Page 422 - Economy

India's foreign exchange reserves hit fresh peak of $648.56 billion

In the current calendar year, the reserves have expanded by 23 billion so far. As of 29 December 2023, India's foreign exchange reserves amounted to $623 billion

Retail inflation eases to 4.85% in March, IIP grows 5.7% in February

The government has tasked the Reserve Bank to ensure inflation remains at 4%, with a margin of 2 per cent on either side

Moody's Analytics projects India's economy to expand by 6.1% in 2024

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Maldives in discussion with India to pay in local currency for imports: Min

Saeed said his party was now getting all signals that there was a possibility to make non-dollar payments for all of these massive import arrangements

Moody's Analytics forecasts India's economy to grow by 6.1% in 2024

Moody's Analytics reported that India's output is currently 4% below what it would have been without the impact of the Covid-19 pandemic

India reviews Asean trade pact to address domestic manufacturing anomalies

The Ministry of Commerce and Industry has asked for input from the industry to pinpoint products suffering from an inverted duty structure that puts local manufacturers at a disadvantage

Moody's maintains stable outlook for India, cautions on political tensions

Moody's cautioned that a continued increase in the debt burden could weaken India's fiscal strength and put downward pressure on the rating

Oil prices rise but set for weekly loss amid expectations of Fed rate cuts

The gains erased some losses from the previous session, which was dominated by worries about stubborn U.S. inflation that dampened hopes for an interest rate cut as early as June

India's economy boosts jobs, but for unskilled and semi-skilled workers

It is not really a case of jobless growth, just that job creation is more for the low-skilled

Next round of talks on proposed India-Peru trade agreement likely in Jun

Commerce Secretary Sunil Barthwal said the basic principle of negotiations should be understanding strengths and respecting sensitivities of each other

ADB ups India GDP forecast to 7% for FY25 on investments, consumer demand

Supply line disruptions and weather shocks to agriculture are key risks to outlook, says lender

Engineering insurance premium doubles in 4 years on infrastructure push

Partly aided by premium rates that up by 10-15% since FY20

Lok Sabha polls: Hoping to win by a margin of 500,000, says Nitin Gadkari

Nitin Gadkari, contesting Lok Sabha election from Nagpur as a candidate of the Bharatiya Janata Party (BJP), was fresh as a daisy

CBDT issues FY25 interim action plan to ensure quick disposal of appeals

Aim is to ensure focused efforts on tax collections, faster dispute resolution

ECB keeps rates unchanged as world's central banks wrestle with when to cut

The decision comes as the rich world's central banks including the ECB and the US Federal Reserve are weighing when receding inflation will let them cut rates - and make credit cheaper for businesses

Citroën becomes the first multinational carmaker to export EVs from India

Citroën despatched 500 units of the Made-in-India ë-C3 to Indonesia from the Kamarajar Port

Centre, states need to come together on big reforms in labour, land: CII

A survey by CII, he further said, expects the Reserve Bank of India to cut benchmark interest growth in the second quarter (July-September). The RBI has been holding the repo rate at 6.5%

Govt focus on infra to nurture sustained revival in investment: RBI report

The report further said that while the fixed investment and the lower drag from net external demand propelled real GDP growth, private consumption received support from steady urban demand

At Rs 3.1K crore, revenue mop-up of top local bodies of UP soars 33%

According to a former UP Chief Secretary, the rising tax and non-tax revenue from the local bodies augurs well for the urbanisation agenda of the Yogi Adityanath government

Majority of commodities exported to China record positive growth in 2023

These 90 commodities account for 67.7 per cent of India's export basket to China, while 71 products that have registered a negative export growth in 2023 constitute 32.3 per cent, the data showed