Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair
admin Chairman of the Thirteenth Finance Commission Vijay Kelkar has called upon the country’s next government to undertake urgent…
Finance
What is the outlook on women’s employment? | Explained
The female Labour Force Participation Rate had been steadily declining since 2000 and touched 24.5 in 2019, before…
Apparel exports may see mild recovery this year: ICRA
After a sharp drop in 2023-24, India’s apparel exports may see a muted recovery this year as the…
RBI to enable UPI for cash deposit facility, to allow foreign investors in IFSC to invest in Sovereign Green Bonds
Mumbai, Apr 05 (ANI): RBI Governor Shaktikanta Das addresses during a press conference regarding the monetary policy decisions,…
Bankers laud RBI’s focus on disinflation
Reserve Bank of India (RBI). File. | Photo Credit: PTI Bankers have welcomed the Reserve Bank’s resolute focus…
RBI Monetary Policy LIVE updates | Policy repo rate unchanged at 6.5%
The Monetary Policy Committee of the Reserve Bank of India after a detailed assessment is announcing the policy…
Services activity hit 13.5 year high in March: HSBC PMI
India’s dominant services industry grew faster in March 2024 amid strong demand, according to a private business survey…
Virgin Atlantic announces fifth daily flight between India and the U.K.
Virgin Atlantic announced its fifth flight to India with a second daily connection between Mumbai and London from…
Tamil Nadu tops in electronics exports, by sending smartphones made in Kancheepuram to the U.S.: Data
Workforce assembling smartphones in an Indian mobile manufacturing unit in Hyderabad. | Photo Credit: Mohammed Yousuf Tamil Nadu,…
March manufacturing PMI survey signals a 16-year peak
Image for representation purpose only. FIle | Photo Credit: PTI India’s manufacturing sector activity surged in March with…
India’s sunflower oil, soy oil imports up as palm oil imports fall
India buys palm oil from Indonesia, Malaysia and Thailand, while it imports soy oil and sunflower oil from…
SUVs drive auto sales to record highs in FY24, dispatches cross 42 lakh units
Driven by robust demand for sports utility vehicles, passenger vehicle sales in India soared to a record high…
March sees second-highest gross GST revenue of ₹1.78 lakh crore, lifts FY24 collections to ₹20.2 lakh crore
India’s gross GST revenues hit their second-highest level in March. File | Photo Credit: Reuters India’s gross Goods…
Now, GST probe into big corporates, major MNCs needs a ‘written approval’
For all investigations, tax officials have been asked to ascertain if any inquiry has already been initiated on…
Telangana to raise ₹16,000 crore market borrowings in the first quarter of FY 2024-25
The logo of the Reserve Bank of India. File | Photo Credit: Reuters The Telangana Government has decided…
Why is unemployment high among the youth? | Explained
Job seekers at a job fair in Bengaluru. The trend of contractual appointments and clamour for consultancies are…
India’s forex reserves rise by $140 million to hit fresh peak of $642.63 billion
India’s forex reserves have increased yet again, RBI data shows. This is the fifth consecutive week of a…
Core sector output growth spurts to 6.7% in February 2024
Photo used for representation purpose only. Core sectors’ output growth was led by double-digit upticks in cement also.…
Centre mandates weekly reporting on wheat stocks to prevent hoarding
Traders, retailers and food processors must declare wheat stocks every Friday from April to prevent hoarding and price…
Net claims of NRIs on India declined by $12.2 bn. during Oct.-Dec. 2023
Net claims of non-residents on India declined by $12.2 billion during October-December 2023 to $370.4 billion as at…
Pre-poll spending spike lifts fiscal deficit to 86.5% by Feb.
