Browsing Category
Economy
India’s goods exports surge 24 pc to $38.19 billion in April
New Delhi, May 3: Continuing the growth momentum, India's merchandise export rose 24.22% in April, 2022 to $ 38.19 billion as compared to $ 30.75 billion in the corresponding month last year. Petroleum products, electronic goods and…
RBI revises its ‘real GDP projection’ to 7.2 per cent for FY’23
Mumbai, April 8: The Reserve Bank of India (RBI) on Friday has revised its real GDP projection for FY2022-23 to 7.2 per cent in the backdrop of the escalating geopolitical tensions and augmented supply-side disruptions due to the…
Rupee down 44 paise against US Greenback
Mumbai, April 6: Riding with the current world currency sentiments, Rupee tumbled down 44 paise to close at 75.75 against the greenback on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said. Surging…
Russian Amb to US calls sanctions against Banks blow to commoners
Washington, April 7: Feeling the pinch of US sanctions against Sberbank and Alfa Bank, Russian ambassador called these a direct blow to ordinary Russian citizens, Anatoly Antonov told reporters. “The administration's non-stop sanctions…
A former Banker explains why Sri Lanka’s economy went from boom to bust
Colombo, April 03: While problems have been brewing for years, spillovers from the crisis in Ukraine have sent the island nation over the edge. As an unprecedented economic crisis is unfolding in Sri Lanka. And while the country’s problems…
How is Sensex keeping uptrend, any boosters?
New Delhi, April 01: As Sensex is powering upwards to 59,000 many financial pandits are asking questions, why Indian burses are going up in spite of Russia-Ukraine war and other crises situations prevailing in economy worldwide.
As the…
GST Collection posts new high in March ’22
New Delhi, April 1: On the back of strong rebound in economic activities and anti-evasion drive, goods and services tax (GST) collection reached all-time high to Rs 1.42 lakh crore in March, 2022. The revenues for the month of March…
RBI: India’s macroeconomic fundamentals remain strong
Mumbai, March 17: Even as the ongoing geopolitical crisis has heightened uncertainty, clouding the global macroeconomic and financial landscape, India's macroeconomic fundamentals remain strong, according to a Reserve Bank of India…
Digital Currency: RBI working on phased implementation of CBDC
New Delhi, March 15 (UNI) The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for introduction of Central Bank Digital Currency (CBDC), Minister of State for Finance Pankaj Chaudhary said on…
India’s exports have to contribute $1 trn : Goyal
Mumbai, March 7 (UNI) Union commerce and industry minister Piyush Goyal on Monday said India's exports have to contribute to at least USD one trillion as the country aims to become a USD five trillion economy by 2025.
Minister…
India to achieve export target of $400 bn: SK Reddy
Hyderabad, Feb 23 (UNI) Joint Secretary, Dept of Commerce, Ministry of Commerce & Industry, Government of India Srikar K Reddy on Wednesday said that India expected to achieve its export target of USD 400 billion by end of March 2022.…
FM Sitharaman chairs post-Budget meeting with heads of Banks, NBFCs & Financial Institutions
Mumbai, Feb 22 (UNI) Union Minister for Finance, Nirmala Sitharaman on Tuesday chaired a post-budget meeting with heads of banks, non-banking financial institutions (NBFCs) and financial institutions here. Underscoring the importance of…
Kerala’s poverty 0.71 pc compared to national average of 25.01 pc
Thiruvananthapuram, Feb 11 (UNI) Kerala has the lowest percentage of population living in poverty, 0.71%, compared to the national average of 25.01 percent. According to the NITI Aayog's Multi Dimensional Poverty Index, only 0.71…
US private sector cuts 301,000 jobs
Washington, Feb 3 (UNI) Private companies in the United States slashed 301,000 jobs in January, indicating a disrupted recovery in the labor market amid Omicron surge, Automatic Data Processing (ADP) reported. "The labor market…
PM Modi: Budget 2022 will strengthen economy
Bihar CM Nitish Kumar describes the Union Budget as a Balanced One
FM Nirmala Sitharaman to present her 4th Union Budget today
Mumbai, Jan 31: Amid the uncertainties of the Covid-19 pandemic, Indian startups are pinning hopes on the Union Budget, to be tabled on February 1, for a booster dose in the form of tax incentives, reduction in GST and relaxing…
President talks about economic recovery, govt schemes: DMK, Cong MPs protest over NEET
New Delhi, Jan 31 (UNI) India witnessed exceptionally strong exports of both goods and services so far in 2021-22, while imports also recovered strongly with recovery in domestic demand as well as higher international commodity prices,…
Govt appoints Nageswaran as Chief Economic Advisor days ahead of Budget
New Delhi, Jan 28 (UNI) The government on Friday appointed Indian Institute of Management (IIM), Ahmedabad graduate and Economics professor Dr V. Anantha Nageswaran as the Chief Economic Advisor (CEA). A Finance Ministry statement said…
PM to deliver ‘State of the World’ special address at WEF’s Davos
New Delhi, Jan 16 : Prime Minister Narendra Modi will deliver 'State of the World' special address at the World Economic Forum’s Davos Agenda on January 17, via video-conferencing.
The virtual event will be held from January 17 to 21. It…
Bangladesh GDP to grow at 6.4 pc in FY-22
Dhaka, Jan 12 (UNI) The Bangladesh GDP will grow at 6.4 per cent in the FY 2021-22 ending June 2022, due to increasing services activity and firming exports of readymade garment, says the World Bank.
GDP growth rate is forecast to go up to…
