The Reserve Bank of India’s (RBI’s) proposal to allow large corporate houses to set up banks is a “bombshell”, former RBI governor Raghuram Rajan and ex-deputy governor Viral Acharya wrote in a joint article on Monday.
A 24-hour strike has disrupted much of India as workers took to the streets in several major cities to protest against the country’s worsening economic slowdown. At least 10 trade unions called on employees to stage protests on Wednesday against what they… Read More ›
Latest high-frequency indicators suggest India’s economy is heading towards a slowdown. by Anirban Nag Investment and consumption waned in India, latest high-frequency indicators show, putting a brake on growth in the world’s fastest-growing major economy. Overall activity reading generated from… Read More ›
Work is job: When asked about rising unemployment (a government report that’s been withheld says it’s at a 45-year high), Union minister Piyush Goyal replied: “We need to differentiate between job and work … ours is a government that has… Read More ›
Krugman said India’s growth story was incredible but it never got the attention it deserved because China hogged the world’s attention. Source: The Economic Times Paul Krugman, the American economist who won a Nobel Prize in 2008, has warned that… Read More ›
The economy had grown 7.1% in the second quarter and 8.2% in the first quarter, logging 7.6% for the first half. Kirtika Suneja Source: The Economic Times NEW DELHI: The Indian economy is likely to have grown at a slower… Read More ›
Surat, a major diamond trading and processing centre, tops the list. Next on the list is Agra followed by Bengaluru and Hyderabad Anupa Kujur Source: moneycontrol Indian cities are powering ahead of western urban cities in terms of annual… Read More ›
Giving thumbs down to the loan waiving tendencies of the Indian government, the IMF chief said that such policies need to be revisited. India Today Web Desk New Delhi January 22, 2019 International Monetary Fund (IMF) Managing Director Christine Lagarde… Read More ›