IRFC and IIFCL sign MoU to solidify cooperation in financing railway infrastructure projects
Oct 13, 2022, at 11:26 pm
New Delhi/IBNS: Indian Railway Finance Corporation Ltd. (IRFC), a Schedule ‘A’/Miniratna Public Sector Enterprise (PSE) under the Ministry of Railways, signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Ltd. (IIFCL), a PSE under the Ministry of Finance, to enhance cooperation in financing railway infrastructure projects with forward and backward linkages to the Indian Railways sector.
World Bank cuts down India's FY23 GDP growth forecast to 6.5 pc
Oct 07, 2022, at 06:06 am
New Delhi: Amid fears of a recession in advanced economies, the World Bank on Thursday cut India's gross domestic product (GDP) growth forecast for the financial year 2022-23 to 6.5 percent from its earlier estimate of 7.5 percent.
India's growth slowed down during end of Manmohan govt: Narayan Murthy
Sep 26, 2022, at 01:52 am
Ahmedabad: Infosys co-founder Narayana Murthy has said the Indian growth story somehow stalled in the final years of Manmohan Singh's government, as decisions were not taken quickly.
All-India CPI-IW increased by 0.7 points to 129.9 in July
Sep 01, 2022, at 02:53 am
The All-India Consumer Price Index for Industrial Workers or CPI-IW for July 2022 increased by 0.7 points and stood at 129.9 (one hundred twenty-nine point nine).
India's GDP grows by 13.5 pc in April-June quarter of FY23
Sep 01, 2022, at 12:37 am
New Delhi: India's GDP grew at a rate of 13.5 percent in the April-June quarter in FY23 compared to the previous quarter (Jan-March), according to the data released by the National Statistical Office (NSO) on Wednesday.
Aug 18, 2022, at 02:43 am
New Delhi: The Union Cabinet has extended the Emergency Credit Line Guarantee Scheme (ECLGS) from Rs 50,000 crore to Rs 5 lakh crore, Information & Broadcasting Minister Anurag Thakur said Wednesday.
Fitch Ratings revises outlook for India to stable from negative
Jun 13, 2022, at 04:52 am
American credit rating agency Fitch Ratings has upgraded its outlook for India from negative to stable and affirmed the BBB rating.
OECD cuts down India's FY23 growth to 6.9 pc amid inflation
Jun 10, 2022, at 06:31 pm
The organisation for Economic Cooperation and Development has slashed India's growth projection for this fiscal year (FY23) to 6.9 percent, down sharply from 8.1 percent estimated previously and the Reserve Bank's 7.2 percent anticipated rise.
Jun 09, 2022, at 04:49 am
Mumbai: As widely expected, RBI’s Monetary Policy Committee unanimously decided to increase the policy Repo rate by 50 bps to 4.90% while also remaining focused on ‘withdrawal of accommodation’ to ensure that inflation remains within the target going forward, all the while supporting growth. RBI has retained its real GDP growth forecast for FY23 at 7.2% with risks broadly balanced.
India's GDP grows 8.7 pc in 2021-22, taking economy above pre-pandemic level
Jun 01, 2022, at 04:29 am
New Delhi: India recorded a growth of 8.7 percent in the year 2021-22 while it was 4.1 percent in the March quarter.
Eight core industries sectors' April output grows 8.4 percent
May 31, 2022, at 11:48 pm
New Delhi: The combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increase of 8.4 per cent (provisional) as compared to the Index of April 2021.
Apr 15, 2022, at 05:29 am
New Delhi: CPI inflation surged to 6.95% on yearly basis in Mar’22 as compared to 6.07% in Feb’22 mainly on account of food price inflation.
India's exports have to contribute $1 trn for a $5 trn economy: Goyal
Mar 08, 2022, at 04:48 am
Mumbai/UNI: Union commerce and industry minister Piyush Goyal on Monday said India's exports have to contribute at least USD one trillion to become a USD five trillion economy by 2025.
Ukraine-Russia conflict: Indian govt could lose Rs 1 trillion revenue, says SBI report
Feb 26, 2022, at 08:10 am
Kolkata/UNI: The Indian Government could incur a revenue loss of Rs 95,000 crore to Rs 1 lakh crore for FY23 because of rising oil prices in the backdrop of the continuing Russia-Ukraine conflict, a State Bank of India research report said on Friday.
Nirmala Sitharaman meets President Kovind ahead of presenting Union Budget
Feb 01, 2022, at 03:36 pm
New Delhi: Union Finance Minister Nirmala Sitharaman met President Ram Nath Kovind on Tuesday ahead of presenting the annual budget.
