Economy

Economy News

NBFCs should not go too far in lending zeal: Finance Minister

Customer data completely safe in India. With the Reserve Bank of India (RBI) taking a tougher stance on unsecured loans, Finance Minister Nirmala Sitharaman on Thursday cautioned that non-bank finance companies.

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Economy News

Capex order inflow moderates as elections draw closer; capital goods, railways, roads sectors to lead growth

The report by Elara Securities said that the election season is leading to order inflow momentum for large projects especially in capital goods, railways as well as the roads sectors..

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Economy News

India’s economic activity at 5-month high of 7.5% in Oct led by festive demand, says CareEdge

India’s economic activity index grew at a 5-month high of 7.5 per cent in October, supported by increased economic activities led by festive demand boost. Led by the festive demand,.

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Economy News

India seeks deal with Brazil for pulses imports

This year India has imported 2.13 million tonne (MT) of pulses – 1.08 MT (lentil), 0.62 MT (tur or pigeon pea) and 0.42 MT (urad or black gram) mostly from.

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Economy News

Just-in-time release of central funds to cut borrowings

Under new mechanism, CSS funds to be in RBI custody, rather than in state treasuries. The Centre is planning to roll out a new mechanism that would remove the floating.

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Economy News

India developing sea protocols for fresh fruits, vegetables to promote exports through ocean routes

An increase in exports of fresh fruits and vegetables can help push shipments of agri products at a time when India has prohibited exports of non-basmati white rice and wheat..

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Economy News

States may not fully utilise Rs 1.3 trn capex loan in FY24

Till November 7, the Centre had sanctioned Rs 1.1 trillion or 85% of the capex loans facility, more than half of which was already disbursed. Going by the trends so.

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Economy News

Indian economy still not out of woods, says RBI

Retail inflation came down to 4.9% in October from the average of 6.7% in 2022-23 and 7.1% in July-August 2023 but remained above the RBI’s 4% target. Retail inflation has.

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Economy News

Centre seeks Rajasthan wheat to increase procurement

NEW DELHI : The Centre is in talks with Rajasthan to increase procurement of wheat and coarse grains, a government official said, seeking anonymity. At present, Rajasthan buys oilseeds and pulses.

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Economy News

Inflation falls to 4-month low of 4.87% in Oct, RBI seen to remain on prolonged pause

Core inflation at a 43-month low, but RBI’s concerns over repeated food price shocks seem valid. India’s retail inflation based on the Consumer Price Index (CPI) fell to a four-month.

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