Economy

Economy News

Govt launches digital gateway for farmers to access pledge finance

The gateway provides details of loans offered by various banks. To enable farmers to access pledge finance against the harvested commodities, the government on Monday launched an online digital gateway.

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Economy News

GST mop-up grows 12.5 pc to over Rs 1.68 lakh cr in Feb

The total gross GST collection for the current fiscal (April 2023-February 2024) stands at Rs 18.40 lakh crore, 11.7 per cent higher than the mopup for the same period last.

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Economy News

Thailand recalls its WTO ambassador on India’s protest

Pitfield has been asked to report back to Thailand after the conference and is learnt to have been replaced by Thai foreign secretary. Thailand has replaced its ambassador at the.

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GDP at 8.4% in Q3FY24: Economists raise some concern on marginal dip in consumption rate

India’s economic growth witnessed significant upswing on the back of good performance by the sectors such as construction, mining & quarrying and manufacturing. “Private and government consumption expenditure was very.

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So near and yet so far: India, UK make last ditch attempt ahead of polls to sign trade deal

Of India’s merchandise imports from the UK of $8.96 billion in FY23, over 90% attracted average-to-high tariffs. The highest tariffs are on cars at 100% and on Scotch whisky and.

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Economy News

Restrictive monetary policy can dent capex revival: Monetary Policy Committee’s Jayanth Varma

The MPC also states that risks to this projection are evenly balanced. An unnecessarily restrictive monetary policy can dent the revival in private capital expenditure, says monetary policy committee’s external.

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Economy News

Asset monetisation seen to surpass Rs 1.67 trillion target in FY25

Led by sectors such as mines and highways, the NMP achieved Rs 97,000 crore in FY22, exceeding the target of Rs 88,200 crore in the first year of the programme..

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Focus on timelines, predictability at next sovereign debt roundtable, IMF chief Kristalina Georgieva says

Georgieva told Reuters she hoped to make progress on the issue when the roundtable – which includes debtor countries and official and private creditors – meet in Washington in April.

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Economy News

Poverty sees drastic fall, could be around 4.5-5%, says SBI report

“Based on recent fractile distribution, the sample proportion for poverty in rural areas is 7.15% and 4.62% in urban areas,” Ghosh said. Poverty levels in India have witnessed a significant.

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Economy News

GDP growth seen slowing to 6.7% in Q3

The NSO, in its first advance estimate, has projected private final consumption expenditure (PFCE) to grow merely 4.4% in FY24 at the slowest pace since FY03, mainly due to tepid.

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