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US govt backs India's request to extradite 26/11 accused Tahawwur Rana, asks Supreme Court to dismiss his plea | Daal mein kuch kaala hain ya sab kuchh kaala hain? SC questions authenticity of scanned OMRs in Bengal recruitment scam case | BJP is creating chaos to distract attention from Ambedkar row: Rahul Gandhi on Parliament tussle | Assault on me and Rahul Gandhi: Congress chief Kharge's charge over parliament chaos | PM Modi dials BJP MPs hospitalised with injuries over parliament showdown | Ambedkar row: BJP slaps assault charge against Rahul Gandhi in parliament, Cong rebuts with counter-allegation | Rahul, Priyanka, other opposition leaders demand Amit Shah's resignation over Ambedkar row | Kashmir: 5 terrorists killed in encounter with security forces in Kulgam, 2 soldiers injured | 13 killed as Navy speedboat collides with ferry near Mumbai | My quitting won't help Congress: Amit Shah on resignation demands amid Ambedkar row

Economic Survey rightly sees economy 'homecoming to normalcy': ASSOCHAM

Jan 29, 2021, at 11:48 pm

Kolkata/IBNS: The Economic Survey presented in Parliament has hit the nail right on its head by stating that the Indian economy's ''homecoming'' to normalcy is leading to hopes of a robust recovery in services and consumption; emphasizing forcefully that the reforms must continue to realise the full growth potential, ASSOCHAM has said.

Economic Survey says overall inflation is expected to moderate

Jan 29, 2021, at 11:19 pm

New York: The Economic Survey 2020-21 says that going forward, as food inflation eases further, overall inflation is expected to moderate.

Indian agriculture contributes to green shoots of the Indian e conomy with a Growth Rate of 3.4 Per Cent Despite COVID-19 Pandemic

Jan 29, 2021, at 10:40 pm

New Delhi: India’s agricultural sector has shown its resilience amid the adversities of COVID-19 induced lockdowns. 

India to grow at 11.5 pc in FY 21-22, predicts Economic Survey

Jan 29, 2021, at 09:28 pm

New Delhi/UNI: India's gross domestic product will grow at 11.5 per cent in fiscal 2021-22, projects the Economic Survey 2020-21 that Finance Minister Nirmala Sitharaman tabled in Parliament on Friday.

Electronic & smartphone manufacturing sector alone will contribute $ 1 trillion to economy by 2025: Ravi Shankar Prasad

Dec 19, 2020, at 05:38 am

Kolkata/IBNS: Union Minister of Law and Justice, Electronics and Information Technology and Communications Ravi Shankar Prasad on Friday stated that there is a robust future for the manufacturing of electronics and smartphone sector in India.

Strengthening domestic economy makes India stronger globally, says Commerce Secretary at EEPC India event

Dec 16, 2020, at 11:21 pm

Kolkata/IBNS: The World Trade Organisation is an important institution for global trade and economy, but India's salvation lies in strengthening its domestic economy by attracting new investments by schemes like production-linked incentives, Commerce Secretary Dr Anup Wadhawan said at an EEPC-EXIM book release function Wednesday.

Next Budget will have 'vibrancy' for sustainable economic recovery: FM Nirmala Sitharaman at ASSOCHAM

Dec 16, 2020, at 06:55 am

New Delhi/IBNS: Assuring '' vibrancy"  in her forthcoming Budget, Union Finance Minister Nirmala Sitharaman Tuesday said the Government would ensure that public spending on infrastructure development would be sustained even as the prospects of vaccine against Covid-19  have brought in additional confidence for revival of the economy.

India has ability to become world’s number one economy in next 25 years: Piyush Goyal

Dec 16, 2020, at 01:23 am

Kolkata/UNI: With the capabilities of India’s business people, entrepreneurs, start-ups, skilled manpower, the country has the ability to become world’s number one economy in the next 25 years, said Piyush Goyal, Minister of Railways, Commerce and Industry & Consumer Affairs, Food and Public Distribution, on Tuesday.

