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India's fiscal deficit hits half of budgeted target in first two months of FY20

Economy

28 June, 2019

India's fiscal deficit hits half of budgeted target in first two months of FY20

India's fiscal deficit in May stood at 3.66 trillion rupees ($53.04 billion), or 52% of the budgeted target for the ......

India's tariff hike unacceptable, must be withdrawn: Trump

Economy

27 June, 2019

India's tariff hike unacceptable, must be withdrawn: Trump

U.S. President Donald Trump on Thursday asked India to withdraw retaliatory tariffs that New Delhi imposed this month, calling the ......

Budget 2019: Govt may let fiscal deficit rise as tax collections fall short

Economy

21 June, 2019

Budget 2019: Govt may let fiscal deficit rise as tax collections fall short

India's government is likely to overshoot the budget deficit target previously set for the current fiscal year, three officials have ......

US Fed keeps rates unchanged, signals cuts to fight growing economic risks

Economy

20 June, 2019

US Fed keeps rates unchanged, signals cuts to fight growing economic risks

The U.S. Federal Reserve on Wednesday signalled interest rate cuts beginning as early as July, saying it is ready to ......

India's trade deficit widens to $15.36 bn in May

Economy

14 June, 2019

India's trade deficit widens to $15.36 bn in May

India's trade deficit widened to $15.36 billion in May from a year ago, the trade ministry said in a statement ......

Retail inflation rises to 3.05% in May; industrial output grows 3.4% in April

Economy

12 June, 2019

Retail inflation rises to 3.05% in May; industrial output grows 3.4% in April

India's retail inflation rate picked up in May on higher food prices, but stayed below the central bank's target, potentially ......

Former top adviser says India GDP growth may be overstated; govt defends

Economy

12 June, 2019

Former top adviser says India GDP growth may be overstated; govt defends

The Indian government on Tuesday defended its methodology of calculating the country’s economic growth, countering the argument of a former ......

Global economic outlook turns sour as US-China trade war drags on

Economy

07 June, 2019

Global economic outlook turns sour as US-China trade war drags on

The synchronised global economic expansion, cheered on by investors who pushed Wall Street stocks to a record high last month, ......

RBI cuts repo rate to 5.75%; changes policy stance to 'accommodative'

Economy

06 June, 2019

RBI cuts repo rate to 5.75%; changes policy stance to 'accommodative'

The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while ......

Union Budget to be presented on July 5

Economy

31 May, 2019

Union Budget to be presented on July 5

India will announce its full-year budget for the year ending March 2020 on July 5, India's farm minister Narendra Tomar said on ......