Economy and Finance

News and views related to the Indian Economy and Financial sector

World Bank says India to retain status as fastest growing economy, 7.5% growth predicted for 2019

India's GDP is expected to grow at a rate of 7.5% in the 2019-20 financial year.

Agriculture, Manufacturing and Industry to push GDP growth to 7.2% in 2018-19 as against 6.7% last year

The numbers suggest growth in agriculture, manufacturing and construction sector contributing massively to the GDP

Vijay Mallya declared fugitive economic offender, properties can now be confiscated

A special PMLA court today declared Vijay Mallya a fugitive economic offender under the FEO Act,2018.
Reserve Bank of India

Decline in gross NPA ratio of commercial banks, may decline further, says RBI in Financial Stability Report

RBI governor Shaktikanta Das has added that stress test results further indicate an improvement in NPA ratio but its current level remains still high for comfort.

59-minute loan approval scheme has approved loans of 1.12 lakh MSME applicants in less than 2 months

Bank of Baroda and Union Bank of India are leading among the banks with loans sanctioned by them amounting to 43% of the total amount sanctioned.
Ministry of corporate affairs

More than 1 lakh companies removed from the Registrar of Companies for not doing any business for two years

Companies without any business for two years are deleted from the register of companies

A comprehensive farm relief plan by the centre likely soon: Reports

PM Modi, Amit Shah, Arun Jaitley and Agriculture Minister Radha Mohan Singh met to outline a broad plan to tackle the growing agrarian distress.

Measures adopted by the Modi government paying off, the recovery against NPAs has doubled for public sector banks

As revealed under the Asset Quality Review (AQR), the NPAs have been piling up since 2008, during the tenure of the UPA government.

We only outrage, we never celebrate

Positivity has no place in public discourse in today's India
Modi addressed a rally in Jalpaiguri, WB

In a year when markets have sunk across the world, Modi’s India shines, tops China in corporate deals

This is the story that they will not tell you. In a year when markets have sunk across the world, India, under Prime Minister Modi, shines

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