- ECONOMY
India to clock GDP growth of 6.5 pc in FY24 despite high crude oil prices: NITI Aayog member Arvind
Mr. Virmani has confidently stated that the gross household savings ratio in India has consistently increased.
According to NITI Aayog member Arvind Virmani, the Indian economy is projected to grow at approximately 6.5 percent in the current fiscal year, despite the challenges posed by ....
- ECONOMY
Keep calm: On solar radiation management
Out of the 31 Appellate Tribunals spread across 28 Indian States and Union Territories, Uttar Pradesh boasts the highest count. According to CII, expediting the resolution of cases through specialized tribunals will greatly boost business sentiments in India. The Finance Ministry offici.... During COP28, it's essential for developing nations to contemplate the proposed target, but only if the developed nations commit to fair and absolute domestic targets. The 28th Conference of Parties (COP28) of the United Nations Framework Convention on Climate Change (UNFCCC), set t.... Failure to effectively control inflation could pose additional risks to economic growth. The most recent data from the National Statistics Office (NSO) regarding the Consumer Price Index (CPI) suggests that while there has been a slight decrease in the pace of price increases compared to July'....
Failure to control inflation can pose additional risks to economic growth. The most recent data from the National Statistical Office (NSO) on the Consumer Price Index (CPI) suggests that while there has been a slight slowdown in the rate of price increases compared to July's 15-month high, it.... The government has extended the PLI scheme by another year to enable the auto industry to reap the benefits of the incentives provided for manufacturing advanced automotive technologies. On Tuesday, the government announced that the first Production-Linked Incentive (PLI) scheme for Adv.... The Indian Government has introduced a new fee structure for Shakti smart cards, setting the application fee at ₹10 and the issuance letter fee at ₹2. This results in a total cost of ₹14.16, inclusive of GST (Goods and Services Tax). After the Karnataka state government's deci.... In rural India, inflation continues to remain high at 7.02%, but urban consumers are facing even higher food inflation at 10.4%. In August, India's retail inflation saw a slight decrease to 6.83%, down from July's 15-month high of 7.44%. However, the cost of food remained notabl.... Ed-tech giant Byju’s is exploring the sale of its overseas ventures, Epic and Great Learning, as part of its strategy to repay a substantial $1.2 billion (₹9,956 crore) loan owed to its lenders. An insider familiar with the matter disclosed this information. Byju’s, a prom.... In a significant development for the Indian stock market, the index has reached a new closing high at 19,996.35, marking a gain of 0.89% compared to the previous trading day's close. Continuing the upward trend seen throughout the past week, the NSE Nifty 50 index achieved a remarka.... In October 2021, India's foreign exchange (forex) reserves had touched a historic high of $645 billion. However, these reserves faced a decline as the central bank utilized them to safeguard the Indian rupee from the pressures primarily stemming from global developments over the past year.
The question of unemployment holds immense potential to impact any government's fortunes in India. To effectively address this challenge, it's crucial to grasp how it is defined and quantified in a developing Indian context. When the Periodic Labour Force Survey (PLFS) was relea.... The Ministry of Finance has recently made changes to the Central GST law regarding the calculation of the value of supply for online gaming and casinos, in line with the decision of the GST Council last month. On September 6, the government officially announced these amendments to the G....
The State Bank of India (SBI), the renowned public sector bank, has proudly announced the successful implementation of Unified Payments Interface (UPI) interoperability in the Digital Rupee (₹), also known as Central Bank Digital Currency (CBDC). "This innovative feature, easily ....
Job creation witnessed a decline over the last four months, despite a significant increase in new orders, which grew at the fastest rate since January 2021. According to the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), the order books and production levels .... In the interbank foreign exchange market, the Indian rupee kicked off at 82.58 and reached a low of 82.76 during intraday trading. The rupee wrapped up the day at 82.70 (provisional) against the U.S. dollar on Friday, maintaining a stable performance. This was influenced by the increase....
The CAG report had raised concerns about the high expenses and the presence of rival infrastructure. A senior official from the Ministry of Road Transport and Highways has contested the Comptroller and Auditor General's (CAG) findings regarding the substantial increase in costs for .... As per the agreement, companies have the right to recover all the expenses they've incurred before sharing profits in a pre-determined ratio with the government. Renowned mining tycoon Anil Agarwal's Vedanta Ltd has emerged successful in an arbitration against a....
One of the two inquiries that have puzzled SEBI so far pertains to 13 overseas entities that were categorized as public shareholders of the Adani group of companies. SEBI, the Securities and Exchange Board of India, has stated that its investigation into two important aspects raised by .... Prior to the visit of U.S. President Biden to Delhi, Ambassador Garcetti envisions collaboration on trade, counter-terrorism, G20, and China. Anticipating U.S. Congressional approval for the GE-HAL jet engine deal, a groundbreaking technology transfer between India and the U.S., Ambassa.... The Reserve Bank of India's initiative to establish a 'Public Tech Platform for Seamless Credit' is a commendable step aimed at simplifying the credit process, especially for small borrowers. Recently unveiled as part of the Statement on Developmental and Regulatory Policies, this pla....
