Page 245 - Economy

How India can achieve rapid growth to achieve 'Viksit Bharat 2047' goal?

India must adopt a focused approach in the coming years to achieve Viksit Bharat by 2047. Achieving 8-10% growth is possible with coordinated, growth-focused policies at both central and state levels

Govt counts on tax, interest rate cut to revive economy; investors cautious

The decision by India's central bank on Friday to reduce its key rate for the first time in five years comes less than a week after Modi's government unveiled historic tax cuts in its federal budget

Modi govt spent Rs 11 trn on infra development in one year: Scindia

Addressing a press conference to highlight various provisions made in the recently-presented Union Budget, he said the budget will make India self-reliant and aims to establish it as a 'Vishwaguru'

Households expect inflation to moderate; consumer confidence dips

Inflation expectations showed an upward trajectory for three months and one-year ahead period

Monetary policy: Banks get breather on draft LCR norms for at least a year

"Trade-offs between stability and efficiency will be kept in mind"

RBI to review mkt trading, settlement timings to enhance scope, liquidity

The RBI announced the formation of the working group, to be headed by R S Ratho

RBI to introduce forward contracts in govt securities: Governor Malhotra

Bond market participants said that in bond forwards, there will be actual delivery of bonds

Union Cabinet approves new income-tax Bill; law set to be simpler

In addition, the official stated that in the new income tax bill, authorities have not been given excessive powers

RBI's internal committee reviewing economic capital framework: Governor

The panel had also suggested that the RBI's ECF be reviewed every five years

Monetary policy: Time to support growth as inflation coming down, says RBI

It has been the endeavour of Reserve Bank to provide as much liquidity as is required

Focus on bringing out district-level estimates: Amitabh Kant to MoSPI

Addressing the event, MoSPI secretary Saurabh Garg also emphasised on the work being done by the ministry on making district-level estimates available

E-way bill generation hits a new high in January, shows GSTN data

In December last year, e-way bill had hit the second highest level at 112 million, after it peaked earlier at 117.2 million in October due to the festive season

India is both a developed & developing country: Former German ambassador

Whether it's in Starbucks or buying cucumbers in countryside, people use QR codes. This level of digital integration is something West can learn from, says Walter J Lindner, former German ambassador

Severe delays in Rs 1 trillion national highway projects: CareEdge Ratings

Delayed HAM projects rose from 33% of total projects to 55%, says agency

RBI Guv lauds Budget, says Rs 1 trn tax relief will not impact inflation

Malhotra, a career bureaucrat who took over as the Governor of RBI in Dec, said that Rs 1 trn of tax relief given to middle class to spur consumption will not have any major impact on inflation

MP announces drone policy, incentives to become manufacturing hub

Capital subsidy of up to 40 per cent (maximum Rs 30 crore) will be provided to entrepreneurs setting up drone-manufacturing units in the state

India's forex reserves rise $1.05 bn to $630.607 bn, shows RBI data

This is second consecutive week of an increase in the reserves, which have otherwise been on a declining trend for the last few weeks due to revaluation along with forex market interventions by RBI

India's exports likely to touch record $800 bn this year: Piyush Goyal

Goyal told him not to worry about falling forex reserves as they have consistently been above USD 600 billion for many months

Govt to roll out monthly unemployment figures from April for data accuracy

Until now, the government released only quarterly unemployment figures for urban areas and combined annual data for urban and rural areas

India's fuel demand in January rises 3.2% to 20.49 million tonnes

Consumption of fuel, a proxy for oil demand, rose to 20.49 million metric tons, data from the oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed