Economy

Budget has no roadmap: Raja

8:20 pm July 9, 2019

New Delhi: Lambasting the Union Budget, Former Union Minister A Raja Tuesday said that it has no roadmap. “I am not really able to respect the budget. You gave the budget…But what are all the assurances given in the budget. In order to achieve the assurances there is no roadmap at all,” Raja (DMK) said, […]

Economic Survey 2018-19 highlights

1:40 pm July 4, 2019

New Delhi: Following are the highlights of the Economic Survey 2018-19 tabled in Parliament Thursday: * GDP growth pegged at 7 pc in 2019-20, up from 6.8 pc last fiscal * Growth in current fiscal to be driven by investment, consumption * Sustained 8 pc growth needed to become a USD 5-trillion economy by 2024-25 […]

Reserve Bank imposes Rs 2 cr penalty on SBI

SBI plans tapping Singapore SME businesses

9:16 am June 22, 2019

Singapore: The State Bank of India is planning to expand its market in Singapore by enhancing its relationship across small and medium enterprises (SMEs) some of which have strong footholds across Asia Pacific. Acknowledging the stiff competition from Financial Technology (FinTech) companies, the SBI is also contemplating introducing its YONO SBI app while having opened remittance services to all bank accounts through eRemit and remittance kiosk […]

Will Trump's mishandling of records leave a hole in history?

US economy reigns supreme but IMF warns of growing risks

11:51 pm June 6, 2019

Washington: The US economy is expanding faster than any other advanced nation, and in weeks will hit a historic milestone, but the International Monetary Fund and many economists are warning of building signs of trouble. President Donald Trump’s multi-front trade wars, especially with economic power China and the coming conflict with Mexico, threaten to stifle growth in those countries and have dire […]

Rupee ends almost flat at 69.28 against dollar after RBI cuts rate

8:03 pm June 6, 2019

Mumbai: The Indian rupee recouped most of its early losses and closed marginally lower at 69.28 to the US dollar after the Reserve Bank in a widely expected move cut key interest rates by 0.25 percentage point. To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 per cent and changed its […]