Category: Economy
Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral
Mumbai: The Reserve Bank of India (RBI) Friday announced a host of measures to attract foreign currency inflows, aimed at strengthening external buffers, even as…
India’s forex reserves rise $938 million to $682 billion despite RBI’s $5 billion swap
Mumbai: India’s foreign exchange reserves rose by a modest $938 million to $682 billion in the week ended May 29, despite a $5 billion dollar-rupee…
FAR expansion, tax relief may boost foreign bond inflows, but risks remain
Mumbai: The inclusion of additional government securities under the Fully Accessible Route (FAR) and tax exemptions from the government are expected to improve the attractiveness…
PSUs to get concessional forex swaps to boost external borrowings
Mumbai: Reserve Bank of India (RBI) will unveil a concessional foreign exchange swap facility valid until September 30 to incentivise external commercial borrowings (ECBs) by…
IT secretary signals stricter govt controls for AI, biometric devices
New Delhi: India will need to expand strategic autonomy and control over hardware connected to artificial intelligence (AI) and biometric authentication systems, electronics and information…
For a few dollars more: Inflation bypass can hurt
It is a bit of a puzzle for a Monetary Policy Committee with an inflation-targeting mandate to unanimously vote for keeping policy rates and stance…
India can increase seafood exports to $30 billion in five years: Piyush Goyal
Commerce and industry minister Piyush Goyal Friday said India can boost annual seafood exports 2.5 times to $30 billion over the next five years, while…
Govt to tap AI for mapping supply chains and investment clusters
New Delhi: India’s Statistical Business Register (SBR) will help map supply chain linkages, identify investment clusters and guide public investment in logistics infrastructure with the…
Oman ports emerge as India’s gateway to West Asia, Africa
New Delhi: As the India-Oman CEPA came into force on June 1, the Gulf nation’s ports of Sohar, Salalah and Duqm in the Indian Ocean…
India can regain 7% growth by FY28: Chief Economic Advisor V Anantha Nageswaran
New Delhi: India can sustain a more than 7% growth rate this fiscal year, supported by policy measures and structural reforms, said V Anantha Nageswaran,…