Page 240 - Indian Economy

Central Board of Reserve Bank of India reviews current economic situation

The Central Board of RBI on Friday reviewed the current economic situation and the recent policy measures taken by the Reserve Bank to mitigate the adverse impact of COVID-19

Hotter future ahead: India, economy on the front lines of climate crisis?

The recent IPCC report on climate change briefed us of a hotter future we are inching towards. Its Sixth Assessment Report, released this week, makes for grim reading for India in particular. Watch the video to understand its impact on Indian economy and more.

Forex reserves for hedging, can't use them to fund projects: Experts

Carry liability and not 'free' resource for funding

Food items drag retail inflation to three-month low of 5.59% in July

Even as the food inflation rate dropped to 3.96 per cent from 5.15 per cent, certain items saw an elevated rate of price rise

Recovery not yet at stage for pulling back liquidity: FM Sitharaman

The finance minister exhorted India Inc to bring in fresh capital to help the government in reviving the economy

India can't become world's next factory by copying China: Amitabh Kant

Kant calls on industry to focus on digitisation and green tech

The Rs 6-trillion challenge

Aggressive asset monetisation can help push growth

'Rigorous' work underway to achieve privatisation targets: FM Sitharaman

Sitharaman said on Thursday that the government is undertaking all the "necessary rigorous" work to complete the planned privatisation processes by the end of this financial year.

Govt ready to do everything required to revive economy, push growth: FM

Finance Minister Nirmala Sitharaman on Thursday assured India Inc that it is ready to do everything required to revive and support economic growth hit by the Covid-19 pandemic

Indian economy hasn't reached level of easing of liquidity: FM at CII event

There are indicators which suggest that the economy is buoyant and recovery is taking place post lifting of Covid restrictions by states, says Nirmala Sitharaman

Retro tax gone, industry must revive animal spirits: Revenue Secretary

Revenue Secretary Tarun Bajaj says withdrawal of retrospective tax amendments is the government's policy to provide a stable and predictable tax regime

Economy picking up pace, industry needs to increase risk appetite: PM Modi

He added that now Indians want made in India goods irrespective of the origin of the company that is producing the goods.

Exports may touch $1 trillion by FY28; RoDTEP rates likely by Friday: Secy

The secretary said that Indian exports have been roughly fluctuating between $290 billion and $330 billion for the last 10 years.

Towards a new compact

Without a collaborative arrangement between the Centre and the states, fresh reforms in many areas would become more contentious

Rural consumers' brand adoption

The question remains whether rural households that experimented with a packaged branded atta or packaged branded detergent will continue to use the same

Economic impact of 2nd Covid-19 wave likely to be muted: Finance Ministry

The finance ministry on Tuesday said the economic impact of the second wave of the COVID-19 pandemic is likely to be muted and there are visible signs of economic rejuvenation. The latest Monthly Economic Review, released by the finance ministry, said the "robust recovery in tax collections cushions the fisc towards meeting the budgeted support to the economy". It also said the recent sero-prevalence results signify that India can reduce the likelihood of severe illness due to COVID-19 if the country sustains the momentum of the vaccination programme. "Having antibodies reduces the probability of acquiring serious illnesses, as is borne by studies. So, any subsequent waves are expected to be mild in terms of severity of disease," the ministry said in the report. However, it is imperative that COVID-appropriate behaviour and due protocol is followed. At this juncture, it said, the economy and society are at a crucial inflection point where sustenance of economic recovery, vaccinati

Finance Ministry releases Revenue Deficit Grant of Rs 9,871 cr to 17 states

The Finance Ministry has released its fifth monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to the states on August 9

Exports up over 50% to $7.41 bn during August 1-7, shows govt data

The country's exports rose by 50.45 per cent to USD 7.41 billion during August 1-7, on account of healthy growth in the shipments of engineering goods, gems and jewellery as well as petroleum products, according to provisional commerce ministry data. Imports during the week too grew by about 70 per cent to USD 10.45 billion, leaving a trade deficit of USD 3 billion. Exports of engineering goods increased by 63 per cent to USD 834 million. Similarly, the outbound shipments of gems & jewellery rose by 121 per cent to USD 418 million. For petroleum products exports increased 145 per cent to USD 522 million, the data showed. However, exports of iron ore, oil meals and oil seeds recorded negative growth. Oil imports during August 1-7, jumped by about 141 per cent to USD 1.80 billion. Similarly, imports of electronic goods rose by nearly 31 per cent to USD 308 million. Gold imports during the period declined by 12.48 per cent to USD 100 million. Exports to the US, UAE and Saudi Arab ..

Recovery tracker: Power generation up to 3-week high, mobility spikes

The power generation recovered sharply week on week basis as a lull in monsoon rains raised temperatures across the country

Ending retro tax to boost $5-trn economy dream: FM Nirmala Sitharaman

Rajya Sabha returns Bill to Lok Sabha amid Opposition protests