A woman walks past an election campaign poster of the Bharatiya Janata Party (BJP) featuring their leader and…
Centre to take all measures to contain food prices: Goyal
Union Minister of Commerce & Industry Piyush Goyal during an interview, at the PTI office, in New Delhi,…
Nirmala Sitharaman and Jairam Ramesh spar over Atal Pension Yojana
Finance Minister Nirmala Sitharaman and Congress general secretary Jairam Ramesh got into a war of words over the…
Employment scenario in India grim, says ILO report
While India’s large young workforce is a demographic dividend, an ILO report noted that they don’t appear to…
S&P ups India growth forecast to 6.8% for FY’25
S&P said it forecast rate cuts of up to 75 basis points in India this fiscal. Photo: www.freepik.com…
Real GDP growth may hit 8% this fiscal year, signals FinMin
Strong growth accompanied by stable inflation and external account and progressive employment outlook will help the Indian economy…
Pakistan to ‘seriously examine’ restarting trade with India: Foreign Minister
A file photo of Pakistan’s Minister of Foreign Affairs Ishaq Dar | Photo Credit: AFP Pakistan will “seriously…
No major change in employment status or wages in 10 years: Data
Women planting paddy seedlings in an agricultural field in Nagaon district of Assam. | Photo Credit: Ritu Raj…
‘Past decade saw inequality dip with inclusive growth’
Without directly wading into the debate over the rise in income and wealth inequality in the country, the…
Govt extends ban on onion exports till further orders
The export ban on onion has been extended till further orders, a notification by DGFT said. File |…
ADNOC Govt. allows UAE’s Adnoc to export oil from Indian strategic storage
A worker injects a car with fuel at an ADNOC petrol station in Abu Dhabi, United Arab Emirates.…
Top 1% Indians’ income share is higher now than under British-rule: Data
Dharavi, one of Asia’s largest slums, in Mumbai., located alongside skyscrapers and luxury apartments | Photo Credit: Reuters…
India’s outlook for next fiscal positive: Finance Ministry
Strong growth accompanied by stable inflation and external account and progressive employment outlook will help the Indian economy…
India signs free trade pact with 4 European countries
India and the four-nation European bloc EFTA ink free trade agreement on Sunday, March 10, 2024. Photo: X@EFTAsecretariat…
US military airlifts embassy personnel from Haiti, bolsters security
Police patrol a street after authorities extended the state of emergency amid gang violence that has threatened to…
Economic activity hit 9-month high in February: CareEdge
indian currency and gdp word spelled out | Photo Credit: anita kumari India’s economic activity likely hit a…
Startup Mahakumbh 2024: PM Modi vows to make India world’s third-largest economy in his third term
Prime Minister Narendra Modi addresses the Startup Mahakumbh at the Bharat Mandapam, in New Delhi. | Photo Credit:…
Norway will invest half of $100 billion under EFTA: Norwegian envoy May-Elin Stener
Norwegian Ambassador to India May-Elin Stener. Photo: Special Arrangement Switzerland being the largest player is likely to contribute…
India can sustain 8% GDP growth: RBI bulletin
A worker cuts metal inside a workshop manufacturing metal pipes in Mumbai, India August 11, 2017. REUTERS/Shailesh Andrade…
What are the key details of India’s pact with the European Free Trade Association?
Union Minister of Commerce & Industry Piyush Goyal addresses the media on the signing of the India-EFTA Trade…
RBI’s proposal for a disclosure framework to ascertain climate-related financial risks | Explained
The story so far: Seeking to institute a framework for regulated entities to tackle climate-related financial risks, the…
As Vladimir Putin orchestrates his reelection, a resilient Russian economy is a key selling point
Russians are finding that a few imported staples, like fruit, coffee and olive oil, have shot way up…
Pakistan’s new President Zardari to not take salary; cites economic hardship of people
Chief Justice of Pakistan Qazi Faez Isa, right, administers the oath of office to newly elected President Asif…
India allows RBI to import gold without paying import levies
A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai. File | Photo Credit:…
India to be third top economy in few years, says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman addresses an audience at the Shrimati Indira Gandhi College in Tiruchirappalli on March…
Veg oil imports down 13% in February: SEA
India’s vegetable oils import registered a fall in February, data from SEA shows. File | Photo Credit: Reuters…
Retail investors’ F&O play for quick profits a worry; short-termism biggest risk to growth: CEA
V. Anantha Nageswaran, Chief Economic Advisor. File. | Photo Credit: Bijoy Ghosh Chief Economic Advisor V. Anantha Nageswaran…
While poverty is declining globally number of poor people rise in Sub-Saharan Africa Data
Unemployment and poverty: Job seekers wait beside a road for casual work offered by passing motorists in Eikenhof,…
Wholesale food prices spiked in February