Indian economy will be among top economies in the world: NITI Aayog Vice Chairman

Dec 07, 2020, at 10:28 pm

New Delhi: Vice-Chairman, NITI Aayog, Dr. Rajiv Kumar, emphasised that the Indian economy will be among the top economies in the world in the next few years using science, technology, and innovation in all sectors, bouncing back soon from the after effects of COVID 19, at a webinar organized to celebrate 50 years of the Department of Science and Technology (DST) recently.

Govt allocates Rs 900 crore for r & d of Covid-19 vaccine

Nov 13, 2020, at 03:13 am

New Delhi/IBNS: Finance Minister Nirmala Sitharaman on Thursday announced Rs 900 crore for research and development for Covid-19 while also assuring that the funds will be allocated for the cost of vaccine and logistics as per requirement.

Aatmanirbhar Bharat 3.0 will push job creation and stronger recovery of the economy: ASSOCHAM

Nov 13, 2020, at 01:33 am

New Delhi/IBNS: Government’s continuous support and the new announcements under the Aatmanirbhar Bharat Yojana 3.0 will make the road to recovery post-pandemic stronger and facilitate and incentivize job creation, and provide much relief and impetus to housing and infrastructure sector,” said Dr. Niranjan Hiranandani, President ASSOCHAM reacting to the announcement of the 7th major stimulus package to support the economy by the Union Finance Minister, Nirmala Sitharaman today in New Delhi.      

Govt announces Rs 29.88 Lakh Crore stimulus package to revive Covid-hit Indian economy

Nov 12, 2020, at 11:50 pm

New Delhi/IBNS: In a bid to ward off the gloom surrounding the Indian economy hit by Covid-19 restrictions, the government today announced a slew of measures, including tax relief for home buyers as well as the real estate developers.

Atma Nirbhar Bharat Rozagar Yojana 3.0 : Govt attempts major boost for job creation

Nov 12, 2020, at 09:35 pm

New Delhi/IBNS: Finance Minister Nirmala Sitharaman on Thursday announced Atma Nirbhar Bharat Rozagar Yojana 3.0 aimed at boosting economic growth amid a GDP drop of 8.3 per cent in July-September.

Another stimulus to support the ailing Indian economy likely before Diwali: Report

Nov 12, 2020, at 04:40 am

New Delhi/IBNS: The Indian government is likely to announce another round of economic stimulus before Diwali, said a media report, adding that it would be linked to job creation and extension of the cabinet's decision to push growth with production-linked incentive.

COVID-19: Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before end of Financial Year

Oct 13, 2020, at 12:12 am

New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman here on Monday announced measures of Rs 73,000 crore to stimulate consumer spending in the economy in an effort to fight the slowdown due to COVID-19 pandemic following lockdown.

Indian Rupee down 17 paise against USD

Sep 22, 2020, at 09:16 pm

Mumbai/UNI: The Rupee on Tuesday slipped 17 paise to close at 73.58 against the US Dollar on rising demand for the American currency by bankers and importers, dealers at the Forex Market said.

India's GDP at -23.9 pc marks worst contraction on record

Sep 01, 2020, at 02:47 am

New Delhi/IBNS: India's GDP contracted 23.9 percent in the April-June quarter, the worst ever performance on record, the National Statistical Office (NSO) data showed today.

RBI approves payout of Rs 57,128 crore to govt amid widening fiscal deficit triggered by Covid-19 lockdown

Aug 15, 2020, at 05:47 am

Mumbai/IBNS: The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of Rs 57,128 crore to the government for the accounting year 2019-20 (July-June).

Economy showing signs of improvement but medium term outlook still uncertain: RBI Governor

Jul 11, 2020, at 08:35 pm

Mumbai/IBNS: RBI Governor Shakti Kanta Das has said the economy has started showing signs of improvement with the easing of over two months of strict lockdown but "a very careful trajectory" has to be followed after the pandemic is over.

