Category: Economy
RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas funds
The Reserve Bank of India (RBI) on Wednesday temporarily relaxed interest rate restrictions on certain non-resident deposits, giving banks greater flexibility to offer higher returns…
‘We did it’: Modi, Starmer caught on mic hinting at breakthrough in UK-India trade deal
Prime Minister Narendra Modi and UK Prime Minister Keir Starmer were caught on a microphone at the G7 summit in France appearing to signal a…
Why a strong El Niño leaves tropical commodities acutely exposed
LONDON/NEW YORK: Global forecasters say a strong El Nino weather pattern is increasingly likely to develop in the second half of the year, boosting temperatures,…
India takes the shine off silver as imports plunge 82% in May after duty hike
India’s silver imports crashed 81.6% in May, marking an abrupt reversal after a record-breaking year, as higher import duties and licensing restrictions imposed by the…
India delivers 5 tonnes of medical aid to Afghanistan under humanitarian assistance
New Delhi [India], June 17 (ANI): India on Wednesday delivered five tonnes of essential medicines to Kabul under humanitarian assistance. Official Spokesperson for the Ministry…
India, Canada agree to conclude free trade pact talks by year-end
India and Canada on Tuesday agreed to conclude negotiations for a free trade agreement by the year-end as Prime Minister Narendra Modi held wide-ranging talks…
Govt fundraising drive hits high gear
New Delhi | Mumbai: The government’s bid to shore up its non-tax revenue got off to a strong start, with public asset monetisation in two-and-a-half…
States told to prepare contingency plans for districts likely to face low rainfall during kharif season
New Delhi: Agriculture minister Shivraj Singh Chouhan has directed states to prepare contingency plans for districts likely to face low or uneven rainfall during the…
CAG asks states to disclose off-budget borrowings in A/Cs
New Delhi: The Comptroller and Auditor General of India K Sanjay Murthy Tuesday asked the state governments to accurately disclose their off-budget borrowings in their…
Finmin to engage with states over looming El Nino fallout
New Delhi: The finance ministry will soon hold discussions with states and key central ministries to assess the economic and fiscal impact of El Nino,…