Economy

Economy News

Economists say India’s Sep trade deficit narrowing to $19.37 bn augurs well for CAD for Q2FY24

Economists said that while narrower-than-expected merchandise trade deficit print augurs well for the current account deficit for Q2 FY2024, crude oil price volatility amidst geo-political tensions remains a risk to.

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Economy News

Looking to bring down debt burden: Nirmala Sitharaman

Even though India’s debt levels are not very high compared global average, the Central government is looking at ways to bring down the liabilities so as not to burden future.

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Economy News

Reservoir levels down 19%, south dams half empty

The water levels in these dams were 8% below the last 10-year average. However, lower water level is seen to have only a marginal impact on the rabi sowing, as.

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Economy News

Monetary policy must remain ‘actively dis-inflationary’ now: Das

According to the governor, the RBI remains “very focused” on inflation dynamics and stood ready to take “whatever action that needs to be taken.” An interest rate cut is not.

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Economy News

52nd GST Council Meeting: A pragmatic and forward-looking approach

The 52nd GST Council meeting yielded a plethora of recommendations and amendments aimed at streamlining the GST regime, enhancing trade facilitation and minimizing compliance hassles. – By Praveen William with.

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Economy News

95% of FY24 allocation utilised: MNREGS outlay to see Rs 30k-crore hike

The Centre has so far released Rs 56,994 crore or 95% of the Budget estimate of Rs 60,000 crore for MNREGS in FY24. With 95% of the Budget allocation for.

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Economy News

India stands out as a beacon of hope: FM Nirmala Sitharaman

In financing SDG, private capital will do well to make sure that such investments are sustainable for countries too and that means, reconciliation of their commercial goals with the creation.

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Economy News

Further monetary tightening not warranted in the near-term

Given the MPC’s CPI inflation projections for Q1 FY2025 and the derived forward looking real policy rate, ICRA maintains its expectations of an extended pause until the beginning of a.

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Economy News

Unemployment rate dips to 6.6 per cent in urban areas in April-June 2023: Govt survey

The unemployment rate for persons aged 15 years and above in April-June 2022 was 7.6% in urban areas, the 19th Periodic Labour Force Survey showed. The unemployment rate for persons.

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Economy News

Profit warnings to hit S&P 500 as high rates pinch consumers in US

Concerned that Americans might be pulling back, 80% of 567 respondents in the Bloomberg Markets Live Pulse survey said that some sectors are likely to caution about earning trends when.

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