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Stock Market Plunge Continues: BSE Sensex Crashes over 500 points

May 9, 2024 11:47

The Indian equity benchmark indice, BSE Sensex crashed further in trade today morning, bringing it below 73000 and Nifty50 also went below 22500 at 10.40 AM today. Experts have commented that the market behaviour is outcome of the aggressive selling by FIIs, touching to Rs 15863 crores so far this month. Concerns regarding election results […]

India Gears Up to Be Global Leader in Medical Device & Pharma Exports

March 3, 2024 13:18

India is poised to become a global leader in the export of medical devices and pharmaceuticals, declared Union Health Minister Mansukh Mandaviya on Saturday. Highlighting India’s transition into a significant exporter of bulk drugs and medical devices, Mandaviya emphasized the nation’s efforts to mitigate risks in the supply chain and reduce dependence on single-country sources […]

India discovers new oil reserve, reducing dependence on crude oil imports

January 9, 2024 16:47

India has discovered a new oil reserve in the Krishna Godavari Basin, off the coast of Kakinada, Andhra Pradesh. The discovery was announced by Union Petroleum Minister Hardeep Singh Puri. Puri said that the first oil was extracted from the well on January 7, 2024. He added that the well is expected to produce 45,000 […]

India To Remain Fastest Growing Major Economy In 2024, Says OECD Report

January 1, 2024 11:41

After successfully braving the rough waters of 2023, India is likely to remain as the world’s fastest-growing major economy in 2024 on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange (forex) reserves, says the latest Organization for Economic Cooperation and Development (OECD) report. Despite widespread pessimism witnessed among […]

Infra Spending, Performance Of Large Economies Led To GDP Growth: Ex-RBI Chief Rajan

December 14, 2023 16:23

Former RBI governor Raghuram Rajan said that in the first half of the current fiscal year, the sharp increase in GDP is attributed to infrastructure spending and performance of large economies of the world. Rajan further said that even as India’s growth rate is strong, private investment and private consumption have not picked up. He […]

India poised to become third-largest economy by 2030: S&P Global

December 6, 2023 18:06

India’s economy could rise to the third rank by 2030, S&P Global has projected. “India is set to become the third largest economy by 2030, and we expect it will be the fastest growing major economy in the next three years,” S&P Global was quoted as saying in its Global Credit Outlook 2024 report titled, […]

India Struck a Great Balance Between Ecology and Economy: PM Modi at COP28

December 1, 2023 18:05

Dubai, UAE: During his address at the COP28 climate summit in Dubai, Prime Minister Narendra Modi on Friday highlighted India’s achievements in striking a balance between ecology and economy. He also proposed to host the COP33 in India in 2028. India’s Commitment to Climate Action PM Modi stated that India, despite being home to 17% […]

Prime Minister Narendra Modi Distributes Over 51,000 Appointment Letters Under Rozgar Mela

December 1, 2023 12:36

NEW DELHI: Prime Minister Narendra Modi on Thursday distributed over 51,000 appointment letters to newly inducted recruits under the ‘Rozgar Mela’ scheme, marking a significant step towards fulfilling the government’s commitment to providing 10 lakh government jobs. Addressing the new recruits via video conferencing, Prime Minister Modi emphasized the importance of their role in nation-building […]

Inflation Eases, But A Word Of Caution From RBI

November 17, 2023 14:01

Despite markets easing up a bit and retail prices cooling off, the Reserve Bank of India (RBI) has cautioned that we are still not completely out of the slump. ‘India is not home-free with regards to the pressures of high prices but the moderation in retail inflation over the last two months is a relief,’ […]

Becharaji Development Authority To Boost Trade, Tourism In Region

October 23, 2023 13:28

The Gujarat government has announced the establishment of Becharaji Area Development Authority (BADA) to boost economic and religious potential of the Bahucharaji region in North Gujarat, renowned as a Shaktipith pilgrimage site. Apart from the ancient Bahuchar Mata shrine, the Shankhalpur Tirth, Vallabh Bhatt’s Vav, the Mandal-Becharaji Special Investment Region (SIR) is also in the […]

