Economy

Economy News

World Bank approves $1.5 billion financing for India’s low carbon energy sector

The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments, the bank said in a statement..

Read More
Economy News

May take over a year to bring inflation down to 4%, says Jayanth Varma

However, Varma feels that a faster glidepath will come at the cost of growth. The Reserve Bank of India (RBI) may take more than a year to bring inflation down to the 4% target, says monetary policy committee’s external member Jayanth Varma. However, Varma feels that a faster glidepath.

Read More
Economy News

UK economy makes weak start to 2023 as inflation weighs

Friday’s figures showed no change to the Office for National Statistics’ (ONS) initial estimate of 0.1% quarterly gross domestic product (GDP) growth for the first three months of 2023, leaving.

Read More
Economy News

Increasing economic ties between India, US to help boost exports, say exporters

The economic ties have received a push from Prime Minister Narendra Modi’s recent visit to the US, Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said in a statement. Increasing.

Read More
Economy News

Two official teams from India, EU to discuss carbon tax issues

The European Union (EU) is introducing the Carbon Border Adjustment Mechanism (CBAM) from October 1 this year. India and the European Union have constituted two teams to discuss issues pertaining to.

Read More
Economy News

Energy shift: India only major economy moving ahead in all aspects

Country still ranked 67 in the transition index India the only major economy that is “making advances on all aspects of energy transition,” the World Economic Forum (WEF) said in a report,.

Read More
Economy News

Centre clears Rs 56,415 cr to16 states for capital investment under special assistance scheme

In order to boost capital spending by states, the ‘Special Assistance to States for Capital Investment 2023-24’ scheme was announced in the Union Budget 2023-24. The Ministry of Finance has.

Read More
Economy News

RBI may cut rates in early 2024 as inflation eases: S&P Global Ratings

“In India, under the assumption of normal monsoons, we expect headline consumer inflation to soften to 5% in fiscal 2024 from 6.7%,” the rating agency said in a report dated.

Read More
Economy News

Russia crisis forces rethink of oil market’s balance of risks

Oil fluctuated on Monday when investors got their first opportunity to price in the weekend’s events, which US and European officials privately described as an unprecedented challenge to President Vladimir.

Read More
Economy News

Inflation slowing down personal consumption, affecting pvt investment: RBI paper

The article said global economic activity has sustained its growth momentum in the second quarter of 2023, albeit with two diverging roads. Inflation is slowing down personal consumption expenditure, which.

Read More