Economy needs to grow at 7 per cent in the next three quarters: Dr C. Rangarajan
Sep 22, 2017, at 09:15 pm
New Delhi, Sept 22 (IBNS): To get 6.5 per cent for the year as a whole, the economy needs to grow at 7 per cent in the next three quarters, probably rate of growth will be around 6.5 per cent, said Dr C. Rangarajan, Former Chairman-Economic Advisory Council to the Prime Minister of India & Former Governor, RBI at an ASSOCHAM event held in New Delhi today.
CPI moves up to 2.36 percent in July
Aug 15, 2017, at 12:23 am
New Delhi, Aug 14 (IBNS): India's annual consumer price inflation moved up to 2.36 percent in July, official data released on Monday revealed.
External rupee value far greater than internal; mismatch hurting exporters: ASSOCHAM
Aug 08, 2017, at 12:11 am
New Delhi, Aug 7 (IBNS): Declining by close to six per cent over the last one year, rupee is now trading at 63.63-70 against 66.93 to a dollar in August, 2016.
Banks may need 20% incremental provisioning for 50 large stressed assets: Study
Aug 05, 2017, at 01:28 am
New Delhi, Aug 4 (IBNS): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of the banking sector, noted a recent joint study by ASSOCHAM-Crisil.
19 per cent of Indian population is still unbanked: ASSOCHAM-EY
Jul 26, 2017, at 01:41 am
New Delhi, July 25 (IBNS): Despite rationale and a strong institutional credit network, India’s financial services ecosystem lags in terms of physical infrastructure and has failed to reach the poor, more than 19% of the population who are unbanked or financially excluded, noted a recent ASSOCHAM-EY joint study.
New food policies could take the bite out of India’s malnutrition, says study
Jul 22, 2017, at 02:16 am
New York, July 21 (IBNS): India has spent the last 50 years combating hunger by boosting its production of staple crops like wheat, rice and maize. The strategy has worked – up to a point.
June retail inflation eases to 1.54 percent
Jul 12, 2017, at 11:47 pm
New Delhi, July 12 (IBNS): India's Consumer price inflation eased to 1.54 per cent in June, as per the latest government data released on Wednesday.
IIP growth slows to 1.7 per cent in May
Jul 12, 2017, at 11:36 pm
New Delhi, July 12 (IBNS): India's factory output moved up by 1.7 per cent in May, official government data released on Wednesday said.
India's industrial input grows by 3.1 pc in April 2017 from last year
Jun 13, 2017, at 12:04 am
New Delhi, June 12 (IBNS) India’s industrial output grew at 3.1 percent in April 2017 from the corresponding period last year, according to the quick estimates of Index of Industrial Production (IIP), said the government on Monday.
Indian economy grew 6.1 pct in Q4
May 31, 2017, at 11:39 pm
New Delhi, May 31 (IBNS): In the fourth quarter ending in March, India's economic growth slowed down to 6.1 percent, government data released on Wednesday showed.
Budget: Political Parties cannot receive donation above Rs. 2,000 in cash from one person
Feb 02, 2017, at 12:30 am
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitely while presenting the General Budget 2017-18 in Parliament on Wednesday said that the political party can receive maximum donation up to Rs. 2,000 in cash from one person.
Budget 2017: New law to freeze assets of offenders who flee, bad news for Mallya
Feb 01, 2017, at 06:12 pm
New Delhi, Feb 1 (IBNS): Union Finance Minister Arun Jaitley, while presenting the Budget 2017 on Wednesday, said that the government proposes to freeze the assets of offenders who flee the country, according to media reports.
Jan 21, 2017, at 12:53 am
New Delhi, Jan 20 (IBNS): The number of digital financial transactions made through Unified Payments Interface (UPI) and Unstructured Supplementary Service Data (USSD) mode has grown exponentially by 3,574 per cent and 10,603 per cent respectively till 18th January 2017, Union Minister of State for Law & Justice and Electronics & Information Technology, P.P. Chaudhary said at an ASSOCHAM event held in New Delhi today.
Agent, sales person least trustworthy for those buying insurance: ASSOCHAM study
Jan 08, 2017, at 01:30 am
New Delhi, Jan 7 (IBNS): Insurance agent is taken as the least trustworthy source in the sales process of an insurance policy across different policy segments both among the financially literate and financially non-literate consumers, an ASSOCHAM study has found.
Growth will be lower because of demonetisation: Chidambaram
Jan 07, 2017, at 09:33 pm
New Delhi, Jan 7 (IBNS): Congress leader P Chidambaram on Saturday attacked the Centre over the note ban issue and said the move will lower India's growth.
Effective implementation of schemes announced by PM will boost India’s economic growth: ASSOCHAM
Jan 04, 2017, at 03:35 am
New Delhi, Jan 3 (IBNS): Terming the steps announced by Prime Minister Narendra Modi in his address to the nation on New Year’s Eve as ‘extremely positive for the Indian economy,’ apex industry body ASSOCHAM today said that the focus should now be on effective implementation of these schemes to drive economic growth.
Dec 26, 2016, at 10:12 pm
New Delhi, Dec 26 (IBNS): In order to mitigate the problems of farmers and those engaged in allied activities like poultry farming and horticulture, arising out of the demonetization, the ASSOCHAM has suggested issuance of Transferrable Receipts (TRs) by agencies like the Food Corporation of India (FCI), National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and other Central and state entities against procurement of the farm produce.
Growth rate should be high if benefits of growth are to percolate down to all: Arun Jaitley
Sep 02, 2016, at 11:56 pm
Mumbai,Sept 2 (IBNS): Union Finance Minister Arun Jaitley has said that if the benefits of growth are to percolate down to the last man, especially minorities, it is important that the growth rate should be high enough.