Economy News

Government unveils recapitalisation plan

The government on Wednesday announced the details of the Rs 2.1 lakh crore recapitalisation plan for public sector banks (PSBs) it had announced in October 2017.

posted by Jawwad Kazi 25th Jan 2018

Japan for greater ties with India in food processing

At the joint meeting of the India-¬Japan Business Cooperation Committee organised by industry bodies FICCI and the Japan Chamber of Commerce and Industry, Japanese ambassador said there was plenty of room to expand India-¬Japan ties, especially in food processing.

posted by Jawwad Kazi 24th Jan 2018

Railways for better operating ratio this fiscal

Indian Railways is likely to end this financial year with an operating ratio of 95 per cent and set a target to improve it to 93 per cent in the next fiscal.

posted by Jawwad Kazi 24th Jan 2018

NPAs to rise to Rs. 9.5 lakh cr. by March

According to a recent report, India’s banking sector will be saddled with gross non-performing assets (GNPAs) worth a staggering Rs. 9.5 lakh crore by March-end, rising from Rs. 8 lakh crore a year earlier

posted by Jawwad Kazi 23rd Jan 2018

India to regain fastest-growing economy tag for next two years: IMF

The International Monetary Fund (IMF) by keeping its growth projection for India unchanged at 6.7 per cent for the current fiscal, said India will again emerge as the world’s fastest-growing major economy, at least for the next two years.

posted by Jawwad Kazi 23rd Jan 2018