Page 414 - Economy

India's coal import surges 8% to 268 MT in FY24 due to rise in power demand

Coal import in March FY24 also rose to 23.96 MT, over 21.12 MT in the corresponding month of the previous fiscal

China beats US to emerge as largest trading partner of India in FY24: GTRI

The data showed that India's exports to China rose by 8.7 per cent to $ 16.67 billion in the last fiscal

Govt to give focused attention to promote textiles' exports, says secy

The government has set an ambitious target to achieve $ 100 billion export for textile products by 2030

FIU-India to lift ban on world's largest crypto exchange Binance soon

Director bats for self-regulatory mechanism

LS polls: Job promises galore as Odisha scores low on employment index

Despite declining by three percentage points in 2022-23 (FY23) compared to FY19, Odisha's unemployment rate remains higher than the average in India

Slowdown in mining output drags IIP growth to 4.9% in March: Govt data

The IIP had grown by 1.9 per cent in March 2023

RBI appoints R Lakshmi Kanth Rao as executive director effective May 10

As executive director, Rao will handle the Deposit Insurance and Credit Guarantee Corporation (DICGC), the Right to Information Act (FAA), and the Department of Communication

IIP growth slows marginally to 4.9% in March; grows 5.8% in FY24

The manufacturing sector's growth accelerated to 5.2 per cent in March compared to 1.5 per cent a year ago

Forex reserves jump by $3.66 billion to $641.59 billion, shows RBI data

The overall kitty dropped $2.412 billion to $637.922 billion for the previous week ended April 26

No country can ignore ratings by credit rating agencies: Subbarao

RBI may be looking at the bigger picture, and companies at their balance sheets, says former RBI governor D Subbarao on draft provisioning norms

17 firms under IT hardware PLI to start production this year: IT secy

The government in November, 2023 approved the application of 27 companies, including Dell, HP, Foxconn, Lenovo, Netweb Technologies, under new production-linked incentive (PLI) scheme

India received $111 bn in remittances in 2022, highest by any country: UN

Three countries in Southern Asia - India, Pakistan and Bangladesh, rank among the top ten recipients of international remittances in the world

IDBI Bank stake sale: FinMin in talks with RBI to hurry vetting process

Govt hopes to conclude transaction by FY25-end

Europe, US companies back India for derisking from China: Survey

The other key emerging markets, the survey said, are southeast Asia, where 60 per cent of the respondents were willing to put in 50 per cent more investment in the next three years

Govt projects biggest power shortfall in 14 years, races to curb outages

The deficit also follows delays, a government source said, in the commissioning of 3.6 gigawatts (GW) of new coal-fired plants which had been targeted to be operational before March

India's fiscal deficit for FY24 likely to be better than expected

Govt capex for the last financial year also in line with projections, say sources

Prices of pulses stable, vegetables witness rise in last one month

Traders and market players said that going forward, vegetable prices will continue to rule firm as heat wave singes supplies

Indian PE, VC investments decline 35% to $39 billion in 2023: Report

The private equity (PE) investments in India dropped by 18 per cent to USD 29.6 billion from a peak value of USD 36 billion in 2022

Exim Bank expects 12.3% growth in exports during Apr-Jun quarter to $116 bn

The positive growth in India's exports could be the result of the country's GDP growth fundamentals and outlook, and sustained momentum in the manufacturing and services sector, it added

Reserve Bank of India repurchases govt bonds worth Rs 10,512 crore

Most of the funds were picked up by state-owned banks and insurance companies, said market participants