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Friday, January 17, 2025 | 10:23 PM ISTEN Hindi

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Economy

Growth poised to rebound, food inflation needs monitoring: RBI report

Banks availing liquidity from RBI reluctant to on-lend to money markets

Growth poised to rebound, food inflation needs monitoring: RBI report
Updated On : 17 Jan 2025 | 9:56 PM IST

Cabinet approves Rs 11,440 crore revival package for debt-hit RINL

Union minister of information and broadcasting Ashwini Vaishnaw said that with this revival package, many of the legacy problems that RINL used to face will be resolved

Cabinet approves Rs 11,440 crore revival package for debt-hit RINL
Updated On : 17 Jan 2025 | 9:21 PM IST

IMF retains India's economic growth outlook for FY26 and FY27 at 6.5%

"Growth in India had slowed more than expected, led by a sharper-than-expected deceleration in industrial activity"

IMF retains India's economic growth outlook for FY26 and FY27 at 6.5%
Updated On : 17 Jan 2025 | 9:12 PM IST

Explained: What is fiscal deficit and what it means for economic stability

As of January 2025, India's fiscal deficit for FY25 is projected at 4.9 per cent of GDP, amounting to approximately Rs 16.1 trillion

Explained: What is fiscal deficit and what it means for economic stability
Updated On : 17 Jan 2025 | 8:30 PM IST

India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low

Foreign currency assets fell by $9.5 billion, while the value of gold reserves went up by $792 million

India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low
Updated On : 17 Jan 2025 | 6:56 PM IST

Economic growth poised to rebound as demand regains strength: RBI Bulletin

RBI Bulletin said, the headline inflation eased for the second successive month in December, although the stickiness in food inflation warrants careful monitoring of second order effects

Economic growth poised to rebound as demand regains strength: RBI Bulletin
Updated On : 17 Jan 2025 | 6:21 PM IST

Indore SEZ exports drop by 6.5% due to lower pharmaceutical orders

The official said that 59 plants in different sectors including medicine, packaging material, engineering, textile manufacturing and food processing are running in Indore SEZ spread over 572 hectares

Indore SEZ exports drop by 6.5% due to lower pharmaceutical orders
Updated On : 17 Jan 2025 | 6:12 PM IST

India's forex reserves drop by $8.714 billion to $625.871 billion

For the week ended January 10, foreign currency assets, a major component of the reserves, decreased by $ 9.469 billion to $ 536.011 billion, the data released on Friday showed

India's forex reserves drop by $8.714 billion to $625.871 billion
Updated On : 17 Jan 2025 | 5:31 PM IST

Weaker rupee to inflate import bill due to crude oil rate surge: GTRI

In the last ten years, between January 2015 and 2025, the INR has weakened by 41.3 per cent against the US dollar, falling from Rs 61.4 to Rs 86.7, the Global Trade Research Initiative (GTRI) said

Weaker rupee to inflate import bill due to crude oil rate surge: GTRI
Updated On : 17 Jan 2025 | 4:58 PM IST

Rupee ends weaker, logs worst week in 18 months on foreign outflows

The rupee's depreciation bias is likely to persist next week, with the focus squarely on any policy changes announced by Trump, especially about trade tariffs, said Dilip Parmar, a foreign exchanger

Rupee ends weaker, logs worst week in 18 months on foreign outflows
Updated On : 17 Jan 2025 | 4:34 PM IST

India's $4 trillion economy has entered structural slowdown: UBS Group

The deceleration is underpinned by a long-term moderation in credit growth, foreign direct investment, export competitiveness and earnings potential, UBS said

India's $4 trillion economy has entered structural slowdown: UBS Group
Updated On : 17 Jan 2025 | 1:52 PM IST

'Unease' of doing business in India: Bureaucracy pushes factory costs up

Prime Minister Narendra Modi's "Make in India" campaign has also got lost somewhere in the labyrinths of this bureaucratic maze

'Unease' of doing business in India: Bureaucracy pushes factory costs up
Updated On : 17 Jan 2025 | 1:13 PM IST

Weaker rupee to push India's import bill due to higher payments: GTRI

In theory, sectors with low import dependence, like textiles, should gain the most from a weaker rupee, while high-import sectors like electronics should benefit the least

Weaker rupee to push India's import bill due to higher payments: GTRI
Updated On : 17 Jan 2025 | 1:03 PM IST

Govt approves 8th Pay Commission ahead of Budget 2025: What we know so far

The current pay commission, which helps determine govt employee's salaries, allowances, and pensions, is set to end in 2026

Govt approves 8th Pay Commission ahead of Budget 2025: What we know so far
Updated On : 17 Jan 2025 | 11:05 AM IST

PM Modi okays constitution of 8th Pay Commission for central govt employees

"The term of the last Pay Commission will end in 2026. Establishing the 8th Pay Commission well in advance, in 2025 itself, will give us sufficient time to get the recommendations," Vaishnaw said

PM Modi okays constitution of 8th Pay Commission for central govt employees
Updated On : 17 Jan 2025 | 10:20 AM IST

India must thank Manmohan for shift from caste-based to class-based society

For ages, the halwahi ecosystem had maintained a civilisation that had kept trade cashless. Land and grains were the only form of wages

India must thank Manmohan for shift from caste-based to class-based society
Updated On : 16 Jan 2025 | 11:49 PM IST

India to remain fastest-growing large economy in FY26, FY27: World Bank

The global economy is projected to expand by 2.7 per cent in both 2025 and 2026, the same pace as in 2024, as inflation and interest rates decline gradually

India to remain fastest-growing large economy in FY26, FY27: World Bank
Updated On : 16 Jan 2025 | 11:40 PM IST

Income-Tax department recovers Rs 1,070 crore from wrongful claims

The taxpayers filed updated income tax returns (ITRs) for assessment years from FY23 to FY25 after doing the corrections

Income-Tax department recovers Rs 1,070 crore from wrongful claims
Updated On : 16 Jan 2025 | 11:30 PM IST

Indian economy likely to grow between 6.5-6.9% in FY26, says Ficci

On the investment front, the government's focus on capital expenditure is expected to remain a key growth driver in 2025-26

Indian economy likely to grow between 6.5-6.9% in FY26, says Ficci
Updated On : 16 Jan 2025 | 11:09 PM IST

Work in progress to power up Rajasthan govt's solar energy capacity

"The day is not far off when the state will not only fulfil its own needs but also supply electricity to other areas of the country," Rajasthan Minister of State for Energy Heeralal Nagar said

Work in progress to power up Rajasthan govt's solar energy capacity
Updated On : 16 Jan 2025 | 4:41 PM IST