The liquidity drought may be deliberate. Unlike Beijing, New Delhi has every reason to be sanguine about growth

The first MPC formulated policies between October 2016 and August 2020. The second MPC, with three new external members, was established in October 2020

Geopolitics may weigh on 'remarkable' export show

The review has noted the importance of having the right balance between development and emissions mitigation

Review report flags elevated risk of geopolitical conflicts only area of concern

The report pointed out that the female labour force participation rate (FLFPR) has been rising for at least six years now, to 37 per cent in 2022-23 from 23.3 per cent in 2017-18

Forty-one percent of the Indian population still uses wood, cow dung or other biomass as cooking fuel and cumulatively emits around 340 million tonnes of carbon dioxide into the environment every year, which is about 13 per cent of India's greenhouse gas emissions, according to a new report. The report "India's Transition to E-cooking" by the independent think tank Centre for Science and Environment also said that the Pradhan Mantri Ujjwala Yojana led to a rapid expansion in access to liquified petroleum gas (LPG) in India, but it has "not guaranteed a sustained transition to clean cooking in households" that benefited from the scheme. Around a third of the world's population 2.4 billion people globally (including 500 million people in India) still lack access to clean cooking solutions. This causes untold damage to the economy, public health and the environment. Approximately three million people globally (including 0.6 million people in India) die prematurely every year because

In the preceding VRR auctions, the central bank received a significant response, with banks submitting bids ranging between 2.5 to 3.2 times the bidding amounts due to tight liquidity conditions

India's gold imports, which have a bearing on the country's current account deficit (CAD), increased 26.7 per cent to USD 35.95 billion during the April-December of this fiscal due to healthy demand, according to government data. The imports stood at USD 28.4 billion during the same period a year ago. In December 2023, imports of the precious metal jumped by 156.5 per cent to USD 3 billion, as per the data released by the commerce ministry. Despite the increase in gold imports, the country's trade deficit (difference between imports and exports) narrowed to USD 188.02 billion in the first three-quarters of this fiscal against USD 212.34 billion in April-December 2022. India is the world's second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry. The gems and jewellery exports during the period dipped by 16.16 per cent to USD 24.3 billion. India's current account deficit declined sharply to 1 per cent of the GDP or USD 8.3 bill

The court held that anti profiteering provisions pertain to commensurate reduction of prices when gst rates are reduced or due to input tax credit and hence these provisions are in public interest

India is expected to become the third-largest economy in the world with a GDP of USD 5 trillion in the next three years and touch USD 7 trillion by 2030 on the back of continued reforms, the finance ministry said on Monday. Ten years ago, India was the 10th largest economy in the world, with a GDP of USD 1.9 trillion at current market prices. Today, it is the 5th largest with a GDP of USD 3.7 trillion (estimate FY24), despite the pandemic and despite inheriting an economy with macro imbalances and a broken financial sector, said the ministry's January 2024 review of the economy. "This ten-year journey is marked by several reforms, both substantive and incremental, which have significantly contributed to the country's economic progress," it said. These reforms, it added, have also delivered an economic resilience that the country will need to deal with unanticipated global shocks in the future. The ministry said that in the next three years, India is expected to become the ...

Finance Minister Nirmala Sitharaman will present the budget on Feb. 1, factoring in the growth projections

State must focus on industries and urbanisation to meet potential, it says

When the Supreme Court had paved the way for construction of Ram temple at the disputed site in Ayodhya in its historic verdict in 2019, Dileep Pandey worked as a tailor in a cloth firm in Delhi. A native of Ayodhya, Pandey returned to his home when the first wave of Covid-19 struck in 2020. Sensing an opportunity in Ayodhya itself, he has decided never to return to Delhi. Pandey currently operates a small tour and transport firm facilitating people's visit to Ayodhya from different parts of the country. With the inauguration of the newly-constructed Ram temple on January 22, Pandey (28), now aims at expanding the business in view of the swelling number of devotees visiting Ayodhya. "I currently have three mid-size vans that visitors can hire to travel around Ayodhya. With the rise in the number of devotees, I plan to take a loan to buy two SUVs for them," said Pandey. Though keen in studies, he dropped out from the first year of a college in Ayodhya in order to start a job. "Ayod

The growth rate of the combined revenue receipts of the 16 largest states has fallen by almost 80 per cent to 5 per cent during April-November from the budgeted 17.4 per cent for the current fiscal, according to a report. The states have so far borrowed over 37 per cent more than they did last fiscal and given these poor numbers, they will have to borrow heavily this fiscal to service their debt and pay salaries and pensions. The plunge is due to a contraction in sales tax and lower-than-budgeted growth of state goods and services tax collections (SGST), excise duty and stamps and registrations during the period, restricting the growth of states own tax revenue (SOTR) to 11 per cent. Another reason for the poor numbers is the steep decline in Central grants, Icra Ratings said in a report. The agency, though, expects an upside in tax devolution in the fourth quarter, its quantum may not be adequate to fully offset the shortfall in grants. Moreover, even if a sizeable portion of the

In developing countries, it focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty

Finance Minister Nirmala Sitharaman on Saturday said the initiatives of Customs department like Faceless Assessment and Single Window Clearance need to evolve with the overall objective of growth of trade as every partner needs to collaborate to help India's GDP surpass USD 5 trillion by 2027-28. In a written message on the occasion of 'International Customs Day 2024', Sitharaman said with a common purpose of ease of doing business for nation building during India's 'Amrit Kaal', all the stakeholders need to come together and contribute for benefits to citizen of India. She said this year's theme of International Customs Day which is "Customs Engaging Traditional and New Partners with Purpose" resonates with the Motto of 'Sabka Saath Sabka Vikas' given by Prime Minister Narendra Modi. "Every partner needs to collaborate to put India on course to becoming the third-largest economy by 2027-28, with a GDP surpassing USD 5 trillion," Sitharaman said. Many initiatives taken by Customs s

Both benchmarks made weekly gains of more than 6%, marking their biggest weekly increase since the week ending Oct. 13 after the start of the Israel-Hamas conflict in Gaza

Brent crude futures were up 53 cents, or 0.7%, at $82.93 a barrel by 1:48 p.m. ET (1848 GMT), and touched $83.57, their highest price since November

The share of Delhi-NCR in the total demand across five cities came down to 20 per cent from 36 per cent in the 2022 calendar year