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Can the Indian economy really achieve double digit growth?

Within a span of just seven days, Prime Minister Narendra Modi has twice vouched to take the Indian economy to double-digit growth, and interim finance minister Piyush Goyal has claimed the target can be achieved by the fourth quarter (January-March)…

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Government to scrap subsidy for private electric cars

The Centre plans to scrap cash incentives currently offered to buyers of electric cars despite having incentivised these clean fuel technologies till just a few months back. The move, experts said, will further dampen sales of private electric cars.Policy-makers justified…

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Bonds slip, call rates rule steady

Government bonds (G-Secs) slipped on selling pressure from banks and corporates, while, Interbank call money rates ruled steady as demand from borrowing banks match supplies.The 7.17 per cent 10-year benchmark bond maturing in 2028 fell to Rs 95.69 from Rs…

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Google plans global e-commerce debut from India market

Sundar Pichai-led Google is seriously evaluating getting into e-commerce and India could be the first stop, it is learnt. The launch could coincide with Diwali later this year, a source said. The search giant, which was in talks to invest…

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MFIs lower rates with greater efficiency, lower cost of funds

Despite hardening of general interest rates, there’s some relief for a certain segment of micro loan borrowers by way of lower borrowing costs. A handful of microfinance institutions (MFIs) are reducing lending rates backed by improved efficiency and lower cost…

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