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India vows action, warns hoarders after inflation spike

Last Updated: Tuesday, June 17, 2014, 11:58

India is committed to easing bottlenecks that have caused inflation to spike, Finance Minister Arun Jaitley said, blaming energy costs and "speculative hoarding" for a rise in wholesale prices that contributed to an investor selloff on Monday.

Economic outlook turns encouraging for new govt

Last Updated: Friday, June 13, 2014, 09:42

India`s new government got the best news on the economy in a year on Thursday, as industrial growth rebounded and retail inflation dropped to a three-month low - signs of an economic revival that could offset the threat of patchy summer rains.

India set to grow at 5.5% in FY15: World Bank

Last Updated: Wednesday, June 11, 2014, 10:14

The World Bank projected India`s growth at 5.5 percent in fiscal 2014-15, accelerating to 6.3 percent in 2015-16 and 6.6 percent in 2016-17 as it urged developing countries to double down on domestic reforms.

India poised to return to high growth path: OECD

Last Updated: Tuesday, June 10, 2014, 19:40

India has grown below 5 percent in each of the two previous financial years mainly because of the global slowdown.

RBI's goal is to balance growth, inflation: Rajan

Last Updated: Tuesday, May 27, 2014, 13:07

Raghuram Rajan said on Tuesday fighting inflation would continue to be a top priority, although the central bank will also aim to strike a balance between promoting economic growth and containing inflation.

New Finance Minister Arun Jaitley an effective foil for Modi

Last Updated: Tuesday, May 27, 2014, 12:12

Finance is arguably the most crucial portfolio in Modi`s new government as it seeks to drag India out of its economic torpor and create enough jobs for the 10 million young people who join the workforce each year.

Sensex hit by profit taking as Modi names cabinet

Last Updated: Tuesday, May 27, 2014, 11:40

The BSE and the Nifty were trading lower upto 0.4 percent lower as investors continued to book profits.

Arun Jaitley takes charge as FM; promises to contain inflation, promote growth

Last Updated: Tuesday, May 27, 2014, 11:19

On whether he would focus on inflation at cost of growth, Jaitley said a "the balancing act" will have to done.

'Govt should divest stake in cash-rich PSUs to revive economy'

Last Updated: Friday, May 09, 2014, 17:57

The new government should divest stake in the top 10 cash-rich PSUs to raise Rs 1 lakh crore and utilise the money to provide the much-needed push to economic growth and tide over revenue shortfall, an industry chamber said today.

FM pitches for more investments to attain higher growth

Last Updated: Thursday, May 08, 2014, 16:11

The Finance Minister said inflation is being driven mainly by food items and the open market sale of food grains is a way of cooling prices.

Economic growth of 6% in FY15 is possible: Chidambaram

Last Updated: Thursday, May 01, 2014, 16:11

India's economy is likely to recover and achieve 6 per cent growth in 2014-15 on the back of sound economic policies and a pick-up in investment, Finance Minister P Chidambaram said on Thursday.

NCAER projects 5.1-5.5% GDP growth in FY15

Last Updated: Wednesday, April 30, 2014, 21:13

Think-tank National Council of Applied Economic Research (NCAER) has projected a 5.1-5.5 percent economic growth in 2014-15 for India.