The Reserve Bank of India (RBI), which anticipates a GDP growth of 6.5% in FY24, has predicted an expansion of 8% during the April-June quarter. Experts stated on August 22 that the actual growth of the country's real GDP in the first quarter is likely to surpass the Reserve Bank.... India's tobacco and tobacco product exports during 2022-23 amounted to ₹9,740 crore, with a significant contribution from cigarette-type tobacco, such as Flue Cured Virginia (FCV) and Burley, as highlighted by Sharad Tandan, the director of the Tobacco Institute of India (TII). Ta.... NCCF and NAFED Procure Onions at Historically High Rate of ₹2,410/quintal, States Union Food and Consumer Affairs Minister Even as onion farmers halted trading at Nashik's Agricultural Produce Market Committee (APMC), the Central government has engaged with the Maharashtra Governm....
The imposition of export duty arrives amidst reports indicating a potential increase in onion prices in the upcoming month of September. On August 19, the government enforced a 40% duty on onion exports, aiming to curb the escalation of prices and enhance the availability of onions in the local m.... Political leaders need to introspect whether attention-grabbing GDP figures genuinely guarantee comprehensive economic well-being for all. Participating in the debate on the motion of no-confidence in Parliament last week, Union Finance Minister Nirmala Sitharaman eloquently discussed I.... UPL SAS and NSL Sugars Join Forces to Boost Sugarcane Yield In a significant stride towards agricultural advancement, UPL SAS and NSL Sugars have sealed a promising partnership aimed at enhancing sugarcane yield. This collaboration is poised to revolutionize the sugarcane industry, fost.... Reserve Bank Introduces New Guidelines for Personal Loans | Latest RBI Norms Introduction: Power generation touched 4,882 megawatts on 16th August Tamil Nadu achieved a remarkable milestone in solar power generation by reaching an impressive 4,882 megawatts on the 16th of August. This achievement outshined the previous record of 4,866 megawatts established on the 26.... Axis Bank has stated that both these products will be offered in a completely digital manner and will not require customers to submit any documents. Shortly after the Reserve Bank of India (RBI) announced a pilot initiative called the Pilot for Public Tech Platform for Frictionless Cred.... Having accomplished 100% utilization of 500,000 units of luggage suitcases per month, Samsonite South Asia Pvt. Ltd., the subsidiary of the American luggage giant Samsonite Inc., has commenced a ₹160-crore expansion plan to raise the monthly production capacity to 750,000 units by the end of 20.... The RBI has announced a pilot program for the 'Public Tech Platform for Frictionless Credit', which aims to provide seamless credit by 'facilitating the smooth flow of necessary digital information to lenders.' The story so far: On 17th August, the Reserve Bank of India .... Moody's has stated that it foresees India's economic growth to surpass all other G20 economies for at least the next two years, primarily due to domestic demand. On August 18, Moody's upheld India's sovereign rating at 'Baa3' with a stable outlook and mentioned t....
Rising prices could impact wider consumption and economic growth The latest data from the National Statistical Office (NSO), revealing a significant uptick in retail prices, comes less than a week after the Reserve Bank of India (RBI) opted to keep interest rates unchanged despite warni.... Covering a vast expanse across 35 districts across nine different states, a noteworthy stride has been taken to bolster the rail network. The Union Cabinet has given the nod to seven crucial projects under the aegis of the Ministry of Railways, with a budget of approximately ₹32,500 crore. Enco.... The CERT-in fund expansion will provide DigiLocker services for MSMEs, expand UMANG services, modernize the broadband network for research, and introduce an AI translation tool in 22 languages. On August 16, the Union Cabinet approved a five-year extension and expansion of the Digital I....
The decrease in imports was a tad more pronounced at 17%; In July, the trade deficit for goods stood at $20.67 billion, which was 18.7% lower than the previous year. As per the estimates released by the Commerce Ministry on Monday, India's goods exports contracted by 15.9% in July, .... First print above 7% since September 2022; rural consumers dealt with a steep 7.6% price increase. Retail inflation made a strong comeback in July, reaching 7.44% from 4.87% in June. Consumers faced a significant 11.5% surge in food prices. This marks the highest level of retail inflati....
The Reserve Bank of India (RBI) has put forward a proposal on August 10 to increase the per transaction payment limit to ₹500 for UPI Lite when used offline. Alongside this, the RBI has introduced other measures to enhance the adoption and utilization of digital payments across the nation. The Monetary Policy Committee (MPC) of the Reserve Bank of India, on August 10, unanimously decided to keep the policy repo rate unchanged at 6.50%. Consequently, the standing deposit facility (SDF) rate remains at 6.25%, and the marginal standing facility (MSF) rate and the Bank Rate r....
The tale so far: On August 2, Parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, aiming to attract private sector investment in the exploration of critical and deep-seated minerals in the country. The Bill categorizes six minerals, including lithium, which....
