Economy

The US sanctions have already damaged Iran's currency, the rial, as oil is Iran's main source of income. The Iranian currency has declined more than two third of its value since May.

Beijing: China’s gross domestic product (GDP) grew 6.7 per cent year on year in the first three quarters of 2018 to about 65.09 trillion yuan ($9 trillion), data from the National Bureau of Statistics (NBS) showed on Friday. The growth was in line with market expectations and higher than the government’s annual growth target of around …

United Nations: The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with medium-term prospects remaining positive. The IMF’s Asia and Pacific Regional Economic Outlook report said that India was …

New Delhi: The winter session of Parliament saw the opposition targeting the government on a number of issues, including the triple talaq bill, which could not be passed in the Rajya Sabha despite strenuous efforts by the Bharatiya Janata Party (BJP). The government was, however, able to push some of its legislative agenda during the session, …

Washington: There was never any talk by the Indian government about announcing a fiscal stimulus package for boosting the economy, Finance Minister Arun Jaitley asserted. “I have not used that phrase (fiscal stimulus). I said we will respond to situations and your fraternity translated the word respond as meaning stimulus,” Jaitley told reporters here on Saturday …

New Delhi: Patting the back of veteran Bharatiya Janata Party (BJP) leader Yashwant Sinha for slamming the Modi government for the current state of economy, former finance minister P Chidambaram on Wednesday wondered will the Centre admit the truth that economy is sinking. Earlier in the day Yashwant Sinha, who served as the Finance Minister …

New Delhi: In a shocker to the Bharatiya Janata Party government at the Centre, the former Finance Minister and senior BJP leader Yashwant Sinha has some hard-hitting remarks for whom he calls ‘superman’ Finance Minister Arun Jaitley. Sinha has lashed out at Jaitley for making a ‘mess’ of the Indian economy which is headed for a …

New Delhi: Senior Bharatiya Janata Party (BJP) leader and Union Minister Nitin Gadkari on Monday admitted that there were “some problems” with the economy but asserted that the Prime Minister Narendra Modi-led government at the Centre was correcting them on a “war footing”. The Minister for Road Transport and Highways attributed the slowing down of …