The savings deposits with Indian banks stood at Rs 35.99 lakh crore in 2017-18, the Reserve Bank of India (RBI) said, while it stood at Rs 55,896 crore for foreign banks in the same fiscal.
Economy
Why is the Indian government reforming FDI norms?: Piyush Goyal
Reforming FDI policy is a continuous process which is done after considerable stakeholder consultations. Recently, in a cabinet meeting chaired by Prime Minister Narendra Modi several changes have been made in the FDI Policy.
Retrospective taxes, cancellation of coal blocks among reasons behind decline in private investments: Shamika Ravi
In 2012, Pranab Mukherjee, proposed to amend Income-Tax Act, 1961 with retrospective effect to tax Vodafone-type merger.
“Automobile industry affected by mindsets of millennial”: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman in a press conference on Tuesday said that the government is fully aware of the ongoing slowdown in the automobile sector and is taking measures to revive the growth. Citing the reasons for sluggish growth in auto sales, Sitharaman said slowdown is not just because of a[Read More…]
Investor’s wealth worth Rs 12.5 lakh gone in first 100 days of Modi 2.0
The Sensex witnessed a fall of 5.96 (2,357 points) since the BJP came into power with a resounding mandate.
NBFCs, HFCs to face growth, funding headwinds: India Ratings
India Ratings and Research (Ind-Ra) has revised its sector outlook on NBFCs to negative from stable. The agency has maintained its negative outlook on large ticket HFCs.
Consumption slowdown began with demonetisation, reveals RBI data
According to the report, following demonetisation, earnings in the Micro Small and Medium Enterprises have specifically dropped, contributing to the phenomenon.
Can’t reach $5 tn economy without top class engineers: Niti Aayog CEO Amitabh Kant
Kant was congratulating the 30 recipients of the Ratti Chhatr scholarship, sponsored by Panasonic India.
“Not earning single penny”: Poultry farmers forced to close business amid struggling economy
Farm owners recently took out a rally and urged the state government to take steps to save the farms.
Most Indians feel economy rigged to favour powerful: Survey
Nearly 68 per cent Indians also feel that the traditional parties and politicians do not care about them, revealed the global survey by market research firm Ipsos.
