Sunday , November 24 2024

Business

Suggestion to give priority to development of service sector to accelerate economic development

MUMBAI: To achieve sustainable economic growth and create jobs, India must prioritise development of services sector over manufacturing sector, former Reserve Bank of India (RBI) governor Raghuram Rajan said while addressing the annual conference of the World Bank. He argued that the manufacturing sector is not the only option for …

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Corporate bond issuance declined by 36 per cent in the first quarter of the current financial year

Ahmedabad: Corporate bond issuance in April-June this year was nearly one-third lower than the same period last year due to uncertainty over election results and the upcoming union budget. According to Prime Database, corporate bonds worth Rs 1.88 lakh crore were issued in the first quarter of the current fiscal …

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