ECONOMY

India’s Oct-Dec GDP growth likely near three-year low

February 24, 2017 | Reuters

India's economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following Prime Minister Narendra Modi's surprise decision to ban high-value currency notes, a Reuters poll of economists showed.

Reticent Patel flummox markets, businesses

February 17, 2017 | Reuters

MUMBAI (Reuters) - Denny Jose, a small-town caterer in Kerala, was closely watching the RBI meeting last week.

India’s wholesale prices rise 5.25% in January

February 14, 2017 | Reuters

India's wholesale prices rose at the fastest pace in two-and-a-half years in January as fuel prices climbed, reinforcing the Reserve Bank of India's decision last week to move to a neutral policy stance as inflation risks grow.

India needs open trade policy, says NITI Aayog CEO Amitabh Kant

February 13, 2017 | Bhanvi Arora & Shruti Jain

ndia needs to open its economy in a major way to overcome the challenges in becoming a 21st century knowledge economy, Amitabh Kant, chief executive officer of National Institution for Transforming India (NITI) Aayog said.

RBI to remove all cash withdrawal limits from March 13

February 08, 2017 | Reuters

The Reserve Bank of India (RBI) said it would remove the cash withdrawal limit from automated teller machines (ATMs) and savings accounts from March 13.

RBI keeps rates on hold, cuts growth forecast again on note ban

February 08, 2017 | TEAM VCC

The Reserve Bank of India kept its main lending rate unchanged on Wednesday and hinted any further reduction was unlikely anytime soon in an unexpected move that stumped analysts and investors.

Just one in five active listed firms to benefit from corporate tax cut

February 07, 2017 | Keshav Sunkara

Ahead of this year’s budget, the media was agog with speculation that finance minister Arun Jaitley will give companies something to cheer about on the tax front.

RBI monetary policy: Will the central bank again spring a surprise?

February 06, 2017 | Aman Malik

As the Reserve Bank of India’s monetary policy committee begins its first rate-setting meeting of 2017 on Tuesday, the question on top of the mind of most investors is this: will it or won’t it?

Note ban woes linger as India services activity contracts again in January

February 03, 2017 | Reuters

Activity in India's services industry contracted for a third straight month in January, although at a slower pace, as firms struggled to recover from Prime Minister Narendra Modi's shock currency crackdown, a survey showed.

Feel good for janta, disappointing for corporate India

February 01, 2017 | TEAM VCC

Finance minister Arun Jaitley almost replayed his last year’s Union Budget speech on Wednesday, if not in words then in theme, seeking to appease small taxpayers with minor changes and boosting rural income while almost ignoring big business.

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