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Thursday, Apr 04, 2024
Journalism of Courage
RBI starts three-day MPC meet to decide on short term lending rate
April 3, 2024 17:55 IST
The central bank is expected to focus more on inflation control as concerns over economic growth are abating. RBI is also expected to maintain a ‘withdrawal of accommodation’ policy stance as it observes the impact of global headwinds on key economic determinants.
Indirect tax collection for FY24 exceeds RE by ‘handsome’ margin: CBIC chief
April 3, 2024 16:04 IST
Lauding the efforts of tax officials, CBIC chairman Sanjay Kumar Agarwal, in a letter to field officials, said, "I am happy to inform that the indirect tax collections for the Financial Year 2023-24, including Customs and Union Excise Duty have exceeded the Revised Estimates by a handsome margin.”
Manufacturing PMI at 16-year high as new orders jump in Mar
April 3, 2024 05:15 IST
The survey, however, pointed out that there was a mild pick-up in cost pressures during March, with cost pressures at the highest level in five months.
GST collections hit Rs 1.78 lakh crore in March, second highest since roll-out
April 1, 2024 16:33 IST
The average monthly gross collection for FY24 stood at Rs 1.68 lakh crore, exceeding Rs 1.5 lakh crore in the preceding fiscal.
In next 10 years, we need to make India’s economy self-reliant: PM Narendra Modi
April 1, 2024 15:35 IST
Prime Minister Narendra Modi said today India, with its contribution of 15 per cent in global GDP growth, has become the growth engine of the world.
Stable, strong financial system to act as bedrock for economic progress: RBI Governor
April 1, 2024 14:21 IST
Over the years, the Reserve Bank of India (RBI) has emerged as a symbol of stability, resilience and commitment to the welfare of our citizens, he said at an event to mark the 90th anniversary of the RBI.
Domestic consumption demand, Govt capex lent support to India Inc’s credit profile: ICRA
April 1, 2024 13:59 IST
Aviation, hospitality, auto and auto components, and banks were the few sectors in 2023-24 where the rating upgrades were induced mostly by industry tailwinds.
India’s trade reliance on China and EU rising: UN trade body
April 1, 2024 08:03 IST
This comes in the backdrop of major supply chain reset following the pandemic and the Russia-Ukraine war that had sent food and fuel prices to record highs.
GDP growth in FY24 seen at 8% or more on average, says Sitharaman
March 30, 2024 21:59 IST
This is higher than recent data from the National Statistical Office (NSO) which showed that the economy is expected to grow at 7.6% in FY24.
Apr-Feb fiscal deficit at 86.5% of FY24 aim, net tax revenue falls in Feb
March 29, 2024 10:13 IST
Net tax revenue turned negative during February primarily on account of a contraction in corporate tax revenue and due to the impact of transfer of tax devolution instalments to states, economists said.
UK economy entered shallow recession in 2023: Govt data
March 28, 2024 13:38 IST
Gross domestic product shrank by 0.1% in the third quarter and by 0.3% in the fourth quarter, unchanged from preliminary estimates, the Office for National Statistics said on Thursday.
Greatest mistake India can make is to believe hype around its growth: Raghuram Rajan
March 27, 2024 13:40 IST
In an interview with Bloomberg, he added that the country needs to improve its structural problems, including poor education and skills of the workforce, to meet its true potential. The new government sworn in after the 2024 general elections, as per Rajan, must prioritise fixing these pending issues.
India’s employment conditions continue to be poor: Report
March 27, 2024 11:14 IST
Releasing the report, Chief Economic Adviser V Anantha Nageswaran said it is not correct to think that for every social or economic problem, there needs to be a government intervention, adding that industry needs to hire more.
Current account deficit narrows to 1.2% of GDP at $10.5 billion in Oct-Dec: RBI
March 27, 2024 00:38 IST
Current account deficit is the difference between exports and imports of goods and services. It is a key indicator of the country's external sector.
How smart is the Centre’s smart meter plan and why Kerala’s move to opt out underscores some of the scheme’s inadequaciesSubscriber Only
March 26, 2024 18:46 IST
The move by Kerala late last year to opt out of the Centre's scheme comes at a time when this growing frenzy across states to push the smart metering of electricity connections is almost entirely predicated on the assumption that this technology will solve the problems besetting the country's electricity distribution sector
Tariff cut on electric vehicles could lead to surge in imports from China: GTRI
March 26, 2024 07:29 IST
GTRI said that the imports could go up primarily as Chinese EVs are facing anti-subsidy investigations in the large markets such as the European Union and the US.
India should set whatever is the right (energy) course for it to support economic growth: Bryan K GloverSubscriber Only
March 27, 2024 17:26 IST
India should set whatever is the right (energy) course for it to support its economic growth, and at the pace that is achievable. And fossil fuels are important for India.
Selling point for hyperloop is energy efficiency and sustainability at high speeds: CEO of SwisspodSubscriber Only
March 24, 2024 07:46 IST
In an interview with Indian Express, Denis Tudor, the company’s CEO, talked about making hyperloop cheaper and safer, outlined the potential for commercial use, and gave insights on certain technical aspects of the technology.
As global indices move to include Indian bonds, FPIs take shine to debt
March 24, 2024 04:40 IST
FPI invest Rs 55,479 crore in debt since January 2024
India has ‘bright’ outlook for next fiscal: Finance Ministry
March 23, 2024 01:08 IST
The Monthly Economic Review for February also said inclusion of Indian bonds in the Bloomberg bond index from January 2025 should bolster inflows.
RBI takes stock of domestic and global economic situation
March 23, 2024 01:06 IST
In the meeting, which was held in Nagpur under the chairmanship of Governor Shaktikanta Das, the board discussed the challenges posed by geopolitical developments and global financial market volatility, the RBI said in a release.
Japan’s government says it will keep working closely with BOJ to beat deflation
March 22, 2024 15:26 IST
The government also said it will "mobilize all possible policy means to transform the economy into a new growth-oriented economy," according to the monthly report by the Cabinet Office.
UK budget deficit totals 8.4 billion pounds in February
March 21, 2024 12:51 IST
Economists polled by Reuters had expected public sector net borrowing, excluding state-owned banks, of 5.95 billion pounds.
Repetitive food price pressures deter fall in inflation towards 4% target: RBI article
March 20, 2024 00:34 IST
The article has been prepared by RBI Deputy Governor Michael Patra and other central bank officials. The RBI said the views published in the article are of the authors and not of the institution.
China’s economy shows signs of improvement, but property sector still in doldrums
March 18, 2024 11:07 IST
The real estate sector remained sluggish, with investment in real estate falling 9% in January-February compared to the same period a year earlier.
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SportsUpdated: April 5, 2024 05:01 IST
The Chess Candidates Tournament 2024 Round 1 has begun with 16 top players, including five Indian grandmasters, competing for a chance to face world champions Ding Liren and Li Wenjun. The tournament will be a double round robin with 14 games, but former champion Magnus Carlsen will not be participating. Stay tuned for updates.
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