New Delhi: The GDP slowdown in the September quarter was not “systemic” and the economic activity in the third quarter, with better public expenditure, is likely to compensate for the moderation, Finance Minister Nirmala Sitharaman said on Friday. India recorded a 7-quarter low GDP growth of 5.4 percent in July-September FY25. In the first quarter,…
Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 percent for the current fiscal, as against an earlier projection of 7.2 percent. The Reserve Bank of India (RBI) maintained the status quo on…
Washington: Of the belief that India is headed to be a USD 55 trillion economy by 2047, India’s Executive Director at the IMF Dr K V Subramanian on Thursday said India’s growth offers phenomenal opportunities to American investors. Subramanian said this during the launch of his latest book “India@100: Envisioning Tomorrow’s Economic Powerhouse”. “The opportunities…
New Delhi India slammed developed countries for causing the climate crisis during a landmark hearing at the International Court of Justice (ICJ) on Thursday, saying they exploited the global carbon budget, failed to honour climate-finance promises and are now demanding that developing countries restrict their resource use. The court is examining what legal obligations countries…
Washington: The World Bank has approved a USD 188.28-million loan to stimulate economic growth in the Indian state of Maharashtra, especially in the lagging districts, a media release said. The USD188.28 million Maharashtra Strengthening Institutional Capabilities in districts for enabling growth operation will support district planning and growth strategies, the bank said in a statement….
New Delhi: The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. Another proposed change relates to redefining ‘substantial interest’ for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh, which…
Panaji: If you are a whisky lover, you would have experienced the magic of Scotch, known for its deep flavours, rich history and craftsmanship. Scotch has been one of the most sought-after spirits globally. In India, imported Scotch whisky is a luxury and a celebration. Whether it’s a special occasion, a gift or just an…
Mumbai: Extending the winning run to the third straight day, benchmark Sensex jumped 597 points on Tuesday on buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets. The 30-share index jumped 597.67 points or 0.74 per cent to settle at 80,845.75. During the day, it surged 701.02 points or…
New Delhi: India remains committed to engaging with China to arrive at a fair and mutually acceptable framework for boundary settlement, External Affairs Minister S Jaishankar said on Tuesday, noting that India-China relations cannot be normal in the absence of a clearly articulated approach. Making a statement in the Lok Sabha, the minister said India-China…
New Delhi: There is a need to place “national security filters” for economic decisions, including those relating to investment, External Affairs Minister S Jaishankar said on Monday, in remarks that came amid increasing global concerns over China’s aggressive trade practices. “Like it or not, we are increasingly in an era of leveraging, if not of…
