Economy

India Inc Congratulates PM Modi, Warns Of Economic Challenges

Business | Indo-Asian News Service | Thursday May 23, 2019

Ajay Singh, chairman of SpiceJet, said: "I extend my heartiest congratulations to our Prime Minister Narendra Modi on his stupendous victory."

Opinion: Modi Reigns Supreme. Now India's Economy Awaits

Business | Andy Mukherjee, Bloomberg Opinion | Thursday May 23, 2019

In a UK-style parliamentary democracy, people voted for PM Modi as though he was their de facto president.

US Must Show "Sincerity" For Trade Talks To Continue, Says China

World News | Agence France-Presse | Thursday May 23, 2019

China warned the United States on Thursday that it must show "sincerity" if trade talks are to continue between the world's top two economies, stressing that Beijing would "not yield" on major principles.

Jofra Archer's World Cup Selection Ignites Hilarious Tug Of War Between Rajasthan Royals And Others

Samrat Chakraborty | Wednesday May 22, 2019

IPL franchise Rajasthan Royals (RR) ignited the tug of war on Twitter after Jofra Archer's World Cup selection.

Indian Economy To Grow 7.1% In 2019-20: UN Report

Business | Press Trust of India | Tuesday May 21, 2019

World gross product growth is now expected to moderate from 3.0 per cent in 2018 to 2.7 per cent in 2019 and 2.9 per cent in 2020

Paris-Based Think Tank OECD Cuts Global Growth Forecast Amid US-China Trade Concerns

Business | Agence France-Presse | Tuesday May 21, 2019

While the OECD pared back its global growth forecast for the current year, it predicted a pick-up in activity to 3.4 per cent next year. It notched up its forecast for US growth this year by 0.2 percentage point to 2.8 per cent, but predicted a slowdown to 2.3 per cent next year. Chinese growth was projected to slow to 6.2 per cent this year and 6....

Pre-Monsoon Rainfall Deficit Drops To 22%, Says Weather Office

Business | Press Trust of India | Sunday May 19, 2019

From March 1 to April 24, the pre-monsoon rainfall recorded in the central division was five per cent compared to normal. The region has also been witnessing intense heat waves and several dams in the Marathwada region of Maharashtra have reached zero storage level.

India Needs Few Mega Banks To Compete Globally: Chief Economic Advisor

Business | Indo-Asian News Service | Sunday May 19, 2019

The merged entity had a deposit base of more than Rs 26 lakh crore and advances level of Rs 18.50 lakh crore.

PM Should Have Taken Manmohan Singh's Advice On Notes Ban: Rahul Gandhi

India News | Press Trust of India | Thursday May 16, 2019

Congress general secretary Rahul Gandhi on Wednesday said Prime Minister Narendra Modi wouldn't have "destroyed" the economy if he had taken advice from former PM Manmohan Singh.

April Trade Deficit Widens To $15.33 Billion

Business | Thomson Reuters | Wednesday May 15, 2019

Merchandise exports remained almost flat at $26.07 billion in April compared with a year earlier.

Next Government Seen Relying On RBI Rate Cuts To Spur Growth: Report

Business | Thomson Reuters | Wednesday May 15, 2019

The government has a fiscal deficit target of 3.4 per cent of gross domestic product for 2019-20. While the RBI is likely to be open to more policy easing, provided inflation does not surge, their impact on economic activity may be limited, given debts burdening India's state banking sector.

Monsoon Likely To Arrive In Kerala On June 6, Says Met Department

India News | Edited By Ria Saini | Wednesday May 15, 2019

Monsoon rain will arrive in Kerala on June 6, the Met department said today. The rains, that replenish India's farm-dependent economy, arrive on the southern tip of Kerala around June 1 and retreat from Rajasthan by September.

Rupee Gains By 23 Paise Against Dollar

Business | Press Trust of India | Wednesday May 15, 2019

Rupee vs dollar exchange rate today: The rupee opened strong at 70.32 at the interbank forex market then gained further ground and touched 70.21 amid a positive opening in domestic equities, displaying gains of 23 paise over its last close. Forex dealers said that investor sentiment was buoyed after US President Donald Trump on Tuesday hoped that t...

Japan Takes India To World Trade Organization Over Mobile Phone Import Duties

Business | Thomson Reuters | Tuesday May 14, 2019

Some of the tariffs on goods of substantial interest to Japan were now "clearly in excess" of the rates allowed by the WTO, Japan said

Monsoon To Arrive Late, Deliver Less Rain: Private Weather Forecaster Skymet

Business | Thomson Reuters | Tuesday May 14, 2019

Rains usually lash Kerala state around June 1 and cover the whole country by mid-July. Timely rains trigger planting of crops such as rice, soybeans and cotton.