ECONOMY

How a few states are outdoing the Centre in implementing key projects

March 21, 2017 | Aman Malik

A few Indian states seem to be outpacing the Centre when it comes to spending on and implementing key infrastructure projects. At least that is what a recent report by Deutsche Bank reveals.

India cabinet clears draft GST bills

March 20, 2017 | Reuters

India's cabinet has approved four bills to implement a planned Goods and Services Tax (GST) bills, a government official said on Monday, paving the way for Prime Minister Narendra Modi to implement the landmark tax reform from July.

US Fed lifts rates for second time in three months

March 16, 2017 | Reuters

The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

India inflation quickens in February on rising food prices

March 14, 2017 | Reuters

Indian retail price inflation picked up in February, after having cooled the previous month to its lowest in at least five years, supporting the view that the Reserve Bank of India (RBI) no longer has room to ease monetary policy.

Industrial output grows 2.7% in January, beats expectations

March 10, 2017 | Reuters

India's industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday.

Economists surveyed by Reuters had forecast a 0.5 percent growth in output compared with a revised 0.1 percent year-on-year fall in December.

India services activity grows in February after three months of contraction

March 03, 2017 | Reuters

India's dominant services industry returned to growth in February for the first time in four months as demand slowly recovers after the government's cash crackdown late last year, a private business survey showed on Friday.

Is PM Modi’s push for cashless India losing steam?

March 02, 2017 | Aman Malik

The government’s push to make Indians transact digitally appears to be losing steam. At least that’s what the latest monthly data on electronic transactions released by the Reserve Bank of India (RBI) seem to suggest.

Reforms need to be backed by rapid execution, say panellists at VCCircle LP summit

March 01, 2017 | Bruhadeeswaran R & Ranjani Raghavan

The 2017 Union Budget can lead to long-term benefits if policy reforms are implemented at the ground level, said panellists at News Corp VCCircle Limited Partners Summit.

India manufacturing activity expands a tad in February

March 01, 2017 | Reuters

Indian factory activity expanded for a second straight month in February, while an increase in raw material costs pushed firms to raise prices at the fastest rate in nearly three and a half years, a business survey showed on Wednesday.

India GDP grows 7% in Oct-Dec despite note ban woes

February 28, 2017 | Oineetom Ojah

India’s economy unexpectedly grew 7% in the October-December quarter of 2016, indicating that the impact of the shock ban on high-value banknotes in November wasn’t as adverse as initially feared.

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