Economy

RBI asks CIs to give borrower information until loan lifecycle or shutdown

In these cases, the repayment history of these entities' borrowers is not updated, even if they continue to repay or clear their dues

Centre releases Rs 1.78 trn advance for states ahead of festive season

By norm, money from the divisible tax pool is devolved to states in 14 annual instalments: 11 in 11 months and three in March

India's manufacturing output may rise 9% with more female workers: WB

The report said that in all South Asian countries, output gains from closing the gender gap in labour force participation would be driven by the manufacturing sector, followed by the services sector

Rajasthan to launch new mineral policy to boost revenue, streamline mining

The policy will be unveiled before the "Rising Rajasthan" summit in December based on stakeholder input

Ratan Tata valued honesty and integrity, his legacy is inspiring

He was passionate about entrepreneurship and committed to making the world a better place, writes Jagdeep Singh Bachher

World Bank raises S Asia growth forecast to 6.4% on Indian domestic demand

India's economic growth forecast for the current fiscal year, ending in March 2025, was revised to 7 per cent year-on-year

Retail inflation in September likely overshot RBI's 4% target: Poll

Food items, especially vegetables and other perishables, which make up a significant share of overall household spending in the country, saw an uptick in prices

Nearly 50,000 internship opportunities posted on portal: MCA officials

The Ministry of Corporate Affairs would make the portal open for candidates to apply from October 12th to October 25th

Consumer confidence improves in Sept on better economic conditions: RBI

Price and inflationary pressures eased across all product groups

RBI shifts stance, hints at rate cut as Fed and ECB ease policies

The Reserve Bank of India has now changed the stance, but not yet cut the policy repo rate.

RBI's shift to neutral stance suggests rate cut likely in December

Uncertainty remains elevated on a number of fronts, not least on the path for food inflation and external tensions

Fortified rice supply, border roads get Rs 21K crore Cabinet push

The Union Cabinet on Wednesday also approved the development of the National Maritime Heritage Complex (NMHC) in Gujarat, which is aimed to showcase India's maritime heritage and history

Rural households' indebtedness rose between 2016-17 and 2021-22: Nabard

The average monthly expenditure of rural households also increased during the five years from Rs 6,646 in 2016-17 to Rs 11,262 in 2021-22

NITI Aayog raises asset monetisation target for FY25 to Rs 1.9 trn

Govt may still miss the Rs 6 trillion NMP target

RBI decides to hold policy repo rate; changes stance gear to neutral

Das says inflation-growth balance well-poised; rates may start falling from Dec

India's rise as high-income developed country 'not guaranteed': Gill

Gill noted that there were only 34 countries which transitioned from a middle-income to a high-income country in the period between 1990-2023, he says

Norms for new capital instruments for Urban Cooperative Banks on anvil

Shaktikanta Das stated that to provide more flexibility, avenues for UCBs to raise capital, a discussion paper on capital-raising avenues will be issued for feedback from stakeholders

Greater confidence that inflation moderating in Q3...but risks remain: Das

We have to be very careful because there is every chance that inflation will simply bolt again, says Das

RBI proposes beneficiary name verification for RTGS and NEFT transactions

Payment Systems like UPI and IMPS provide a facility to the remitter to verify the name of the receiver before initiating a payment transaction

CBAM unilateral and arbitrary, will hurt Indian industry: FM Sitharaman

According to the European Union, CBAM is a tool to put a fair price on the carbon emitted during production of carbon-intensive goods entering the trade bloc