Industrial output dips to 2.7 percent in May

Industrial production in the country in May slowed to 2.7 per cent from 5.6 per cent a year ago, dragged down by manufacturing, strengthening the case for an RBI rate cut. The Index of Industrial Production for April too has been revised downwards to 3.36 per cent from the earlier estimate of 4.1 pe...

Sown crop area up 60 percent

The total Kharif sown area in the country stands at 445.11 lakh hectare as compared to 275.10 lakh hectare last year. Significant increase has been recorded in oilseeds sowing this season and it has reached 101.26 lakh hactare while last year it was 22.24 lakh hectare. Similarly pulses sowing have t...

Industrial output dips to 2.7 percent in May

Industrial production in the country in May slowed to 2.7 per cent from 5.6 per cent a year ago, dragged down by manufacturing, strengthening the case for an RBI rate cut. The Index of Industrial Production for April too has been revised downwards to 3.36 per cent from the earlier estimate of 4.1 pe...

Forex reserves down USD 704 mn to USD 354.517 bn

Stock markets continue downslide; Sensex declines over hundred points

The domestic stock markets lost some ground again, today, despite a recovery in the global markets. The Sensex at the Bombay Stock Exchange declined 114 points, to close at 27,574. Yesterday, the Sensex had plunged almost 500 points. The Nifty at the National Stock Exchange lost 35 points, to 8,329....

India to beat China again as fastest-growing in 2016: IMF

IMF today said that India will be the world's fastest growing economy for the second consecutive year in 2016 at 7.5 per cent even as it decreased its current year global economy growth forecast to 3.3 per cent. In its World Economic Outlook Update, IMF retained India's growth fore...

India, US sign agreement to implement FATCA

India and United States have signed Inter Governmental Agreement to implement the Foreign Account Tax Compliance Act (FATCA). The agreement will promote transparency on tax matters. Revenue Secretary Shaktikanta Das and U.S. Ambassador to India Mr Richard Verma signed the agreement in New Delhi toda...

Indian economy sustainable at 8-10%: Panagariya

National Institution for Transforming India (NITI) Aayog vice chairman, Professor Arvind Panagariya, has said that in the longer-run, the growth will be sustained by between 8 per cent and 10 per cent per annum over the next 15 years. Speaking at the Singapore India Business Dialogue 2015 organised ...

Chinese shares rebound after regulators' calming efforts

Mainland Chinese shares rebounded today after regulators took further steps to try to calm the stock market. The Shanghai Composite index reversed earlier losses to close up 5.76%, its biggest percentage gain since 2009. A move to ban big investors from selling stocks may have helped to support the ...

BSE proposes delisting over 1,000 stocks suspended for 7 yrs

In a major clean-up exercise, Bombay Stock Exchange (BSE) has proposed delisting more than 1,000 companies from its platform. This was because trading in their shares have remained suspended for more than seven years for various penal reasons.A proposal in this regard has been sent by Asia'...