The poor response from PSBs is partly because of higher existing exposure to NBFCs via lending, issues with NBFCs portfolio quality because of job losses, and stagnant income levels

On pending compensation cess disbursal to states, FM Nirmala Sitharamam said that there is no review being done in the current structure

Analysts attribute a sharp plunge in India's GDP in the first and second quarters of FY 20 -- 5 per cent in April-June and 4.5 in July-September quarter -- for a delay in achieving the target

Economists and analysts see a slow and arduous economic revival from here. But some say it can be accelerated

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

The offshore route will allow better-placed NBFCs to further diversify funding sources after fairly volatile domestic liquidity conditions over the past year

Thousands of workers have already protested the privatisation of BPCL, fearing job losses, as India plans to invite international energy firms to participate in the privatisations

India's GDP growth rate slowed down to 4.5 per cent in the July-September quarter of this fiscal; matters have worsened since the June quarter when GDP growth slowed to 5 per cent, lowest in six years and a quarter

Penning down his recommendations to help the ailing Indian economy out of the ongoing slowdown in the India Today magazine, he called for reforms to liberalise capital, land and labour markets, and spur investment as well as growth

Among other things, Raghuram Rajan called for reforms to liberalise capital, land and labour markets, and spur investment and growth

The Lok Sabha has already passed the bill, which will replace the ordinance promulgated on September 20, 2019, to cut the rate of base corporate tax to 22 per cent from 30 per cent

MPC Meet: Reserve Bank of India Governor Shaktikanta Das-headed MPC has cut interest rates on every bi-monthly meet since he joined the apex bank last December

Diesel accounts for about two-fifths of refined fuel demand in India, which has grown by its slowest pace since fiscal year 2014 this year amid tight credit markets, contracting auto sales and slowing rail and air traffic

Sundar Pichai to replace Larry Page as CEO of Google parent Alphabet as co-founders step asideGoogle Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, extending a long retreat from public roles and active management by Page and Sergey Brin at the company they co-founded 21 years ago. Page, Brin and Pichai have all shared an emphasis on developing artificial intelligence software to make web searching and other tasks faster, while long-time produc...

RBI MPC meet: If the Reserve Bank of India cuts the repo rate on Thursday, it would be the sixth reduction in the short-term lending rate in 2019

IIT Hyderabad saw 53 offers by 15 companies. The institute also received six international offers from companies TSMC, SMS DataTech and NTT-AT

A batch of gloomy data, including weak Oct exports and retail sales, have painted a dark picture for the Japan's economy after figures last month showed growth nearly stalled in the third quarter

In five reductions by RBI's monetary policy committee (MPC) so far in 2019, interest rates have been lowered by a total of 135 basis points over concerns that growth momentum is slowing down and also to try to boost liquidity in the financial system

In a series of tweet, Sitharaman said that in the last six months, the govt brought several reforms such as a cut in corporate tax, strategic disinvestment, labour reforms and so on

Q2 GDP: Recession, simply put, is when an economy starts to decline in value. It means that the country is producing and earning less than what it did before