Economy

In a first, India's foreign exchange reserves surge past $700 billion

Reserves rose by $12.58 billion, marking the fifth-highest weekly increase

Monetary policy: RBI likely to hold rates for 10th time, shows BS poll

The RBI will announce the review of the policy on October 9

Committed to structural reforms in third term, says PM Narendra Modi

Modi confident India will continue to grow at more than 7%

Demand slowdown pulls down services PMI to 10-month low in September

New business intakes expanded sharply at the end of the second financial quarter, but the pace of growth retreated to a 10-month low

Pradhan Mantri Ujjwala Yojana: Govt mulls fourth expansion of LPG scheme

2.67 mn applications pending nationwide for induction into PMUY

'Out of turn' request: RBI seeks loan disbursement data from P2P companies

Norms tightened after flagging regulatory violations by some lending platforms

RBI faces a delicate balancing act ahead of key monetary policy meet

It will be important for monetary policy not to inadvertently accentuate asset price inflation, financial exuberance and the associated financial stability risks that come with it

Social security agreement with US to take time, says Piyush Goyal

According to the minister, the social security coverage details that have been shared with the US cover about 930 million people in India

Living standards to see steepest rise in coming decades: FM Sitharaman

The finance minister said that the effects of the last ten years of economic and structural reforms would manifest more thoroughly in the coming years, as the Covid shock fades from the economy

Taking stock of B'desh: Trade recovers, but Indian firms tread cautiously

The concluding part of the series highlights stabilising trade ties with Dhaka, but payment delays and a complex bilateral environment remain major concerns

India undergoing transformational changes to sustain high growth: PM Modi

Speaking at the 3rd edition of the Kautilya Economic Conclave here, Modi committed to continuing structural reforms to help India become a developed nation by 2047

Forex reserves top $700 bn, India becomes 4th country to cross this mark

India is only the fourth economy in the world to cross $700 billion in reserves after China, Japan, and Switzerland

Escalation in US-China trade war may help India to increase exports: GTRI

He said that last month, the US Senate introduced two bills that could intensify the trade war and have major global economic impacts if passed

BofA expects India's forex reserves to reach $745 billion in March 2026

RBI Governor Shaktikanta Das has repeatedly stressed the need to build a forex buffer to act as a shield during periods of market volatility

Living standards to see steepest rise in coming decades: FM Sitharaman

"The upcoming decades will see the steepest rise in living standards for the common man, truly making it a period-defining era for an Indian to live in," she said

India, EU regulators in negotiations as October deadline on oversight looms

The Reserve Bank of India denied European Securities and Markets Authority's request to co-supervise Indian transactions, citing concerns over "extra-territorial reach"

Veg thali cost rises 11%, non-veg thali falls 2% in Sept 2024: Crisil

A sharp rise in prices and a shortage of onions, potatoes, and tomatoes have driven up the costs of veg thalis in September 2024

Why India is still dependent on coal as UK shovels fossil fuel out

South Asian nation is shifting to clean energy but it is not phasing out the fossil fuel yet

India's per capita to income to increase by $2,000 over 5 years: Sitharaman

Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster

As demand slows, PMI services growth hits a ten-month low in September

For more than three years, the index has stayed above the 50-mark separating expansion from contraction