Economic Survey: Indian economy projected to grow at 8-8.5 pct during next fiscal
Jan 31, 2022, at 09:14 pm
New Delhi: India forecast an economic growth of 8 to 8.5 percent in the coming fiscal year that starts in April, as per the Economic Survey 2022 tabled in the Lok Sabha by Union Finance Minister Nirmala Sitharaman on Monday.
Piyush Goyal seeks industry inputs on FTAs, market access, reducing compliance burden
Jan 23, 2022, at 01:08 am
New Delhi/UNI: Minister of Commerce & Industry Piyush Goyal on Friday asked the Indian industry to inculcate a greater appetite for risk-taking, leverage the cost advantage as well as the trust advantage that it enjoys and partner with all stakeholders including Central and state governments to attract businesses to India and transform it into a global leader.
India targetting $500 billion export for 2022-23 fiscal
Jan 23, 2022, at 12:47 am
New Delhi/IBNS: India has changed its outlook on world trade owing to the challenges and possibilities presented by the Covid-19 pandemic and amid the changing scenario the country has set up a target of $500 billion exports for 2022-23 fiscal, a top government official has said.
India's economic recovery on 'solid path' to grow 6.5 pc
Jan 14, 2022, at 08:37 pm
New Delhi/IBNS: India is predicted to grow at 6.5 percent in the fiscal year 2022, down from the 8.4 percent GDP estimated in the previous fiscal year, affirming that the country's economic recovery is on a "solid path", the UN said on Thursday.
Jammu and Kashmir economy will double in next few years: Nirmala Sitharaman
Nov 23, 2021, at 11:13 pm
Jammu/UNI: Stating that Jammu and Kashmir is rapidly passing through a developmental phase, Union Finance Minister Nirmala Sitharaman on Tuesday said that the economy of Jammu and Kashmir will be doubled in the next few years.
India's IIP grows 11.9 per cent in August, shows improvement
Oct 13, 2021, at 02:37 am
New Delhi: The Index of Industrial Production (IIP) rose 11.9 per cent year-on-year in August, 2021 as compared to 11.5 per cent in July showing economic recovery on firm footing post the deadly second wave of pandemic.
No relief in sight from high fuel prices, FM Nirmala Sitharaman blames UPA-era oil bonds for it
Aug 17, 2021, at 12:08 am
New Delhi/UNI: There seems to be no relief in sight for consumers feeling the heat of higher fuel prices with the government insisting that it has to pay dues on account of oil bonds issued during UPA era to keep diesel and petrol prices in check.
Policy reforms in last one and half years driven by hope: Govt's Chief Economic Advisor
Jul 30, 2021, at 04:57 am
Kolkata/IBNS: Government choices are clearly driven by hope at a time when the economy is coming back to normal, according to Government of India’s Chief Economic Advisor Dr. Krishnamurthy Subramanian.
IMF cuts India growth to 9.5%, but it remains fastest-growing large economy
Jul 28, 2021, at 02:40 pm
New Delhi: The COVID-19 second wave has shaved off 3 per cent from the International Monetary Fund's (IMF) previous projection for India's economic growth for this fiscal year, pegging it now at 9.5 per cent, but the country still remains the world's fastest-growing large economy.
Indian economy will have double digit growth in 2021-22, says Niti Aayog vice-chairman: Report
Jul 12, 2021, at 12:22 am
New Delhi/IBNS: Indian economy will achieve a double digit growth in the current fiscal 2020-21,Niti Aayog Vice-Chairman Rajiv Kumar has said, adding that the country's disinvestment also looks better.
Stimulus helps Indian firms boost financial health post COVID-19 second wave
Jun 19, 2021, at 01:55 am
New Delhi: Unprecedented stimulus spending seems to be helping in the recovery of the financial health of Indian companies after a deadly second wave of the COVID-19 pandemic, media reports said.
India will remain second-fastest growing economy; expected to grow at 8.3%
Jun 09, 2021, at 03:20 pm
The World Bank has forecast that the Indian economy would grow by 8.3 per cent during the current fiscal year, an increase of nearly 3 per cent from its January projection, but lower than the April estimate by almost 2 per cent.
Indian Economy: Sensex falls by 31.12 pts
Mar 17, 2021, at 12:04 am
Mumbai/UNI: The BSE Sensex remained weak for the third straight session on Tuesday as it fell by 31.12 pts to settle at 50,363.96 as selling was seen in Bankex, Metal, Finance and Capital Goods stocks.
Feb 06, 2021, at 12:06 am
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said that while the Union Budget 2021-22 provides for enhanced capital expenditure by the Government, it also envisages private sector participation in a big way.
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.