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Reserve Bank of India's Monetary Policy Committee decided to cut benchmark lending repo rate by 0.25 per cent to 5.15 per cent in a bi-monthly meeting in Mumbai on Friday.
RBI cuts repo rate by 0.25 per cent to support growth
04 Oct 2019 12:10 PM

The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.

According to the survey, new work intakes contracted in September, after an 18-month sequence of expansion. (Photo : Representational)
Due to weak demand, India's services sector activity contracts in Sep: PMI
04 Oct 2019 11:52 AM

The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.

In the last five years, the economy has grown at about 7.5 per cent. The country's growth rate of 8.1 per cent in the last quarter of 2017-18 has fallen to 5 per cent in April-June, 2019-20, Kant said at a World Economic Forum event in New Delhi on Thursday. (Photo: File)
Many more structural reforms in offing to propel growth: Kant
03 Oct 2019 3:40 PM

I think many more structural reforms are in the offing. The government has pushed for disinvestment, said the Niti Aayog CEO.

From 2004 to 2014 we did not implement any structural reforms. During 2014 to 2019 we have implemented a couple of them like Bankruptcy Code and GST. So I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian. (Photo: File | Twitter)
Corporate tax cut is a signal to structural reforms: CEA
02 Oct 2019 6:34 PM

I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian.

Leading consumer durable maker Samsung, is expecting double-digit growth in TV panel market, during this festive season sales. (Photo: Representational)
Consumer durable manufacturers look forward to festive season for sales revival
29 Sep 2019 3:51 PM

Manufacturers expect factors like good monsoon and recent stimulus measures by the government will have positive impact on sales.

If required, the government may request the Reserve Bank of India for interim dividend of Rs 25,000-30,000 crore during the current fiscal, an official said. (Photo: Representational)
Govt may seek Rs 30,000 cr interim dividend from RBI
29 Sep 2019 2:39 PM

Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth.

Developing Asia, a group of 45 countries across Asia and the Pacific, will likely grow 5.4 per cent this year and 5.5 per cent next year, down from the 5.7 per cent and 5.6 per cent growth forecast in July, the ADB said.
Trade tensions darken growth outlook for developing Asia: ADB
25 Sep 2019 12:30 PM

Growth in the region was 5.9 per cent in 2018.

The government is active, the fundamentals of Indian economy is intact and we will continue to do whatever it required to take india back to high trajectory growth rate, said Niti Aayog CEO Amitabh Kant. (Photo: File)
Govt doing everything possible to bring India back on high growth path: Kant
18 Sep 2019 6:17 PM

We need to think what kind of innovation we need to undertake to attain a high growth, said Niti Aayog CEO Amitabh Kant.

There is a whole bunch of things that the finance minister just announced. There will be more. Of course, there is a Budget in few months from now where bigger and more clear vision for next few years will be unveiled," said Principal Economic Adviser Sanjeev Sanyal. (Photo: File)
More space on monetary side than fiscal for boosting growth: Sanyal
18 Sep 2019 12:40 PM

Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.

With regard to structural reforms, RBI Governor Shaktikanta Das said the RBI has already pointed out in its annual report. (Photo: File)
5 pc Q1 growth surprise; economy will look up with measures taken: RBI Gov Das
16 Sep 2019 7:25 PM

He said that the RBI has been cutting rates to give a boost to the economy as slowdown was visible for past few months.

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