Economy

Economy News

India’s external debt-service ratio at 5.3% within comfort zone, says FM Sitharaman

The report said the debt service ratio during 2022-23 has increased marginally to 5.3 per cent from 5.2 per cent during the previous year, mainly due to a rise in.

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Economy News

New Delhi Leaders’ Declaration: “Food prices off peak, but volatile”

Declaration denounces export bans on grains While committing to support developing countries in dealing with food security challenges, the New Delhi Leaders’ Declaration on Saturday expressed commitment to facilitate open,.

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Economy News

India-UK FTA talks appear deadlocked

“A lot of hard work that’s still to go,” says Sunak Prime Minister Narendra Modi on Saturday held meetings with his counterparts from the UK and Japan on the sidelines.

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‘Highly hopeful’ of MDB reforms: DEA Secretary

One of the strong outcomes of the Indian Presidency is taking forward the implementation of the Capital Adequacy Framework (CAF) for MDBs that could yield $200 billion in additional funding.

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Economy News

More steps soon to boost supply of pulses: DCA secy

Removal of import duties, long-term import commitments and stock limits likley The government aims to curb the spike in pulses inflation through several measures including abolition of import duties on.

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India’s forex reserves jump $4.03 billion to $598.89 billion

For the week ended September 1, the foreign currency assets, a major component of the reserves, increased by USD 3.442 billion to USD 530.691 billion, according to the Weekly Statistical.

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India seeks to fill a China-sized gap in global economic growth

Prime Minister Narendra Modi’s government has sought to compensate for low private investment by plowing billions into new infrastructure and using a mix of tariffs and incentives to lure global.

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Govt asks traders and importers to disclose masur stock

“Section of traders manipulating market” To prevent hoarding of the stocks, the government on Wednesday asked traders and importers to mandatarily disclose stocks of masur (lentils) so that supplies in.

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Economy News

August retail inflation seen at 7%, core print flat

If August 2023 CPI print comes in at 7%, retail inflation will average 7.2% in the first two months of the July-September quarter. By Priyansh Verma India’s retail inflation likely.

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Economy News

Trade pacts with G20 member countries can help India boost exports: CII EXIM panel chairman Sanjay Budhia

India should diversify its export markets within the G20 countries, Budhia, who is also Managing Director of Patton Group, said. Negotiating trade pacts with certain G20 countries and diversifying exports to regions.

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