India’s GDP grows at 6.6% in third quarter of FY2019

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India’s Gross Domestic Product (GDP) grew a lower-than-expected 6.6 per cent in the October-December period, the lowest in five quarters, dragged by lower farm and manufacturing growth, government data showed. India’s GDP growth was revised down to 7 per cent from 7.1 per cent in the second quarter ended September 30, 2018, according to data released […]

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Daily Masala

Here is what others are talking about this morning: Asian shares near one-year high, dollar slips after soft U.S. data Oil dips on oversupply; calls for producer meeting met with scepticism Gold climbs as dollar falls on weak U.S. data Rio, BHP attack Australian iron ore levy plan as damaging, unfair The world’s energy engine […]

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India makes changes in its gold monetisation scheme to attract more depositors

India announced modifications to its gold monetisation scheme to attract more depositors in its efforts to boost the plan that has generally received a lukewarm response. The finance ministry said in a statement it had received several suggestions to make it easier for customers to participate in the scheme that has mobilised just over 900 […]

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