On a month-on-month basis, the WPI was 0.07% higher, with primary articles rising 0.22% and the Food Index…
Gasoline, shelter costs drive U.S. inflation higher in February
U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting stickiness in inflation…
Nepal PM Prachanda wins vote of confidence in Parliament
A file photo of Nepal Prime Minister Pushpa Kamal Dahal | Photo Credit: Reuters Nepal Prime Minister Pushpa…
Industrial output growth slows to 3.8% in January
The production of capital goods picked up pace in January. File | Photo Credit: Reuters India’s industrial output…
Retail inflation eases marginally to 5.09% in February
Prices of food remained elevated. File | Photo Credit: SUSHIL KUMAR VERMA India’s retail inflation remained virtually unchanged…
Piyush Goyal: Bangladesh, Sri Lanka, number of other countries want to start rupee trade with India
Commerce and Industry Minister Piyush Goyal. File photo | Photo Credit: ANI New Delhi Many developed and developing…
Trump will not give a penny into the Ukraine-Russia war if elected, says Hungary’s Orban
A file photo of former U.S. President Donald Trump and Hungarian Prime Minister Viktor Orban | Photo Credit:…
Gig workers suffer from lack of social security, regulations: study
Due to the demanding work hours, the study found that drivers are physically exhausted, and exposed to an…
Telangana Govt to raise 2,000 crore market borrowings on March 12
Image for representation purpose only. | Photo Credit: K. PIchumani The Telangana Government has decided to raise ₹2,000…
What are the hurdles to fair global trade? | Explained
WTO Director-General Ngozi Okonjo-Iweala speaks during the opening ceremony of the WTO ministerial meeting in Abu Dhabi on…
Assembly election in Jammu and Kashmir should be held soon after Lok Sabha polls: Azad
Democratic Progressive Azad Party (DPAP) president Ghulam Nabi Azad addresses the public rally in Anantnag. File | Photo…
PM to inaugurate passenger terminals at 12 airports across India
Prime Minister Narendra Modi. Files | Photo Credit: ANI Prime Minister Narendra Modi will inaugurate 15 new airport…
February Food costs: Vegetable food prices up 7% over last year, but still hit an 8-month low
A scene at wholesale market Azadpur Mandi, in New Delhi. File | Photo Credit: Sushil Kumar Verma Vegetarian…
Moody’s pegs 2024 growth at 8%; higher than official 7.6% projection
Moody’s Investors Service on Thursday said India’s robust economic growth will continue and its real GDP growth will…
BMW Lamborghini vs Rolls Royce Aston Martin Which luxury car brands were favoured in past five years
In Chandigarh and Puducherry, the proportion of luxury cars to non-luxury cars was higher | Photo Credit: RAVINDRAN…
OPEC expects share of Indian oil imports to rise again
OPEC is set to win a bigger share of India’s oil imports in coming decades due to the…
Forex reserves jump by $2.975 billion to $619 billion
India’s forex reserves jumped by $2.975 billion to $619.072 billion for the week ended February 23, the Reserve…
Moody’s raises India’s 2024 growth forecast to 6.8%
Global rating agency Moody’s on March 4 raised India’s growth forecast for 2024 calendar year to 6.8%, from…
India’s services sector growth eases in February on softer expansions in business activity, sales
New business from abroad placed with services firms in India rose for the thirteenth successive month. Filephoto |…
Start-ups ask antitrust body to order Google to restore apps
A group representing Indian startups has asked the country’s antitrust watchdog to order Alphabet Inc’s Google to reinstate…
India accounts for 40% of all digital payments in the world: RBI governor
File picture of RBI Governor Shaktikanta Das, who said that India accounts for 40% of all digital payments…
GST collections up 12.54% in February 2024
February’s GST revenue growth reflected the third-highest uptick in 2023-24 and lifted the total collections so far this…
U.K. Finance Minister dampens down hopes of tax cuts as election looms
British Chancellor of the Exchequer Jeremy Hunt appears on BBC’s Sunday in London, on March 3, 2024. |…
Coal production from captive, commercial mines rises 27% in Apr-Feb
A general view of the open cast coal field at Topa coal mine in the Ramgarh district in…
Corporate tax cuts bringing in investments and jobs, says FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI The government’s decision to slash corporate tax rates…
U.S. Fed policy report warns on possible financial sector risks
A file photo of the U.S. Federal Reserve | Photo Credit: Reuters The U.S. Federal Reserve report released…
India’s manufacturing PMI inched up to 56.9 in February
A reading of over 50 on the PMI, which rose from 56.5 in January to 56.9 last month,…
India likely to auction 18 critical mineral blocks in second round
Image used for representative purpose only. | Photo Credit: K. Bhagya Prakash India will auction 18 critical mineral…
Govt. sets conservative target for wheat procurement at 30-32 million tonnes in 2024-25 season
Representational image of a warehouse in Chennai where rice and wheat are stored. The government has fixed a…
Are States getting funds they are entitled from the Centre?
