Economy

WTO cuts 2025 world merchandise trade growth forecast to 3% from 3.3%

The first half of 2024 saw 2.3 per cent year-on-year increase. The rebound came against the backdrop of a slump in 2023 - of 1.1 per cent - driven by high inflation and rising interest rates

Economists caution on RBI's growth optimism, project FY25 growth below 7.2%

RBI's confidence on growth has surprised market participants at a time when high frequency indicators pointing towards slowing economic activity

Centre considers seed funding to establish a shipping insurance entity

The finance ministry may undertake an amendment to the Insurance Act, which will allow mutual insurance associations

Manufacturing output to jump 9% if more women join workforce: World Bank

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

Bernstein quants downgrade Indian stocks, predict further upside for China

The quant strategists lowered their call on India to underweight from neutral, citing expectations for continued foreign outflows and weak earnings

How MoSPI is tackling methodological concerns via GDP base year revision

MoSPI's move to revise the GDP base year aims to improve accuracy, address past controversies, and align with updated economic realities, while consulting experts on new datasets and methodologies

Govt repurchases Rs 24,453 crore worth of bonds through buyback auction

The demand at the auction was better than in previous buyback auctions conducted by the RBI in the current financial year

Give borrower info until loan cycle or shutdown: RBI to credit institutions

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

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

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