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Nitish Kumar questions CSO's estimate of sharp decline in growth figures for Bihar

Aug 15, 2016

Nitish Kumar questions CSO's estimate of sharp decline in growth figures for Bihar

Chief Minister Nitish Kumar on Monday strongly contested CSO estimate of a sharp decline of about 5.88 percentage points in the growth rate of Bihar. #Economy #India #NewsTracker #Nitish Kumar #Growth #CSO #Bihar CM
Jaitley asks companies to seize opportunity of global slowdown

Aug 05, 2016

Jaitley asks companies to seize opportunity of global slowdown

Terming the global slowdown as transient, Finance Minister Arun Jaitley today asked the industry to seize the opportunity to expand their business and prepare themselves for better times. #Economy #NewsTracker #Growth #global slowdown #companies #GST Bill #Finance Minister Arun Jaitley
GST Bill passed: Forget the political euphoria, the real test begins now

Aug 04, 2016

GST Bill passed: Forget the political euphoria, the real test begins now

The impact of the passage of this Bill has to be tracked closely as presently all the research and expectations are based on theoretical foundations and it is only when the tax system is implemented that the real impact will be known #Inflation #GDP #Rajya Sabha #WPI #Tax #Growth #NDA #CPI #services #GST Bill #IT systems #FRBM norms
GST positive for growth, but further reforms may see slow progress: Moody's

Aug 04, 2016

GST positive for growth, but further reforms may see slow progress: Moody's

The rating agency said the short-term credit implications of GST for the sovereign will be "limited", but in medium term it is likely to have a "positive" impact on the economy and government revenues. #Inflation #Goods and Services Tax #Growth #Moody's Investors Service #GST
Good monsoon can buoy GDP growth beyond 8% this fiscal, says Arvind Panagariya

Jul 27, 2016

Good monsoon can buoy GDP growth beyond 8% this fiscal, says Arvind Panagariya

Indian economy grew 7.9 percent in March quarter and recorded a five-year high growth rate of 7.6 percent for the 2015-16 fiscal on robust manufacturing growth #GDP #Arvind Panagariya #manufacturing #Monsoon #Growth #Prime Minister Narendra Modi #Niti Aayog
Govt must protect central bank's independence: Rajan

Jul 26, 2016

Govt must protect central bank's independence: Rajan

Taking on his detractors, Governor Raghuram Rajan today said the criticism that RBI killed growth with high rates was at odds with "received wisdom" of India being fastest-growing and urged the government to look beyond 'motivated criticism' to protect the central bank's autonomy. #Inflation #Economy #oil prices #NewsTracker #Growth #RBI governor Raghuram Rajan
Morgan Stanley, BofA-ML expect RBI to cut interest rates by 25-50 bps by FY17

Jul 21, 2016

Morgan Stanley, BofA-ML expect RBI to cut interest rates by 25-50 bps by FY17

Both investment banking firms have cited prospects of good monsoon and slowing inflation numbers for their optimism towards the likely rate cuts #Inflation #RBI #Reserve Bank of India #Morgan Stanley #Bank of America Merrill Lynch #Raghuram Rajan #Monsoon #Growth
Raghuram Rajan says financial inclusion key for a sustainable growth

Jul 18, 2016

Raghuram Rajan says financial inclusion key for a sustainable growth

Rajan also said easy payments and cash out would make formal savings more attractive and strengthening the network of banking correspondents #RBI #Raghuram Rajan #Aadhaar #Growth #Financial inclusion #postal payment bank
ADB curbs Developing Asia's 2016 growth estimate citing weak global outlook

Jul 18, 2016

ADB curbs Developing Asia's 2016 growth estimate citing weak global outlook

Developing Asia, which groups 45 countries in the Asia Pacific region, is now expected to expand 5.6% this year, slightly weaker than a March forecast of 5.7%, the ADB said #Asian Development Bank #Growth #ADB #Brexit #Developing Asia
India may grow at 7.9% this fiscal, if monsoon remains normal: Crisil

Jul 11, 2016

India may grow at 7.9% this fiscal, if monsoon remains normal: Crisil

GDP is expected to grow by 7.9 percent in 2016-17 as against 7.6 percent in the previous fiscal if "monsoon is normal and global situation does not deteriorate from here #GDP #CRISIL #Monsoon #Growth #GST