The recent agitations by the governments of Kerala and Karnataka, and the support extended by several State governments,…
‘Consumption expenditure survey: Full findings to be out by June’
Image for representation. File | Photo Credit: The Hindu The Government will release the complete findings of the…
Land reforms included on top of the agenda in Modi government’s third term: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman addresses FICCI’s National Conclave on ‘Viksit Bharat@2047’, in New Delhi on Tuesday. |…
Top global energy traders face multi-billion cash quandary
As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in…
EU carbon border tax will do little to cut emissions: ADB study
A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is…
WTO convenes Ministers in U.A.E. with slim hopes for breakthrough
February 26, 2024 11:59 am | Updated 11:59 am IST – Abu Dhabi, United Arab Emirates The world’s…
With food spends down in the country, growth may get leg-up
Coming after a 11-year hiatus, the latest Household Consumption Expenditure Survey findings based on surveys conducted between August…
Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February
On May 19, 2023, RBI announced withdrawal of ₹2,000 denomination banknotes from circulation. File. | Photo Credit: R.…
After a 11-year gap, Centre discloses key consumption expenditure survey data
As per the latest All India Household Consumption Expenditure Survey, the average monthly per capita consumption expenditure in…
RBI pegs FY’25 GDP growth at 7% on improved consumption demand, private capex spends
Reserve Bank of India Governor Shaktikanta Das. | Photo Credit: PTI The Reserve Bank of India (RBI) on…
RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable
Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: EMMANUAL YOGINI “With India’s current account deficit…
Women business correspondents help cut NPAs of self-help groups
A file photo of Rural Development Minister Giriraj Singh | Photo Credit: PTI At a time when the…
Pressure grows on China for big policy moves to fix economy
As the annual meeting of China’s Parliament approaches next month, its leaders are facing the greatest pressure in…
Ambuja Cement plans ₹1000 cr. plant in Jharkhand
Adani Group’s Ambuja Cements Ltd. (ACL) announced a ₹1000 crore investment to establish a four million tonnes per…
On financial devolution among States | Explained
For representative purposes. | Photo Credit: iStockphoto The story so far: Recently various Opposition-ruled States especially from south…
Gaza war hits Israeli economy with 19.4% Q4 drop
War’s impact: Private spending, exports and investment in fixed assets have fallen in Israel, however, government spending jumped…
Cheaper blueberries, cranberries, turkeys headed to India
India has effected sharp cuts in the import duties on frozen turkeys, blueberries and cranberries, and scrapped the…
Singapore green fuel levy on travellers ignites funding debate
Singapore on Monday said travellers would need to bear the cost of the transition toward green jet fuel,…
Piyush Goyal confident of rate cut by Reserve Bank in coming months
Union Minister of Commerce and Industry Piyush Goyal. File. | Photo Credit: ANI Commerce and Industry Minister Piyush…
Watch | P. Chidambaram: ‘When we come to power GST will be reformed; States will be empowered’
Watch | P. Chidambaram: ‘When we come to power GST will be reformed; States will be empowered’ Former…
‘It is nothing but a white lie paper’, says Chidambaram
Former Finance Minister and Congress leader P Chidambaram. | Photo Credit: ANI The White Paper by the Narendra…
U.K. economy slides into recession ahead of election
Representational image of people walking past the Bank of England in the City of London financial district in…
Govt raises authorised capital of FCI from Rs 10,000 cr to Rs 21,000 cr
File photo | Photo Credit: SRINATH M The government has increased the authorised capital of state-run Food Corporation…
How Nigeria’s naira fell to record low amid conflict and instability
Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation,…
Crypto currencies have no underlying value, says RBI official
Image used for representative purpose only. | Photo Credit: REUTERS Crypto currencies cannot be referred to as “currencies”…
Government hikes windfall tax on crude petroleum, diesel
Image used for representative purpose only. | Photo Credit: REUTERS The government on Thursday hiked windfall tax on…
