Economy

Economy News

Goldman Sachs upgrades oil demand outlook as market tempers growth pessimism

Goldman analysts estimate global oil demand climbed to an all-time high of 102.8 million barrels per day (bpd) in July and see solid demand driving a larger-than-expected 1.8 million bpd.

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Economy News

Focus on infra, investment, innovation, inclusiveness to make India developed nation by 2047: Nirmala Sitharaman

Sitharaman said several investor-friendly reforms undertaken by the government and the best use of the young demographic profile would accelerate the growth rate. Finance minister Nirmala Sitharaman on Saturday said.

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Economy News

How can India’s Fifth to Third largest economy journey matter for the man on the street?

Two key factors are in India’s favour at the moment. India is in a sweet spot with many global giants eager to exercise the China plus one strategy and look.

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Economy News

USD 5 trillion annual funding needed for global SDGs, energy transition: Amitabh Kant

The International Energy Agency has estimated the need for $4.5 trillion annually for energy transition by 2030. Advanced and emerging market economies would require $5-6 trillion annually to achieve sustainable.

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Economy News

PM Modi transfers Rs 17,000 crore to 85 mn farmers under PM Kisan

Since 2019, Rs 2.59 trillion provided to farmers. Prime Minister Narendra Modi on Thursday transferred the 14th instalments under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme worth Rs 17,000.

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Economy News

FM Nirmala Sitharaman pitches for regulatory impact assessments to enhance accountability in policymaking

She said having such a facility can help enhance the transparency and accountability in the policymaking process. Union finance minister Nirmala Sitharaman on Friday pitched for a “regulatory impact assessment” to study.

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Economy News

Surging India prices may keep RBI on extended pause, IMA Says

The monetary authority is expected to hold rates for a third straight meeting when its meets Aug. 10, according to a Bloomberg survey. India’s headline inflation may inch back above.

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Economy News

Next GST Council meet likely to be held virtually on August 2

The GST Council meeting is likely to be held virtually on August 2 and the agenda is expected to include a final decision on the proposed 28 per cent GST.

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Economy News

General govt debt moderates to 80.9% in FY23

Sharp, post-pandemic fiscal correction yields results India’s general government debt moderated to 80.9% of the Gross Domestic Product (GDP) in 2022-23 from 83.3% in 2021-22, minister of state for finance Pankaj Chaudhary.

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Economy News

PM Modi to release Rs 17,000 crore to 8.5 crore PM-KISAN beneficiaries on Thursday

These PMKSKs will provide agri-inputs, testing facilities for soil, seeds, and fertilisers to farmers. Prime Minister Narendra Modi on Thursday will release around Rs 17,000 crore as the 14th instalment to about.

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