Gurumurthy said \"In just 18 months prior to DeMo 500 rupee, 1,000 rupee rose to 4.8 lakh crore that is what funded the real estate and gold prices and we would have gone the same way, 2008 in the US due to sub-prime lending...\"

Reserves help RBI tide over tough times and should be managed accordingly.

FM Arun Jaitley says Mastercard, Visa losing out to RuPay and UPI after demonetisationIndia's finance minister has said that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the U.S. government that Prime Minister Narendra Modi was using nationalism to promote a local rival. Finance Minister Arun Jaitley spoke about the surging growth of RuPay and Unified Payment Interface (UPI), which allows swift inter-bank fund transfers, on ...

Finance Minister Arun Jaitley spoke about the surging growth of RuPay and Unified Payment Interface (UPI), which allows swift inter-bank fund transfers, on the second anniversary of demonetisation

Niti Aayog vice chairman Rajiv Kumar today said that it wasn't demonetisation but deleveraging of credit under former RBI governor Raghuram Rajan that led to economic slowdown.

India's declining savings rate could well pose a serious challenge to overall growth and macroeconomic stability.

Given that services account for over 53 per cent of the Indian economy today - while industry, which includes manufacturing, accounts for roughly 29 per cent - any contraction in the sector is pretty bad news.

Industry of over 6,000 traders, who export staggering $23 billion worth of diamonds each year with a value addition in excess of $7 billion, is worried the Nirav Modi-PNB scam will make things difficult for the sector that's is still trying to find its feet after demonetisation and GST.

Industry stakeholders as well as the common man are eagerly looking to Finance Minister Arun Jaitley to deliver a make-happy Budget with an eye on general elections next year.

India's economic growth would accelerate to 7 to 7.5 per cent in the 2018-19 financial year, enabling the country to bounce back as the world's fastest growing major economy, according to the economic survey tabled in Parliament on Monday.

The Economic Survey also said that India's GDP was set to grow 7 - 7.5 percent in 2018-19, an increase from its prediction of 6.75 percent growth this fiscal.

Former RBI governor Raghuram Rajan is not known to hold back his punches. And defaulting promoters are a pet target of his. He has said it many times before, and he's just said it again in Davos: Promoters of companies that go belly-up have to face strong consequences.