Category: Economy
RBI launches scheme to reduce stock of unclaimed deposits by incentivising banks
The Reserve Bank on Tuesday announced a year-long incentive scheme for banks to reduce the volume of unclaimed deposits. Under the ‘Scheme for Facilitating Accelerated…
IMEC, Italy and India: A corridor linking the Mediterranean and the Indo-Pacific
The Indo-Mediterranean Corridor has returned to the centre of political and business debate. In the heart of Rome, senior Italian and Indian officials, maritime industry…
India building self-reliance, resilient supply chains to counter weaponisation of trade: Piyush Goyal
India is focusing on self-reliance by building capabilities and resilient supply chains, which will help the country tackle global challenges like weaponisation of trade, Commerce…
India-EFTA trade pact: Swiss wines, apparels, watches to get cheaper in India
As the free trade agreement between India and four European nations EFTA will come into effect from Wednesday, several Swiss products like wines, chocolates, apparel,…
India’s external debt rises to USD 747.2 bn at Jun-end: RBI data
India’s external debt stood at USD 747.2 billion at the end of June 2025, an increase of USD 11.2 billion over its level at March-end…
India’s trade pact with EFTA bloc to take effect from Wednesday
India’s trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while…
India’s fiscal deficit for April–August at ₹5.98 lakh crore, widens to 38% of FY26 target
India’s fiscal deficit for the April–August period stood at ₹5.98 lakh crore ($67.34 billion), representing 38.1% of the government’s full-year target for FY26, official data…
India’s gold, silver imports nearly double despite record prices ahead of festivals, sources say
India’s imports of gold and silver nearly doubled in September from August, defying record high prices, as banks and jewellers rushed to build inventories ahead…
Divergence in GDP contribution between high, low income states worrisome: NITI Aayog VC
High-income states, which account for 26 per cent of India’s population, contribute 44 per cent of GDP, while low-income states, with 38 per cent of…
Govt puts e-comm platforms on radar for GST rate cut benefit compliance
The government has placed e-commerce platforms under scrutiny as it monitors prices of daily use FMCG products ranging from shampoo to pulses to ensure that…