RBI cuts GDP forecast to 5% in FY20; sees early revival signs

New Delhi (IANS) With the second quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth forecast for the current fiscal to 5 per cent.

In its October monetary…

End of road for GST rate cuts? Council to mull tax revamp

New Delhi (IANS) A major revamp of goods and services tax structure is on cards when the GST Council meets during second fortnight of December to review the existing tax structure and compensation cess rates as part of a larger exercise to shore up…

AWS puts Mahindra Electric in top gear as India adopts EVs: CEO

Las Vegas (IANS) With India planning to replace a significant portion of its conventional internal combustion engine fleet by electric vehicles (EV) in the next decade and target 30 per cent of all cars on the road to be EVs by 2030,…

Airtel to consider equity-debt mix for Rs 35K cr AGR funds

New Delhi- (IANS) Bharti Airtel board will meet on Wednesday to explore ways for fundraising to meet the AGR dues of Rs 43,000 crore to the government within the stipulated three month period expiring on January 24.

The company will consider…

Bankers look to resolve Suzlon to stop contagion effect

New Delhi (IANS) Bankers may make one more attempt to resolve the account of troubled wind turbine maker Suzlon Energy to prevent the failure of one big wind energy player from triggering contagious defaults affecting the health of the entire sector.

Sensex up 280 pts, RIL 3%, Airtel 8%

Mumbai (IANS) Both the Sensex and Nifty on Monday opened slightly higher led by heavyweight like Reliance Industries (RIL), Bharti Airtel following tariff-hike announcement of up to 40 per cent on Sunday by the telecom companies.

The biggest…

Notes in circulation have increased since demonetisation

New Delhi (IANS) The notes in circulation (NIC) in the economy have increased to Rs 22,420 billion in November 2019, as compared to Rs 17,741 billion on November 4, 2016, just before Prime Minister Narendra Modi announced the demonetisation measure,…

RBI may cut rate by 35-40 basis points

NIFTY made a new lifetime high on Tuesday, November 26, and did so again two days later. Friday saw a sharp correction with the expected weak GDP numbers. The week ended with the BSE SENSEX gaining 434.40 points or 1.08 per cent to close at 40,793.81…

Japan not to join RCEP without India's participation

New Delhi (IANS) In a major boost to India's stand on not joining the trade bloc which includes China, Japan has clearly said that it is not considering signing the Regional Comprehensive Economic Partnership (RCEP) without India's participation.

FM hints at more interventions amid growth pangs

New Delhi (IANS) Finance Minister Nirmala Sitharaman said on Saturday that several significant steps in structural reforms have been taken in the past few months and responses/interventions addressing the needs of the economy will continue, indicating…