Economy

Economy News

G-20 agrees to action plan on boosting global trade

The Outcome Document and Chair Summary that was issued at the end of the two-day meeting was agreed to by all the participants. The G-20 trade and investment ministers on.

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Economy News

FDI equity inflows dip 34 per cent to USD 10.94 billion in April-June 2023

Inflows dipped in segments including computer hardware and software, trading, automobile and pharma. Foreign direct investment (FDI) into India declined 34 per cent to USD 10.94 billion during April-June period.

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Economy News

India, US discuss ways to promote trade, investments

Besides they are also looking at enhancing the partnership by permitting companies in both countries to participate in each others’ government procurement. Commerce and Industry Minister Piyush Goyal and US.

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Central banks should be cognizant of growth: FM Nirmala Sitharaman

Sitharaman says Q1 GDP growth would be ‘good’ Central banks need to be cognizant of growth and growth-related priorities even while equally looking at curbing inflation, finance minister Nirmala Sitharaman.

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India’s forex reserves register steepest weekly fall in 6 months

This is the sharpest weekly fall in forex reserves in the last 6 months and on an outstanding basis, the forex reserves were are at the lowest level in the.

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India’s food price surge forces government measures to improve supplies

Food subsidies are estimated to cost the government 1.97 trillion Indian rupees($23.83 billion) in 2023/24 and an expansion of the free food scheme could raise the bill. A broad rise.

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Economy News

India economic growth likely picked up pace in April-June

“Economic activity in Q1 FY-2024 was boosted by a continued catch-up in services demand and improved investment activity, particularly a welcome front-loading in government capital expenditure,” noted Aditi Nayar, chief.

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Moody’s rating report on India cavalier: Official

“Disappointed with the agency’s reasoning” Launching a scathing attack on Moody’s Investors Service, which recently affirmed India’s sovereign credit rating at Baa3 but flagged high debt levels and “political tensions,”.

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Economy News

Australia economy to slow, govt spending to rise as population ages: Report

Chalmers emphasised the Labor government’s immediate focus was on easing the country’s cost of living crisis without adding to inflation, citing relief for household power bills. Australia faces decades of.

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Economy News

Public procurement from GeM portal crosses Rs 1 lakh crore so far this fiscal

The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. Procurement of goods and.

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