INDIAN ECONOMY

  • Rupee gains for second session; up 3 paise against dollar 3 days ago

    Mumbai: The rupee rose by seven paise at 62.78 against the US dollar in early trade on Wednesday at Interbank Foreign Exchange on sustained selling of the American currency by exporters. The domestic currency had ended six paise higher at 62.85 against the Greenback on dollar selling by banks after falling...
  • India's ability to absorb economic shocks is stronger: Arun Jaitley 1 week ago

    Washington: With the vast depth and size of its market, India's ability to absorb international shocks is far stronger as reflected in the rupee remaining relatively stable, Finance Minister Arun Jaitley has said. "International factors obviously have an impact. Considering the vast depth and size of the Indian market...our ability...
  • Investment is trust in future, don't underestimate mood in Germany, says Michael Steiner April 9, 2015

    In an exclusive interview to CNN-IBN's Foreign Affairs Editor Anchal Vohra, German Ambassador to India Michael Steiner said, "Don't underestimate the mood also because investment is trust in the future. So the psychological situation is also important. It also needs to change in practise all over the country. And my...
  • Growth, environment can co-exist; India must lead fight on climate: PM Modi April 6, 2015

    New Delhi: Seeking to scotch "lies" being floated about the Land Acquisition Bill, Prime Minister Narendra Modi on Monday asserted that it synergized India's growth imperative with the need for environment protection, while calling for the country to demonstrate leadership in tackling the global threat of climate change. Inaugurating the state...
  • Standard Chartered says India's real growth 'very elusive' April 5, 2015

    Mumbai: India's real growth remains "very elusive" and markets have "resigned" to a slower recovery, while foreign investors are still optimistic for want of alternatives, British major Standard Chartered has said. "A lot of macro parameters have improved for sure, but growth has been very elusive. The high new GDP...
  • Rupee bounces back by 18 paise vs dollar, ends at 62.49 April 1, 2015

    Mumbai: The rupee ended the fiscal on a positive note by rising 18 paise to 62.49 against the American currency on Wednesday on selling of dollars by banks and exporters on expectation of resumption of foreign capital inflows into equity market. The Indian currency had ended the last fiscal year at...
  • Sensex closes 303 points up April 1, 2015

    Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), made healthy gains during Wednesday's session to provisionally close the day's trade 303 points or 1.08 per cent up. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains during the day's trade. It...
  • Deepak Parekh pitches for greater government, corporate investment in education March 29, 2015

    Gurgaon: Terming spending on education as abysmally low at 3 per cent of GDP, eminent industry leader Deepak Parekh on Sunday called for "aggressive" investments by the government as well as corporates in the sector, saying it is the key to unlock India's demographic dividend. "For a country like India, spending...
  • RBI chief Raghuram Rajan backs removal of central bank's debt powers March 22, 2015

    New Delhi: Reserve Bank of India (RBI) governor, Raghuram Rajan, on Sunday cautiously backed a government plan to hand public debt management to a new agency, as the two sides played down reports of friction over the biggest regulatory shakeup in a generation. In February, the RBI formally adopted inflation targeting...
  • India's economy likely to grow 8 pc in next fiscal: Report March 22, 2015

    Mumbai: The country's economy is likely to clock 8 per cent growth in the next financial year and 8.3 per cent in 2016-17, says a report. "India is the only BRIC country, where growth will accelerate, to 8 per cent in FY16 and 8.3 per cent in FY17, based on...
  • India's GDP to grow at 8.3 pc in FY'17: HSBC March 22, 2015

    New Delhi: Stars are "gradually aligning" for the Indian economy and it is expected to clock a growth rate of 7.4 per cent in the current financial year, which is likely to improve further to 8.3 per cent by 2016-17, says an HSBC report. According to the global financial services...
  • Rupee ends almost flat vs dollar ahead of Fed policy outcome March 18, 2015

    Mumbai: The Indian rupee on Wednesday ended almost flat against the dollar at 62.69 ahead of the US Federal Reserve's monetary policy statement that could shed light on the timing of interest rate hikes. The rupee resumed slightly higher at 62.68 per dollar as against the last closing level of 62.70...
  • Arun Jaitley's Budget aims growth first, gives big bang reforms a miss, fiscal deficit cut to wait February 28, 2015

    New Delhi: Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work. In his first full-year budget since Prime Minister Narendra Modi's landslide election victory in May 2014,...
  • Union Budget 2015: Finance Minister did a great job of reviewing economy, says Suresh Prabhu February 28, 2015

    Finance Minister Arun Jaitley presented the Union Budget 2015 in Parliament on Saturday aimed at high growth. Reacting on the budget, Railway Minister Suresh Prabhu said that Finance Minister Arun Jaitley has done a amazing job of reviewing the economic growth. ...
  • Budget 2015: What measures should Jaitley take to strengthen the Defence sector February 28, 2015

    The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on growth track; curb the budget deficit and creating an investment friendly environment. CNN-IBN's Kajori Sen talks to students of IIT-Delhi and IIT-Mumbai about measures Jaitley should take to strengthen the Defence sector. ...
  • Rail Budget dampner, Nifty ends at 8684 February 26, 2015

