Economic Affairs

GDP grows at 7.3% in September quarter

November 30, 2016

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has come up with the Gross Domestic Product (GDP) estimates for the second quarter (July-September) of 2016-17. Accordingly, the Indian economy has grown at the rate of 7.3% in the second quarter. This is up from the 7.1%...

Gross Non-Performing Assets of PSU banks touch over 6 lakh crores

November 29, 2016

The government has said that the Gross Non-Performing Assets (NPA) of public sector banks as of September 2016 has touched nearly six lakh thirty thousand crore rupees. The total number of NPA accounts in the country is around 66 lakh 40 thousand. To tackle the menace of NPAs, the...

Budget on February 1 to help Kick-Start Projects earlier

November 28, 2016

The central government expects that its proposal to present the union budget on February 1 will kick start developmental projects from April 1 itself. The government has said that its decision to present the budget early would not get impacted by the recent demonetisation carried out by the government....