Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Monday, September 24, 2018

economy

Rupee gains 53 paise in early trade

Continuing its uptrend, the rupee firmed by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade on Friday...

Indian economy to reach USD 5 trillion size by 2022: PM

Prime Minister Narendra Modi said the size of Indian economy will double to USD 5 trillion by 2022 with manufacturing and agriculture contributing US...

Rupee recovers 28 paise against US dollar in early trade

The rupee on Wednesday rebounded from its all-time low by rising 28 paise to 72.70 against the US dollar in early trade at the Interbank Foreign Exch...

Rupee down 81 paise in early trade

The rupee depreciated 81 paise to 72.65 against the dollar in early trade on Monday at the forex market, despite the government's steps to stem a ste...

WPI inflation drops to 4-month low of 4.53% in August

Inflation based on wholesale prices eased to a four-month low of 4.53 per cent in August on softening of prices of food articles, especially vegetabl...

Rupee sinks to new low of 72.91, drops 22 paise against USD

The rupee collapsed to a lifetime low of 72.91 against the dollar at the interbank foreign exchange market. The domestic currency was quoting 22 pais...

Retail inflation cools to 10-month low of 3.69% in August

Retail inflation cooled to a 10-month low of 3.69 per cent in August -- below RBI's target of 4 per cent -- on the back of easing prices of fruits, v...

Rupee firms up by 24 paise to 71.75 vs USD

The rupee was trading higher by 24 paise to 71.75 against the U.S currency in late morning deals on Friday due to sustained bouts of dollar selling f...

Rupee slips 7 paise against U.S dollar

The rupee pared initial gains to fall 7 paise to 71.82 against the U.S currency in late morning deals on Thursday on bouts of dollar demand from bank...

Rupee drops to fresh record low of 71.79 against USD

The rupee pared initial gains to drop to a fresh all-time low of 71.79 against the U.S currency, falling 21 paise in late morning deals on Wednesday ...

Rupee plunges to yet another record low of 71.10 vs USD

The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the U.S dollar in late afternoon trade on Monday, tracking weak...

Eight core sectors grow by 6.6% in July

Eight core sectors grew by 6.6 per cent in July pushed by healthy output in coal, refinery products, cement and fertiliser. The eight core sector -- ...

GDP growth hits 2-yr high of 8.2% in Q1

India's economy grew at 2-year high of 8.2 per cent in the April-June quarter of 2018-19 on strong performance of manufacturing and agriculture secto...

Rupee hits 71-mark for first time ever

The rupee slumped to a fresh record low of 71 against the dollar for the first time ever by falling 26 paise on persistent demand for the U.S currenc...

Demonetisation led to more tax collection, higher growth: Jaitley

Finance Minister Arun Jaitley said the demonetisation of Rs 500/1,000 notes led to formalisation of economy, more tax collection and higher growth. H...

India expected to become world's 5th largest economy next yr

Finance Minister Arun Jaitley said India is expected to surpass Britain next year to become world's fifth largest economy. "This year, in terms of s...

July inflation slows to 9-month low of 4.17%

Retail inflation fell to nine-month low of 4.17 per cent in July on account of slowdown in prices of vegetables and fruits, said government data rele...

GST slabs may reduce to 3 in long-term: Sanjeev Sanyal

In the long-term, Goods and Services Tax (GST) slabs may come down to three, in addition to the exempted category, Sanjeev Sanyal, Principal Economic...

Recent GST rate cut credit 'negative': Moody's

Rating agency Moody's said the recent GST rate cuts on 88 items will weigh on government's revenue collection and is credit negative' as it will put ...

GST slab of 28% may become virtual 'hollow shell' in a year or so, says CEA

Outgoing Chief Economic Adviser Arvind Subramanian exuded confidence that the highest slab of 28 per cent tax under GST would be 'virtually a hollow ...

GST slabs can be reduced to 3 in future: Sushil Modi

Slabs under Goods and Services Tax (GST) can be reduced to three from five at present for the convenience of consumers and businesses though it will ...

India's growth remains quite robust into future: IMF

India's growth remains "quite robust" into the future, the IMF has said despite slightly downgrading the country's growth projection for 2018-19 due ...

WPI inflation spikes to 4-yr high of 5.77% in June

Inflation based on wholesale prices accelerated to over 4-year high of 5.77 per cent in June on increasing prices of vegetables and fuel items, raisi...

India poised to pip Britain to become 5th largest economy next yr: Jaitley

Union Minister Arun Jaitley exuded confidence that India will pip Great Britain to become the fifth largest economy in the world next year if economi...

India has enough fire to deal with rupee volatility: FinMin

India has adequate reserves and firepower to deal with the current volatility in rupee, Economic Affairs Secretary S.C Garg said. Stressing that the ...

Tyres of Indian economy are 'punctured', says Chidambaram

Former Finance minister P. Chidambaram said that state of the economy was bad in the country due to the wrong policies of the NDA government and tyre...

IMF welcomes RBI decision to hike interest rates

The IMF welcomed as an appropriate step the decision of the Reserve Bank of India (RBI) to increase the repo rate by 25 basis point to 6.25 per cent ...

Australia's economy soars in strong start to 2018

Australia's economy recorded a strong start to the year as exports and business inventories rose, official data showed, but analysts warned soft cons...

India's GDP grows 7.7% in Q4

Robust performance by manufacturing, construction and service sectors and good farm output pushed the India's January-March 2018 GDP growth to a seve...