Free Press Journal
  • Economy judged by people’s life: Chidu

    New Delhi : Former Union Finance Minister P Chidambaram on Monday tore apart the Modi government for thousands of empty words on the Indian economy since its fourth anniversary celebrations began on May 26, asserting that what matters to the overwhelming majority is whether the economy made their life worse or better.

  • Chidambaram participates in a panel discussion

    Tyres of Indian economy are punctured, says P Chidambaram

    New Delhi: Former finance minister P Chidambaram today said that state of the economy was bad in the country due to the wrong policies of the NDA government and tyres of three of the four wheels on which the economy rides were punctured.

  • The revival signs of Indian economy

    After the unmitigated gloom peddled by the Opposition and a section of the media, there is light at the end of the tunnel for the Indian economy. The Central Statistics Office’s provisional GDP estimates for 2017-18 suggest that growth recovered to a brisk 7.7 per cent in the January-March 2018 quarter, the highest real GDP growth in seven quarters.

  • India’s Q4 GDP growth  hits 2-year high of 7.7% in Q4

    New Delhi : The Indian economy grew 7.7 per cent year-on-year during the January-March 2018 period, its quickest pace in nearly two years, helped by robust performance by manufacturing, construction and service sectors and good farm output, government data showed on Thursday.

  • Narendra Modi, Manmohan Singh, India, Karnataka Assembly Election 2018

    Karnataka Elections 2018: Manmohan Singh blast PM Modi for ‘disastrous policies’, ‘economic mismanagement’

    Bengaluru: Former prime minister Manmohan Singh today launched a scathing attack on the Modi government for its “disastrous policies” and “economic mismanagement”, and said the country was facing crises that were avoidable. Singh attacked the government over a series of banking sector frauds, saying the money swindled almost quadrupled from Rs 28,416 crore in September 2013 to Rs 1.11 lakh crore in September 2017.

  • Delicate balance between the Union and the States

    The constitution of India laid out clearly in its seventh schedule which legislative and policy areas would be with the Centre and which would be with the States. There are three lists in the seventh schedule, called the Union list, the States list and the concurrent list. This demarcates not only the responsibilities but also their “powers”. Two more schedules were added (eleventh and twelfth) to the constitution after the 73rd and

  • India’s Growing Middle Class – Ryan Andreas, Quantified Commerce

    Life is improving at a phenomenal rate for the Indian people. A 2016 study found that, the middle class has more than doubled in size from 2004 to 2012, to 600 million people. A 2007 study from the McKinsey Global Institute, which called India a “bird of gold” because of its expanding consumer market, didn’t expect the middle class to reach nearly half the population until 2025. This should give you just some idea

  • Economic growth likely to hit 7.5% in 2018-19: Niti VC Rajiv Kumar

    New Delhi: Niti Aayog Vice Chairman Rajiv Kumar expects India’s economy to grow by at least 7.5 percent in 2018-19 on the back of improvement in investment cycle and capacity utilisation. The government should now concentrate on consolidating the reform initiatives undertaken in the last 47 months, he added.

  • India’s GDP to grow 7.4% this fiscal, says Patel

    Washington : The Indian economy gave a resilient performance in 2017-18 and the country’s growth is expected to accelerate next fiscal, RBI Governor Urjit Patel has said.

  • Rupee continues downward spiral amid capital flight

    Mumbai : The Indian rupee extended its losing run for the second straight day, falling by another 15 paise to end at a near 7-month low of 65.64 against the US dollar amid persistent capital outflows and a fresh ripple of geopolitical tensions.

  • PNB fraud: Damn the banking regulations

    The common citizen is today a victim of false hopes. On one hand is the narrative of India as the bright spot in the global economy with growth numbers that in simplistic calculations are presented as looking better than any place else. There is the story of how India has moved up on the index of ease of doing business. We are a technology powerhouse and sell solutions to the world. Drunk

  • Cong to NDA: Bring out white paper on banking system

    New Delhi : The Congress on Sunday alleged “fraudsters” were linked to the “highest echelons” of the BJP-led NDA and urged the government to bring out a white paper on the banking system which it said had witnessed scams involving over Rs 61,000 crore in the last five years.