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Prasanna Mohanty
January 24, 2020
True extent of central government's off-budget financing is not known. CAG picked some cases for scrutiny in the recent past and found an alarming rise in the magnitude of such financing, which is not only distorting the budget numbers but also poses a serious challenge to fiscal responsibility. Part I of this two-part series looks at the trends and why it should concern all

New Delhi, January 21, 2020
Mysuru-born Gita Gopinathsaid that the economic slowdown in India had impacted global forecasts by over 80 per cent

January 20, 2020
\"The most major issue to address is the weakness in credit growth. There need to be policies that can resuscitate credit growth but at the same time don't create further NPA problems,\" said Gita Gopinath

New Delhi, January 20, 2020
IMF's chief economist Gita Gopinath spoke exclusively to Rahul Kanwal, News Director, India Today and Aajtak at the WEF meet in Davos. She elaborated on the global fallout of India's slowdown. She said the financial sector was most stressed and there was a sharp decline in credit growth. She stated that there needs to be an urgency in addressing weakness in credit growth. But she also pointed out that significant recovery was coming in due to the monetary stimulus in the system. But the government should come up with reforms and there should be quicker recapitalisation of banks in order to bring about quick recovery. She also indicated that countries which witnessed social unrest also suffered economically. Watch the video for more.Also read: Federal Bank posts record net profit of Rs 441 crore in December quarterAlso read: Jeff Bezos rides electric rickshaw; Amazon rolls out new vehicle in India  

January 17, 2020
Moody's has put the lender's long-term foreign currency rating under review as the bank's standalone viability is getting increasingly challenged by its slowness in raising new capital.

January 16, 2020
The act by the Union minister of state for finance and corporate affairs came as a surprise to several members of the city-based chambers, who attended the pre-budget meet

Prasanna Mohanty
January 16, 2020
Part II of this two-part article looks at some of the solutions that present themselves and address the pressing concerns of raising income and demand - that include raising minimum wages, expanding the job guarantee scheme, higher government investment in infrastructure etc. both as short-run and long-run measures

Prasanna Mohanty
January 15, 2020
The Central government would do well to spend more, keeping fiscal consolidation aside when consumption demand is depressed and unemployment is high, leading to a fall in industrial production, profits and investments.Part I of this two-part series looks at the ground realities from a policy perspective and solutions that always existed but received inadequate attention of policymakers

Rumki Majumdar
January 8, 2020
All eyes will be on the budget 2020 with expectations that the government will do what it takes to get the economy back on track

Team BT
New Delhi, January 7, 2020
Prescriptions from top experts in business, economics, politics and taxation

December 27, 2019
Allahabad Bank stock has gained after 3 days of consecutive fall. The stock opened with a gain of 4.79% at Rs 18.60 today

Anand Adhikari
New Delhi, December 24, 2019
The Reserve Bank of India's (RBI) annual report raises concerns over the bad loan resolution, credit growth challenges, corporate governance issues in banks and possibility of defaults in retail assets

December 22, 2019
State-owned LIC, which is the promoter of the debt-ridden lender with 51 per cent stake, will pump in an additional Rs 4,743 crore to improve the bank's capital position

Rupa Roy
December 13, 2019
Vedanta, Axis Bank, SBI, Hindalco and YES Bank were among the top gainers on Friday. Dr Reddy, Bharti Airtel, Kotak Bank, Zee Entertainment and Bajaj Auto were among the top losers.

Joe C Mathew
New Delhi, December 11, 2019
In an exclusive interview with Business Today's Joe C Mathew, OECD Chief Economist Laurence Boone says India must look at the slowdown as an opportunity and speed up reforms

New Delhi, December 6, 2019
PM Modi said that the BJP government cared for a better future and hence started the Swachh Bharat Abhiyaan. The PM said that they would now focus on the Jal Jeevan mission

November 28, 2019
Sitharaman tabled the first batch of Supplementary Demands for Grants for the financial year 2019-20 in both the Houses of Parliament saying of the total spend, cash outgo will be about 19,000 crore

New Delhi, November 28, 2019
The government has sought Rs 8,820.62 crore as grants for Union territories Jammu & Kashmir and Ladakh in lieu of the erstwhile state's share of 14th Finance Commission Award

Rupa Roy
November 25, 2019
Benchmark BSE S&P Sensex surged 530 points to hit a fresh closing high of 40,889.23, while NSE Nifty50 soared 164 points higher to end Monday's trade at 12,079

Chitranjan Kumar
New Delhi, November 19, 2019
Comparing India's much larger economy with Pakistan's smaller economy can be tricky, but it's safe to say the problem of bad debt is prevalent in both nations

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