India's economy ready to bounce back: PM Modi

Jun 18, 2020, at 01:28 pm

New Delhi/UNI: Exuding confidence, Prime Minister Narendra Modi on Thursday said India's economy was ready to bounce back and there could not be a better time to make a new beginning.

India's foreign exchange reserves soar amid Covid-19 pandemic

Jun 05, 2020, at 10:03 pm

Mumbai/IBNS: At a time when India is facing a fresh economic challenge triggered by coronavirus pandemic, the Reserve Bank of India said country's foreign exchange reserve has increased by USD 3.43 billion to a new all-time high of $493.48 billion for the week ended May 29 following handsome accumulation of the core currency assets.

Nirmala Sitharaman announces 1 lakh crore agri infrastructure fund to revive Covid-hit economy

May 15, 2020, at 05:24 pm

New Delhi/IBNS: In the third tranche of measures to support India's COVID-19 hit economy, Finance Minister Nirmala Sitharaman on Friday announced Rs. 1 lakh crore for funding Agriculture Infrastructure Projects at farm-gate and aggregation points.

Nirmala Sitharaman starts her third press briefing 

May 15, 2020, at 04:18 pm

New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman on Friday is addressing her third press conference on providing details about the economic package announced by PM Narendra Modi this week during his national address.

Minimum $200 billion stimuli needed to support the Indian economy in the background of the pandemic says ASSOCHAM

Apr 08, 2020, at 06:59 pm

Kolkata/IBNS: Apex industry body, Associated Chambers of Commerce and Industry of India or ASSOCHAM, has recommended a 16 point agenda and a stimulus package of at least $200-$300 billion to thwart one of the deepest global recession expected in the backdrop of the Covid19 pandemic.

India's growth to slow to 4 percent in FY2020, recover to 6.2% in FY2021

Apr 03, 2020, at 05:15 pm

Manila/IBNS: The Asian Development Bank (ADB) projects India’s gross domestic product (GDP) will slow to 4.0% in fiscal year (FY) 2020 ending on 31 March 2021 due to a weak global environment and continued efforts to contain the novel coronavirus (COVID-19) outbreak in the country. The forecast assumes that the pandemic dissipates and full economic activity resumes from the second quarter of FY2020.

Indian economy is not immune to COVID19 pandemic: RBI Guv Shaktikanta Das

Mar 16, 2020, at 06:38 pm

New Delhi/IBNS:  Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said India is not immune to the COVID 19 infection and the country's economy will be impacted along with global economies due to it.

Measures to save economy after Coronavirus outbreak to be announced soon: Sitharaman

Feb 18, 2020, at 08:25 pm

New Delhi/UNI: Finance Minister Nirmala Sitharaman on Tuesday said discussions were held with exporters, importers and representatives of various industry organizations to discuss the economic effects after the outbreak of the Coronavirus in China and measures will be announced soon after talking to various departments.

Wholesale Price Index for 'All Commodities' rises by 0.1%, Wholesale inflation rises to 3.1%

Feb 14, 2020, at 05:25 pm

New Delhi/IBNS: The official Wholesale Price Index for 'All Commodities' for the month of January rose by 0.1 percent to 122.9 from 122.8 for the previous month, government data showed on Friday.

Govt will not set up a separate fund for Aspirational Districts: Sitharaman

Feb 07, 2020, at 04:52 pm

Mumbai/IBNS: Clarifying government's stand on funding the Aspirational Districts, Finance Minister Nirmala Sitharaman on Friday said the government will not create a separate fund like SC/ST fund for the Aspirational Districts but facilitate reaching of the existing schemes to these districts.

RBI keeps repo rate unchanged at 5.15 pc

Feb 06, 2020, at 12:48 pm

Mumbai/IBNS:  To fight inflation, the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.15 per cent, according to the Bi-monthly Monetary Policy Statement of the central bank.