Moody’s warns India could be headed for debt trap and recessionary phase

New Delhi: Moody’s Investors Service has downgraded its outlook on India’s ratings to “negative” from “stable”, attributing increasing risks that the country’s economic growth will remain lower than in the past. Government responded to the downgrading saying India continues to be among the fastest growing major economies in the world, India’s relative standing remains unaffected. The […]

Representative Image (IANS)

Rs 2,000 notes can be demonetized without disruption: Ex-department of economic affairs Secretary

New Delhi: Endorsing the estimates of Rs 2,000 notes shrinking in circulation, former department of economic affairs (DEA) secretary S.C. Garg has said that the high-value notes can be demonetised without causing any disruption. He claimed that the Rs 2,000 notes may not have been in circulation much now as they have been hoarded by people. […]

RBI Governor Shaktikanta Das (File Photo/IANS)

PMC Bank despositors’ woes mount as RBI Governor abroad

Mumbai: The aggrieved depositors of the scam-hit Punjab & Maharashtra Cooperative Bank Ltd found no solution at a meeting with Reserve Bank of India (RBI) officials as the apex bank Governor Shaktikanta Das is currently touring abroad, representatives said here on Tuesday. A delegation of the protesting depositors, which was called by the RBI for […]

Union Finance Minister Nirmala Sitharaman (File Photo: IANS)

Goa spent Rs 3.26 cr on day-long GST Council meet: RTI

Panaji:  The Goa government coughed up Rs 3.26 crore for hosting a day-long meeting of the 37th Goods and Services Tax Council chaired by Union Finance Minister Nirmala Sitharaman and held last month in a star resort, RTI data showed. Information obtained through the Right to Information Act by city lawyer Aires Rodrigues from the Commissioner […]