Category: Economy
After 35 years, Japan’s JCRA upgrades India sovereign rating to A- from BBB+
New Delhi: Japan Credit Rating Agency (JCRA) has upgraded India’s sovereign rating to A- from BBB+, a feat achieved after more than three decades, citing…
ET Graphics: The $4.4 trillion illicit money machine, in numbers
Speaking abroad, Chief Justice of India Surya Kant recently said the global scale of laundered money was such that it could buy a laptop for…
India and Canada reaffirm strategic ties, target bilateral trade of CAD 70 billion by 2030
New Delhi: India and Canada held their annual Foreign Office Consultations (FOC) at Hyderabad House on Wednesday, reaffirming their commitment to concluding a Comprehensive Economic…
Roubles and rupees: Russia says no more hurdles in payments with India
Moscow: Russia and India, the second-largest importer of Russian oil, have built a functioning payments infrastructure using roubles and rupees, which now account for 96%…
Goyal calls for resilient supply chains, while Gor stresses fair and reciprocal India-US trade
New Delhi: India is in talks with certain countries including the UK and the EU to enhance collaboration and partnerships for processing and development of…
Record FCNR (B) inflows as banks mobilise $127 bln
Mumbai: Banks have mobilised a whopping $127.22 billion from foreign currency non-resident (bank) FCNR (B) deposits in less than three months till the scheme closed…
India in talks with multiple countries to develop critical minerals for domestic needs: Piyush Goyal
New Delhi [India]: India is in talks with multiple countries, including the US, to forge collaborations and partnerships for processing and developing critical minerals to…
Govt mulls BIS exemption for high-tech companies setting up plants in India
The government is considering a new regulation to exempt companies in high-tech sectors from mandatory Bureau of Indian Standards (BIS) certification for equipment and components…
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflows
India’s banking system attracted $136.38 billion in foreign currency inflows through the Reserve Bank of India’s special dollar-rupee swap facility by August 31, with foreign…
Why was ₹6 lakh crore shaved off last year’s GDP? Govt explains the numbers
The government on Wednesday rejected the claim that it revised down last year’s current-price GDP from ₹86 lakh crore to ₹80 lakh crore to make…