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Updated: 9 min 58 sec ago

Fed's balancing act could see rate cut in play even with sticky inflation

1 hour 31 min ago
Others see a slowing economy and weakening job growth on the horizon, pushing the Fed to cut in order to support the labor market

Centre orders mandatory declaration of wheat stock position from April 1

5 hours 40 min ago
The Union government said that the move is in a bid to manage the overall food situation and prevent hoarding and unscrupulous speculation

India keen on trade deals with UK, Oman in PM Modi's probable next term

6 hours 2 min ago
Modi has asked Indian ministries to set annual goals for the next five years that will fit into a 100-day action plan as he chalks out a strategy to fuel further growth in Asia's third-largest economy

Young Indians more likely to be jobless if they are educated: ILO data

Thu, 03/28/2024 - 21:53
The unemployment rate for young people with secondary or higher education was six times higher at 18.4 per cent

Cash-strapped Pakistan needs to get India onboard on trade matters

Thu, 03/28/2024 - 21:41
The problem is that Pakistan needs India far more than India needs Pakistan. The Indian economy is stable and India remains deeply reluctant to open its markets to other developing countries

Business Standard Manthan: Centre-state relations emerge as talking point

Thu, 03/28/2024 - 14:40
Ahluwalia suggested that a portion of central taxes be set aside for this transfer and the remaining be shared between the Centre and the states

BS Manthan: Unorganised sector prone to climate risk, say experts

Thu, 03/28/2024 - 14:27
Experts say states that announced green policies have led the investment pack

Amitabh Kant's growth call: 10K big companies, 10 champion states

Thu, 03/28/2024 - 14:19
The government must take the lead in ensuring Life Insurance Corporation of India invests in startups, says Amitabh Kant

BS Manthan: Can't have one-size-fits-all trade policy, says Piyush Goyal

Thu, 03/28/2024 - 14:06
Speaking about free-trade agreements (FTAs), he said India was in dialogue with the European Union (EU), the United Kingdom (UK), Peru, Chile, and some countries in the Gulf Cooperation Council (GCC)

BS Manthan: 'India should chart own path to shed West's China-plus tag'

Thu, 03/28/2024 - 14:05
Say foreign companies only shifting incremental investments from China, not uprooting themselves.

Core sector growth bounces back to a three-month high in February

Thu, 03/28/2024 - 12:20
The eight core industries account for 40.27 per cent of weighting of items included in the Index of Industrial Production (IIP). Thus, they have a significant impact on the index

States, Union Territories plans to borrow up to Rs 2.5 trn in Q1FY25

Thu, 03/28/2024 - 12:05
In the first quarter of the financial year 2023-2024, states had borrowed 84 per cent of the notified amount of Rs 1.9 trillion

Govt's gross liabilities rise to Rs 160.69 trillion at Dec-end: FinMin

Thu, 03/28/2024 - 11:36
Total gross liabilities of the government increased marginally to Rs 160.69 lakh crore at the end of December 2023 from Rs 157.84 lakh crore at September-end, the finance ministry said on Thursday. This represented a quarter-on-quarter increase of 1.8 per cent in the September quarter of 2023-24, said the public debt management quarterly report (October-December 2024). Public debt accounted for 90 per cent of total gross liabilities during the third quarter of the current fiscal year. "During the quarter, the yield on Indian domestic bond initially rose but softened thereafter on account of decline in crude oil prices, lower than expected domestic CPI prints for October and November and news about possible inclusion of Indian Government Bonds (IGBs) in a major global emerging market index," the report said. Further, an ultra-long 50-year G-sec was introduced to cater to the demand from long-term investors. On the other hand, US treasury yields remained volatile during the quarter .

Must decentralise power from states to local authorities: Ahluwalia

Thu, 03/28/2024 - 11:34
At Business Standard Manthan, Arvind Subramanian said that to reduce the gap, there needs to be a renegotiation of social contracts in agriculture and fiscal federalism

India's Apr-Feb fiscal deficit at Rs 15.01 trn, hits 86.5% of FY24 target

Thu, 03/28/2024 - 11:27
The Centre's fiscal deficit is estimated at Rs 17.34 trillion for FY24

India set for strong economic rebound seen in 2000s: RBI Dy Guv Patra

Thu, 03/28/2024 - 10:45
India's recent economic performance has exceeded expectations, leading to upward revisions in growth forecasts by institutions such as the International Monetary Fund (IMF)

Banks set to make trading gains as bond yields soften by 14 bps in Q4 FY24

Thu, 03/28/2024 - 10:18
Market participants said that the yields fell in FY24 on the back of foreign inflows and favourable demand-supply dynamics over the year

Fiscal deficit at Feb-end touches 86.5% of full-year target: Govt data

Thu, 03/28/2024 - 07:00
The government's fiscal deficit at Rs 15 lakh crore touched 86.5 per cent of the revised annual target at the end of February, according to official data released on Thursday. In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 82.8 per cent of Revised Estimates (RE) of the Union Budget 2022-23. For 2023-24, the government's fiscal deficit is estimated at Rs 17.35 lakh crore or 5.8 per cent of the GDP. The government's total receipts stood at Rs 22.45 lakh crore (81.5 per cent of corresponding RE 2023-24 of total receipts) as of February 2024, according to the data released by Controller General of Accounts (CGA). The total expenditure incurred by the Centre was Rs 37.47 lakh crore (83.4 per cent of corresponding RE 2023-24).

Indian economy can grow at 8% till 2047, reforms are key: IMF's Subramanian

Thu, 03/28/2024 - 04:20
Indian economy can grow at 8 per cent till 2047, if the country can redouble the good policies that it has implemented over the last 10 years and accelerate reforms, India's executive director at International Monetary Fund (IMF) Krishnamurthy Venkata Subramanian said on Thursday. Subramanian further said that clearly 8 per cent growth target is ambitious, because India has not grown consistently at 8 per cent before, but it is achievable. "So, the basic idea is that with the kind of growth that India has registered in the last 10 years, if we can redouble the good policies that we have implemented over the last 10 years and accelerate the reforms, then India can grow at 8 per cent from here on till 2047," he said at the Times Now Summit. India's economy grew at better-than-expected 8.4 per cent in the final three months of 2023, logging the fastest pace in the past one-and-a-half years. The growth rate in October-December helped take the estimate for the current fiscal to 7.6 per

BS Manthan: Reforms momentum will continue, says FM Nirmala Sitharaman

Wed, 03/27/2024 - 14:38
From tariffs and Centre-state relations to how she unwinds, Sitharaman covered a vast ground at BS summit; Union Minister Ashwini Vaishnaw spoke on the steps towards India becoming a product nation

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