- Jul29By PTI
India saw a record 53 per cent increase in FDI in last two years as the investment climate brightened due to steps taken to foster growth, price stability and fiscal prudence which also improved the overall macroeconomic stability, government said on Friday.
In order to ensure cash flow for starting highway construction, the government will give 10 per cent of the project cost as advance to private developers in all projects bid
- Jul28By PTI
In order to reduce external vulnerabilities and improve investment prospects, the government should continue with its fiscal consolidation activities including passage of GST Bill, further subsidy reforms and easing domestic supply bottlenecks, says an IMF report.
The commerce and industry ministry on Thursday expressed hope of improving India's ranking in ease of doing business on account of several steps taken by both Centre and states.
By Isabel Reynolds & Keiko Ujikane, Bloomberg
Japanese prime minister Shinzo Abe on Wednesday announced plans for more than 28 trillion yen ($265 billion) in economic stimulus in an effort to prop up the nation’s economy.
- Jul27By PTI
A good monsoon can help add “a percentage point” to India's GDP growth in the current fiscal, from 7.6 per cent in 2015-16, NITI Aayog vice chairman Arvind Panagariya said on Wednesday expressing confidence in crossing the 8 per cent mark.
- Jul26By Reuters
The US Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.
Moving to a GST regime will be beneficial for the Indian economy on multiple counts, and though its impact on growth will be negative in the short-run, it is expected to be positive in the long-run, says a report.
By Nupur Acharya & Kartik Goyal, Bloomberg
Indian bonds are offering two rarities for investors in global markets still reeling from the UK’s decision to quit the European Union: high yields and a stable currency.
- Jul25By Reuters
Central banks from Washington to Tokyo take centre stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain’s shock vote to leave the EU.
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