Japan slips into recession; loses its spot as the world’s third-largest economy
Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell…
Japan slips to the world’s fourth-largest economy, behind the US, China and now Germany
The International Monetary Fund had forecast Japan’s fall to fourth. | Photo Credit: AFP Japan has slipped to…
Finance Minister to review economy at FSDC meeting on Feb 21
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman is scheduled to review…
In January, wholesale prices rose at three-month low pace of 0.27%
Electricity prices rose 3.3% in January as compared to December 2023 levels. | Photo Credit: K Ananthan India’s…
Fugitive economic offenders will be extradited: FM in reply to White Paper debate in Lok Sabha
Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget session of Parliament, in New…
2024 brings breather on inflation but food prices are still sticky
Retail inflation eased to a three-month low, official data show. File | Photo Credit: Special Arrangement India’s retail…
Decoding India’s economic realities: comparing the state of the economy under the NDA and UPA governments
With the BJP-led government exuding over-confidence on the state of the economy, the interim Budget presented earlier this…
Duty concession on gold will be major concern for India under proposed FTA with Peru: GTRI
Duty concessions on gold, which accounts for 80% of India’s imports from Peru, is the most challenging issue…
Direct tax kitty gathers steam, up 20.25% by February 10
Growth in the Personal Income Tax revenues continued to outstrip Corporate Income Tax. Representational | Photo Credit: C.…
India should not become sicker before it becomes richer: Chief Economic Adviser
Chief Economic Advisor V. Anantha Nageswaran attended the MMA Annual Convention in Chennai on February 10, 2024. with…
Manmohan Singh missed the reforms bus as PM: FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New…
EPFO fixes 8.25% interest rate on employees’ provident fund for 2023-24
The EPFO fixed a three-year high interest rate of 8.25% on employees’ provident fund for 2023-24 on February…
INDIA bloc calls White Paper document a ‘political manifesto’
MPs in the Rajya Sabha during the Interim Budget Session of Parliament, in New Delhi on Friday. |…
White paper on the economy | We rescued the economy from crisis, says government
Finance Minister Nirmala Sitharaman tables white paper in the Lok Sabha on February 8, 2024. Photo: Sansad TV…
The Paytm Payments Bank debacle | Explained
The story so far: In a major blow to fintech services provider Paytm, the Reserve Bank of India…
RBI Governor Shasikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable
Reserve Bank of India Governor Shasikanta Das. File | Photo Credit: The Hindu “With India’s current account deficit…
India-China bilateral trade hit a new record in 2023: Envoy
Ma Jia, Chargé d’Affaires a.i. of Chinese Embassy in India India and China trade reached record levels in…
Inflation within tolerance band; government taking steps to check price rise: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha on February 6, 2024. Photo: Sansad TV via ANI…
India’s tax-to-GDP ratio to hit a record high of 11.7% of GDP in 2024-25: Revenue Secretary
Sanjay Malhotra, Revenue Secretary | Photo Credit: The Hindu India’s tax-to-GDP ratio is expected to hit a record…
Bharti Airtel misses Q3 profit estimate as higher costs weigh
India’s Bharti Airtel reported third-quarter profit below estimates on Monday, as flat tariffs and higher costs outweighed growth…
‘Rigid, statutory fiscal targets are getting discredited globally,’ says Finance Secretary
T. V. Somanathan, Finance Secretary. File | Photo Credit: The Hindu Almost no country seems to adhere to…
Govt seeks Lok Sabha nod for net additional spending of ₹78,673 crore this fiscal
File picture of proceedings of the Lok Sabha | Photo Credit: ANI The government on Monday sought Lok…
Why is fiscal consolidation so important? | Explained
Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha on February 2, 2024. Photo: Sansad TV via ANI…
Indian economy to grow at 6.7% between fiscals 2024 to 2031: CRISIL
Unfortunately, ‘wise’ , ‘efficient’ and ‘government expenditure’ don’t usually feature in the same sentence. | Getty Images |…
Interim Budget 2024 | Thrust for PM Vishwakarma Scheme, cluster projects for MSMEs
