Economy

Economy News

Throwback to OPS to inflate fiscal cost of pensions by 4.5 times: RBI paper

“Future burden of OPS outgo will eclipse short-run gains for state coffers” With some states reverting to the non-contributory Old Penson Scheme (OPS) from the National Pension System (NPS) for.

Read More
Economy News

Tense diplomatic relations may not impact trade, investment ties between India, Canada: Experts

India on Tuesday announced the expulsion of a Canadian diplomat hours after Canada asked an Indian official to leave that country, citing a “potential” Indian link to the killing of.

Read More
Economy News

Zombie firms are rising up again! Killing real competition in Indian telecom and aviation

Better-quality enterprises also suffer faster exits, and new entrants are slower to arrive. “Zombie firms may cast a long shadow on the economy,” the IMF economists conclude. The living dead.

Read More
Economy News

Brazil offers ethanol tech to India to settle sugar dispute

The development came about amid a few rounds of official level talks and a ministerial meeting between the two sides. India and Brazil are close to settling their long-standing disputes.

Read More
Economy News

India’s export surge: A resilient economic odyssey to $776 billion and beyond

India’s goods exports are up nearly 53 per cent in the last two years from a four-year low of $292 billion during FY 2020-21, thanks to the post-Covid surge in.

Read More
Economy News

Being the 5th largest economy ‘impressive,’ but per capita income must also rise, says Ex RBI Governor C Rangarajan

The former RBI Governor underscored that the development strategy must be multidimensional and the country needs strong export as well as manufacturing sectors. While India becoming the fifth largest economy in the.

Read More
Economy News

India’s financial inclusion deepens in FY23, shows RBI data

The index is responsive to ease of access, availability and usage of services, and quality of services, comprising all 97 indicators. The Reserve Bank of India’s (RBI) financial inclusion index.

Read More
Economy News

Finance Ministry issues clarification around GDP growth numbers debate

India’s nominal GDP slowed to 8.0% in Q1 FY24 from 10.4% in Q4 FY23, whereas, the real GDP grew to 7.8% from 6.1% in the same period. In the backdrop.

Read More
Economy News

Indian oil firms explore using stranded $600 million to buy Russian oil

This is at a time when Russia has emerged as the top crude oil supplier to India, accounting for more than a third of all purchases New Delhi makes from.

Read More
Economy News

Around 22 countries exploring bilateral trade with India in rupee: FM Sitharaman

Around 22 countries were negotiating and exploring bilateral trade with India in rupees, Nirmala Sitharaman, the South Asian country’s finance minister said on Friday. Around 22 countries were negotiating and.

Read More