Category Archives: Economy

Warning alert issued by Raghuram Rajan for Modi government on the economy

Former RBI governor Raghuram Rajan expresses that the current condition of the economy is “very worrisome.” According to him, pressing reforms are required in order to boost the economy and energise the private sector to invest. Other than that the current way of GDP calculation also needs to be revised. Rajan told CNBC TV18: “There… Read More: Warning alert issued by Raghuram Rajan for Modi government on… »

RBI Governor Shaktikanta Das: Despite all challenges faced in the economy, mood should remain positive

Despite all the challenges faced by the Indian economy, Shaktikanta Das, governor of Reserve Bank of India stressed on the importance of “sentiment and mood”, which according to him should be “positive and optimistic.” “The mood today ranges from existential angst to a positive attitude,” said by das at FIBAC which is a banking sector… Read More: RBI Governor Shaktikanta Das: Despite all challenges faced in the… »

Indian stock market to gain as Asian peers rise on stimulus policy

Indian equities are expected to rise higher on Monday riding on optimism in global markets. On Monday, Asian stock witnessed a raise as the hope of more stimulus from central banks around the world and steps being taken by big economies such as China and Germany soothed investors’ fear of a sharp global economic slowdown.… Read More: Indian stock market to gain as Asian peers rise on… »

Finance Ministry asked public sector banks to get suggestions from branches to achieve $5 trillion economy

The finance ministry has asked PSBs to start a consultation process with the branch officers in order to get ideas to achieve a $5 trillion economy in the coming five years. The suggestions emanating from a month-long campaign is said to start from this Saturday. It is going to be used as inputs for the… Read More: Finance Ministry asked public sector banks to get suggestions from… »

Modi reviews the state of the economy with Sitharaman, FinMin officials

Prime Minister Narendra Modi took stock of the economy on this Thursday, amid rising concerns over a slowdown, weak consumer confidence and increased loss of investor wealth from falling stock prices. The review took place at the residence of the Prime Minister, after his Independence Day address to the nation. It was attended by Nirmala… Read More: Modi reviews the state of the economy with Sitharaman, FinMin… »

India does not have a 10% GDP growth rate model right now: Rakesh Jhunjhunwala

Rakesh Jhunjhunwala, the big bull of D-street in an exclusive interview with CNBC-V18 expressed his concerns about the state of the market, and slowdown seen in the economy. Jhunjhunwala pointed out the NBFC crisis, elections, as well as fiscal situations, have led to a short-term slowdown in the economy. He said: “Every bank is shy… Read More: India does not have a 10% GDP growth rate model… »

According to Morgan Stanley, the global economy is going to enter the recession phase in 9 months excluding India

Global economies are showing clear signs of weakness which could lead to a worldwide recession. According to Morgan Stanley, the world economy is going to enter the phase of recession in the next 9 months. One of the biggest factors that have resulted in a weakened world economy is the growing tension between the two… Read More: According to Morgan Stanley, the global economy is going to… »