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India to be USD 5 trillion economy by end of 2025: Amit Shah

India to be USD 5 trillion economy by end of 2025: Amit Shah

Sat, Dec 09, 2023

Addressing the valedictory session of the Uttarakhand Global Investors Summit here, Shah said India has grown exponentially on every front over the past one decade due to the farsighted and visionary leadership of Prime Minister Narendra Modi.

India poised to become world's 3rd largest economy by 2030: S&P Global

India poised to become world's 3rd largest economy by 2030: S&P Global

Tue, Dec 05, 2023

India is poised to become the world's third-largest economy by 2030 with an estimated 7 per cent GDP growth in 2026-27, according to a S&P Global Ratings forecast released on Tuesday.

Japan Q3 GDP seen contracting at slower pace on capex

Japan Q3 GDP seen contracting at slower pace on capex

Tue, Dec 05, 2023

Japan's economy is facing headwinds, with high inflation taking a toll on household spending and slowing global demand, including in China, adding pressure on manufacturers.

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Govt not to impose anti-dumping duty on Chinese metal cutter wheels

Govt not to impose anti-dumping duty on Chinese metal cutter wheels

Tue, Nov 08, 2022

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.

Government clears 23rd tranche of electoral bonds; sale from November 9 - check details here!

Government clears 23rd tranche of electoral bonds; sale from November 9 - check details here!

Mon, Nov 07, 2022

Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.

Government resumes sugar exports; allows 6 mn tons on quota basis till May 31 - Details

Government resumes sugar exports; allows 6 mn tons on quota basis till May 31 - Details

Sun, Nov 06, 2022

The sugar production in the new 2022-23 season commenced in Maharashtra and Karnataka from October onwards, whereas in Uttar Pradesh and rest of the cane growing states, it will kick off in a week's time.

India faces global shocks with better balance sheets; medium-term growth outlook good: CEA V Anantha Nageswaran

India faces global shocks with better balance sheets; medium-term growth outlook good: CEA V Anantha Nageswaran

Sun, Nov 06, 2022

"Overall, all things considered, including the risk of oil price, I do believe that the external situation will be manageable, of course with some anxious moments to come," V Anantha Nageswaran said.

LIVE UPDATES, Latest News of RBI MPC Meeting Outcome 3rd November 2022:-

LIVE: RBI MPC Meeting Outcome - Discussion, drafting of report for government on inflation | Latest News, Result, Updates

Fri, Nov 04, 2022

LIVE: RBI MPC Meeting Outcome November 2022: The rate setting panel of Reserve Bank of India (RBI) met on Thursday to discuss and draft a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January this year. The meeting was chaired by RBI Governor Shaktikanta Das and attended by all MPC members -- Michael Debabrata Patra, Rajiv Ranjan, Shashanka Bhide, Ashima Goyal and Jayanth R Varma. Here are all the LIVE UPDATES, Latest News of RBI MPC Meeting Outcome 3rd November 2022:-

RBI MPC Meeting: Where to watch RBI Governor Shaktikant Das speech Live

RBI MPC Meeting: Where to watch RBI Governor Shaktikant Das speech Live

Wed, Nov 02, 2022

RBI MPC Meeting, RBI Governor Shaktikant Das Speech Live: The six-member rate-setting panel is headed by RBI Governor Shaktikanta Das. Das will address the media on Thursday morning wherein he will announce the decision taken during the MPC meeting.

Mortgage loan to GDP ratio should rise in India: HDFC chairman Deepak Parekh

Mortgage loan to GDP ratio should rise in India: HDFC chairman Deepak Parekh

Wed, Nov 02, 2022

HDFC Ltd Chairman Deepak Parekh on Tuesday said that though the interest rates go up, the tax deduction given by the government on annual outgo on this account brings the effective rates down.

Japan PM Fumio Kishida approves USD 200 billion spending plan to counter inflation

Japan PM Fumio Kishida approves USD 200 billion spending plan to counter inflation

Fri, Oct 28, 2022

Inflation has been rising in Japan along with globally surging prices. A weakening of the yen against the dollar has amplified costs for imports. The stimulus package includes subsidies for households that are largely seen as an attempt by Kishida to lift his plunging popularity.