New Delhi: Union Finance Minister Nirmala Sitharaman speaks in Rajya Sabha during the Budget session of Parliament, in…
Success of India grounded in pursuit of reforms over last years: IMF MD
International Monetary Fund (IMF) Managing Director Kristalina Georgieva | Photo Credit: REUTERS The economic success of India is…
Budget 2024 | Government to withdraw certain long-pending, un-reconciled direct tax demands
Union Finance Minister Nirmala Sitharaman holding a folder-case containing the Interim Budget 2024. Ministers of State Bhagwat Kishanrao…
Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman holding a folder-case containing the Interim Budget 2024 at North Block Finance Ministry…
Maruti beats Q3 profit view on strong SUV sales
Maruti Suzuki India , the country’s top carmaker by sales, reported a bigger-than-expected jump in third-quarter profit on…
India’s gold demand to rise in 2024 despite subdued March quarter: WGC
The World Gold Council expects India’s gold demand to rise in 2024 despite higher prices. File | Photo…
IMF says global ‘soft landing’ in sight, lifts 2024 growth outlook
The International Monetary Fund on January 30 edged its forecast for global economic growth higher, upgrading the outlook…
‘S&P could cut Israel’s credit rating if conflict expands beyond Gaza’: Director
Palestinians wait to fill their cylinders with cooking gas amid shortage, as the conflict between Israel and Hamas…
Finance Ministry says economy likely to grow closer to 7% in 2024-25
V Anantha Nageswaran, Chief Economic Advisor to the Government of India. | Photo Credit: Siva SaravananS Ahead of…
Government guarantees on a rising trend in 12 States | Data
The RBI’s Working Group on State Government guarantees has asked governments to have a fixed ceiling on the…
Global trade is being disrupted by Red Sea attacks, Ukraine war and low water in Panama Canal: UN
The UN is concerned that several geopolitical factors could disrupt international trade. File | Photo Credit: Reuters The…
RBI’s guidelines on State ‘guarantees’ on borrowings | Explained
The story so far: On January 16, a working group constituted by the Reserve Bank of India (RBI)…
Collaboration a must for India to reach $5 tn GDP, says FM
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Saturday said initiatives…
Disney mulls legal action as ZEEL ditches $1.4 bn deal
Disney Star is mulling legal actions against Zee Entertainment for backing out from a USD 1.4 billion sub-licensing…
Ola’s Krutrim becomes India’s first AI firm to turn unicorn after $50 mn fundraise
Ola group’s AI firm Krutrim has raised $50 million at a valuation of $1 billion in a funding…
Nirmala Sitharaman to become the second Finance Minister to present the Union Budget six times in a row
Union Finance Minister Nirmala Sitharaman pictured during the Winter session of Parliament in New Delhi. File | Photo…
French President Macron’s visit may give push to India-EU trade deal talks: GTRI
Indian Prime Minister Narendra Modi and French President Emmanuel Macron pose for photos before their talks at the…
Japan’s exports surge 10% in December on strong demand for autos, revived trade with China
Workers walk in a container area at a port in Tokyo, Japan. File | Photo Credit: Reuters Japan’s…
Cabinet approves ₹8,500 crore incentive scheme for coal gasification projects
The Centre has approved a new incentive scheme for coal gasification projects which could help reduce the imports…
India business growth at four-month high in January: PMI
Representational file image. | Photo Credit: Reuters India’s business activity expanded at the fastest pace in four months…
Analysing the rising gap in incomes
According to a recent report by the State Bank of India (SBI), India has witnessed a significant fall…
Govt expands scope of financial services on offer at IFSC
The government has expanded the scope of activities that can be undertaken at the International Financial Services Centre…
Beijing sets higher 2024 growth target despite slowing economy
China’s capital city Beijing has set a growth target of around 5% for 2024, surpassing last year’s target…
Wholesale inflation rises to 0.73% in December due to rise in food prices
The prices of vegetables pushed the WPI inflation up in December. File | Photo Credit: Reuters The wholesale…
AI will impact 40% of jobs globally, says IMF chief
File picture of International Monetary Fund Managing Director Kristalina Georgieva. The IMF chief said that AI will affect…
