Page 1115 - Economy & Policy News

India's GDP growth expected at 7.8% in fiscal 2023, says Crisil

India's gross domestic product (GDP) growth is expected to come in at 7.8 per cent in fiscal 2023, said ratings agency Crisil.

MS flags stagflation risk for India, cuts FY23 GDP growth forecast

'We believe that the ongoing geopolitical tensions exacerbate external risks and impart a stagflationary impulse to the economy,' they said

Morgan Stanley expects India's CAD to widen to 10-year high

Morgan Stanley expects the April RBI policy to mark the process of policy normalisation with a reverse repo rate hike.

India's Russian coal imports could be highest in over two years in March

Russia could start offering more competitive prices to Chinese and Indian buyers as European and other customers spurn Russia because of sanctions, traders said

India may grow at 7.8% in FY23 with risk tilted towards downside: Report

The country is expected to register a growth rate of 8.9 per cent in the current fiscal ending March 31

Digital technology should reach every nook and corner of India: Sitharaman

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Thursday asserted here that the benefits of digital technology should reach every nook and corner of the country

India Inc's direct overseas investment plunges 67% to $754 mn in Feb

India Inc's direct overseas investment declined 67 per cent to USD 753.61 million in February this year, the Reserve Bank data showed on Thursday.

Maharashtra saw drop in FDI inflow in 2021-22; Karnataka emerged on top

The FDI inflow in the state from April 2000 to September 2021 was Rs 9,59,746 crore, which was 28.2 per cent of the total FDI inflow of the country, the survey stated

BPO, shipping lead Feb 2022 hiring activity: Monster Employment Index

Monthly uptick of 3% in hiring activity over January 2022

Subscribers under PFRDA schemes increase 22% to 5.07 cr in Feb

The number of subscribers under two flagship pension schemes by PFRDA jumped 22 per cent year-on-year to more than 5.07 crore by the end of February

ASCI starts paid advisory service to help celebrities with due diligence

This follows ASCI's "Advertising Advice" service that it had started for brands last year

Will resumption of overseas flights revive fortunes of aviation sector?

After two years, regular international flights will resume beginning March 27. It will replace India's air-bubble arrangement with 37 countries. What does it mean for aviation and tourism industry?

India and Canada set to hold bilateral trade talks starting today

Piyush Goyal had earlier said that India is likely to propose an interim trade deal with Canada, which will be followed by a full fledged trade deal

India-UAE bilateral FTA: Upgrades in the export basket, shows data

The share of mineral products, pearls, precious stones and metals has declined, whereas machinery and appliances have climbed to double digits

Airlines line up new flights as govt allows regular international ops

Airline executives said the increase in flights in summer will be based on market demand

Surge in commodity prices may push CAD to 2.8% of GDP in Q3: Report

The report said although the Omicron-led Covid wave has subsided, the geopolitical risks to the global recovery have increased due to the Russia-Ukraine conflict

Infra push: Railways to spend Rs 1 trn on developing and procuring assets

Senior officials said the ministry planned to begin capital expenditure in April itself

Comm Min extends deadline for exporters to submit applications for dues

Exporters can claim pending refunds under the Merchandise Exports from India Scheme (MEIS), RoSCTL (Rebate of State and Central Levies and Taxes) scheme and Rebate of State Levies (RoSL) scheme

Sanctions on Russia unlikely to trouble defence sector: Niti Aayog member

India's defence sector will not face any problems because of the western sanctions on Russia, Niti Aayog member V K Saraswat said on Wednesday.

Cabinet approves amendment in MMDR Act to fix royalty of certain minerals

'The approval would ensure auction of mineral blocks in respect of glauconite, potash, emerald, platinum group of metals, andalusite and molybdenum thereby reducing imports of these minerals'