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  • Rupee plunges to new low as Indian equities join global sell-off
    Finance and MarketsRupee plunges to new low as Indian equities join global sell-off

    The rupee plunged to a fresh low on Thursday, as Indian equities joined a global sell-off amid mounting concerns growth would slow in the face of a trade war between the United States and China.

    1 year ago
  • India's July industrial output eases to 6.6%
    Finance and MarketsIndia's July industrial output eases to 6.6%

    India's industrial output eased in July with a slower rise of 6.6 per cent as compared to 6.87 per cent in June, official data showed on Wednesday.

    1 year ago
  • Greece to strengthen growth path in post-bailout era: PM
    SourcesGreece to strengthen growth path in post-bailout era: PM

    Greece's exit from the harsh bailout programmes which kept the country afloat since 2010 is a reality and not a communication trick, Greek Prime Minister Alexis Tsipras said on Sunday. Tsipras made the statements at a press conference during the 83rd Thessaloniki International Fair (TIF) in northern Greece, Xinhua news agency reported. Responding to critics of his government's post-bailout economic policy and protesters who rallied on Saturday evening as he was delivering a keynote speech at the opening of the annual trade fair, Tsipras assured that the era of painful austerity was over. From now on, the focus is on necessary, feasible, and balanced measures which will strengthen the growth path of the economy, he stressed. "This is the return of independence to the Greek governments," he said at the press conference that was broadcast live on Greece's national broadcaster ERT. On August 20, Greece exited the third of the painful bailout programmes under which remarkable fiscal adjustment was achieved and structural reforms to support growth were introduced in exchange of multi-billion financial aid by international lenders. The Greek leader also responded to demonstrators who clashed with police forces on Saturday chanting slogans against the name deal reached in June between Athens and Skopje for the renaming of the Former Yugoslav Republic of Macedonia (FYROM) to Republic of North Macedonia. The agreement which needs to be approved in an upcoming referendum at Skopje and by the Greek parliament in coming months will put an end to a long-standing dispute between the two neighbouring countries over the use of the name "Macedonia". Many Greeks, according to opinion polls, still fear that the use of the name "Macedonia" which is also the name of a northern Greek province, may lead to territorial claims. "No one should play with citizens' sensitivities on national issues. We have an important agreement that will give a significant impetus to Thessaloniki, fully assures the historic heritage, opens the road to Thessaloniki and northern Greece to become the growth engine of development and paves the way for Greece to become a leading force in the Balkans region," Tsipras noted.

    1 year ago
  • Indian insurance to be $280 bn industry by 2019-20: Assocham
    SourcesIndian insurance to be $280 bn industry by 2019-20: Assocham

    The Indian insurance industry is expected to grow to $280 billion by 2019-20, aided by the Centre's Ayushman Bharat health insurance scheme, industry chamber Assocham said on Sunday, citing a joint study conducted with research firm APAS.

    1 year ago
  • Indian e-commerce market to cross $100 bn by 2022: Report
    SourcesIndian e-commerce market to cross $100 bn by 2022: Report

    The Indian e-commerce market would become worth over $100 billion by the year 2022, with a growth of around 25 per cent from the current level, a report said on Friday.

    1 year ago
  • India to become 5-trillion-dollar economy in seven years: Prabhu
    SourcesIndia to become 5-trillion-dollar economy in seven years: Prabhu

    With phenomenal changes in social and economic sector reforms, India will become a five-trillion-dollar economy in seven years from the present 2.6 trillion dollars, Union Minister for Commerce and Industry and Civil Aviation Suresh Prabhu said here on Thursday.

    1 year ago
  • Technology jobs are fastest growing for Indian professionals: LinkedIn
    SourcesTechnology jobs are fastest growing for Indian professionals: LinkedIn

    If you are aspiring to be a machine learning engineer or an application development analyst, you could be in high demand as these technology jobs are the fastest growing and is among the top 10 for professionals in India, LinkedIn global professional network site said on Thursday.

    1 year ago
  • Telangana records 22% growth rate in first 5 months
    SourcesTelangana records 22% growth rate in first 5 months

    Telangana has achieved 21.96% growth rate in the first five months of current financial year, the state government said on Wednesday.

    1 year ago
  • Countries under-estimating climate-smart growth benefits: Global Commission
    SourcesCountries under-estimating climate-smart growth benefits: Global Commission

    A report released by the Global Commission on the Economy and Climate on Wednesday found that the countries are significantly under-estimating the benefits of a cleaner, climate-smart growth.

    1 year ago
  • NPAs, not demonetisation, caused slowdown: NITI Aayog Vice Chairman
    SourcesNPAs, not demonetisation, caused slowdown: NITI Aayog Vice Chairman

    NITI Aayog Vice Chairman Rajiv Kumar on Monday said the slowdown in India's GDP growth rate is not solely due to demonetisation but because of the exponential rise in the non-performing assets (NPAs) which began way before the note-ban announcement.

    1 year ago