Economy

Lower food prices eased India's August retail inflation to 3.69% from 4.17% in July, official data showed on Wednesday.   However, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in August 2018 was higher than in the corresponding period last year, when it stood at 3.28...
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Ten years ago, on September 15, 2008, the dream run of the world economy came undone with the collapse of Lehman Brothers, revealing a rotten scaffolding of financial skulduggery beneath.   Lehman's failure had been the inevitable fallout of a systemic economy-wide pattern of...
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An upswing in manufacturing activity and revival of private investment, supported by strong consumer demand, accelerated India's gross domestic product (GDP) growth rate during the first quarter of FY2018-19 to 8.2%, official data showed.   While growth in gross value added (GVA) is a...
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The Reserve Bank of India (RBI) emphasised the need to improve transparency in interest rates that banks use to give loans to consumers on floating rate basis.    The RBI introduced the system of MCLR, or the marginal cost of funds-based lending rate, in 2016 to improve the efficiency...
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India’s real gross domestic product (GDP) is likely to grow 7.4% in the year ending March 2019, up from 6.7% a year ago, the Reserve Bank of India (RBI) said.     Helping a pick-up in economic activity is improving corporate sales, pick up in manufacturing and mining, agricultural...
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