New Delhi: The world has plunged into a “grave crisis” and is passing through “dangerous” times, veteran BJP leader Murli Manohar Joshi said on Thursday and exhorted people to take recourse to Indian philosophy for peace and prosperity. Joshi also expressed concern over the ongoing Israel-Hamas conflict and the Russia-Ukraine war, saying given the emerging…
New Delhi: Government think tank NITI Aayog has initiated a study to develop a comprehensive action plan to bridge India’s trade deficit with China over time and align trading strategies with emerging geopolitical situation and potential risks to safeguard supply chains. The Aayog has invited bids from consultants to lead the two studies in areas of…
New Delhi: An SBI research report has praised the Modi government’s micro-credit scheme for street vendors for ensuring “inclusive entrepreneurship” and said nearly 75 percent of its beneficiaries come from the non-general category with the OBCs accounting for 44 percent. The Scheduled Castes and Scheduled Tribes account for 22 percent of the total disbursement of…
New Delhi: India, the world’s fifth largest economy in the world, is likely to overtake Japan to become the world’s third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. After two years of rapid economic growth in 2021 and 2022, the Indian economy…
New Delhi: Investors’ wealth eroded by Rs 7.59 lakh crore on Monday as the equity market took a heavy drubbing amid escalating tensions in the Middle East. The 30-share BSE Sensex plunged 825.74 points or 1.26 per cent to settle at 64,571.88 points. During the day, the index plummeted 894.94 points or 1.36 per cent to…
New Delhi: India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals and benign inflation expectations, a finance ministry report said on Monday. The September edition of the Monthly Economic Review also flagged that global uncertainties have been compounded by recent developments in the Persian Gulf…
New Delhi: Science and Technology Minister Jitendra Singh on Saturday said the successful test flight of the abort mission of the Gaganyaan project has set the stage for the remaining qualification tests and unmanned missions, which would lead to India’s first human spaceflight. “Well begun is half done,” said Singh, who is also the Minister…
New Delhi: Finance Minister Nirmala Sitharaman on Friday said businesses will have to factor in the impact of global terror in making investment decisions. Addressing the Kautilya Economic Conclave 2023, she said terrorism is impacting the entire globe and no region is spared. With that level of risk or uncertainty coming into business decision-making, investments…
New Delhi: Reserve Bank Governor Shaktikanta Das on Friday said interest rate will remain high at the moment, and only time will tell for how long it remains at elevated level. In the wake of the ongoing geopolitical crisis, major central banks across the world have raised their key policy rates to deal with high…
Mumbai: A moderation in retail inflation in September from its peak in July has bolstered macroeconomic fundamentals even as global growth lost pace from the third quarter, a Reserve Bank of India (RBI) article said on Thursday. According to the article on ‘State of the Economy’ published in the latest RBI Bulletin, in India, a…
