Top headlines: Govt steps on consumption, DBS cuts India forecast, and more

The financial services major said India's economy sharply decelerated this year as the financial sector reported stress

Govt taking steps on raising consumption to boost growth: CEA Subramanian

Presenting steps taken by the government in the past few months to pull the economy out from a six-year low growth, CEA Krishnamurthy Subramanian said the measures include corporate tax cuts to improve risk-return of companies. Read more

DBS sees slow recovery for Indian economy, cuts GDP growth forecast to 5%

Singapore's DBS Banking group has cut India's GDP growth forecast for this fiscal to 5 per cent from 5.5 per cent earlier and said that it will be a "slow climb to recovery" for the economy. Read more