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Rupee-dollar swap auction: RBI receives bids amounting to $16.3 billion

The Reserve Bank of India (RBI) was successful in introducing a sound liquidity tool to improve the liquidity situation in India through the rupee-dollar...

Goldman Sachs downgrades Indian equities to ‘Marketweight’

Goldman Sachs downgraded Indian equities from ‘overweight’ to ‘marketweight’, making this the first downgrade for the market in over 4 years. The company stated that...

Indian economy ranked sixth biggest by World Bank

India’s economy is now the sixth-biggest in the world, as per data released by the World Bank for the year 2017. India was previously...

India’s GDP Forecast to Hit $5 Trillion Come 2025: Secretary of...

The past few years have seen the Indian economy adopt a number of different economic reforms that are now beginning to bear fruit. The...

India’s Economic Growth Rate for FY 2018-19 Pegged at 7.3%

The economic growth of India for FY 2018-19 has been estimated at 7.3% by the Asian Development Bank. The projected growth for the following...

Rs.2.11 trillion recapitalisation plan to boost PSU banks announced by government

In what could be a major boost to the economy, the government announced a recapitalisation plan for PSU banks which could help them negate...

Bad loans of Indian banks increase 4.5% in 2017, touch $145.56...

Banks in India are reeling under the effect of bad loans, with a report indicating that bad loans grew by 4.5 per cent in...

The fiscal deficit of India creeps to 92.4% of the full-year...

August 31, 2017 The fiscal deficit of our nation was Rs.5.05 lakh crore at the end of July. Amounting to 92.4% of the full-year estimate...

Niti Aayog lays out chart for future, economy expected to reach...

India’s economy will increase threefold over the next 13 years, with the Niti Aayog projecting it to be around $7.25 trillion or Rs.469 lakh...

Kyrgyzstan Keen on Improving Cultural and Business Relationships with India

Kyrgyzstan recently pitched for improving its relationship with India so far as the culture and business sectors are concerned. The Central Asian Republic also...