Growth

  • Jaitley to meet heads of PSU banks on Thursday Yesterday

    New Delhi: Finance Minister Arun Jaitley is scheduled to hold his first meeting with all the heads of the public sector banks on July 31 and is expected to impress upon them the need to lower interest rates for boosting growth. "The Finance Minister would be meeting heads of banks on...
  • John Kerry to deliver major foreign policy speech on India 2 days ago

    Washington:Laying out a roadmap of long-term strategic partnership between the largest and oldest democratic countries, US Secretary of States John Kerry will deliver a major foreign policy speech on India. Kerry, will underscore the shared prosperity, democratic values, and security that a strong US-India partnership brings to Asia and to the...
  • India likely to grow at 6 per cent in 2014-15: Harvard professor 1 week ago

    New Delhi: The Indian economy is likely to grow at six per cent in 2014-15 and if the new government delivers on its promise of good governance, reversion to a growth rate of around 7-8 per cent can occur in coming years, Harvard University professor Gita Gopinath said. "Let's just say...
  • MH17 crash overshadows G20 trade summit July 19, 2014

    Sydney: Trade ministers from the world's leading economies met in Sydney on Saturday for the latest round of G20 talks, with the crash of Malaysia Airlines flight MH17 threatening to overshadow the summit. G20 chair Australia has sought to keep the meeting focused on economic growth, but Thursday's disaster in rebel-held...
  • GDP growth to improve this fiscal, says Arun Jaitley July 18, 2014

    New Delhi: India's economic growth is expected to improve during the current fiscal from 4.7 per cent in 2013-14, helped by a revival in industrial growth, improved fiscal health and external economic situation, Parliament was informed on Friday. The Economic Survey 2013-14 tabled in the Lok Sabha early this month had...
  • UK lauds India's efforts to reduce poverty, stress on growth July 18, 2014

    London: The British government has appreciated India's fast movement towards reduction of poverty with "inclusiveness" and said Prime Minister Narendra Modi's stress on investment in growth and infrastructure was "encouraging". Applauding India's efforts to alleviate poverty, Baroness Northover, government's spokesperson on international development, told the House of Lords on Thursday that...
  • Budget modestly credit positive for India: Moody's July 14, 2014

    New Delhi: Rating agency Moody's on Monday said the budget 2014-15 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India. "Unless the budget is followed by a more specific implementation plan, as well as additional measures to address macroeconomic...
  • Efforts on to boost tourism, economy in Jammu and Kashmir: Omar July 12, 2014

    Srinagar: Jammu and Kashmir Chief Minister Omar Abdullah has said that initiatives have been undertaken to make tourism attractive for investors in the state and also to enhance economic growth. "Pilgrim, adventure, sport and other related tourism is being encouraged to develop along with the growth of conventional tourism," he...
  • IIP growth in May at highest since October 2013 July 11, 2014

    New Delhi: The Index of Industrial Production (IIP) for the month of May came in at 4.7 per cent versus 3.4 percent month-on-month. This is against CNBC-TV18 poll at 3.76 per cent. The factory output in May is at a 19-month high - highest since October 2012. Electricity sector...
  • Foreign brokerages hail Budget as growth, reforms-oriented July 11, 2014

    Mumbai: Analysts at foreign brokerages have lauded Finance Minster Arun Jaitley's maiden Budget saying the measures announced will boost growth as it has ushered in the much-needed reforms and has created a conducive investment climate. Japanese brokerage Nomura president and chief executive Vikas Sharma, said this is a Budget that...
  • Growth forecast for next fiscal between 5.4 to 5.9 per cent July 9, 2014

    Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 2014-15 overcoming the sub-5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad based, affecting in particular the industry...
  • Reforms to boost economic growth, says government July 8, 2014

    New Delhi: India's economic growth rate, which has dropped to sub five per cent level, is expected to gain momentum on the back of reforms, the government said on Tuesday. "After stabilising at a low level of around 5 per cent, growth in the Indian economy is expected to pick up...
  • 'If I am FM: I would ensure a balance between inflation and growth' July 6, 2014

    If I were the Finance Minister, Arun Jaitley, my main focus would be in striking the right balance between inflation and the rate of growth of the economy. In order to maintain the fund flow in banks, schemes would be introduced to reduce the non performing assets and thereby its...
  • Modi proposes 'common model' for Himalayan states July 4, 2014

    Katra: Stressing that Himalayan states have similar sets of problems and opportunities, Prime Minister Narendra Modi on Friday proposed a "common model" for the their development. "I accept that there is need to have a separate policy and planning for development of the Himalayan states in India. All the states located...
  • June factory activity grows at fastest pace since February July 1, 2014

    New Delhi: Indian factory activity expanded in June at its quickest pace since February while output prices rose at the fastest rate in eight months, signalling a further rise in inflation that is bound to vex the Reserve Bank of India (RBI), a business survey showed on Tuesday. The HSBC Manufacturing...
  • India has potential to be largest economy: Sheryl Sandberg June 30, 2014

