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ECONOMY

RBI expected to lower interest rates in first half of 2017 amid 'below estimate' inflation: DBS

Reserve Bank of India is expected to lower the interest rates in the first half of this year, largely owing to 'below estimate' inflation, says a DBS report.

PTI | Jan 17, 2017 05:57 PM

IMF cuts India's growth to 6.6 per cent from 7.6 per cent, cites demonetisation as reason

The IMF on Monday cut India's growth rate for the current fiscal year to 6.6 per cent from its previous estimate of 7.6 per cent due to the "temporary negative consumption shock" of demonetisation,...

PTI | Jan 16, 2017 09:16 PM

Rising petrol, diesel prices fuel WPI inflation to 3.39 per cent

Rising prices of petrol and diesel fuelled WPI inflation to 3.39 per cent in December 2016, reversing the declining trend and neutralising the impact of softening prices of vegetables.

PTI | Jan 16, 2017 05:20 PM

Crucial GST council meet today: Can Arun Jaitley resolve the dual control issue?

The all-powerful GST Council, headed by Jaitley, will meet for the ninth time on Monday with the issue of who gets to administer the Goods and Services Tax (GST) being the single biggest issue on...

News Nation Bureau | Jan 16, 2017 01:37 PM

Wholesale Price Index for Dec at 3.39 per cent, records minor gain against Nov's 3.15 per cent

In December food index declined by 1.2 per cent to 256.3 from 259.4 for the previous month. Prices of fruits and vegetables, pulses eased on subdued demand after the demonetisation.

News Nation Bureau | Jan 16, 2017 12:42 PM

Municipalities having surplus can issue bonds, says Sebi

Sebi's decision also comes against the backdrop of Prime Minister Narendra Modi last month pitching for boosting the municipal bonds market.

PTI | Jan 14, 2017 08:30 PM

Demonetisation | RBI's autonomy and image dented beyond repair: Employees to Urjit Patel

In a letter, they said autonomy and image of RBI has been “dented beyond repair” due to mismanagement and termed appointment of a senior Finance Ministry official as a “blatant encroachment”...

PTI | Jan 14, 2017 01:47 PM

RBI may slash repo rate by 25 bps in Feb monetary policy, says HSBC report

RBI may slash repo rate by 25 bps in Feb monetary policy, says HSBC report

PTI | Jan 13, 2017 05:50 PM

Retail inflation eases further to 3-year low of 3.41 per cent in December

Retail inflation eased further to nearly 3-year low of 3.41 per cent in December, reflecting weak demand as consumers grappled with cash crunch following demonetisation.

PTI | Jan 12, 2017 11:58 PM

Slowdown fears? Industrial production grows 5.7% in Nov compared to 3.4% in the same month a year ago

Belying fears of a slowdown due to demonetisation, industrial production in November grew by 5.7 per cent compared to a contraction of 3.4 per cent in the same month a year ago.

PTI | Jan 12, 2017 07:49 PM

Rating agency Fitch, World Bank explain impact of demonetisation how it will drag India’s GDP growth estimate by 0.5%

Prime Minister Narendra Modi gets another blow rating agency Fitch, World Bank and former Prime Minister and economist Manmohan Singh, explained the impact of demonetisation and how it will drag...

News Nation Bureau | Jan 12, 2017 03:36 PM

Your credit score to determine how much home loan EMI you need to pay

The interest that one would pay on their homes loans will soon linked to their credit rating, or the discipline one maintains in repaying their existing loans.

News Nation Bureau | Jan 11, 2017 07:00 PM

World Bank says 'adverse effects' of demonetisation will disappear in medium term

In its latest report, the World Bank revised its estimates of India's growth rate in 2016-17 fiscal year from previous projection of 7.6% to seven per cent.

PTI | Jan 11, 2017 04:59 PM

Honda Motor Company calls back 772,000 more vehicles over defective air bag

Honda Motor Company is calling back 772,000 additional Honda and Acura vehicles in the US for defective front passenger seat air bag inflators made by Japanese supplier Takata Corp.

News Nation Bureau | Jan 11, 2017 02:51 PM

Post demonetisation, World Bank decelerates India's growth for 2016-17 to 'still robust' 7 per cent

The World Bank has decelerated India’s growth for 2016-17 fiscal to a “still robust” 7% from its previous estimate of 7.6 due to demonetisation, but asserted that the country would regain...

PTI | Jan 11, 2017 01:33 PM