Economy

Economy News

e-NAM turnover likely to cross Rs 1 trillion in FY24

More mandis on the agri digital platform. With more farmers, traders and FPOS on board the electronic National Agriculture Market (e-NAM), the trade turnover on digital platform launched in 2016.

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Economy News

Remittances to India grew 26% to $112.5 billion in FY23

Remittances to India were $89.1 billion in FY22. India continues to be the top recipient of remittances globally for the last several years. Remittances to the country by non-resident Indians.

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Economy News

TVS Supply Chain IPO fully subscribed on day two of subscription

The Rs 880 crore IPO received bids for 2,58,46,384 shares against 2,51,22,289 shares on offer, translating into 1.03 times subscription, as per NSE data. The Initial Public Offer (IPO) of.

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Economy News

Sebi amends rules; enhances disclosure requirements for certain FPIs

The information or documents will be provided in the manner specified by the Securities and Exchange Board of India (Sebi). To ensure greater transparency, Sebi has mandated enhanced disclosures for.

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Economy News

Rupee leans on RBI policy, US inflation for pickup in volatility

The currency was nearly unchanged from 82.8150 on Wednesday and the 10-day realized volatility is now back below 3%. The Indian rupee was little changed on Thursday before the Reserve.

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Economy News

British demands on data related issues, duty concessions on dairy out of India-UK FTA: Sources

In 2022-23, India received USD 1.74 billion in foreign direct investment from the UK as against USD 1 billion in 2021-22. Protecting the interest of domestic players, India has kept.

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Economy News

RBI may continue to hold rate amid concern over inflation: Experts

The RBI Governor-headed six-member Monetary Policy Committee’s (MPC) meeting is scheduled on August 8-10. The policy decision will be announced on August 10 by Governor Shaktikanta Das. The Reserve Bank is likely.

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Economy News

Centre sets capital expenditure target of Rs 6 trillion for first half

Big spending push ahead of state elections. The Centre has set a target to undertake budgetary capital expenditure of Rs 6 trillion or 60% of the Budget Estimate for FY24.

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Economy News

India’s forex kitty drops $1.98 billion to $607.03 billion

The overall reserves had increased by USD 12.743 billion in the second biggest rise in seven days in recent times to USD 609.022 billion in the previous reporting week. India’s forex.

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Economy News

State governments raise Q1 capital expenditure, up 81% on year

Excluding the interest-free capex loans of about Rs 20,000 crore released by the Centre to these states in the April-June 2023, their capex growth in the period came in at.

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