Page 434 - Economy

FY25 likely to witness close to 7% economic growth, but risks remain

Finance Minister Nirmala Sitharaman at the Business Standard Manthan said the high capex growth needs to be maintained to meet growth targets

RBI's journey of 90 years: The building of India's financial fortress

Prime Minister Narendra Modi will join the commemoration at the National Centre for Performing Arts in Mumbai

Key indicators suggest economy remains buoyant at end of FY24: NCAER

Indian economy shows resilience with PMI growth, strong GST collections, and bank credit growth

CBIC notifies guidelines for GST investigation, prior approval for big cos

It further said tax officers should not seek that information from the taxpayer, which is already available online on the GST portal

443 infrastructure projects hit by cost overrun of Rs 4.92 trillion in Feb

According to the report, the expenditure incurred on these projects till February 2024 is Rs 16,76,739 crore, which is 52.39 per cent of the anticipated cost of the projects

Dividend receipts from CPSEs exceed revised estimates by 26% to Rs 63K cr

The revised estimates of the Budget presented in Parliament on February 1 pegged dividend receipts from CPSEs at Rs 50,000 crore for the current fiscal

Need to cut our expenditures, take Pak towards self-reliance: PM Shehbaz

He emphasised that the ministries would have to devise strategies to achieve these targets and the progress would be reviewed regularly

GDP set to grow at least 8% in Jan-March quarter: FM Nirmala Sitharaman

Country's economy is projected to grow at 7.6% in the current fiscal year to March 31, according to the latest government estimates

IMF to increase Egypt's bailout loan to $8 billion to shore up its economy

Egyptian economy has been hit hard by years of government austerity, covid pandemic, Russia-Ukraine war and the Israel-Hamas war in Gaza

India's forex reserves rise by $140 mn to hit fresh peak of $642.63 bn

Gold reserves increased by $347 million to $51.487 billion during the week, the RBI said

India's forex kitty rises by $139 mn to $642.63 billion: RBI data

Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund

Want to see 'more good inflation readings' before rates are cut: Powell

But the central bank's policymakers, he said, need to see further evidence before they would cut rates for the first time since inflation shot to a four-decade peak two years ago

US monthly inflation slows, consumer spending surges, reveals data

The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said

Domestic demand growth for non-ferrous metal may remain 10% in FY25: Icra

The operating margin of domestic players is also likely to remain stable at 17-17.5 per cent in FY25, like the levels estimated in FY24

Fed's balancing act could see rate cut in play even with sticky inflation

Others see a slowing economy and weakening job growth on the horizon, pushing the Fed to cut in order to support the labor market

Centre orders mandatory declaration of wheat stock position from April 1

The Union government said that the move is in a bid to manage the overall food situation and prevent hoarding and unscrupulous speculation

India keen on trade deals with UK, Oman in PM Modi's probable next term

Modi has asked Indian ministries to set annual goals for the next five years that will fit into a 100-day action plan as he chalks out a strategy to fuel further growth in Asia's third-largest economy

Young Indians more likely to be jobless if they are educated: ILO data

The unemployment rate for young people with secondary or higher education was six times higher at 18.4 per cent

Cash-strapped Pakistan needs to get India onboard on trade matters

The problem is that Pakistan needs India far more than India needs Pakistan. The Indian economy is stable and India remains deeply reluctant to open its markets to other developing countries

India's Apr-Feb fiscal deficit at Rs 15.01 trn, hits 86.5% of FY24 target

The Centre's fiscal deficit is estimated at Rs 17.34 trillion for FY24