemate?

With the MSME liquidity concerns addressed, it leaves almost no room for the government to shift the blame of a stressed economy on the shoulders of the RBI.

Challenge accepted, Rajiv Kumar tells P Chidambaram amid GDP back series data row; here’s what happened

Rajiv Kumar also defended the involvement of NITI Aayig in the calculation of the new series data. 

Arun Jaitley hits back at Congress on GDP back series data row, says CSO a credible institution

Finance Minister Arun Jaitley on Thursday hit back at Congress over the GDP back series data row, saying that it chose to criticise the yardstick only after the growth was lowered.

Demonetisation was draconian; Arvind Subramanian’s startling claim 5 months after leaving FinMin

Arvind Subramanian, however, also cited other factors that played a key role in slowing down the GDP growth such as oil prices, GST implementation and higher interest rates.

Advertisement
Advertisement
Advertisement
Switch to Hindi Edition