The cash-strapped government on Wednesday announced a slew of austerity measures including a ban on creation of new posts and forbidding conferences at five-star hotels.

To make it easier to do business in India, a committee led by former Sebi chairman M. Damodaran has recommended disincentivising use of civil courts in contractual disputes, weeding out unwanted regulations and proper due diligence before setting up new regulatory authorities, among others.

India’s GDP grew at a mere 4.4 per cent in the first quarter (April-June) of the current fiscal, adding gloom to the country’s already grim economic situation.

The manufacturing sector contracted by 1.2 per cent in the first quarter, a reflection of overall slowdown in the economy.

Chief economic adviser Raghuram Rajan will be the new governor of the Reserve Bank. At 50, he will one of the RBI’s youngest governors when he takes charge on September 5. His appointment is for three years.

Eminent economist and chief economic adviser Raghuram Rajan said that no one can have any doubt about the country’s promise.

Hitting back at the Opposition for focusing only on “one bad year”, Prime Minister Manmohan Singh on Friday assured industry that the government will leave no stone unturned to ensure that the Indian

The government, in fire-fighting mode to arrest the slide of the Indian rupee, on Tuesday decided to increase the FDI cap in telecom, insurance, credit information and asset reconstruction companies.

On the boundary issue, Chinese Premier Li Keqiang said India and China have the “wisdom” to find a mutually acceptable solution to the problem which the two sides have not shied away from addressing.

Chinese Premier Li Keqiang on Tuesday offered to initiate talks for a free trade agreement with India and showed a willingness to give greater market access to Indian products to address New Delhi’s c