Economy - general
India’s April-January trade deficit up at $118.37 bn
13 Feb 2015
India piled up a trade deficit of an estimated $118.37 billion in the first 10 months of the current financial year despite falling oil prices
Government to slap criminal cases on black money suspects
12 Feb 2015
The union government announced today that its ‘crusade’ against black money stashed abroad will now focus on criminal proceedings
What was it worth? Assessing the value of Obama’s India visit
11 Feb 2015
Normally, the visit of a high-powered foreign dignitary is the occasion for a lot of announcements about partnerships and projects. This trip was no exception. But while such statements are often forgotten, this time there was evidence that the Obama visit had pushed the government to quick action on various fronts. Republished with permission of Knowledge@Wharton
Corporates using shell firms to pay bribes, says HDFC’s Parekh
11 Feb 2015
Respected banker Deepak parekh says bribes paid by corporations are disguised so well and look completely genuine or go through a large web of unidentifiable shell companies that the best of forensic accountants find it difficult to trace it
India’s GDP projected to grow at 7.4% in 2014-15
09 Feb 2015
Per capita income in the country is now estimated to grow 6.1 per cent in 2014-15 against the previous year`s estimate of 5.4 per cent, reaching a level of Rs74,193 in 2014-15 compared to Rs69,959 for the 2013-14 fiscal
Jaitley vows to stick by deficit target despite expansionism calls
06 Feb 2015
The government's top two economic advisers, Arvind Panagariya and Arvind Subramanian, have both advocated loosening deficit targets to allow public spending on infrastructure and help revive economic growth
Fragile oil prices bolster India’s budget
05 Feb 2015
HDFC Bank launches Rs10,000 share float; fixes floor for QIP issue at Rs1,061.84
05 Feb 2015
The majority of the mop up will come from foreign investors