Category: Economy
State capex hits 2.7% of GDP under SASCI scheme: Report
New Delhi: The Special Assistance to States for Capital Investment (SASCI) scheme lifted state capital expenditure to 2.7% of gross domestic product (GDP) in 2024-25…
‘Disaster resilience must be built into infra projects,’ says Economic affairs secretary Anuradha Thakur
New Delhi: Economic affairs secretary Anuradha Thakur on Wednesday stressed the need to embed disaster resilience in the design and financing of infrastructure projects, underscoring…
Finance Ministry plans to broaden Actuaries Act scope beyond insurance, pensions
New Delhi: The finance ministry plans to amend the Actuaries Act, 2006 to broaden the definition of actuarial science beyond insurance and pensions to include…
Smartphones emerge as India’s export champions in FY26
New Delhi: Smartphones led a 24% surge in India’s electronics exports in the last fiscal year as handset makers such as Apple and Samsung made…
India can grow above 7 pc even if crude oil costs USD 90-100/barrel: Assocham
New Delhi: The Indian economy, largely driven by consumption, has the potential to grow over 7 per cent annually even if crude oil costs USD…
Net sales growth of FDI companies moderated to 8.7% in FY25: RBI data
Net sales growth of the select FDI companies moderated to 8.7 per cent in 2024-25 from 9.4 per cent in the previous year, according to…
Impact on growth and inflation to depend on duration of West Asia conflict: MPC says
Kolkata: Reserve Bank of India’s monetary policymakers said a prolonged West Asia conflict could cast a long shadow on economic growth and inflation, although the…
RBI proposes measures to strengthen Prepaid Payment Instruments framework
Mumbai: The RBI on Wednesday proposed several measures to develop a more conducive framework for the long-term growth of Prepaid Payment Instruments (PPIs), including enhanced…
West Asia crisis: Govt considering customs duty cut on critical induction cooktop components
New Delhi: The government is considering cutting the customs duty on critical induction cooktop components to boost domestic manufacturing and address the price hike amid…
RBI measures on currency temporary to curb volatility, says deputy governor Sankar
Mumbai: Reserve Bank of India‘s (RBI) measures restricting banks’ net open positions is a temporary one to prevent volatility in the rupee, deputy governor T…