Pink City Jaipur named World Heritage site by UNESCO; PM Modi thrilled

Jul 06, 2019

The Walled City of Jaipur, known for its iconic architectural legacy and vibrant culture, Saturday made its entry into the UNESCO World Heritage Site list.

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Trai sees local tea shops, grocers helping boost Wi-Fi connectivity

Jun 21, 2019

The corner tea shop can do a better job of bringing Wi-Fi to the masses than the country’s telecom giants—Or so the telecom regulator thinks.

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India will be the No.1 place in the world for FDI: Prem Watsa

May 27, 2019

Prem Watsa, often called the Canadian Warren Buffet, has always been a Narendra Modi fan.

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Surat will be fastest growing city in the world through 2035, says report

December, 6, 2018

When it comes to the top 10 cities for economic growth, India is set to dominate over the next two decades, according to Oxford Economics.

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India will become a 10 trillion dollar economy before 2035: Union Minister Suresh Prabhu

September 14, 2018

The Union Minister for Commerce & Industry and Civil Aviation Suresh Prabhu has said that today's India is a growing India and that phenomenal changes have been brought about in both social and economic sector reforms at the same time, under the leadership of Honourable Prime Minister Shri Narendra Modi.Noting the 8.3% growth in GDP in the last quarter, the Minister said that this is going to be consolidated, going forward.

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'Pink dollar' to boost India's economy after gay sex decriminalised

September, 12, 2018

India has been losing as much as 1.4% of its GDP because of the discriminatory law, according to calculations by University of Massachusetts Amherst economics professor Lee Badgett.

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India to be engine of world growth for 3 decades: PM Modi

August, 24, 2018

New Delhi: Prime Minister Narendra Modi today said India will be the engine of growth for the world economy for the next three decades as the "sleeping elephant" has started to run on the back of structural reforms like GST.

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Three ways to make money in a volatile market: A Balasubramanian, ABSL AMC

August, 17, 2018

As the market gets volatile with approaching elections, there is a flight to safety, A Balasubramanian, CEO, ABSL AMC, tells ET Now.

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India is the best growth option in Asia

August, 14, 2018

Experienced global equities fund manager Mary Manning was excited to be in India at precisely the same time as Prime Minister Narendra Modi orchestrated one of his radical economic manoeuvres.

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India's online retail market is a US$ 50 bn opportunity waiting to be realised

August, 12, 2018

New Delhi: As India’s Internet penetration booms (390 million Internet users) thanks to rock bottom data prices ($0.17 per GB in 2017), the country’s online retail market is witnessing a massive surge.

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The Awakening of the Sleeping Tiger

May, 07, 2018

We have long admired the potential India possesses. But until recently, the once aptly named “Sleeping Tiger” economy appeared to be hamstrung by structural issues most believed were insurmountable.

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Bombay HC judge took up cases till 3.30am

May, 06, 2018

MUMBAI: After sitting till midnight recently to hear matters, Justice Shahrukh Kathawalla of the Bombay high court topped his own record on the HC’s last working day before summer vacation by rising only at 3.30am.

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Harvard: India will be world’s fastest growing economy in coming decade

May, 04, 2018

India tops the list of the fastest growing economies in the world for the coming decade and is projected to grow at 7.9 per cent annually, ahead of China and the US, according to a Harvard University report.

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Government readies social security scheme for 50 crore workers

May, 03, 2018

NEW DELHI: The labour ministry has proposed a comprehensive social security system to provide retirement, health, oldage, disability, unemployment and maternity benefits to 50 crore workers in the country, a month after the government announced the National Health Protection Scheme announced in the Budget.

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Avg distance covered by trucks up by 100-150 km/day post GST'

January, 15, 2018

New Delhi: The average distance covered by a truck in the country has increased by up to 100-150 kilometres a day as compared to what vehicles were covering in the pre- GST era, according to logistics sector's representatives.

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Lok Sabha passes triple talaq bill

January, 10, 2018

The Lok Sabha today passed the hugely contentious bill that criminalises instant triple talaq and makes it punishable by up to three years imprisonment for the husband, a development hailed by the government as “historic” but disapproved of by a section of the opposition.

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If I had a world full of Indias, I’d sleep well: John Flannery, CEO, GE

December, 18, 2017

GE will continue to bet big on India, CEO John Flannery told Vinod Mahanta. The Narendra Modi government has brought about a notable difference in ease of doing business and GE's diesel locomotive factory project in the country is on track, he said.