India’s power consumption grows nearly 8% in April-December period
India’s power demand has jumped exponentially from 2013-14 to 2022-23, data shows | Photo Credit: S. Thanthoni Power…
Interim Budget | Healthcare industry expectations include incentives to promote private investment, R&D, et al
The healthcare industry is seeking greater incentives to promote private investment, sustained incentives for research and development particularly…
MSME expects special package from Finance Minister Sitharaman on Feb 1
The MSME sector wants Finance Minister Nirmala Sitharaman to come out with a special package for small and…
Divestment tally for FY24 may end up around ₹15,000 crore
The government’s disinvestment receipts tally this year could end up being around ₹15,000 crore, a far cry from…
Bank CEOs, huddled in Davos, said to worry on competition, economy
Bank CEOs meeting in private at the World Economic Forum on Wednesday aired concerns about the competitive risks…
Coal India likely to mine critical minerals
, State-owned Coal India Ltd (CIL) is mulling the mining of critical minerals, including lithium, an official said.…
India’s digital public infrastructure great model for world to learn from: Gates Foundation president
Lauding the Indian growth story, a top leader of the Bill and Melinda Gates Foundation on January 16…
Karnataka government signs MoUs worth ₹22,000 crore with seven companies at World Economic Forum meet at Davos
A delegation from Karnataka, headed by Minister M.B. Patil, engaged in a series of deliberations with industry leaders…
India may earmark $48 bln for next year’s food, fertiliser subsidies
A farmer spreads fertiliser on his field in Satara district, Maharastra. File | Photo Credit: Reuters India may…
Watch | Why is the RBI worried about banks giving out too many personal loans?
Watch | Why is the RBI worried about banks giving out too many personal loans? Many industries across…
Gujarat, Kerala, Karnataka best performing States in developing startup ecosystem: DPIIT
Gujarat topped the DPIIT’s list of best-performing States in developing startup ecosystems in India. File | Photo Credit:…
Exports marginally up at $38.45 billion in December; trade deficit narrows
Representational file image. | Photo Credit: PTI The country’s exports edged up 1% to $38.45 billion in December…
Parliament’s Budget session likely between January 31 and February 9
A view of the new Parliament building in New Delhi. | Photo Credit: The Hindu A brief Budget…
New investments slid 46% in Q3 as manufacturing, infra outlays shrank
Image used for representative purpose only. | Photo Credit: Reuters Fresh investment plans almost halved between October and…
Interim Budget may see measures to boost consumption demand, push agri economy
Experts said one way to boost consumption is to put more money in the hands of people, and…
Budget 2024-25 may set 5.3% of GDP fiscal deficit goal: ICRA
Rating firm ICRA said on Thursday it expects the government to set a fiscal deficit target of 5.3%…
Food inflation hit 10.4% in urban India in December
A view of a vegetable market in New Delhi. File | Photo Credit: Sushil Kumar Verma India’s retail…
India, U.S. discuss ways to boost trade, investments ties at TPF meet
Commerce and Industry Minister Piyush Goyal and United States Trade Representative (USTR) Katherine Tai during the 14th TPF…
Boeing’s bestseller 737 MAX hits an air pocket again | Data
A Boeing 737 MAX 9 airplane performs a demonstration flight at the Paris Air Show in Le Bourget,…
Bitcoin ETFs begin trading in U.S. ending decade-long tussle with SEC
Several exchange-traded funds (ETFs) tied to the spot price of bitcoin began trading in the U.S. on Thursday…
SR registers impressive growth in freight and passenger segments in April-December 2023
Bunder yard in Mangaluru. Southern Railway serves parts of Dakshina Kannada district, including Mangaluru. | Photo Credit: Anil…
ILO sees structural imbalances in global labour market
ILO Director-General, Gilbert F. Houngbo. Photo: ilo.org Global unemployment rate is set to increase in 2024 while growing…
Indian tourists boycott call post Modi visit to Lakshadweep may impact Maldives
Maldives is in hot water over calls by Indian celebrities for a boycott of the tropical beach destination,…
Goyal remains optimistic about $2 trillion export target
Union Minister of Consumer Affairs Piyush Goyal addresses the inauguration of Patsan Bhavan at Newtown in Kolkata on…
