Record industrial slump to restrict GDP growth to 5% this year
India is set to clock economic growth of 5 per cent in the current fiscal year, sharply down from last year’s achievement of 6.8 per cent, showed the data released by the National Statistical Office (NSO). Read more
Weak private lenders many go under the hammer
In a first, the Reserve Bank of India (RBI) is planning to auction private sector banks that have been suffering from poor financial health for a prolonged period. This is part of the RBI’s plan to adopt a differentiated regulatory regime for public