ECONOMY

IMF slashes India growth forecast for FY17, FY18 on cash clampdown

January 16, 2017 | Reuters

The International Monetary Fund on Monday raised its forecast for China's economic growth this year by 0.3 percentage points to 6.5 percent, on expectations of continued policy stimulus.

Factory output rises in November despite demonetisation

January 12, 2017 | Oineetom Ojah

India’s factory output rose 5.7% in November, compared with 1.8% decline in October, while retail inflation declined to 3.4% in December from 3.6% in the month before, official data showed on Thursday.

India consumer inflation eases to two-year low in December

January 12, 2017 | Reuters

India's annual consumer price inflation eased to a lower-than-expected 3.41 percent in December, its lowest level in more than two years, helped by a sharp cooling in food prices, government data showed on Thursday.

Ahead of budget, RBI chief Patel seeks lower government debt

January 11, 2017 | Reuters

Reserve Bank of India (RBI) Governor Urjit Patel urged the government to make progress in reducing high federal and state government borrowing, just weeks before Prime Minister Narendra Modi's administration is due to unveil its annual budget.

Demonetisation: Is the RBI really autonomous?

January 11, 2017 | Aman Malik

Whose decision was it really to demonetise Rs 500 and Rs 1,000 notes on 8 November last year?

Tax figures show little disruption from demonetisation, says Jaitley

January 09, 2017 | Reuters

Finance Minister Arun Jaitley on Monday flaunted robust tax receipts to dismiss reports of economic disruption following Prime Minister Narendra Modi's decision to abolish high-value currency bills.

Demonetisation: These four sectors will bear the brunt of the note ban

January 09, 2017 | Aman Malik

India Inc is bracing for weak quarterly results even as the economy limps back to normalcy after the demonetisation shock that withdrew all but a fraction of the currency from circulation.

Demonetisation: Just how much black money did Indians manage to launder?

January 09, 2017 | Aman Malik

When Prime Minister Narendra Modi announced on the evening of 8 November last year that Rs 500 and Rs 1,000 currency notes will no longer be legal tender, the government had hoped that as much as Rs 3 lakh crore, or a fifth of the money being sucked out, will not return to the banking system.

Govt projects slower GDP growth in FY17

January 06, 2017 | TEAM VCC

The Indian government on Friday projected slower economic growth for the year through March but didn’t take into account the impact of the banknote ban in November that has caused a cash crunch and hurt business activity.

Is the rural work scheme MNREGA killing factory jobs in India?

January 06, 2017 | Aman Malik

In 2006, the Manmohan Singh-led United Progressive Alliance government introduced the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA). The flagship employment guarantee programme is the world’s biggest such public works scheme.

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