Category: Economy
Post-festive demand remains strong in country as consumption outlook stays positive: Report
The domestic demand has remained steady even after the festive season, indicating a positive consumption trajectory for the economy, according to a report by Prabhudas…
Auto industry flags Mexico’s plan for steep tariff hike; pharma firms also worried
New Delhi: India’s automobile manufacturers and auto component makers have conveyed their concerns to the government over Mexico’s plan to more than double tariffs on…
Fitch unit raises GDP projection to 6.5% for this fiscal
New Delhi: BMI, a unit of Fitch Solutions, raised India’s economic growth forecast for 2025-26 by 0.5 percentage points to 6.5%, citing strong performance in…
IMF pushes for more reforms as India’s growth stays strong
New Delhi: The International Monetary Fund (IMF) called for structural reforms to support India‘s economic development, encouraging the government to build human capital, boost female…
RBI takes practical stance on family trusts and investment cos
Mumbai: A receptive regulator is making it easier for business families to house their wealth and assets in private trusts. The Reserve Bank of India…
Govt may give 2.5-3 pc subsidy benefits under Interest Equalisation Scheme for exporters
The government is likely to provide subsidy benefits in the range of 2.5-3 per cent under the Interest Equalisation Scheme to exporters in certain sectors…
Volatile nature of food prices pose challenges to inflation forecasting, says RBI’s Poonam Gupta
Kolkata: Reserve Bank of India deputy governor Poonam Gupta on Wednesday said that the high weightage of food in the Consumer Price Index and the…
IMF says India’s economy will stay robust despite external headwinds as inflation remains “well contained”
The International Monetary Fund (IMF) on Wednesday expressed confidence in India’s economic outlook, stating that growth will remain solid even with external uncertainties. According to…
Cabinet approves rare earth permanent magnet scheme; Rs 9,857.85 crore Pune metro expansion gets cabinet nod
The Union Cabinet approved a Rs 7,280 crore rare earth permanent magnet scheme, two railway multi-tracking projects, and expansion of the Pune metro. Announcing the…
India-Russia annual summit could boost mutual recognition of national card systems
India-Russia cross-border payment system that would smoothen travel of individuals and businesses from both sides in each other’s country can get a boost at next…