Government to bring more products under mandatory quality norm: Piyush Goyal
Piyush Goyal. File | Photo Credit: ANI Consumer Affairs Minister Piyush Goyal on January 6 said the government…
U.S. hiring beats expectations in December as job market stays resilient
U.S. job growth surged unexpectedly in December, government data showed on January 5, wrapping up a solid year…
India registered strong investment performance in 2023; headwinds in China from struggling property sector: UN
India registered strong investment performance in 2023, driven by government infrastructure projects and multinational investments. Image used for…
India said to plan state-backed consortium for coking coal imports
India plans to form a consortium of state-owned companies to facilitate coking coal imports to help domestic steel…
China’s top banks tighten exposure to smaller peers to curb credit risk, sources say
Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for…
ONGC says oil an option to recoup $600 mln from Venezuela dividend
India’s ONGC Videsh said it is exploring options including allocation of oil by Venezuela’s state oil company PdVSA…
Manufacturing activity hit 18-month low in December: HSBC PMI
A worker grinds a metal shaft metal used in water pumps at a manufacturing unit on the outskirts…
India turns to Saudi as Russian oil buys fall in December
India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an…
Why did FIU IND act against virtual asset providers?
The story so far: On December 28, the Financial Intelligence Unit India (FIU IND) issued show-cause notices to…
India’s 1991 crisis and the RBI Governor’s role
S. Venkitaramanan, on his way to the hearing in New Delhi on November 26, 1992 S.Venkitaramanan, an IAS…
High import duties; resisting pressure to open agricultural sector important to ensure India’s food security: GTRI
Maintaining high import duties on sensitive agricultural commodities like rice and resisting pressure to open up the domestic…
Finance Ministry seeks expenditure proposals for final supplementary demands for grants
Image used for representation purpose only. The Finance Ministry has sought expenditure proposals for the second and final…
Gold likely to touch ₹70,000 in 2024, say experts
Continuing to glitter in 2024 as well, gold price is likely to touch ₹70,000 per 10 grams in…
Jobs back to pre-COVID level, not alone in food price rise, FDI worries: FinMin
Image used for representation purpose only. India’s labour markets have fully recovered to pre-pandemic levels, declining foreign direct…
India’s April-Nov fiscal deficit at ₹9.07 trln, over 50% of FY24 estimate
New Delhi India’s fiscal deficit for the first eight months of the financial year that began April 1…
Urban consumer confidence stable, optimism in income levels | Data
Diwali shopping: Women and children throng the old city market for Diwali shopping in Belagavi | Photo Credit:…
Chinese smartphone giant Xiaomi unveils first electric car
Visitors film around Xiaomi’s first electric vehicle, the SU7, displayed at an event in Beijing, China December 28,…
What does China’s 2024 economic policy look like?
The 2023 Chinese Central Economic Work Conference (CEWC), an annual meeting mechanism of the Communist Party where the…
Investments in P-Notes rise in Nov. to ₹1.31 lakh cr.
Investments through participatory notes in the Indian capital markets jumped to ₹1.31 lakh crore by November end, bouncing…
Dry weather, export curbs to hit 2024 global supply of staples
Representational image of a wheat field | Photo Credit: Reuters High food prices in recent years have prompted…
Are graduates facing unemployment? – The Hindu
In 1932, the famous engineer and statesman M Visvesvaraya pointed to the high prevalence of unemployment amongst the…
Centre releases additional tranche of tax devolution dues to States worth almost ₹73,000 cr.
Image used for representation purpose only. In a bid to improve States’ liquidity position ahead of the “forthcoming…
First rupee payment for oil to UAE: India looks for more deals, no targets: Officials
Representational image. India’s first-ever payment in rupees for crude oil purchased from the UAE is helping the world’s…
‘Let’s first make India one family,’ says Raghuram Rajan, author of Breaking the Mould
Former Reserve Bank of India Governor Raghuram Rajan who has returned to teaching after his stint in India,…