Economy

Economy News

RBI to issue guidance to banks on risks from climate issues: Deputy governor Rajeshwar Rao

This would help these entities innovate, make strategic decisions, mobilise capital and build effective transition plans for achieving sustainability targets, he said. The Reserve Bank of India will soon issue guidance to.

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Economy News

IMF projects Indian economy to grow at 6.1 per cent in 2023

This is reflective of the “momentum” from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment, the International Monetary Fund (IMF) said. The IMF.

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Economy News

GST invoice frauds worth Rs 1.15 trillion detected in last five years

These detections involve 26,254 cases with maximum number of frauds detected in Maharashtra, i.e., 5,021 cases involving Rs 30,013 crore during the five years. The Central Goods and Services Tax.

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Economy News

India to face apple crunch as heavy rain hits production

The mountainous Kashmir territory and Himachal Pradesh produce nearly all of India’s apples, which are largely consumed domestically. Less than 2% of the country’s apples are exported, mostly to Bangladesh.

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Economy News

India’s engineering exports see mixed fortunes in June; trade with Russia surges: EEPC

India’s engineering exports declined for the third straight month in June 2023, falling 11 per cent year-on-year to USD 8.53 billion. India’s engineering exports to major markets like the United.

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Economy News

Sowing deficit turns into mild surplus, paddy up 2.7% on year

Only pulses area below last-year level. Monsoon rains in the last two weeks have bridged the deficit in sowing of kharif crops that persisted since the early-June start of the.

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Economy News

Water levels in southern reservoirs down 45%

A year ago, the water available in these reservoirs was 92.65 bcm, and the average of the last 10 years was 64.79 bcm. Water levels in India’s key reservoirs were.

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Economy News

Taking the US-India partnership toward a greener future

India’s ambition for a $10 trillion economy hinges on energy security. By Rajesh Mehta and Vijay Shekhawat For a rapidly growing economy like India, energy security is one of the.

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Economy News

WEF says India’s agriculture sector can scale new highs with AI, other emerging technologies

Releasing the phase-1 report of the ‘Saagu Baagu’ (‘agriculture advancement’ in the Telugu language) being implemented by the Telangana government in collaboration with it, the WEF said its AI for.

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Economy News

India, Germany to strengthen bilateral ties, increase investments: German Vice Chancellor

Talking to reporters on the sidelines of the Indo-German Business Forum here, Habeck also said China is Germany’s biggest trading partner and a lot of German and European companies have.

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