Category: Economy
PM Modi meets Australian PM Albanese in Melbourne; trade, defence, critical tech on agenda
Melbourne: Prime Minister Narendra Modi on Thursday met his Australian Prime Minister Anthony Albanese, in Melbourne during the second leg of his three-nation visit to…
EPFO to transfer Rs 1.4 lakh cr in interest to 340 million members by July 15
New Delhi: The Employees’ Provident Fund Organisation (EPFO) will auto-process the credit of ₹1.44 lakh crore as 8.25% interest for FY26 to nearly 340 million…
Rainfall deficit narrows to 24%, to boost Kharif sowing in July
New Delhi: Improved rainfall in July has narrowed the country’s rainfall deficit and raised hopes of faster kharif sowing, agriculture minister Shivraj Singh Chouhan said…
CBDT exempts NCCL settlement fund from tax
New Delhi: The Central Board of Direct Taxes (CBDT) has granted income-tax exemption to the Core Settlement Guarantee Fund (CSGF) maintained by National Commodity Clearing…
Indian transformer makers shrug off re-entry of China; Capacity ramp-up and strong demand offset competition
Indian transformer makers are undaunted by the lifting of restrictions on Chinese companies bidding for transmission projects, as their order books are robust and capacity…
Govt seeks proposals for coal gasification projects under Rs 37,500-cr incentive scheme
New Delhi: The government has sought proposals for setting up coal and lignite gasification projects across the country under its Rs 37,500-crore incentive scheme, an…
Centre approves procurement of copra, Totapuri mangoes from Tamil Nadu farmers
New Delhi: The Centre on Wednesday approved the procurement of copra and Totapuri mangoes from farmers in Tamil Nadu, a move aimed at shielding growers…
IMF lowers India’s FY27 growth outlook, retains status as fastest-growing economy
The International Monetary Fund (IMF) on Wednesday marginally lowered India’s FY27 growth forecast to 6.4% from 6.5% projected in April, while highlighting that India remains…
IMF lowers 2026 global growth outlook to 3%, projects 3.4% growth in 2027
The International Monetary Fund (IMF) on Wednesday trimmed its global growth forecast for 2026 to 3% from the 3.1% it had projected in April. It…
IMF sees India among fastest-growing major economies despite trimming FY27 GDP growth projection to 6.4%
India remains among the fastest growing major economies, despite a marginal downgrade to its near-term growth outlook, the International Monetary Fund (IMF) said in its…