RBI Refused Govt’s Push to Transfer Rs 3 Lakh Crore in 2018 Ahead of General Election: Viral Acharya

September 6, 2023 14:49

New Delhi: The Reserve Bank of India (RBI) refused the government’s proposal to extract Rs 2-3 lakh crore from its balance sheet in 2018 for pre-election expenditure ahead of Lok Sabha polls in the following year, former central bank deputy governor Viral Acharya said in a new prelude to his book, Quest for Restoring Financial Stability in India. According […]

Under The PLI Scheme, India Is Paying Manufacturers To Bring Work: Raghuram Rajan

August 16, 2023 10:26

In an interview with Karan Thapar, former RBI governor general Raghuram Rajan points out flaws in the Union government’s claim that India has become a mobile phone exporter after the Production Linked Incentive (PLI) scheme was introduced. Apart from questioning the numbers about net exports, Rajan also asks if the government’s assumption that low-skill manufacturing […]

Rs 500 Notes Worth ₹88,032.5 Cr Missing

June 16, 2023 19:00

As a considerable amount of 500-rupee notes appear to have vanished, the Reserve Bank of India (RBI) is faced with a complex problem that raises serious security implications for the Indian economy. With an estimated value of a staggering ₹88,032.5 crore, the whereabouts of approximately 1,760.65 million of these notes remain unknown, including those printed […]

RBI Keeps Repo Rate Unchanged At 6.5%

June 8, 2023 11:48

RBI Governor Shaktikanta Das announced on Thursday that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5 per cent. This decision comes after the central bank’s previous meeting in April, where it put halt to its rate hike cycle and kept the repo […]

CII Chief’s 8-Point Agenda On Growth

June 2, 2023 16:35

The Confederation of Indian Industry (CII) president, R Dinesh, recommended a few measures to achieve a sustainable growth of over 7.5%. He appreciated the Centre’s “pragmatic and transformational policies” and laid emphasis on “building trust” while announcing Quality Mission 2.0. Some of CII’s top action goals for the upcoming year included livelihood businesses, tourism, wellness, […]

Auditor Deloitte Flags 3 Transactions Of Adani Ports

May 31, 2023 17:01

The auditing firm Deloitte offered a qualified opinion on the financial statements of Adani Ports & Special Economic Zone and highlighted three transactions, including recovery from a contractor mentioned in the Hindenburg report.  Deloitte Haskins & Sells LLP noted transactions with three entities in the auditors’ report on the audit of the fourth quarter and […]

RBI Among Top Five Gold Buyers 

May 3, 2023 11:19

The Reserve Bank of India (RBI) has become one of the top five gold buyers in the March quarter, according to bullion market experts. As central banks look to diversify their reserves amid economic uncertainties, the RBI has increased its gold reserves to just under 800 tonnes.  The bank acquired about 10 tonnes of gold […]

India Elected To Two UN Boards; Four-Year StatCom Term Starts 2024

April 6, 2023 11:55

In a significant victory, India was elected to the UN Statistical Commission (StatCom) for a four-year period in a “competitive” election. It should be mentioned here that India was a member of the Statistical Commission last in 2004 and the country is returning to the UN agency after a gap of two decades. Meanwhile, South […]

Are Trade Barriers and Tariffs on the Way Out? Asks Vinay Maloo

March 19, 2023 11:37

The Vinay Maloo entrepreneur has an optimistic view of the global market and is confident that things will improve. As the world economy is about to change due to globalization. Many entrepreneurs and business leaders are looking at the future optimistically.  Most Successful Entrepreneurs 2023: One of these few is Vinay Maloo , a successful […]

Startups Incorporated Till March 2024 To Get Tax Benefits

February 1, 2023 19:51

Central government proposed to extend income tax benefits to startups incorporated till March 2024. Finance Minister Nirmala Sitharaman said that the government proposes to increase the benefit of carrying forward losses for startups to 10 years. Sitharaman said ‘I propose to extend the date of incorporation for income tax benefits to startups from March 31, […]