Category: Economy
RBI issues norms for internal ombudsman in banks, NBFCs
Mumbai, The Reserve Bank on Wednesday issued guidelines for the appointment and functioning of internal ombudsman in banks and NBFCs with an aim to strengthen…
Indian exports to China rise in 2025 but trade deficit touches record high of $116 billion
Beijing, India’s exports to China posted a USD 5.5 billion increase compared to last year bucking the declining trend even as the trade deficit hit…
India eyes public-private partnership to explore world’s largest thorium, monasite reserves
NEW DELHI: The Centre is looking to rope in private players to explore rare-earth materials such as thorium and monazite with India having largest reserves…
India, EU teams in constant engagement to resolve contentious issues of FTA: Official
New Delhi, Indian and EU teams are in constant engagement to resolve the remaining contentious issues in the proposed free trade agreement (FTA) ahead of…
FDI inflows surge $51 billion in 6 months as govt pushes manufacturing, startup collaboration: DPIIT Secy
India has received foreign direct investment (FDI) worth USD 51 billion in the last six months, reflecting sustained global confidence in the country’s growth story,…
India’s December quarter cotton imports jump amid duty-free import push
Mumbai: India’s cotton imports rose 158% year on year to a record 3.1 million bales in the December quarter after New Delhi allowed duty-free imports,…
Wheat output likely to exceed last year’s record 117.94 mn tonne: Agriculture Minister
The country’s wheat production is expected to surpass last year’s record of 117.94 million tonne due to higher acreage and favourable crop conditions, Agriculture Minister…
GJEPC seeks duty cuts and policy reforms to boost gem and jewellery exports
The Gem & Jewellery Export Promotion Council (GJEPC) has sought duty rationalisation, SEZ reforms, customs simplification, tax reforms for exporters, support for lab-grown diamonds, and…
India to grow at 7.5-7.8% this fiscal, 6.6-6.9% in FY27: Deloitte
New Delhi, India is likely to clock a GDP growth of 7.5-7.8 per cent in the current fiscal, supported by festive demand and robust services…
Maharashtra topples Tamil Nadu to become the No.1 export-ready state of India
Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh and Andhra Pradesh have emerged as the top five export ready states of India, among the large states category,…