Mumbai: The government’s focus on infrastructure development, coupled with buoyant business optimism, could nurture a sustained revival in the investment cycle, according to a Reserve Bank report. According to the RBI’s Monetary Policy Report- April 2024, domestic economic activity, backed by strong fundamentals, remained robust in the first half of 2023-24, weathering challenges from muted…
New Delhi: India imported a record crude sunflower oil of 4,45,723 tonne in March, taking advantage of lower prices, while the country’s total edible oil imports reached 11.49 lakh tonne in the month, industry body SEA said on Thursday. Crude sunflower oil imports stood at 1,48,145 lakh tonnes in March 2023, while total edible oil…
New Delhi: The Asian Development Bank (ADB) on Thursday raised India’s GDP growth forecast for the current fiscal to 7 per cent from 6.7 per cent earlier, saying the robust growth will be driven by public and private sector investment demand and gradual improvement in consumer demand. The 2024-25 growth estimate is, however, lower than…
Mumbai: Benchmark equity indices continued their record-breaking rally on Tuesday, with the BSE Sensex breaching the historic 75,000-mark for the first time ever in early trade and the Nifty climbing to its fresh new record peak. Buying in IT stocks contributed the most to the markets rally in early trade. The 30-share BSE Sensex climbed…
Panaji: Kadamba single-malt is on the rise bagging many accolades world-wide. Whisky enthusiasts around the globe are vying to celebrate this cherished spirit. We present a curated selection of the latest award winning ‘Kadamba’ signature release that’s capturing the attention of connoisseurs and newcomers alike. The biggest challenge and responsibility to produce Kadamba single-malt is…
Mumbai: The RBI on Friday retained the GDP growth projection at 7 per cent for 2024-25 fiscal on the back of expectations of a normal monsoon, moderating inflationary pressures, and sustained momentum in manufacturing and services sector. The headwinds from protracted geopolitical tensions and increasing disruptions in trade routes, however, pose risks to the outlook,…
Washington: The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent. Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India and…
Mumbai: The Reserve Bank has to accord “top-most priority” to growth and at the same time focus on trust and stability, Prime Minister Narendra Modi said on Monday. Addressing the inauguration of the event commemorating 90 years of the Reserve Bank of India (RBI) here, Modi said the next decade is as important for attaining…
New Delhi: In mounting trouble for the Congress, sources in the party said it has received fresh notices from the Income Tax department, raising a tax demand of Rs 1,745 crore for the assessment years 2014-15 to 2016-17. With this latest notice, the Income Tax department has raised a total demand of Rs 3,567 crore…
New Delhi: The live storage capacity in India’s 150 primary reservoirs has dropped to 36 per cent of their total capacity while the southern states like Karnataka face a significant shortfall in water storage compared to the previous year and the ten-year average, according to official data. Cities like Bengaluru have been grappling with water…
