World Bank projects GDP growth in India to decelerate to 5% in current fiscal on lower consumption, less credit
The World Bank has projected a five percent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 percent in the following financial year
Ease of Doing Business: Relaxed norms for setting up firms, other steps to help India to improve ranking
In its annual 'Doing Business' report, the World Bank ranks nations based on 10 parameters relating to starting and doing business in a country
Facebook will create a new advertising portal for ads linked to housing, employment and credit.
RBI move on ECB is good; will ease pressure on cost of borrowing, encourage firms to borrow more from market
The idea is to have it more predictable so that companies can play around with their choice of borrowing.
Arun Jaitley says government does not need RBI funds in next six months, Centre keen to gain control over bank reserves
Critics accuse the government of trying to undermine the RBI's authority, but Arun Jaitley said the BJP-led government respected the institution’s independence.
This is despite SC verdict preventing private entities from using Aadhaar number for verification.
Despite an overall decline in the savings rate, the household savings rate for public sector increased marginally to 1.6 percent in FY17 from 1.5 percent in FY12 and for corporations, it fared better at 12.1 percent from 9.5 percent.
Axis Bank to process payments over WhatsApp in two month's time; over 66% transactions made digitally
Axis Bank is working with Google, WhatsApp, Uber, Ola and Samsung pay to be able to create the ecosystem for customers to be able to make payments
Budget 2018: Arun Jaitley can't treat agriculture as just another sector; it needs targeted policy action
Any set of solutions – and they will have to be a set – will have to address this volatility in growth and by extension, agricultural incomes.
Moody's believes that the government’s commitment to fiscal consolidation remains and sustained growth would help it reduce debt burden.
Delhi woman shot dead in Shalimar Bagh; police say husband received threats after he failed to repay loan
A woman was shot dead allegedly by unidentified men in the wee hours today in northwest Delhi's Shalimar Bagh area, police said.
The announcement comes at a time when personal information on 145.5 million Americans was recently accessed or stolen from the credit bureau Equifax.
The need for individual bankruptcy law is all the more urgent today given the precarious jobs situation in many sectors
KredX essentially is a connecting point for credit-worthy MSMEs to raise working capital, against their unpaid invoices, from individual financers.
Demonetisation: Why NBFCs with regional dynamics and strong customer connect will weather the current crisis
The NBFCs scripted the success story largely because of their innovative product lines, wider and effective reach, strong risk management capabilities to check and control bad debts, and better understanding of their customer segments
The report, however, said given the scale of investments, network capacity size, and differentiating investments (spectrum/fibre backhaul, etc.) made, it believe even Bharti's numbers could come under pressure in the next couple of years.
The retrenchment in global commodity prices should translate into lower operating costs for sectors such as automotives, manufacturing, infrastructure and power.