Testing times: On shrinking of India’s goods exports
India, Brazil begin talks to resolve sugar-related trade dispute at WTO
Finance Ministry seeks applications for post of whole-time member at IRDAI
Government notifies 31 Benches of GST Appellate Tribunal
Finance Ministry notifies constitution of GST Appellate Tribunals
Disentangling the 2030 global renewable energy target
Little succour: On Consumer Price Index data
The complex path to biofuel sustainability
Little succour: On Consumer Price Index data
First commercial production of ACC batteries under PLI to start from December/January: Mahendra Nath
Shakti smart card: Karnataka government proposes fee of ₹14.16, but Transport Minister wants to waiv
Retail inflation declines to 6.83% in August on falling food prices
Byjus proposes sale of overseas units to repay $1.2 billion loan
Nifty 50 scales 20,000 mark backed by broad-based buying, slips lower end of day
India's forex reserves jump $4.03 bn to $598.89 bn
How unemployment is measured
Finance Ministry notifies valuation methodology for calculating GST on online gaming, casino
Elon Musk borrowed $1 billion from SpaceX in same month of Twitter buyout: WSJ
The transition of loans from floating to fixed rates | Explained
SBI introduces UPI interoperability in Digital Rupee
GDP-centric view changing to human-centric one: PM Modi
S&P Global India Manufacturing PMI signals August activity hit nearly three-year high
Rupee settles flat at 82.70 against U.S. dollar
Economy grew 7.8% in first quarter, just below RBI estimate
Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani sto
CAG report on Dwarka Expressway ‘erroneous’, says Highways Ministry official
Vedanta wins arbitration against government in $1.1-billion cost disallowance case
Waiting for India’s counter proposal on investment court system: EU Trade Commissioner
SEBI still probing 13 overseas entities’ holdings in Adani group
Nod for game-changer jet engine technology transfer expected soon: U.S. Ambassador Eric Garcetti
Easing credit flow: On the Reserve Bank of India’s Public Tech Platform for Frictionless Credit
Bharat NCAP To Cost Automakers Rs 60 Lakh, One-Fourth Of International Price: Nitin Gadkari
Inflation pressures may linger, but food prices to cool soon: Finanace Ministry
GDP growth to be higher than RBI's estimate of 8% for June quarter, say Economists
India exported tobacco worth ₹9,740 crore during 2022-23, according to Tobacco Institute of India
Piyush Goyal cautions protesting onion farmers against ‘political opponents’
Onions to be made available at ₹25 as buffer stock burgeons
Pulses prices may spiral as deficient rain mars sowing
Government imposes 40% export duty on onion to improve local supplies
The issue is not about India’s GDP, but its JDP
UPL SAS and NSL Sugars Join Forces to Boost Sugarcane Yield
Reserve Bank Introduces New Guidelines for Personal Loans | Latest RBI Norms
In a move aimed at regulating the lending practices of financial institutions, the Reserve Bank of India (RBI) has unveiled fresh norms for personal loans. These updated guidelines come as ....
Tamil Nadu’s solar power generation hits a new record
Axis Bank to provide Kisan Credit Card, unsecured MSME loans via RBI’s Public Tech Platform
Samsonite India embarks on ₹160-crore capacity expansion
Explained | What is RBI’s pilot programme for facilitating ‘frictionless’ and ‘timely’ credit?
Moody’s affirms India’s sovereign rating at ‘Baa3’; says GDP growth to support increase in income le
Vishwakarma scheme will aid 30 lakh artisan families: Centre
Housing for all: On scheme to help the urban poor build houses in cities
Cabinet nod for 10,000 electric buses in 169 cities
A surge foretold: On inflation data
Cabinet approves seven rail projects worth ₹32,500 crore to boost connectivity
Digital India expansion gets ₹14,903 crore outlay
Pioneering Progress: Confronting Challenges On The Path To Independence Day 2023
Windfall tax on crude oil, diesel hiked
July exports shrink 16% on slowing U.S., EU markets
Retail inflation surges to 7.44% in July
The Ministry of Railways has renamed the 14205 Ayodhya Cantt-Delhi Express train as Ayodhya Express.
India needs a new economic policy
India’s industrial output growth hits three-month low
Govt. to come up with 60 quality control orders this year to stop imports of sub-standard goods
Direct tax collections rise 16% to ₹6.53 lakh crore till August 10 in FY24
India-Japan look to restart trilateral cooperation with Sri Lanka, but with caution
Tamil Nadu inks pact with Godrej for a manufacturing plant with ₹515 crore investment
RBI launches conversational, offline payments via UPI; raises UPI-lite limit to ₹500 per transaction
RBI’s MPC keeps policy rate unchanged, CPI inflation projection for FY24 revised to 5.4%
India's services sector growth at 13-year high in July on strong demand
Explained | How does the Mines and Mineral Bill 2023 plan to bring the private sector into mineral e
