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January 2016

India lowers GDP growth rate to 7.2 percent

January 30, 2016 by shekarm

India on Friday revised down its annual economic growth for the fiscal year that ended in March 2015 to 7.2 percent from 7.3 percent reported earlier.

 

Rajan says RBI working to clean up lenders' balance sheets

January 30, 2016 by shekarm

Reserve Bank of India Governor Raghuram Rajan said on Friday the RBI is working to ensure that commercial lenders are dealing with their stressed assets on a "proactive" basis and are provisioning for them "adequately".

India's Jaitley pushes GST, reassures on back taxes

January 30, 2016 by shekarm

Finance Minister Arun Jaitley said on Saturday he hoped the opposition Congress party will come round to backing a proposed Goods and Services Tax (GST) that it has opposed despite being the first to propose the reform.

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Rajan warns against fiscal deficit driven growth

January 30, 2016 by shekarm

Ahead of the Budget, RBI Governor Raghuram Rajan on Friday warned against generating economic growth through additional debt saying that any deviation from the fiscal consolidation path will hurt stability of the economy.

Rajan said that macroeconomic stability during the global turmoil cannot be risked and the government and

West Bengal needs to be business friendly: Jaitley

January 30, 2016 by shekarm

Blaming the model followed by the previous Left government in West Bengal from where industry moved out, Finance Minister Arun Jaitley today said the state needed to be business friendly if it were to create jobs by attracting investments.

"At present two states in the country are having revenue deficits - they are Kerala and

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GDP growth for 2014-15 marginally down to 7.2%

January 30, 2016 by shekarm

Government of India has marginally revised downward the economic growth for 2014-15 to 7.2 per cent from the earlier estimate of 7.3 per cent after factoring in latest data on agriculture and industrial production.

"The real GDP or GDP at constant (2011-12) prices for the years 2014-15 and 2013-14 stands at Rs 105.52 lakh cro

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Rajan warns against fiscal deficit driven growth

January 30, 2016 by shekarm

  • Rajan warns against fiscal deficit driven growth

West Bengal needs to be business friendly: Jaitley

January 30, 2016 by shekarm

  • West Bengal needs to be business friendly: Jaitley

GDP growth for 2014-15 marginally down to 7.2%

January 30, 2016 by shekarm

  • GDP growth for 2014-15 marginally down to 7.2%

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