RBI should conduct asset quality review of banks regularly: Jayant Sinha

Union Minister of State for Finance Jayant Sinha has said that the Reserve Bank of India should conduct asset quality review of banks regularly. Speaking on the sidelines of a function in Mumbai, Mr Sinha said RBI has carried out a detailed investigation into system-wide stressed assets starting Jun...

Indian economy grows at 7.6% in last fiscal, 7.9% in Q4

The Indian economy recorded a strong growth of 7.9 percent in the fourth quarter of the 2015-16 fiscal. Growth was lifted mainly by a good performance by the manufacturing and farm sectors. Consequently, GDP growth for the full 2015-16 fiscal improved to a five-year high of 7.6 per cent. According t...

Indian economy grows at 7.6% in FY'16, 7.9% in Q4

The Indian economy recorded a strong growth of 7.9 percent in the fourth quarter of the 2015-16 fiscal. Growth was lifted mainly by a good performance by the manufacturing and farm sectors. Consequently, GDP growth for the full 2015-16 fiscal improved to a five-year high of 7.6 per cent. According t...

Core industry sectors grow by 8.5% in April

Growth in the country's eight core sectors surged to an over four-year high of 8.5 per cent in April this year. Output surged on the back of double-digit expansion in refinery products output and electricity generation. The eight core sectors had contracted 0.2 per cent in April last year, ...

Govt keen to set up stressed assets fund to fight NPAs: Sinha

Union minister of State for Finance Jayant Sinha said that India is looking to start a "significant" fund that will invest in distressed loans held by lenders, as regulators strive to clean-up non-performing loans in the struggling sector. He further added that there are several pl...

Core industry sectors grow by 8.5% in April

GMR Infra posts Q4 net loss at Rs 953.5 crore

GMR Infrastructure today reported a consolidated quartely net loss of Rs. 954 crore, compared to a net loss of 892 crores in the year-ago quarter.Total income from operations rose 29 percent.

FM Arun Jaitley promises more structural & market-oriented reforms

Finance Minister Arun Jaitley today promised more structural and market-oriented reforms as well as stepping up infrastructure spending to accelerate economic growth beyond the current 7.6 per cent.He also promised to reform the tax structure to make it simpler, predictable and stable.Speaking at &a...

FM says people with undisclosed assets should use black money disclosure window

Union Finance Minister Arun Jaitley today warned black money holders of serious trouble if they fail to come clean.Mr. Jaitley said people with undisclosed assets should use the limited period income declaration window, beginning Wednesday. The four-month window under the Income Declaration Scheme 2...

Use black money disclosure window: Arun Jaitley<br/>

Union Finance Minister Arun Jaitley today warned black money holders of serious trouble if they fail to come clean.Mr. Jaitley said people with undisclosed assets should use the limited period income declaration window, beginning Wednesday. The four-month window under the Income Declaration Scheme 2...