Economy - general
IMF projects India’s GDP growth at 6.3% in FY24-25
21 Dec 2023
The International Monetary Fund (IMF) has projected India’s real GDP to grow at 6.3 per cent in the current financial year (2023-24) and the next fiscal year (2024-25), supported by macroeconomic and financial stability.
India remains on top with $125 bn inward remittances
20 Dec 2023
India continues to be the largest recipient of overseas remittances, with inward flow of $125 billion in 2023, a 12.3 per cent surge
Net direct tax collections up 20.66% at Rs13,70,388 crore
19 Dec 2023
Net direct tax collections so far during the financial year 2023-24 (as of 17 December 2023) stood at Rs13,70,388 crore
India's wholesale price inflation rises for the first time in FY24; hits 0.26% in November
15 Dec 2023
The annual rate of inflation based on the wholesale price index (WPI – Base 2011-12 = 100) rose to an 8-month high of 0.26 per cent in November 2023, provisional figures released by the commerce ministry showed.
Consumer price inflation at 3-month high of 5.55% in November
14 Dec 2023
Consumer price inflation in India, based on the Consumer Price Index (CPI), rose to 5.55 per cent in November 2023 from 4.87 per cent in October as food prices stood higher, preliminary data released by the National Statistics Office (NSO) showed.
Indian economy to be world's third-largest by 2030: S&P report
08 Dec 2023
India is well on course to become the third-largest economy in the world by 2030, provided the country succeeds in seizing the 'immense opportunity' to become a major global manufacturing hub
The government allocates an additional Rs. 1,500 crore to the FAME-II program
04 Dec 2023
In a decisive move to bolster the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) program, the Centre has sanctioned an additional Rs. 1,500 crore for its second phase.
The Indian rupee strengthened by 11 paise to 83.29 against the US dollar
01 Dec 2023
In the early hours of Friday 1 December, 2023, trading session, the Indian rupee showcased resilience, appreciating by 11 paise to reach 83.29 against the US dollar.
Indian markets make history, surpassing the $4 trillion market cap milestone for the first time
29 Nov 2023
Indian markets soared to new heights on Wednesday, 29 November 2023, as they achieved the historic $4 trillion market cap milestone for the first time.
Consumer price inflation for agricultural and rural workers up at 7.08% and 6.92% in October
20 Nov 2023
Consumer price inflation for agricultural and rural workers, based on the all-India Consumer Price Index Number for Agricultural Labourers (Base: 1986-87=100) increased by 15 points and 14 points
Reports indicate that India is already a $4 trillion economy, but no official word yet
20 Nov 2023
The reports are based on GDP feed for all countries compiled by the International Monetary Fund and the Reserve Bank’s optimism that the domestic economy is in better shape.
High Court strikes down Haryana law on 75% job reservation for locals in private sector
18 Nov 2023
The Punjab and Haryana High Court on Friday quashed the Haryana State Employment of Local Candidates Act, 2020, that provided for 75 per cent reservation of jobs in private sector to persons domiciled in Haryana.
India’s wholesale price inflation higher at (-) 0.52% in October
14 Nov 2023
India’s wholesale price inflation based on the wholesale price index (WPI) for October 2023 stood at (-) 0.52 per cent in October 2023 against (-) 0.26 per cent registered in September 2023
India’s consumer price inflation down at 4.87% in October
14 Nov 2023
The annual rate of inflation based on the consumer price index (CPI) in India declined to 4.87 per cent in October 2023 from 5.02 per cent in September. The CPI inflation rate was at 7.56 per cent in September 2022.
Moody's issues 'negative' outlook for US credit amidst high interest rates
11 Nov 2023
Moody's Investors Service, a leading credit rating agency, revised its outlook on the United States government's debt from "stable" to "negative."
Government plans overhaul of SEZ Act, proposes reduction in tax incentives, and increased integration
09 Nov 2023
The government seems poised to refrain from introducing fresh direct tax incentives for businesses in special economic zones (SEZs).
The National Industry Quarterly report states 8.6% volume growth in the FMCG sector
08 Nov 2023
India's fast-moving consumer goods (FMCG) industry has experienced a significant uptick in growth during the July–September quarter of fiscal year 2024 (Q2 FY24).
India’s industrial production up 5.7% in July
12 Sep 2023
India's industrial production increased by 5.7 per cent in July, according to official data released on Wednesday. This is the fastest rate of growth in industrial production after the 5.8 per cent growth recorded in February 2023.
India's consumer price inflation lower at 6.83% in August
12 Sep 2023
Consumer price inflation in the country, based on the consumer price index, declined to 6.83 per cent in August 2023 from 7.44 per cent in July and 7.00 per cent in August 2022
IMF cuts India's FY24 GDP forecast to 5.9%
17 Apr 2023
Despite a significant drop in growth rate projections from 6.8 per cent in 2022 to 5.9 per cent in 2023, the latest World Economic Outlook figures show that India continues to be the fastest-growing major economy in the world
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In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
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Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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