Category: Economy
Multiple states to borrow Rs 16,900 crore through RBI SGS auction on April 21
New Delhi:The Reserve Bank of India (RBI) has announced that multiple state governments will raise a total of Rs 16,900 crore through the revised auction…
CII suggests GIS-enabled land bank, uniform stamp duty to speed up acquisition
The Confederation of Indian Industry (CII) has pitched for the creation of a unified national industrial land bank with a computer-backed facility to offer real-time…
Govt may hike FDI limit in pension sector; Bill likely in Monsoon Session
The government may hike the foreign direct investment (FDI) limit in the pension sector to up to 100 per cent and a Bill in this…
India resilient amid oil shock, may grow 6.8%-7.1% despite global headwinds: SBI Research
New Delhi: India is weathering the latest oil shock and West Asia conflict from a “situation of strength,” with GDP projected at 6.8%-7.1% in FY27…
Cabinet clears Rs 12,980 crore maritime insurance pool to cut costs
New Delhi: The Union cabinet on Saturday approved setting up a Bharat Maritime Insurance Pool (BMIP) with a sovereign guarantee of ₹12,980 crore to ensure…
Rupee depreciation forces Indian firms to adopt Yuan payments, boost local sourcing
Kolkata: Many Indian companies are seeking to mitigate the impact of the rupee’s slide against the dollar by shifting part of their payments for purchases…
Govt clears UP potato buy at Rs 6,500/ton, hikes gram cap in Andhra Pradesh
New Delhi: The Centre has approved the procurement of 20 lakh tonnes of potatoes in Uttar Pradesh at a market intervention price of Rs 6,500.90…
Below-normal monsoon and West Asia conflict cloud India’s agriculture outlook: BoB
The Indian agricultural sector faces a significant period of uncertainty due to a below-normal monsoon forecast and the ongoing conflict in West Asia, threatening to…
Govt strengthens DGFT Norms Committees to speed up export authorisations, cut delays
New Delhi: The Ministry of Commerce and Industry has introduced a set of reforms to improve the functioning of Norms Committees under the Directorate General…
RBI’s oil forex window set to fuel rupee recovery
Mumbai: The Reserve Bank of India has opened an exclusive foreign exchange window for supplying dollars to state-run refiners, easing pressure on the spot exchange…