NEW DELHI/MUMBAI – Billions of dollars of pre-election spending by the Indian government and political parties in the next two months is unlikely to stop the nation’s economy from slowing further, economists said. Asia’s third-largest economy lost momentum in the final quarter of 2018, as the annual rate […]
New Delhi, Feb 28: India’s economic growth slipped to a 5-quarter low of 6.6 per cent in October-December period of 2018-19, mainly due to poor performance of farm, mining and manufacturing sectors, official data showed Thursday. However, India retained the tag of the fastest growing major economy as China […]
NEW DELHI – India’s economy appeared to be losing momentum in the approach to a general election that must be held by May, as a Reuters survey of economists forecast that growth slipped to 6.9 percent annually in the October-December quarter. If the forecast proves accurate, India will […]
NEW DELHI – India risks missing its budget deficit target for the current fiscal year, data released on Thursday suggested, and economists said the government had already started to cut capital spending in an attempt to narrow the gap. The data showed the fiscal deficit in the April-November […]
Mumbai, Nov 29: The BSE Sensex rose for the fourth straight session Thursday, rallying over 450 points on short-covering as the November derivatives series ended amid a robust rally in the rupee. Positive global cues after dovish comments from US Fed Chairman Jerome Powell also boosted investor sentiment, traders […]
New Delhi, Nov 18: The Centre should stick to the fiscal deficit target for 2018-19 and continue with the reforms undertaken during the over four years of the Narendra Modi-led government, former Niti Aayog Vice Chairman Arvind Panagariya said Sunday. The present government, Panagariya said, has made a huge […]
SINGAPORE/NEW DELHI – Saudi Arabia, the world’s biggest oil exporter, will supply Indian buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday. The extra cargoes indicate a willingness by Saudi Arabia to increase crude supply to […]
open view web desk MUMBAI- India on Monday moved to take control of Infrastructure Leasing and Financial Services (IL&FS), whose recent defaults have roiled Indian markets, in a rare move highlighting the extent of the woes at the debt-laden financing and construction firm. The government has filed an […]
open view web desk NEW DELHI – India will borrow gross 2.47 trillion rupees ($34.08 billion) from the market between October and March through dated securities, lower than budgeted estimates, Economic Affairs Secretary Subhash Chandra Garg said on Friday. Reuters had previously reported the borrowing for the […]
open view web desk MUMBAI – Manzoor Ahmad lost his job as an electrician and is struggling to make ends meet after a crucial road tunnel project shut down in Srinagar, the summer capital of Jammu and Kashmir state in the north. Construction of the Z-Morh tunnel came […]
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