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Capital goods, infra order book doubles in December quarter

December, 12, 2017

The order inflow trend for capital goods and infrastructure companies in the country has shown significant improvement, with the order value having more than doubled on a year-on-year basis in the December quarter so far.

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Indian aviation market will surpass US and China in 15-20

December, 10, 2017

India's aviation market would surpass the US and China by crossing a billion passenger trips per year in the next 10 to 15 years, Union Minister of State for Civil Aviation Jayant Sinha said here today.

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India’s air traffic grows at double that of China in October, says IATA

December, 10, 2017

India’s domestic air traffic clocked double-digit growth for the 38th straight month in October, at a rate double that of China, the International Air Transport Association (IATA) said on Monday.

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India poised to become world's third largest economy

December, 08, 2017

India is poised to become the third largest economy in the world in the next few years, Union Minister Suresh Prabhu said today, asserting that the government wants to take manufacturing to 20 per cent of the GDP, helped by SMEs.

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Card transactions soar 84% in Sep 2017 to Rs 74,090 cr: Report

November, 20, 2017

The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood at Rs 40,130 crore, thanks to the government push for non-cash payments, says a study.

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India’s First Moody’s Upgrade in 14 Years Bets on Reforms

October, 25, 2017

Moody’s Investors Service raised India’s sovereign rating for the first time since 2004, overlooking a haze of short-term economic uncertainties to bet on the nation’s prospects from a raft of policy changes by Prime Minister Narendra Modi.

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Ambani May Outsmart Amazon

October, 15, 2017

The $200 billion e-commerce market Morgan Stanley is forecasting for India by 2027 just got a new contender -- with a very different plan. Energy tycoon Mukesh Ambani has already disrupted the country's telecom industry. His next big foray may be online retail.

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Big GST relief: Tax cut on 178 items, only 50 still in 28% slab

October, 10, 2017

Providing a big relief to India Inc and consumers alike, the GST Council decided on Friday to lower the tax rate on 178 items, leaving just 50 items in the top 28 per cent rate slab under the Goods and Services Tax.

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GDP to hit USD 6 trn by 2027 on digital leap: Morgan Stanley

October, 05, 2017

India is likely to be the world's fastest-growing large economy in the next 10 years, driven by digitisation, favourable demographics, globalisation and reforms, predicts a Morgan Stanley report.

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Jump in rankings is highest any country has ever made, says FM Arun Jaitley

October, 01, 2017

India has jumped to 100th place in the World Bank's Ease of Doing Business rankings, jumping 30 notches from last year, in an endorsement of the string of reforms implemented by the Narendra Modi government.

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Government Unveils Rs 9 Lakh Crore Package To Stimulate The Economy

September, 30, 2017

Finance Minister Arun Jaitley on Tuesday announced two substantial reforms after a Cabinet meeting as the government attempts to revive the economy from its worst slowdown in three years.

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The biggest ever fire sale of Indian corporate assets has begun, to tide over bad loans crisis

September, 15, 2017

We are seeing what is effectively India Inc.’s biggest ever fire sale. It’s even bigger than the government’s planned divestment target. The Reserve Bank of India’s (RBI) has decided to clean up the balance sheets of Indian banks, which are collectively saddled with Rs five lakh crore of bad loans, by the end of this fiscal.

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New Kings Cross Theatre production shines light on human trafficking in India

September, 10, 2017

Home to about 2500 people, the village of Jatinga in Assam State, India, has a curious claim to fame. Each year, thousands of birds go there to die. The phenomenon, in which several species of birds fly headlong into buildings and trees, has made Jatinga notorious in ornithological circles as a site of mass avian suicide.Great story. But the "suicides" are a myth.

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PMI manufacturing rebounds in Aug

September, 04, 2017

A day after gross domestic product (GDP) data showed a three-year plunge in economic growth at 5.7 per cent in the first quarter of the current financial year, Purchasing Managers’ Index (PMI) data for manufacturing released on Friday gave a ray of hope.

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GST rate, returns relief for SMEs; exporters’ refunds fast-tracked

September, 01, 2017

Bringing significant relief to small and medium businesses and exporters, the Goods and Services Tax (GST) Council on Friday finalised a slew of relaxation measures. It also lowered GST rates for 27 items.

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S&P Cuts China’s Credit Rating, Citing Risk From Debt Growth

August, 25, 2017

S&P Global Ratings cut China’s sovereign credit rating for the first time since 1999, citing the risks from soaring debt, and revised its outlook to stable from negative.

