Page 233 - Economy

Assam received Rs 5.18 trn investment proposals in biz summit: CM Himanta

The commitments amount to 80 per cent of the state's gross domestic product (GDP), which is projected to reach Rs 6.43 lakh crore by March, Sarma said at a press conference here

Key infra sectors growth picks up to 4.6% in January, shows govt data

The key infrastructure sectors' output had expanded by 4.8 per cent in December 2024

India and EU decide to conclude free trade agreement by end of 2025

In his media statement after talks with Von der Leyen, Modi described India-EU strategic partnership as "natural and organic" and one that it is based on "trust" and shared belief in democratic values

EPFO keeps interest rate at 8.25% for FY25, benefiting 300 million members

This comes against the backdrop of ebbing stock markets and bond yields in the current financial year

Fiscal deficit touches 74.5% of full year target at end-Jan, shows CGA data

In actual terms, the fiscal deficit -- the gap between expenditure and revenue -- was Rs 11,69,542 crore during the April-January 2024-25 period

India's Q3 GDP grows at 6.2%, FY25 forecast revised to 6.5%: Govt

Q3 GDP growth rebounds in second half of the year led by uptick in agricultural and industrial activity, along with resilient rural demand

India, EU discuss ways to strengthen collaboration on climate change

In a post on X, Yadav said they discussed opportunities to further strengthen the scientific and technical collaboration in fields of resource efficiency, circular economy and recycling of waste

India's gold demand improves as prices retreat from all-time highs

India's gold imports are set to tumble 85 per cent in February from year ago levels to their lowest in 20 years

CM Majhi sets 85% expenditure target for Odisha in 2024-25 fiscal year

Stating that Odisha's 6.1 per cent allocation of its Gross Domestic Product (GSDP) to capital expenditure is the highest in the country, the chief minister said programme expenditure

India needs 7.8% growth to become high income country, says World Bank

The report comes just hours before India is set to release gross domestic product figures for the last quarter

EPFO retains 8.25% interest rate on employees' PF deposits for 2024-25

The 8.10 per cent rate of interest on EPF for 2020-21 was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent

India, EU looking to seal FTA deal this year: EC Prez Von der Leyen

In an address at a think-tank, the top leader of the 27-nation bloc also said that the EU is exploring a future security and defence pact with India in line with its ties with Japan, South Korea

India's economic recovery likely clouded by global trade risks ahead

The Indian government has already lowered its GDP growth estimate for the current fiscal year through March to 6.4 per cent

Q3 GDP growth seen stronger on improved rural demand, govt spending

In the three months to December, gross domestic product likely expanded by 6.3% from a year earlier, according to a Reuters' poll

Pvt sector, edu reforms critical in journey to developed nation: Experts

Laveesh Bhandari, CSEP President, said that he is not bothered about economic growth going up or coming down a bit but about medium- to long-term growth

Reducing fiscal deficit to around 3% of GDP difficult: Govt to IMF

The report further noted that both the IMF and the government saw a need for medium-term fiscal consolidation but considered targeting a more gradual pace of adjustment to be appropriate

India to sign MoU with Israel and Saudi Arabia for critical minerals

Minister Reddy announced the deployment of 20 nodal officers in international locations that have the potential for critical minerals

Rupee reverses losses, ends flat at 87.2 per dollar on likely RBI support

The rupee opened six paise weaker against the greenback, tracking the rise in the dollar index

Moderation in inflation creates policy space for RBI to cut rates: NCAER

Earlier this month, RBI slashed policy repo rate by 25 basis points to 6.25 per cent. The next monetary policy committee meeting is to be held in April

House price index rises 3.1% in third quarter of FY25, shows RBI data

The RBI released its quarterly house price index for the December quarter of 2024-25 on Thursday, based on transaction-level data received from the registration authorities in 10 major cities