Economy

PM Modi Has No Understanding Of Economy, Says Rahul Gandhi

India News | Press Trust of India | Saturday October 19, 2019

Congress leader Rahul Gandhi on Friday launched a scathing attack on Prime Minister Narendra Modi, saying he has no understanding of the economy, and claimed that the world is mocking India due to the BJP's politics of pitting people against each other.

On Economy, Rahul Gandhi's Advice To PM Is To "Steal" Congress's Ideas

India News | Edited by Vaibhav Tiwari | Friday October 18, 2019

Taking a jibe at Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, Rahul Gandhi said they should steal ideas from the Congress's manifesto to tackle the "mess".

RBI Signals Scope For More Rate Cuts To Push Growth

Business | Reuters | Friday October 18, 2019

Retail inflation rose close to the central bank's medium-term target of 4 per cent in September for the first time in 14 months but is expected to remain well within the mandated 2-6 per cent band until first quarter of 2020-21 as per RBI projections.

Government To Take More Steps To Boost Growth: Chief Economic Adviser

Business | Reuters | Friday October 18, 2019

Chief Economic Adviser at the finance ministry, said the government had slashed corporate taxes to attract investment.

China's Q3 GDP Growth Slows To 6%, Weakest In 27 Years

World News | Agence France-Presse | Friday October 18, 2019

China's economy expanded at its slowest rate in nearly three decades during the third quarter as it was hit by the long-running US trade war and cooling domestic demand, data showed Friday, with an official warning of "mounting downward pressure".

Nirmala Sitharaman's Response To Manmohan Singh In Economy Blame Game

India News | Edited by Deepshikha Ghosh | Friday October 18, 2019

In an ongoing war of words over the economy, Finance Minister Nirmala Sitharaman delivered a swift and sharp response to Manmohan Singh's comment that the government is "obsessed" with fixing the blame on its opponents. "Recalling when and what went wrong during a certain period is absolutely necessary," Nirmala Sitharaman told reporters in the US.

Despite IMF's Projections, India Still Among Fastest Growing Economies: Nirmala Sitharaman

India News | Press Trust of India | Friday October 18, 2019

India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, Union Finance Minister Nirmala Sitharaman has said.

India Has Worked On Fundamentals, But Problems Need To Be Addressed: IMF

India News | Press Trust of India | Friday October 18, 2019

The International Monetary Fund on Thursday said though India has worked on the fundamentals of its economy, there are problems, including the long-term drivers of growth, that need to be addressed.

Don't Think Any Hope Of Reaching $5 Trillion Target By 2024: Manmohan Singh

India News | Edited by Deepshikha Ghosh | Thursday October 17, 2019

Former Prime Minister Manmohan Singh today said he didn't see the economy reaching the 5 trillion dollar target by 2024, with growth declining year after year. He also said the economy is in a "vicious slowdown" which could be salvaged only if the growth rate shot up.

"Government Obsessed...": Manmohan Singh's Comeback To Finance Minister

India News | Edited by Deepshikha Ghosh | Thursday October 17, 2019

Manmohan Singh, responding to Finance Minister Nirmala Sitharaman's comment blaming him for the bank crisis, said today that the government "is obsessed with trying to fix blame on its opponents" instead of finding solutions. The former Prime Minister also referred to the Punjab and Maharashtra Co-operative (PMC) bank crisis, which has impacted 16 ...

Highlights: Manmohan Singh Says Maharashtra Facing An Economic Crisis

India News | Edited by Ridhima Shukla | Thursday October 17, 2019

Highlights: Former Prime Minister Manmohan Singh is expected to address the media at MCA lounge, Wankhede stadium, in Mumbai today on the topic 'Words of Wisdom on Indian Economy'. He is expected to speak on the current economic condition and banking system, and likely to broach the subject of the recent Punjab and Maharashtra Co-operative (PMC) Ba...

12 Big Economies Failing In Budget Spending For Growth, India On List: Report

Business | Bloomberg News | Thursday October 17, 2019

Monetary policy makers say they're running out of room to cut interest rates, which are already at historic lows, and it's time for their fiscal counterparts to take the lead in trying to spur demand.

Diwali 2019: How Diwali Lights Up The Lives Of Potters, Brings Cheer To Village Economy

India News | Agence France-Presse | Thursday October 17, 2019

The narrow lanes of Kumhar Gram are buzzing with activity ahead of Diwali as generations of potters race to create clay decorations for customers across the country - and beyond.

Petrol, Diesel Prices Unchanged Today. Here's How Much You Pay For Fuel Now

Business | Edited by Sandeep Singh | Thursday October 17, 2019

Currently, oil marketing companies such as state-run Indian Oil Corporation review the domestic prices of petrol and diesel on a daily basis.

Nirmala Sitharaman's Message To Foreign Investors: India "Democracy-Loving, Capitalist-Respecting"

India News | Press Trust of India | Thursday October 17, 2019

Investors can find "no better place" in the world than India, which has a democracy-loving and capitalist-respecting environment, Union Finance Minister Nirmala Sitharaman has said. She assured international investors at an interaction session at the IMF's headquarters that the government was continuously working to bring reforms.