Economy News

Rupee Rises 11 Paise To 83.42 Against US Dollar In Early Trade

Rupee Rises 11 Paise To 83.42 Against US Dollar In Early Trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 104.19.

Apr 04, 2024, 11:49 AM IST
World Bank Raises India's GDP Growth Forecast To 7.5% For 2023-24

World Bank Raises India's GDP Growth Forecast To 7.5% For 2023-24

The World Bank has raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia.

Apr 03, 2024, 10:07 AM IST
SBI Forecasts 15% Growth In Deposits For FY25; Expects RBI Rate Cut Only In Q3FY25

SBI Forecasts 15% Growth In Deposits For FY25; Expects RBI Rate Cut Only In Q3FY25

RBI's Monetary Policy Committee (MPC) meeting is scheduled from April 3-April 5.

Apr 02, 2024, 12:17 PM IST
97.69 Pc Of Rs 2000 Currency Notes Returned: RBI

97.69 Pc Of Rs 2000 Currency Notes Returned: RBI

Public and private entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30, 2023. 

Apr 01, 2024, 20:10 PM IST
GST Collections Creates Another Record With Rs 1.78 Lakh Crore-Mark In March

GST Collections Creates Another Record With Rs 1.78 Lakh Crore-Mark In March

The Ministry of Finance stated that the increase in GST collection in March 2024 was mainly due to a notable rise in GST collected from transactions within the country

Apr 01, 2024, 18:49 PM IST
PM Lauds RBI, Says India Must Become Financially 'Atmanirbhar' In 10 Years

PM Lauds RBI, Says India Must Become Financially 'Atmanirbhar' In 10 Years

PM Modi said that the country's economy has risen in the last few years from the inherited mess of 2014 when the BJP government took office and is now poised for take-off.

Apr 01, 2024, 14:23 PM IST
Reserve Bank Mulls Digital India Trust Agency To Combat Cyber Fraud

Reserve Bank Mulls Digital India Trust Agency To Combat Cyber Fraud

The introduction of DIGITA is expected to enhance transparency and accountability within the digital lending sector.

Mar 31, 2024, 15:09 PM IST
India's Forex Reserves Rise By USD 140 Million To Hit Fresh Peak Of USD 642.63 Billion

India's Forex Reserves Rise By USD 140 Million To Hit Fresh Peak Of USD 642.63 Billion

Gold reserves increased by USD 347 million to USD 51.487 billion during the week, the RBI said.

Mar 30, 2024, 15:52 PM IST
‘Resilience of Indian stock market forced foreign portfolio investors to turn buyers’

‘Resilience of Indian stock market forced foreign portfolio investors to turn buyers’

FPIs were big buyers in capital goods, automobiles, financials, telecom and real estate. 

Mar 30, 2024, 15:38 PM IST
India’s Foreign Exchange Kitty Rises For 5th Week In A Row

India’s Foreign Exchange Kitty Rises For 5th Week In A Row

In the preceding week that ended on March 15, the forex reserves had increased by a more robust $6.4 billion to scale a record high of $642.49 billion.

Mar 29, 2024, 20:19 PM IST
Centre Issues Order On Wheat Stock Declaration By Traders To Keep Prices In Check

Centre Issues Order On Wheat Stock Declaration By Traders To Keep Prices In Check

The order states that the Wheat Stock Limit is expiring on March 31 for all categories of entities in states and UTs.

Mar 29, 2024, 13:04 PM IST
Agency Banks To Open This Sunday: Check What It Is, How They Operate & Full List

Agency Banks To Open This Sunday: Check What It Is, How They Operate & Full List

The banking regulatory authority has directed all agency banks to keep their designated branches open for over-the-counter transactions related to government operations. 

Mar 29, 2024, 12:48 PM IST
Indian Economy Can Grow At 8% Till 2047, Says Subramanian

Indian Economy Can Grow At 8% Till 2047, Says Subramanian

The growth rate in October-December helped take the estimate for the current fiscal to 7.6 percent.

Mar 28, 2024, 18:06 PM IST
Fiscal Deficit At Feb-End Touches 86.5% Of Full-Year Target: Govt Data

Fiscal Deficit At Feb-End Touches 86.5% Of Full-Year Target: Govt Data

The total expenditure incurred by the Centre was Rs 37.47 lakh crore.

Mar 28, 2024, 17:02 PM IST
Good News For MGNREGA Employees! Centre Announces Pay Hike: Check State-Wise Wages Here

Good News For MGNREGA Employees! Centre Announces Pay Hike: Check State-Wise Wages Here

The employees of Haryana receive the highest wage rate of Rs 374 per day.

Mar 28, 2024, 15:00 PM IST
Rupee Turns Flat At 83.33 Against US Dollar In Early Trade

Rupee Turns Flat At 83.33 Against US Dollar In Early Trade

Brent crude futures, the global oil benchmark, rose 0.53 per cent to USD 86.56 per barrel.

Mar 28, 2024, 09:58 AM IST
RBI Announces Schedule For Monetary Policy Committee Meetings

RBI Announces Schedule For Monetary Policy Committee Meetings

During these meetings, the six-member panel, which includes the governor, votes on a resolution typically on the third day.

Mar 27, 2024, 19:20 PM IST
Govt Directs NCCF, NAFED To Start Buying 5 Lakh Tonnes Of Onion Directly From Farmers

Govt Directs NCCF, NAFED To Start Buying 5 Lakh Tonnes Of Onion Directly From Farmers

Government procurement agencies NAFED and NCCF have been told to pre-register the onion farmers to ensure that payments for the produce are transferred to their bank accounts through Direct Benefit

Mar 27, 2024, 08:33 AM IST
India's CAD Dips To $10.5 Billion In October-December: RBI

India's CAD Dips To $10.5 Billion In October-December: RBI

The merchandise trade deficit at USD 71.6 billion was marginally higher than USD 71.3 billion during the third quarter of 2022-23.

Mar 26, 2024, 20:20 PM IST
S&P Global Ups India’s Growth Forecast For 2024-25

S&P Global Ups India’s Growth Forecast For 2024-25

In November, last year, S&P Global had projected India's growth to be 6.4 per cent in 2024-25 fiscal on robust domestic momentum.

Mar 26, 2024, 12:41 PM IST