Foreign Direct Investment (FDI) to India was up 6 per cent to USD 42 billion in 2018, with strong inflows in the manufacturing, communication and financial services sectors, and... Read more »
As the GDP argument continues, the Centre for Monitoring Indian Economy (CMIE) has released its review of the macro-economic performance for May 2019. In its review, the think tank... Read more »
Care Ratings have suggested that the IIP growth for April at 3.4% had an impressive start after a negative growth in March. The projection was 1.2%. However, it is... Read more »
The rupee on Friday dropped by 18 paise to close at 69.46 against the US currency on strengthening of the greenback in overseas markets and rising crude oil prices.... Read more »
The Reserve Bank of India on Tuesday said it will withdraw all charges on fund transfer through popular RTGS and NEFT systems from July 1 and asked banks to... Read more »
In a huge setback to the lenders’ revival/sale plan of the grounded Jet Airways, two operational creditors–Shaman Wheels and Gaggar Enterprises– Monday shifted the NCLT seeking bankruptcy proceedings against... Read more »
Former Chief Economic Adviser Arvind Subramanian has said that India’s GDP growth estimate has been exaggerated by around 2.5 percentage points between 2011-12 and 2016-17, the year transitioning the... Read more »
The system-wide non-performing assets stock has fell starkly to 9.3 percent in March 2019, more rapidly than the Reserve Bank’s estimate and far down from 11.5 percent the year... Read more »
State-owned lender Central Bank of India (CBI) is plans to raise capital up to Rs 5,000 crore in the financial year 2019-20 through various modes, including rights issue and... Read more »
With regards to frauds in the banking sector to absence of effective controls, RBI Governor Shaktikanta Das Saturday said focus of the central bank in the upcoming months will... Read more »