Economy

Economy News

Barclays, Yes Bank raise India inflation forecast as prices jump

Barclays Bank Plc sees the consumer price inflation averaging 5% in the fiscal year that ends March 2024, up from 4.7% earlier. Yes Bank has revised its estimated to 5.3%,.

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Economy News

Piyush Goyal’s UK visit begins amid plan to speed up free trade agreement

The conclusion of negotiations on the trade pact missed the deadline of October last year. After long delays and several missed deadlines, negotiations on the India-UK free trade agreement (FTA).

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Economy News

Over Rs 30,000 crore capex loans released to states so far

The untied funds in FY24 would be released to states in three equal instalments. The Centre’s disbursement of interest-free 50-year capital expenditure loans to states have got a good start.

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Economy News

Russia oil discount to India shrinks to $4, delivery charges remain opaque

Indian refiners ramped up purchases from less than 2 per cent of their entire buys in pre-Ukraine war times to 44 per cent to capture the discounted oil. The steep.

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Economy News

Achievement of e-NAM path breaking in agri-marketing sector with Rs 2.79 lakh crore trade recorded, says Agri Ministry

The Ministry of Agriculture & Farmers Welfare, in a release, said, “e-NAM has come a long way since its launch in April 2016. So far, 1361 mandis of 23 states.

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Economy News

India to have billion-plus Middle Class by 2047: Study

Super Rich population doubled to 1.81 mn in 5 years through 2021. The size of the Indian Middle Class, a major driver of economic growth, will jump from 31% of.

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Economy News

Power minister warns of retaliatory trade barriers in case “certain countries” continue to put up untenable barriers

As an example of untenable trade barrier he cited the condition that for green hydrogen exports, the distance between the point of generation of renewable energy and the location of.

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Economy News

Data Drive: Asset quality of MSME sector improved significantly

The asset quality of the micro, small and medium enterprise (MSME) sector improved significantly as the gross non-performing asset (GNPA) ratio declined to 6.8% in March this year, compared with.

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Economy News

Work in progress: There are many reasons to exult over recent GST gains

Centre and states still have a job at hand. Six years after its launch, the dominant commentary on Goods and Service Tax (GST) is mostly adulatory, thanks to the “big.

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Economy News

Government revises crop residue management guidelines

As per the revised guidelines, techno-commercial pilot projects for paddy straw supply chain will be established under the bilateral agreement between the beneficiary/aggregator and industries utilising the paddy straw, the.

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