Govt considering $7.7 billion stimulus spending in FY18 to revive economy: Report
Pulled down by sluggish manufacturing, growth in the Indian economy in the first quarter of this fiscal fell to 5.7 percent, clocking the lowest GDP growth rate since Narendra Modi took power in May 2014.
Sep 21, 2017, 18:02 PM IST
Govt eyes extra $7.7 billion spending to halt economic slowdown: Sources
The official said that the economy was passing through a "transitory phase" after the government`s decision late last year to outlaw old high-value banknotes and after the launch of a nationwide goods and services tax in July.
Sep 21, 2017, 17:16 PM IST
Appropriate action to tackle economic slowdown soon: Arun Jaitley
As far as bringing more items under the GST is concerned, Jaitley said that real estate would be the most easy to bring in.
Sep 21, 2017, 13:26 PM IST
Real estate is easiest to bring under GST: Arun Jaitley
Jaitley assured that the economic indicators are being assessed and appropriate action will be taken soon.
Sep 21, 2017, 13:25 PM IST
Package soon to boost economy; no cuts in petrol, diesel rates: Arun Jaitley
Asked about the possibility of a cut in excise duties on petroleum products, Jaitley said government needed money for public spending to push growth and for social sector schemes.
Sep 20, 2017, 19:57 PM IST
Ratan Tata expresses confidence in Narendra Modi, says PM will create 'new India'
The veteran industrialist said that he has closely seen the prime minister since his days as chief minister of Gujarat.
Sep 20, 2017, 17:20 PM IST
GDP growth at 3-year low: Additional measures on the anvil to boost economy, says Jaitley
Jaitley further said this is a proactive government and has been reacting to the situation as when the situation demanded.
Sep 20, 2017, 16:58 PM IST
Economic slowdown is real, not just technical: SBI Research
The report said continuing slowdown has "raised the spectre of whether slowdown is temporary or not" but stopped short of answering the question.
Sep 19, 2017, 15:45 PM IST
India eyes spending cuts as glitches in GST hit revenue
Tax receipts were about USD 7.8 billion in July - a little over half the monthly target - mostly because millions of firms failed to comply with the new Goods and Services Tax (GST) system that harmonises all state and central sales taxes but is still a work in progress.
Sep 18, 2017, 18:44 PM IST
Bullet train will add speed to India's economic growth: Top Modi quotes
It's new India which has to fly high.
Sep 14, 2017, 18:38 PM IST
GDP to remain below 6% in Q2 FY'18: SBI report
The GDP stood at a three year low at 5.7 percent for April-June quarter of 2017-18, which the report said has raised concerns about the annual GDP numbers for the fiscal.
Sep 14, 2017, 17:34 PM IST
Indian economy in period of dense fog: Credit Suisse
According to findings by the financial service major, government spending growth is slowing down sharply, while half of the population is seeing weak income growth.
Sep 13, 2017, 21:01 PM IST
Let India grow at 8-10% for 10 years before chest-thumping: Raghuram Rajan
Let India grow at 8-10% for 10 years before chest-thumping: Raghuram Rajan
Sep 08, 2017, 15:54 PM IST
India's GDP growth to re-accelerate as GST impact fades: Morgan Stanley
Commenting on the GDP numbers, Morgan Stanley said, "We are inclined not to read this as a sign of general slowdown in aggregate demand".
Sep 06, 2017, 14:47 PM IST
GDP growth to improve to 7-7.5% in Q2: Niti Aayog's new Vice-Chairman
Kumar further said the decline in growth in the first quarter can be attributed to destocking by manufacturers in anticipation of GST rollout from July 1.
Sep 01, 2017, 16:01 PM IST
FM hopeful of 7% GDP as manufacturing 'bottoms out'
The Economic Survey had projected a growth of 6.75 percent to 7.5 percent for 2017-18.
Aug 31, 2017, 22:30 PM IST
India Inc expresses disappointment over weak GDP data
India Inc on Thursday expressed disappointment over the country's economic growth, which slipped to a three-year low of 5.7 percent in April-June.
Aug 31, 2017, 20:59 PM IST
Indian economy grows at slowest pace under Modi government, hits 3-year low of 5.7% in April-June
India's GDP growth slipped to 13-quarter low of 5.7 percent year-on-year during the April-June quarter as compared to 6.1 percent in January-March, government data showed on Thursday.
Aug 31, 2017, 17:33 PM IST
Need 10 champions of states to achieve high growth rate: Niti Aayog CEO Amitabh Kant
Kant lamented that ambition and hunger in private sector to capture global market just does not exist in India.
Aug 31, 2017, 14:16 PM IST
DIPP releases next edition of consolidated FDI policy
The consolidated policy is a compilation of the various decisions taken by the government in the past one year.
Aug 28, 2017, 14:05 PM IST
