Category: Economy
India growth outlook dims as oil tops $100, gas crisis deepens
A war raging thousands of miles away is tightening its grip on India’s economy, as surging oil prices and acute gas shortages ripple from kitchens…
What’s key to India’s forex defence? Patra suggests it’s $1 trillion buffer
India needs a foreign exchange reserve buffer of at least $1 trillion to ensure it has enough firepower to intervene in currency markets, according to…
Biz chamber seeks RBI relief for exporters hit by West Asia disruptions
Kolkata: The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics…
India underreported rice, wheat price support: US, others to WTO
The US, Australia, Paraguay and Ukraine have raised objections to the market price support given by India to certain agricultural goods in a submission to…
India-US trade deal to be signed after new US tariff framework is finalised
New Delhi: The signing of the India-US trade deal will take place only after a new tariff framework is finalised, with both sides currently discussing…
Trade deficit nearly 2x in Feb; exports face battlefield ahead
New Delhi: India’s February trade deficit almost doubled to $27 billion from $14.42 billion a year ago as imports rose 24%, led by gold and…
India’s wholesale inflation rises to 11-month high of 2.13% in February
New Delhi: India’s gauge for wholesale prices climbed to an 11-month high of 2.13% year-on-year in February, led by higher costs of primary goods including…
Revamped Stand-Up India scheme soon: Nirmala Sitharaman
NEW DELHI: Finance minister Nirmala Sitharaman said on Monday that the government will soon roll out a revamped Stand-Up India scheme to support entrepreneurs from…
Exporters, freight forwarders seek government help as war surcharges on cargo surge
Mumbai: Exporters and freight forwarders have sought the government’s intervention after global shipping lines began imposing steep war-risk surcharges on cargo to and from the…
Bank-NBFC co-lending pacts may be expanded to aid MSMEs
New Delhi: A parliamentary standing committee on finance has recommended expanding structured co-lending arrangements between banks and non-banking financial companies to bridge a $530-billion formal…