Page 359 - Economy & Policy News

Kerala retains top ranking in NITI's SDG index; Bihar worst performer

Among states, Uttarakhand and Kerala have emerged as joint top performing states with a score of 79, followed by Tamil Nadu (78) and Goa (77)

India's retail inflation rises to 5.08% in June; IIP grows 5.9% in May

Earlier, RBI governor Shaktikanta Das on Thursday said that with retail inflation still above the 4 per cent target, any talks about cuts in interest rates would be too premature

Union Budget 2024-25: Here are the key challenges in health care sector

Public healthcare expenditure is estimated at 2.1% of GDP as of FY23, which is lower than that of many developing nations

PM Modi, FM Sitharaman meet top economists ahead of Union Budget 2024

Social sector push, rural economic development discussed at key meet

Kerala govt unveils slew of sops to promote AI, focused policy on anvil

Minister for Industries and Law P Rajeeve made the state's AI Declaration at the valedictory of the two-day international Gen AI conclave here, laying the road map for the transformative shift

India can be world's second-largest economy by 2031: RBI DG Patra

Evidence of households switching to physical assets; FY26 average inflation seen at 4.1%

India's foreign exchange reserves hit new record high of $657 billion

Economists said that reserves rose due to a combination of revaluation and inflows. Forex reserves fell by $1.71 billion to $652 billion during the week ended June 28

Forex reserves jump $5.16 bn to $657.16 bn as of July 5: RBI data

The forex kitty had declined for the previous two consecutive weeks, dropping $1.713 billion to $651.997 billion for the week ended June 28

Modi govt departs from privatisation plans, might overhaul state-run firms

The aim is to raise $24 billion in the current April-March fiscal year and re-invest the funds in the companies

India to clock GDP growth of 7% in FY25: NITI Aayog member Arvind Virmani

Last month, the Reserve Bank of India (RBI) pegged the FY25 gross domestic product (GDP) growth rate at 7.2 per cent

Indians travelling to Qatar will now be able to use UPI for payments

The move will allow UPI payments in Qatar via the QNB merchant network, benefiting Indian travellers visiting and transiting through the country

US inflation cools again, may usher interest rate cuts by Federal Reserve

A brief pickup in inflation early this year had caused Fed officials to scale back their expectations for interest rate cuts

Union Budget 2024-25: Here are the key challenges in the telecom sector

Sector experiencing financial stress due to debt burdens and low average revenue per user

Banks' deposit growth dips to 10.6%; credit growth at 13.9% as on June 28

Credit up by 13.9% Y-o-Y as on Jun 28

Too early to talk rate cut, won't give guidance: RBI Governor Das

RBI guv says expected credit loss norms in final state of examination, should be out in current financial year

Foreign exchange earnings from tourism at 12-month low, shows data

Number of Indians travelling abroad at a multi-year high, shows government data

Indian refiners likely saved at least $10 bn due to discounted Russian oil

Russia started offering its crude at discounted prices after the Western nations imposed cuts on their oil imports from Moscow in a bid to put pressure on the Russian economy over the Ukraine war

GeM procurement hits Rs 1.24 trn in Q1, set to be world's largest in FY25

Government e-Market (GeM) has over 150,000 government buyers and over 6,200,000 sellers and service providers offering a wide range of products and services

Full Budgets tend to realign fiscal deficits set in interim Budgets

Analysis of fiscal trends since 1991 reveals that full Budgets typically reduce fiscal and revenue deficits set in interim budgets, with notable exceptions during economic crises and major reforms

Budget Watch: FinMin confident of sticking to fiscal deficit of 5.1% of GDP

However, this path may not be as easy for the government to tread