Economy

Economy News

India’s services sector grew at faster pace in September, optimism at 9-year high

S&P Global’s India services purchasing managers’ index rose to 61.0 last month from 60.1 in August, confounding expectations in a Reuters poll for a dip to 59.5. Growth in India’s.

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Economy News

RBI likely to keep rates on hold, prioritise growth ahead of festive season

Industry experts anticipate that the RBI will maintain rate stability, offering promising prospects for borrowers, particularly those contemplating home loans. RBI’s Monetary Policy Committee has kickstarted its 3-day meeting and.

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Economy News

Indian economy to grow at 6.3 pc in FY24: World Bank

According to a World Bank report released on Tuesday, India continues to show resilience against the backdrop of a challenging global environment. The Indian economy is projected to grow at.

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Economy News

Illicit trade casting shadow on India’s progress towards becoming $5 trillion economy, says Anurag Thakur

Addressing the 9th edition of FICCI CASCADE’s ‘MASCRADE 2023’, Anurag Thakur said that by addressing the nexus between illicit trade, organized crime and terrorism, we not only protect our economy.

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Economy News

India’s festive boost: Unemployment rate hits 12-month low of 7.09% in September

The labour participation rate in September saw an uptick in rural areas as compared to August, while in urban areas there was a fall. Reinforcing the notion that economic activities.

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Economy News

Rs 100 cr to be spent on incentives

The first index for the September quarter will be published in November this year. The Centre has allocated Rs 100 crore in FY24 to provide awards and incentives for exemplary.

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Economy News

Monsoon ends with ‘normal’ rainfall as positive factors countered El Nino effect, says IMD

Rainfall between 94 per cent and 106 per cent of the long-period average (LPA) is considered normal. The four-month monsoon season has ended with India receiving “normal” rainfall — 820.

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Economy News

Monsoon ‘below normal’, concerns over kharif yield persist

The IMD had predicted rainfall in the just concluded season at 96%, with an error range of +/-4%. The monsoon season (June-September) this year ended with the country receiving rainfall.

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Economy News

Present high-cost of remittance is “simply unconscionable” when data connectivity is cheap: RBI deputy governor T Rabi Sankar

As per the World Bank’s research, global cross-border remittances in 2022 was estimated to be at $830 billion. The present high-cost of remittance for countries is “simply unconscionable” when data.

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Economy News

Tax collections pick up, grow at 16.5% in April-August

The rise in gross tax mop-up was mainly due to a jump in corporate tax collections during August. The Centre’s gross tax revenue (after refunds) in April-August stood at Rs.

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