Category: Economy
Forex reserves up $4.6 bn to $702.9 bn for week ending September 12
India’s foreign exchange reserves stood at $702.9 billion as on September 12, data released by the RBI on Friday showed. This is an increase of…
Greek PM Mitsotakis dials Modi, extends support for early conclusion of India-EU FTA
Greek Prime Minister Kyriakos Mitsotakis on Friday conveyed to his Indian counterpart Narendra Modi Greece’s support for the early conclusion of a mutually beneficial India-EU…
India, US set to intensify push for mutually beneficial trade deal
India and the US have decided to intensify efforts to reach a mutually beneficial trade deal, MEA spokesperson Randhir Jaiswal said in a press briefing…
After S&P, Japan’s R&I upgrades India’s sovereign rating to BBB+
Japan’s Rating and Investment Information, Inc. (R&I) on Friday upgraded India’s Foreign Currency Issuer Rating from BBB to BBB+ with a stable outlook, citing strong…
IGF, QETCI sign pact to develop UK-India quantum value-chain map
India Global Forum (IGF) and the Quantum Ecosystems Technology Council of India (QETCI) have entered into a pact to develop UK-India quantum value-chain map. Catalysed…
RBI to back sticking with headline inflation target ahead of review, sources say
India’s central bank is expected to recommend retaining an existing inflation target for a third consecutive time following feedback from stakeholders who backed the framework,…
GST rates rationalisation may not pose fiscal burden on govt: Crisil
The recent rationalisation of GST rates is unlikely to pose a fiscal burden on the government, ratings firm Crisil said. In its latest report, the…
Lower GST rates to ease tax burdens, empower MSMEs, and accelerate formalisation: Report
The government’s announcement of GST 2.0 will not only ease tax burden on households, empower MSMEs, and accelerate formalisation, but also bring India closer to…
Step up infrastructure credit flow, India requires $4.5 trillion growth capital: PFRDA
India would need $4.5 trillion in infrastructure investment by 2030 to sustain its growth ambitions, Pension Fund Regulatory and Development Authority (PFRDA) chairman Sivasubramanian Ramann…
Domestic coke makers flag import misuse
Domestic met coke makers have sought a probe into misuse of the advance authorisation scheme by importers, alleging that the coal was being used for…