Category: Economy
RBI’s great dollar haul: Where are the $73 billion going?
India has pulled off one of the largest and fastest foreign-currency mobilisation exercises ever attempted. In less than 11 weeks, banks and companies have brought…
AI is keeping Asia afloat as inflation weighs it down: Moody’s Analytics
The Asia-Pacific economy is running at two different speeds, with the artificial intelligence boom supporting exports and industrial activity even as higher inflation, tighter monetary…
India may face China’s problem before it reaches the Dragon’s wealth
India is home to one of the world’s youngest populations. Yet the number of children being born has fallen to a level that could reshape…
Govt removes restrictions on wheat exports; Robust export demand for Indian wheat from Bangladesh
India has lifted a more than four-year ban on exports of wheat and wheat products, a move that’s likely to temper higher global prices of…
Sowing area in Marathwada down by 7% amid rainfall deficit
Chhatrapati Sambhajinagar: The cultivation area in the Marathwada region of Maharashtra has shrunk by nearly 3.5 lakh hectares this year, with rainfall 20.3 per cent…
India eases raw sugar import rules as it cracks down on hoarding
The government has revised the rules for duty-free raw sugar imports, giving importers up to two months from the date of filing the Bill of…
India raises $73 bn in forex inflows at record pace
India has mobilised total foreign exchange inflows of $73 billion in less than 11 weeks, in the largest and fastest-ever foreign-currency mobilisation exercises undertaken globally….
Full flow FCNR deposits could hit $100 billion, beat estimates
Mumbai: Strong momentum in foreign currency non-resident (bank), or FCNR (B), deposit inflows over the past week has prompted some analysts to raise their estimates…
Commerce minister Piyush Goyal asks Japanese companies to deepen localisation in India
Tokyo: Commerce and industry minister Piyush Goyal Monday urged Japanese auto companies and capital goods firms to deepen their localisation in India, establish more research…
India to amend rules within two months to ease semiconductor, auto component manufacturing: Piyush Goyal
Tokyo: India will amend regulations and introduce new rules within two months to address concerns raised by semiconductor and automotive component manufacturers, commerce and industry…