ECONOMY

Reforms need to be backed by rapid execution, say panellists at VCCircle LP summit

March 01, 2017 | Bruhadeeswaran R & Ranjani Raghavan

The 2017 Union Budget can lead to long-term benefits if policy reforms are implemented at the ground level, said panellists at News Corp VCCircle Limited Partners Summit.

India manufacturing activity expands a tad in February

March 01, 2017 | Reuters

Indian factory activity expanded for a second straight month in February, while an increase in raw material costs pushed firms to raise prices at the fastest rate in nearly three and a half years, a business survey showed on Wednesday.

India GDP grows 7% in Oct-Dec despite note ban woes

February 28, 2017 | Oineetom Ojah

India’s economy unexpectedly grew 7% in the October-December quarter of 2016, indicating that the impact of the shock ban on high-value banknotes in November wasn’t as adverse as initially feared.

India’s Oct-Dec GDP growth likely near three-year low

February 24, 2017 | Reuters

India's economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following Prime Minister Narendra Modi's surprise decision to ban high-value currency notes, a Reuters poll of economists showed.

Reticent Patel flummox markets, businesses

February 17, 2017 | Reuters

MUMBAI (Reuters) - Denny Jose, a small-town caterer in Kerala, was closely watching the RBI meeting last week.

India’s wholesale prices rise 5.25% in January

February 14, 2017 | Reuters

India's wholesale prices rose at the fastest pace in two-and-a-half years in January as fuel prices climbed, reinforcing the Reserve Bank of India's decision last week to move to a neutral policy stance as inflation risks grow.

India needs open trade policy, says NITI Aayog CEO Amitabh Kant

February 13, 2017 | Bhanvi Arora & Shruti Jain

ndia needs to open its economy in a major way to overcome the challenges in becoming a 21st century knowledge economy, Amitabh Kant, chief executive officer of National Institution for Transforming India (NITI) Aayog said.

RBI to remove all cash withdrawal limits from March 13

February 08, 2017 | Reuters

The Reserve Bank of India (RBI) said it would remove the cash withdrawal limit from automated teller machines (ATMs) and savings accounts from March 13.

RBI keeps rates on hold, cuts growth forecast again on note ban

February 08, 2017 | TEAM VCC

The Reserve Bank of India kept its main lending rate unchanged on Wednesday and hinted any further reduction was unlikely anytime soon in an unexpected move that stumped analysts and investors.

Just one in five active listed firms to benefit from corporate tax cut

February 07, 2017 | Keshav Sunkara

Ahead of this year’s budget, the media was agog with speculation that finance minister Arun Jaitley will give companies something to cheer about on the tax front.

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