    Mumbai: The Rail Budget failed to enthuse investors dragging the market after Minister Suresh Prabhu hiked freight rates. February F&O expiry also added pressure in the market. The Nifty ended F&O expiry at 8683.85, down 83.40 points or 0.9 per cent. The Sensex lost 261.34 points or 0.9 percent at...
  • Union Budget 2015: Government should give more tax sops to insurance, says Max Life February 24, 2015

    Upcoming first full year Union Budget of the Finance Minister, Arun Jaitley, would be carefully matched, as it is expected to provide directional clarity on the Modi Governments economic agenda. This is the time and the biggest opportunity for the Government to showcase its vision for the economy and industries....
  • Union Budget 2015: Time to gear up tax regime for outbound investments, says EY February 24, 2015

    With the changing landscape of Indian businesses, we are witnessing a significant and rapid geographical shift in doing business. Recent times have seen the Indian multinationals regularly flexing their muscle abroad. Not only has the last few years seen established Indian business houses making significant outbound investments into capital intensive...
  • Markets riding for a fall unless budget delivers February 24, 2015

    Mumbai: Investors in India say the government's first full budget must find a way to boost capital spending while exercising fiscal restraint, or a subsequent sell-off in debt and equities could destabilise the rupee, risking a return to levels seen in 2013. Prime Minister Narendra Modi's election victory nine months ago...
  • Campus calling: What do IIT-Delhi, IIT-Mumbai students expect from Budget 2015? February 18, 2015

    The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on growth track; curb the budget deficit and creating an investment friendly environment. CNN-IBN's Kajori Sen talks to students of IIT-Delhi and IIT-Mumbai about their expectations from Union Budget 2015. ...
  • It's official: India is fastest growing big economy February 9, 2015

    New Delhi: Taken at face value, India on Monday became the fastest growing major economy in the world after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter. It marks a dramatic turnaround for an economy that a...
  • India Inc says no change in economy performance in last 6 months February 1, 2015

    New Delhi: Painting a dismal picture of the economy during the last six months of 2014, India Inc on Sunday said not much had changed on the ground at the industry level during the period falling within the Narendra Modi-led government's tenure. The industry chamber's respondents were, however, optimistic that things...
  • Suresh Prabhu pitches for greater investments in Railways January 31, 2015

    Ahmedabad: Railway Minister Suresh Prabhu on Saturday pitched for greater investments in railways and said development in the sector will help the country grow. The minister was here to flag off two new trains - Ahmedabad-Chennai bi-weekly express and Ahmedabad-Darbhanga Jansadharan express. He also launched Wi-fi facility at the city...
  • GDP base year revision may help government contain fiscal deficit January 29, 2015

    New Delhi: A new series of national accounts with 2011-12 as base year for computing economic growth rate will be released on Friday, which may provide some cushion to government struggling to meet fiscal deficit target. With the revision of base year, the size of economy is expected to bigger...
  • Chinese daily scoff at reports of India's GDP overtaking China January 21, 2015

    Beijing: Peeved over IMF's forecast that India's growth rate would surpass that of China by 2016, a state-run daily on Wednesday said that having overshadowed by the Communist giant for long, India is seeking evidence to show that "it is not inferior to China". "It's different in India. Long overshadowed...
  • Sensex, Nifty at historic high levels; HUL steals the show January 21, 2015

    Mumbai: Rising for the fifth day in a row, benchmark BSE Sensex on Wednesday set a life-time high of 28,958 points and NSE Nifty recorded a historic 8,741 points as overall macro outlook and optimism over forthcoming budget continue to buoy investor sentiment. After resuming the day higher...
  • World Bank projects 6.4 per cent economic growth in India in 2015 January 11, 2015

    Gandhinagar: Indian economy is likely to grow at 6.4 per cent in 2015 and accelerate further in the next year on the back of steps being taken by the Narendra Modi-led NDA government, World Bank President Jim Yong Kim said on Sunday. Speaking at the...
  • Sensex climbs 183 poits; Infosys up 5 per cent January 9, 2015

    Mumbai: In a volatile trade, the stock market benchmark Sensex on Friday soared higher by 183 points, led by gains in IT stocks as Infosys beat market expectations with a robust set of quarterly results. After opening on a strong note, the 30-scrip BSE index...
  • Global slow growth opportunity for India, says Arun Jaitley January 7, 2015

    Kolkata: Observing that India needs to create an environment for cyclic investments and ease norms of doing business, Union Finance Minister Arun Jaitley on Wednesday pointed to the ongoing global slow growth as an opportunity for the country as investors are eyeing its market. If the Union Minister, during his address...
  • India needs reforms in banking sector, more autonomy for state banks: Arun Jaitley January 3, 2015

    Pune: India needs to "conceive" several reforms in the banking sector, Finance Minister Arun Jaitley said on Saturday on the sidelines of a two-day banking retreat. Jaitley added that there is a need to give greater autonomy to banks and that non-performing loans in some cases was "unacceptable". "There is a need...