Page 383 - Economy

Budget 2024: Will recent infrastructure failures attract prompt actions?

Several cases have raised concerns about ongoing roadway projects in India, highlighting frequent delays in their completion

Budget 2024-25 to focus on infra expansion, fiscal consolidation: EY India

EY India said India's economy has shown 'resilience' with GDP expanding by 8.2 per cent in 2023-24 after 9.7 per cent and 7 per cent in the previous two years

Indian rupee snaps three-day winning streak tracking weak Asian peers

The rupee settled at Rs 83.57 per dollar on Wednesday, against Rs 83.43 per dollar on Tuesday

Budget 2024: FinMin may revise nominal GDP growth target upwards for FY25

In FY20, the final Budget revised the nominal GDP growth target to 12 per cent from 11.5 per cent assumed in the interim Budget

BS Poll: Majority sees neutral interest rate between 1% to less than 2%

A debate on real interest rate has picked up steam as the repo rate has been kept unchanged at 6.5 per cent since February 2023 despite inflation prints showing a downward trend

NPS logs over 110,000 fresh subscribers in April, reveals NSO data

Overall, 937,000 subscribers joined the National Pension System during FY24, 13.6 per cent higher than the 824,700 subscribers logged in the preceding financial year

Finance ministry asks PSBs to revive inoperative Jan Dhan accounts

The Finance Ministry convened a meeting of PSB heads to assess the progress of various financial inclusion schemes, including PM Vishwakarma, Jan Suraksha, and Mudra Yojana

India at cusp of structural growth shift, says RBI gov Shaktikanta Das

The Indian economy recorded a growth of 8.2 per cent in FY24 and averaged 8.3 per cent in the last three financial years

Govt looks to enable satellite-based toll collection on NHs by FY25

Indian Highways Management Company Ltd also floated an expression of interest for the implementation of Global Navigation Satellite System across the country earlier this month

'We are positive about growth, disinflation', says RBI Governor Das

Addressing the 188th AGM of Bombay Chamber of Commerce & Industry, RBI Governor Shaktikanta Das says, "India is at the threshold of a major structural shift in its growth trajectory

Short debt's share in total external debt down 2.1 percentage points: RBI

The ratio of short-term debt to foreign exchange reserves declined to 19.0 per cent at end-March 2024 from 22.2 per cent at end-March 2023

India's inflation also K-shaped; villagers more hurt by price-rise: HSBC

Rural consumers are more impacted by price-rise than their urban counterparts, economists at HSBC said, adding it outstripped the urban segment by 1.1 percentage point in May

India's external debt rises to $663.8 bn; debt to GDP ratio falls: RBI

At end-March 2024, India's external debt was placed at $ 663.8 billion, an increase of $ 39.7 billion over its level at end-March 2023, according to RBI

SMEs divided over impact of new 45-days payment rule. Is it a boon or bane?

The new 45-day payment rule for SMEs, effective April 2024, aims to ease working capital issues. While some SMEs welcome it, others fear adverse impacts on their businesses

Power outages persist in North India amid rising demand and heatwaves

Trouble could be mounting in the intra-state systems affecting power supply as states are still unwilling to bid out the lines at prices that would attract investors to upgrade capacities

7 yrs of GST: Avg monthly mop up surge by 87% despite certain challenges

With enhanced revenues, the stage seems set for GST 2.0

Why Indians might find it difficult to cut down on their palm oil demand?

Price volatility may lead some companies to reduce palm oil consumption and seek alternatives, but its historically lower cost will likely keep it as the top choice for consumers

Water crisis may weigh on India's sovereign credit strength: Moody's

It can 'exacerbate volatility' in the country's economic growth and spark social unrest, says agency

Indian imports of Russian coal decline, US shipments surge in May

Russia's exports of all types of coal to India over the period fell 22.4 per cent from a year earlier

India expects surge in solar cell output, says will curb imports from China

In a bid to wean itself off Chinese imports, India has levied taxes on some solar components and introduced a so-called approved list of models and manufacturers