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Ageing Tigers, hidden dragons

August, 15, 2017

Asia as we know it will rapidly change shape over the coming decade, with demographics set to drive huge changes in growth momentum in our region. Asia’s third wave of growth is set to begin, stirring hidden dragons, while ageing Tigers must face the challenges and opportunities of an older population.

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Australia Must Get Serious About Investing in Asia

August, 01, 2017

Sure. It's impressive. No wonder Australians like to boast about their 25 years of uninterrupted economic growth.But the achievement masks a deep complacency and risk aversion that could ultimately undo those gains.

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India Seen Topping Global Labor Force In Next Decade, Data Show

July, 25, 2017

India’s millennial generation is bigger than China’s or the U.S., which will boost the nation’s labor force to the world’s largest by 2027, according to a Bloomberg News analysis of United Nations population-projection data.

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Nifty may double within 3-4 years: Mark Mobius

July, 15, 2017

India’s high GDP growth rate and ‘more rational’ interest rates will drive BSE Sensex and Nifty, says Mark Mobius of Templeton Emerging Markets Group

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India’s political leadership is focussed on leapfrogging into future, not hampered by legacy systems: Oracle’s Safra Catz

July, 01, 2017

The US firm stresses it has the technologies and solutions that support all three pillars of Digital India—building better digital infrastructure, creating digital citizen services and making citizens digitally literate.

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‘How India Will Shape The New Global Order’ By Jayant Sinha

June, 30, 2017

Humanistic principles, the pursuit of truth, and social equality appear to be under siege around the world - as we just saw in the US and French elections, the Brexit Vote, the rise of extremist parties in Europe, and in the depredations of global terrorism.

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India overtakes China on ease of doing business, shows global retail index

June, 6, 2017

India has surpassed China to secure the top position among 30 developing countries on ease of doing business, according to a study that cited India’s rapidly expanding economy, relaxation of foreign direct investment (FDI) rules and a consumption boom as the key drivers.

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China welcomes PM Narendra Modi’s remarks on China-India border

June, 5, 2017

China welcomes Prime Minister Narendra Modi’s remarks in Russia that not a single bullet has been fired at China-India border in the last 40 years

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Govt reforms rebuilt investor confidence in Indian markets: HSBC's Bill Maldonado

May 12, 2017

HSBC Global Asset Management is upbeat about the reforms initiated by the government of Prime Minister Narendra Modi which it says has reinforced its confidence in the ability of Indian markets to deliver returns to investors.

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Why is the Indian government keen on FDI despite excess liquidity?

May 10, 2017

Indian banks are holding a near-record 5 trillion rupees (US$ 76 billion) of surplus cash, according to the Bloomberg Intelligence India Banking Liquidity Index.

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Cards and ATM to be redundent in India by 2020

May 2, 2017

The value of mobile money transactions have more than doubled since the nullification of 86 per cent of India’s cash in circulation in November, while those made with credit and debit cards has fallen, and cheque purchases have barely budged.

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India Is Winning Its War on Human Waste

May 1, 2017

Nearly three years ago, Indian Prime Minister Narendra Modi made one of the boldest comments on public health that I have ever heard from an elected official. It's still having a big impact today.

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PM launches GNFC’s cashless/less cash township model across 12 States

April 26, 2017

Prime Minister Narendra Modi, on Friday, launched in Nagpur a cashless/less cash township model, developed by Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC), across 81 townships in 12 States.

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India poised to unlock billions for roads, power investing

April 12th, 2017

A decade-long wait by India's cash-hungry real estate and infrastructure developers may finally be nearing an end.

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Press Information Bureau Government of India Ministry of Urban Development

April 11th, 2017

The Minister of Housing & Urban Poverty Alleviation Shri M.Venkaiah Naidu today launched 352 housing projects in 53 cities in 17 States across the country with an investment of over Rs.38,000 cr to build over two lakh (2) houses.

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Indian Markets Can Raise $100 Billion A Year: BSE CEO

March 27, 2017

Indian stock market can raise $100 billion of capital annually going ahead to help meet the country's funding needs, top bourse BSE's CEO Ashish Chauhan has said.

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UP election victory may put Modi govt’s reform agenda back on track

March 15, 2017

UP election results can trigger bolder initiatives than even demonetisation by the BJP-led govt, such as those on land acquisition and labour reforms

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TV viewers in India now much more than all of Europe’s

March 6, 2017

MUMBAI: Television was always big in India. It only got bigger this year — perhaps as big as the entire continent of Europe.

