Free Press Journal
  • ‘Capital infusion in PSBs, Bharatmala to boost GDP’

    New Delhi : India Inc Tuesday welcomed the government’s decisions to infuse Rs 2.11 lakh crore capital in PSU banks and approve Rs 7 lakh crore worth highway projects, including Bharatmala, saying these steps will boost economy and help revive private sector investment.

  • India Inc disappointed over RBI decision to hold rates

    New Delhi : Disappointed by the RBI’s move to leave the key rate unchanged, India Inc Wednesday said the central bank should have accorded precedence to revving up economic growth while curbing inflation. The industry argued that a rate cut would have propelled demand as interest rates remain unduly high. “In context of the current industrial situation, we felt there was a need for a further cut in the repo rate. Growth

  • Modi-Trump meet restores confidence in bilateral ties: India Inc

    New Delhi : India Inc on Tuesday gave a thumbs up to the first bilateral meeting between Prime Minister Narendra Modi and US President Donald Trump and said the commitment to intensify economic cooperation has reinstated the confidence in the partnership between the two nations.

  • Wholesale inflation at five-month low, India Inc. calls for rate cut

    New Delhi : A decline in food prices dragged India’s annual rate of inflation based on wholesale prices to its lowest level in the last five months and prompted India Inc. to call for a monetary policy easing. According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, decelerated further in May 2017 to 2.17 per cent from 3.85 per

  • India Inc pitches for RBI rate cut as IIP growth slips

    New Delhi : As India’s industrial output growth slipped to 3.1 per cent in April, the industry reiterated its demand for an interest rate cut by the RBI, saying it was imperative to boost growth and consumer demand.

  • Note ban hit GDP growth; RBI must cut rates, says India Inc

    New Delhi  : The government’s note ban move clearly had a debilitating impact on India’s economy, the industry said today, after GDP data showed growth declined to 6.1 per cent in the January-March quarter. India lost the tag of the world’s fastest growing major economy to China with a gross domestic product growth of 6.1 per cent in the fourth quarter. For the full 2016-17 fiscal, GDP growth stood at a three-year