Raghuram Rajan critical of Modi’s minimum government,maximum governance promise

Former Reserve Bank of India (RBI) governor Raghuram Rajan on Wednesday questioned the ‘minimum government and maximum governance’ promise of the Narendra Modi regime, saying the state has gained more power sans any checks... Read more »

RBI may cut repo rate by 25 bps due to weak economic activity, inflation says Goldman Sachs

Reserve Bank of India is likely to cut repo rate by 25 basis points in the April policy due to weak economic activity, benign inflation and soft global growth, says a report.... Read more »

Highlights of PM Modi’s address to the nation on Mission Shakti.

Prime Minister Narendra Modi, addressing the nation on Wednesday said that India has attained anti-satellite capability, becoming the fourth such country in the world. He said that the mission was completed within... Read more »

RBI imposes Rs 2 crore fine on PNB for violating SWIFT rules

The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore after it found out that it violated the compliance with regulatory directions regarding SWIFT operations, the bank... Read more »

Wealth tax can help fund Rahul Gandhi’s NYAY, says World Inequality Lab

The Congress proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can better assessed with more progressive taxation, which could include a wealth tax on the rich,... Read more »

Mallaya asked banks to use his money to save Jet Airways

A day after the government announcement of Public Sector Banks (PSUs) bailout plan for Jet Airways, businessman Vijay Mallya lashed out at the PSUs for “double standards” under the Modi regime as... Read more »

Weak exports, rural distress, uncertainty over election outcome to lower IIP says Report

India’s industrial production is expected to stay muted in the near term, on account of weak exports, rural distress, credit constraints and uncertainty over the election outcome, a report said Monday. According... Read more »

Tight liquidity creates slowdown in credit growth, asset quality, says ICRA

Housing finance companies (HFCs) have been facing tight liquidity conditions since September 2018 and this has pushed them to lower their disbursements and meet a sizable portion of their fund requirement through... Read more »

Fitch cuts India’s GDP growth forecast for FY20 to 6.8%

Global rating agency Fitch has cut its India’s economic growth forecast to 6.8 per cent for 2019-20 from the earlier estimate of 7 per cent due to weak momentum in manufacturing and agriculture. However, it said India economic... Read more »
OnMobile Global Limited acquires Appland AB

Telecom subscriber base crosses 120 cr mark, Jio, BSNL, Airtel add customers

The country’s telecom subscriber base for the third time has crossed the 120-crore mark with Reliance Jio, BSNL and Airtel adding new customers in January, according to a report released by telecom regulator Trai.... Read more »