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Major reform bills coming in last 3 days of session: Jaitley
New Delhi, Dec 19: The government intends to bring important legislation on structural reforms in the remaining three day left of parliament's winter Session, notwithstanding the setback on the GST Bill, Finance Minister Arun Jaitley said…
Moody’s upgrades South Korea’s Sovereign Rating
Seoul, Dec 19: Global rating agency Moody's on Saturday upgraded South Korea's sovereign credit rating by one notch to Aa2, the third-highest in Moody's rating tier.
The upgrade came eight months after the credit appraiser revised up…
China to keep economic stimulus in 2016: Bloomberg
Beijing, Dec 19: China is expected to keep its stimulus measures including interest rate cuts in 2016 to underpin economic growth, Bloomberg economists has said.
"The central bank will likely make two 25 bp cuts in the loan rate and…
India slashes growth forecast, ambivalent on deficit
New Delhi, Dec 19: India sharply cut its growth forecast by as much as one percentage point to 7-7.5 percent for this fiscal, cautioning that challenges remain despite progress, while also sounding circumspect on meeting the fiscal deficit…
BSE Sensex closes 285 Points down
Mumbai, Dec 18: A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), provisionally closed Friday's trade 284.56 points or 1.10 percent down.
The wider 50-scrip Nifty of the National Stock Exchange…
GDP expected to grow 7-7.5 percent, mid-year analysis
New Delhi, Dec 18: India's economy is expected to register a GDP growth in the range of seven and 7.5 percent in 2015-16, the mid-year economic analysis has said noting further that the reforms process was gathering momentum.
The…
Retail inflation this fiscal at 6 Percent: Mid Year Review
New Delhi, Dec 18: Retail inflation for fiscal 2015-16 is expected to be at 6 percent, the government said on Friday, while lowering its growth forecast for the Indian economy to between 7-7.5 percent.
The retail inflation projected in…
India’s official growth target cut, outlook on inflation better
New Delhi, Dec 18: Cautioning that challenges remain in the Indian economy despite progress, the finance ministry has sharply cut its growth forecast for this fiscal to 7-7.5 percent from 8.1-8.5, but said inflation remained under control.…
Google to train two million Android developers: Pichai
New Delhi, Dec 18: Global internet search engine giant Google will train two million new Android developers in the next three years, its chief executive Sundar Pichai said here on Thursday.
"As per the new plan (by Google), we will…
More foreign banks to operate in Myanmar
Nay Pyi Taw, Dec 18: Myanmar's central bank will permit more foreign banks to operate in the country, the media reported on Friday.
The foreign banks and banks which have opened representative offices in the country can apply for opening…