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HDFC Bank stock gyrates on RBI announcements

February 18, 2017

The stock of HDFC Bank on Friday, which registered a new peak in intra-day deals, could not sustain the gains, as holdings by foreign investors in the lender topped the 74 per cent limit within hours of the RBI removing the buying restriction on them.

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India well on the road to another tryst with destiny

March 2, 2017

On the eve of independence in 1947, Jawaharlal Nehru, India's first prime minister, spoke of a "tryst with destiny".

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Modern retail to touch Rs1,71,800 crore by 2019: Report

February 16, 2017

Penetration of modern retail is expected to see a substantial rise from the current 19% to 24% in three years as per the report jointly authored by Knight Frank India and RAI

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India’s budget positive for foreign investors

February 16, 2017

India’s 2017/18 budget, presented on 1 February 2017, is expected to put the country back on the shopping list of foreign investors.

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A Budget for a better India.

February 7, 2017

Budget 2017-18 is a 'Budget For Better India.' It lays out a roadmap for India's development & positively impacts every section of society.

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GST to ease loan access for millions of firms: Nandan Nilekani

February 2, 2017

The new unified taxation system will bring in millions of unorganised businesses on one platform

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In an attempt to curb black money, PM Narendra Modi declares Rs 500, 1000 notes to be invalid

November 8, 2016

In a move to curb the black money menace, PM Narendra Modi declared that from midnight currency notes of Rs 1000 and Rs 500 denomination will not be legal tender.

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GST is a big achievement and a game-changer for PM Modi’s economic reforms

November 8, 2016

GST will replace a welter of state levies that imposed heavy burdens on commerce that crossed domestic borders, creating a single market of 1.3 billion people.

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Government Decides to Raise EPFO Investment in ETF from 5 Per Cent to 10 Per Cent

October 4, 2016

The Government has decided to raise the Employees Provident Fund ( EPF) investment in Exchange Traded Funds from present 5 per cent to 10 per cent.

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Uber's India rival said to be raising $US600 million

November 8, 2016

India's largest ride-hailing startup, Ola, is in talks to raise about $US600 million ($A786 million) and may close the deal by year end, as it seeks to counter an increasingly aggressive Uber Technologies Inc in the coveted India market, according to a person familiar with the matter.

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THE MCKINSEY GLOBAL INSTITUTE ON INDIA'S ECONOMY

September 27, 2016

India’s economy: Why the time for growth is now

The driving forces of the country’s growth—including urbanization, a rising middle class, and increasing consumer spending—are ripe for companies to seize upon.

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2.5 Crore Toilets Constructed In India In 2 Years: PM Narendra Modi

October 4, 2016

NEW DELHI: Prime Minister Narendra Modi on Sunday said his government's cleanliness drive has been a great success in the past two years during which nearly 2.5 crore toilets were constructed in a bid to make India free of open defecation.

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India expected to post first current account surplus in 9 years

Sep 15, 2016

In our view, this turnaround, which comes after 9 years of Current Account deficits, adds further evidence that the reforms undertaken by the Modi Government are delivering results and they remain fiscally prudent.

New Reserve Bank of India Governor

Aug 21, 2016

India's incoming central bank governor, Urjit Patel, is widely regarded as having the professional and academic credentials he needs to make a success of his new job.

Less well known is whether a man who seems to feel most at ease in his own company commands the communication skills to answer to multiple constituencies and keep a 17,000-strong team on side.

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PM Modi proves his reform mettle

August 3, 2016

Money managers including Ashmore Group Plc and Prudential International Investments Advisers LLC have a new rationale for an old favorite trade: Prime Minister Narendra Modi’s biggest legislative victory since taking office in 2014.

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Factory activity in July grew at its fastest pace in four months

August 1, 2016

Factory activity grew at its fastest pace in four months in July as export orders jumped, but prices remained muted, giving room to the central bank to ease policy further if needed, a private survey showed on Monday.

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India's Government to announce an official inflation target

July 28, 2016

Any day now, India's government is set to announce an official inflation target for the first time -- a major step in the modernization of its economic institutions, particularly the central bank.

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Safest Portfolio Investment Destination

July 29, 2016

Political stability, credible monetary policy and the fastest growth among the world’s major economies make India the ‘safest portfolio investment destination’ among developing nations, according to Krishna Memani, New York-based chief investment officer.

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