Economy

Economy News

Jatin Dalal joins as Cognizant CFO, to get 5 times of what he earned as Wipro CFO

Dalal is expected to take charge at Cognizant in December 2023. He will leave Wipro on November 30 this year. Former president and CFO of Wipro, Jatin Dalal, who has joined Cognizant.

Read More
Economy News

Export promotion scheme extended for nine months

A committee has been formed to review the rates of incentives available under the scheme, a statement said. The government on Tuesday extended the period of its flagship export promotion.

Read More
Economy News

Sluggish global demand, curbs hit agri exports

Shipment of Basmati rice is expected to fall during the August-September period, with the government last month imposing a $1,200 per tonne minimum export price till October 15. Sluggish global.

Read More
Economy News

Government targets 114 MT wheat output in 2023-24

The government has set marginally higher foodgrain production targets of 332 MT for the 2023-24 crop year (July-June), of which rabi season will contribute 161.2 MT. The government on Tuesday.

Read More
Economy News

Govt, RBI officials to finalise second half borrowing plan on Tuesday – sources

India plans to borrow about Rs 6.55 trillion ($78.73 billion) in the second half of the current fiscal year that started April 1, according to government’s budget estimates. Government officials.

Read More
Economy News

Jamie Dimon warns world may not be ready for Fed at 7%

Jamie Dimon, who has said rates may need to rise further to fight inflation, added that the difference between 5% and 7% would be more painful for the economy than.

Read More
Economy News

GST Council to meet on October 7

“The 52nd meeting of the GST Council will be held on 7th October, 2023 at Vigyan Bhawan , New Delhi,” the GST Council said in a post on X. The.

Read More
Economy News

RBI likely to keep interest rate unchanged as inflation still high: Experts

The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The Reserve Bank is likely to maintain status quo on policy rates for the.

Read More
Economy News

CRISIL says decline in India’s growth slowing down; projects CAD to soften to 1.8% this fiscal

The CRISIL report said that the overall goods exports remain under pressure as global growth is softening and purchasing power is impacted by high inflation. Moreover, there has been a.

Read More
Economy News

Household savings at 16-year low threaten India’s growth

Household financial assets, including bank deposits, cash and equity investments, after deducting debt servicing and consumption, eased to 5.1% of gross domestic product in the fiscal year ended March. Rising.

Read More