Page 1925 - Economy & Policy News

US becomes sixth largest supplier of crude to India: Dharmendra Pradhan

The jump of the US with in a span of three years is significant as India is importing crude from a wide basket of 39 countries

Ambitious $5-trillion economy target sounds too idealistic: Niti official

Dispelling concerns over the slowdown, Dalmia said that tough times don't last but tough nations do

RBI announces 2 LTROs for three-year tenors worth Rs 250 bn in March

The reversal date of LTRO on March 2, 2020 is March 1, 2023 while for LTRO to be conducted on March 9, 2020, it will be March 7, 2023, RBI said.

Credit growth may rise to 8-9% in FY21 on better economic activity: Crisil

During this fiscal, some growth momentum is expected in the fourth quarter, after subdued three quarters due to traditional fiscal year ending growth

Donald Trump's visit: No trade deal, but India and US sign three MoUs

India and US signed three MoUs as part of the ongoing trade talks between the two nations. These are safety of medical products, liquefied natural gas (LNG) access in India, and mental health

India and US can do a larger trade deal much faster, says Piyush Goyal

He said the two sides would hopefully close the first set of the limited engagement

Donald Trump's India visit: Indian CEOs laud relaxed regulations in US

Both Ambani and Birla said acquisitions and business deals had become easier with faster clearances

US, India now global strategic partners, to start Quadrilateral Initiative

Trump confirmed that India's military signed contracts with Boeing and Lockheed Martin on Tuesday for the purchase of military helicopters

Airport retail in India to grow to $9.3 bn by 2030 from $1.4 bn: Report

Delhi airport earns close to $10-11 duty-free revenue per passenger, while Mumbai earns a duty-free revenue in the range $9-10 per passenger

Indian Railways records its safest year, no passenger deaths in 2019-20

In a statement, the railways said from April 1, 2019 to February 24, 2020, there was no fatality of any railway passenger in any consequential railway accident.

Coronavirus a game-changer, can't rely on China for drug supply: French FM

And the resulting industrial slowdown in China would have a "direct impact" on industrial resupply, he said

India's sugar production estimate revised upwards to 26.5 million tonnes

The industry's closing stock as at the end of September seen at 10 million tonnes

As coronavirus scare spreads, gem and jewellery exports may lose sheen

The gems & jewellery industry has estimated an additional loss of 5 per cent in its exports in the immediate term

CII to set up center for innovation and entrepreneurship in Hyderabad

The Center would cater to the entire country though it will have a special emphasis on Telangana for fostering the overall growth of start-up ecosystem in the state

India and US ink 3 pacts; plan to take ties to comprehensive global level

The unprecedented and historic welcome given to Trump in India will be remembered, Modi said

High-level committee submits report on Clause 6 of Assam Accord to Sonowal

Sonowal is scheduled to submit the report later in the day or on Wednesday to Union Home Minister Amit Shah

LIVE: Trump wraps up day 1 of visit, arrives in Delhi after Taj Mahal visit

Donald Trump India visit LIVE: Prime Minister Narendra Modi said India and the US are natural partners on Trump's first India visit since assuming office

Banks of future will be very different, says RBI governor Shaktikanta Das

Regulating the distinct segments of these banks would be a challenging task, said Shaktikanta Das

'Vivad se Vishwas': MNCs will have to bring all disputed amount to India

Else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid

Cash is still king in India, but digital payments rising sharply: RBI

"India is next only to China in terms of the cash. However, the percentage of cash withdrawals to GDP has been constant in India at around 17 per cent," the report said.