Economy

Economy News

RBI MPC Meet Day 2: Economists expect status quo on rate; inflation outlook crucial

MPC is expected to hold policy rates for a foreseeable future going ahead with a likelihood of starting rate easing cycle in the last quarter of current calendar year. With.

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Economy News

Special status to Bihar, Andhra may add to fiscal burden: Analysts

With a weaker mandate, some say that the BJP-led NDA coalition government might introduce populist measures in the full Budget to regain political momentum, which may potentially reverse fiscal consolidation.

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Economy News

China pips US to be India’s largest trade partner in FY24

Goods imports from neighbour crosses $100-billion. While China emerged as India’s largest goods trading partner, outdoing the US by a modest $ 116 million in the last financial year, it.

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Govt eyes extra $50-billion foreign flows annually

Global financial hubs being approached. With a sharp 62% decline in net foreign direct investment (FDI) to India in FY24 and a looming crisis in finding non-Budget funds to finance.

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India economy likely grew at weakest pace in a year in January-March: Report

The country’s gross domestic product (GDP) unexpectedly grew by 8.4% in October-December compared to a year earlier, thanks to a sharp drop in subsidies which provided an artificial boost to.

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Import duty on wheat may be cut

Govt wary of depleting stocks The government may reduce import duty on wheat after six years to boost domestic supplies so that it would not have to dip into the.

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Capex spending of oil & gas PSUs at Rs 6,669 cr in April

The company’s capital expenditure target for FY25 is lower than Rs 37,000 crore it spent in FY24. Indian oil and gas public sector companies have spent over Rs 6,669 crore.

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S&P upgrades India’s rating outlook to positive from stable, on robust growth, improved govt spending

“The positive outlook reflects our view that continued policy stability, deepening economic reforms, and high infrastructure investment will sustain long-term growth prospects,” S&P said. Rating firm S&P Global Ratings on.

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India logs robust business activity growth in May

Services firms recorded a sharp increase in business activity, the steepest in four months, while factory production rose at the slowest pace since February, said S&P Global. Propelled by a.

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Govt may resume open market sale of wheat next month

Having addressed the tight wheat stock situation with higher-than-usual procurement, the government is keeping its fingers crossed and has decided to take a call on whether to resume open market.

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