Business

April 16, 2016 6:46 PM

Nirmala Sitharaman meet start-up entrepreneurs<br/>

Commerce and Industry Minister Nirmala Sitharaman on Saturday had an open chat with budding entrepreneurs in New Delhi to take stock of Start-up India action plan.Instead of entrepreneurs going to the ministry to raise their grievances, the Minister herself interacted with them and listened to their...

April 15, 2016 7:54 PM

China economy slows down to 6.7%

China&apos;s economic growth has slowed to 6.7 percent in the first quarter of 2016, the slowest pace seen since the height of the global financial crisis seven years ago. State media reported today that the nation&apos;s gross domestic product grew 6.7 percent compared to the year before, r...

April 15, 2016 4:42 PM

More rate cuts on lower inflation, good monsoon: Raghuram Rajan

Reserve Bank of India governor Raghuram Rajan has said the central bank may further lower its key interest rate if inflation continues to ease. In an interview to the Wall Street Journal, Rajan said the RBI is also looking at the progress of the monsoon this year, after two consecutive bad years. Ra...

April 15, 2016 1:30 PM

India, US to collaborate on tackling offshore tax evasion

India and the United States have agreed to enhance collaboration on tackling offshore tax evasion and increase co-operation in sharing of cross-border tax information. Finance Minister Arun Jaitley and US Treasury Secretary Jacob Lew co-chaired the 6th US-India Economic and Financial Partnership on ...

April 15, 2016 12:53 PM

WB polls: Nomination papers of 351 candidates found valid for 5th phase

In West Bengal, nomination papers filed by 351 candidates have been found valid during the scrutiny held for the 5th phase polling. In this phase, 53 assembly seats in the state will go for polls on 30th April. Tomorrow is the last day for withdrawal. Election Commission sources informed AIR that 22...

April 15, 2016 12:53 PM

More rate cuts on lower inflation, good monsoon: Rajan

Reserve Bank of India Governor Raghuram Rajan has said RBI may further lower the interest rate if inflation continues to ease and the monsoon turns out to be good. Earlier this month, RBI reduced its repo rate by 0.25 per cent to 6.5 per cent, its lowest level in more than five years. Mr. Rajan is i...

April 15, 2016 8:36 AM

China's economy grow 6.7 per cent in first quarter of the year

China&apos;s government has said, the country&apos;s economy grew 6.7 per cent in the first quarter of the year compared to the same time last year. The latest figures are in line with what many economists had been expecting. It is the slowest quarterly growth in the Chinese economy in seven...

April 15, 2016 8:13 AM

India keen to resume FTA talks with EU: Nirmala Sitharaman

Commerce and Industry Minister Nirmala Sitharaman has said that India is keen on resuming long-stalled talks for trade pact with the European Union. Talking to reporters in New Delhi, the Minister said, she has approached 28-nation bloc for a meeting of chief negotiators of the two sides on the issu...

April 15, 2016 8:13 AM

Growth can surpass 7.5% if monsoon forecast comes true: FM

Union Finance Minister Arun Jaitley has said India may grow faster than 7.5 per cent growth rate which it recorded last year if predictions of above-average monsoon rainfall come true. Mr Jaitley, on the first day of his 7-day visit to the US, said, the Indian economy registered 7.5 per cent growth ...

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