    Hyderabad: India, an emerging global economic power, has the potential to become the largest economy in the world, Facebook Chief Operating Officer (COO) Sheryl Sandberg said on Monday. Sandberg, who served as Chief of Staff for the US Treasury Department under President Bill Clinton, said the over USD 2 trillion Indian...
  • New sanctions on Russia could impact growth: Economy minister June 28, 2014

    Moscow: A new round of Western sanctions on Russia over the crisis in Ukraine could seriously impact its already stalled economy, Economy Minister Alexei Ulyukayev said on Saturday. The minister said Russia has prepared for three possible scenarios in the event of tougher economic sanctions. The less severe one presumes...
  • Stable government brightens recovery hopes: RBI June 26, 2014

    Mumbai: The Reserve Bank of India on Thursday said improved political stability and expectations of a decisive and coordinated policy response augur well for the economy and the markets. "Formation of a stable government at the Centre has ameliorated political risk and has led to expectations of better policy coordination and...
  • Arthritis drug spurs hair growth in hairless man June 20, 2014

    Washington: In a first, scientists have used an arthritis drug to successfully grow a full head of hair on a 25-year-old man suffering from a non-curable disease that left him without any hair on the body. After the treatment, the man grew a full head of hair, eyebrows, eyelashes, armpit, facial...
  • India Inc sees GDP growth of 5-6 pc in FY15: Survey June 19, 2014

    Mumbai: As many as 81 per cent of Indian corporates believe the country's economy is likely to grow 5-6 per cent in the current financial year, says a survey. "India Inc expects the economy to grow between 5-6 per cent and rupee around 77 per cent to appreciate against the...
  • IMF cuts US growth outlook, says full employment years off June 17, 2014

    Washington: The International Monetary Fund cut its growth forecast for the United States on Monday and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to bide its time before raising interest rates. In its annual health check of the US economy, the...
  • We had two continuous years of less than 5 per cent growth: Jaitley June 15, 2014

    Finance Minister Arun Jaitley, who is on a two day visit to Kashmir for security review meetings as Defence Minister, on Sunday said that "at this time, you will require to take some decisions to make sure that the economy is put back on the track." He also said that...
  • Himachal Pradesh gets $100 million loan from World Bank June 11, 2014

    New Delhi: Himachal Pradesh on Wednesday got a $100 million development policy loan from the World Bank to enable the hill state to manage its natural resources. The agreement was signed here between the government of India, the state government and the World Bank. The project was approved by the World...
  • Himachal to get USD 100 million from WB for 'green' growth June 11, 2014

    New Delhi: Himachal Pradesh today became the first Indian state to get USD 100 million World Bank project for promoting green growth and sustainable development in the state as the Centre, the World Bank and the state signed a deal to this effect here today. World Bank's Clean Technology Fund (CTF)...
  • Abdul Kalam motivates IIT students, calls for bridging rural-urban divide June 6, 2014

    Former President APJ Abdul Kalam on Thursday stressed on bridging rural-urban divide in the world and said fruits of growth must reach every section of society. "Inequality between rural and urban population in the world must be removed. Equal distribution of resources will help in bridging the poor-rich divide and it is...
  • Tata Steel observes World Environment day June 5, 2014

    Tata Steel on Thursday organized various activities supporting to mark the World Environment Day. The company has organized a string of activities across its divisions to spread awareness about environment protection, sustenance and eco-conscious growth, according to Tata Steel press release. The celebration of World Environment Day spanned across its divisions...
  • 'Crab mentality' of rivals hindering growth of north Bengal: Mamata Banerjee June 4, 2014

    West Bengal Chief Minister Mamata Banerjee on Wednesday said that 'crab mentality' among political rivals was affecting growth and development of north Bengal which could be exploited for tourism because of its natural beauty. "There are several countries which thrive on tourism alone. We have so much natural beauty, but owing...
  • RBI took calibrated approach to balance growth, inflation: Arun Jaitley June 3, 2014

    Describing the RBI's status quo policy as a calibrated approach to strike a balance between growth and inflation, Finance Minister Arun Jaitley on Tuesday said the government on its part will address the problem of price rise by improving supplies. "It is a priority for the government to maintain a balance...
  • MP registers record agri growth at 24.99% in 2013-14 June 1, 2014

    Madhya Pradesh registered a record growth at 24.99 per cent in FY 2013-14 in the agriculture sector, including animal husbandry. The agriculture growth rate was 20.16 per cent in 2012-13 and 19.85 per cent in 2011-12 in the state, according to an official release issued on Sunday. "Madhya Pradesh has created...
  • Sri Lanka growth positive but needs to reduce debt: IMF May 30, 2014

    Colombo: Sri Lanka's economic growth has exceeded expectations last year, the International Monetary Fund (IMF) said today and forecast that the country's economy would grow by around 7 per cent in 2014. "Real GDP growth reached 7.3 per cent, inflation declined to below 5 per cent," Todd Schneider, the head of...