China's economic growth accelerates but weak amid Covid shutdowns

China's economic growth accelerates but weak amid Covid shutdowns

Mon, Oct 24, 2022

Most of the economy lost momentum last month said Julian Evans-Pritchard of Capital Economics in a report.

RBI MPC member Ashima Goyal says demonetisation behind the buoyancy in tax collections – know details!

RBI MPC member Ashima Goyal says demonetisation behind the buoyancy in tax collections – know details!

Sun, Oct 23, 2022

"It contributed to the buoyancy in taxes the country is benefitting from today. This helps us move towards the ideal of low tax rates on a large base," she told PTI.

Worsening geo-political crisis could fuel inflation, cautions Finance Ministry Economic Review report

Worsening geo-political crisis could fuel inflation, cautions Finance Ministry Economic Review report

Sun, Oct 23, 2022

Observing that India has managed inflation better than most other countries in the world, the Review said that barring further weather extremities, retail food inflation is expected to decline in the coming months, leading to lower headline retail inflation.

Reform, economic growth focus to boost foreign direct investment opportunities up to USD 475 bn in 5 years: Report

Reform, economic growth focus to boost foreign direct investment opportunities up to USD 475 bn in 5 years: Report

Sun, Oct 16, 2022

Multinational companies (MNCs) appreciate the impact of GST, the government's digital push in various spheres, and transparency in taxation, amongst other reforms.

Govt notifies 12% wage hike for employees of PSU general insurers; links it with employee and company’s performance

Govt notifies 12% wage hike for employees of PSU general insurers; links it with employee and company’s performance

Sun, Oct 16, 2022

Last year, the government notified the General Insurance Business (Nationalisation) Amendment Act which will allow the government to cut its stake in state-owned general insurers to below 51 per cent.

Finance Minister Sitharaman says Indian economy will stay on course despite global headwinds

Finance Minister Sitharaman says Indian economy will stay on course despite global headwinds

Sat, Oct 15, 2022

The government has ensured the availability of free food grains to more than 800 million vulnerable families for the past 25 months, through the country's massive public distribution network, FM Sitharaman said.

Decline in India's forex reserves largely due to valuation changes arising from appreciating US dollar: Sitharaman

Decline in India's forex reserves largely due to valuation changes arising from appreciating US dollar: Sitharaman

Sat, Oct 15, 2022

"India's foreign exchange reserves at USD 537.5 billion as on September 23, 2022, compare favourably with most peer economies. Two-thirds of the decline in reserves is due to valuation changes arising from an appreciating US dollar and higher US bond yields," Sitharaman said.

Economic growth in India, China, Indonesia will be less affected: S&P Global Ratings

Economic growth in India, China, Indonesia will be less affected: S&P Global Ratings

Thu, Oct 13, 2022

According to S&P Global Ratings, it has developed a downside scenario taking into account the increasing risks and the potential for materialization, with a roughly one-in-three likelihood of occurring.

Russia Ukraine War Effect: IMF dims outlook for 2023 global economy

Russia Ukraine War Effect: IMF dims outlook for 2023 global economy

Tue, Oct 11, 2022

IMF Managing Director Kristalina Georgieva, noting the grim backdrop to this week's fall meetings of the IMF and the World Bank in Washington, warned that the "risks of recession are rising" around the world and that the global economy is facing a "period of historic fragility."

Finance ministry seeks expenditure proposals for first supplementary demands for grants

Finance ministry seeks expenditure proposals for first supplementary demands for grants

Mon, Oct 10, 2022

According to the memorandum, the proposals in complete form justifying supplementary demands to be included in the first batch should be forwarded to the Budget Division of the finance ministry by November 11, 2022.

IMF warns of higher recession risk and darker global outlook

IMF warns of higher recession risk and darker global outlook

Thu, Oct 06, 2022

Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that things are more likely to get worse before it gets better", saying the Russian invasion of Ukraine that began in February has dramatically changed the IMF's outlook on the economy

Shriram City Union Finance preempts strong 2-wheeler demand this festive season; launches new offer

Shriram City Union Finance preempts strong 2-wheeler demand this festive season; launches new offer

Thu, Oct 06, 2022

Supply chain easing and the uptick in domestic consumption is likely to give a significant boost to seasonal demand, company’s Managing Director and Chief Executive Officer (CEO) YS Chakravarti said in a press statement

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