India has eliminated extreme poverty: Surjit Bhalla and Karan Bhasin, for Brookings
Bhalla and Bhasin note that it took 30 years for India to witness a similar decline in poverty levels, which has now been witnessed over 11 years.
South Korea hoping to conclude FTA talks with India before possible state visit in 2024
Officials from India and South Korea met earlier this year in January for the 10th round of official negotiations to upgrade the bilateral Comprehensive Economic Partnership Agreement, or CEPA.
Quick take| What is the message from RBI Governor Shaktikanta Das?
The monetary policy committee (MPC) is walking a cautious path on inflation. The panel isn’t yet ready to lower the guard early and lose the hard-earned gains in the prolonged inflation fight.
Sri Lanka achieved progress in economic recovery as people backed difficult programme: President Wickremesinghe
Despite setbacks, President Ranil Wickremesinghe stated on Sunday that Sri Lanka has made progress in its economic recovery process because of the people's unwavering support for a comprehensive, long-term national rebuilding strategy.
Sitharaman's message to ratings agencies: Govt bettering fiscal consolidation roadmap
According to Christian de Guzman of Moody's, while the interim Budget firmly conveyed India's commitment to its fiscal consolidation, the government's ability to meet its targets could be restricted due to a variety of factors
Infrastructure sector gets no big bang announcements from Union Budget but support continues
Interim Budget 2024 has increased capex for 2024-25 by 11 percent to Rs 11.11 lakh crore, which, though lower than the 15 percent hike expected by many from the industry, is still significant and will spur infrastructure growth.
MC Graphixstory: Narrowing current account deficit to bolster economy, reduce pressure on rupee
India typically runs a current account deficit as it is a developing economy that relies on imports of several commodities like crude oil.
Budget 2024 | Focus on fiscal consolidation must to regain pre-pandemic strength
Given that it is a vote-on-account, will the budget attempt any major reforms or path-breaking initiatives? Or, will this be what I call the “keep in cruise mode” effort?
Economic climate encouraging; 7.3% GDP growth estimate very positive: SBI chairman
Speaking to PTI on the sidelines of the biennial Vibrant Gujarat Global Summit here, Khara said the overall economic climate is "very encouraging" at present.
RBI MPC members vow to take battle against inflation ahead
India's headline retail inflation rate surged to 5.55 percent in November due to the combination of an unfavourable base effect and a rise in prices of key food items
ICRA revises upwards FY24 GDP growth forecast to 6.5%
The revision is being done because Icra feels the deflation in commodity prices will be sustained and there are expectation of better growth in the October-December period
US homelessness up 12% to highest reported level as rents soar and coronavirus pandemic aid lapses
The U.S. had been making steady progress until recent years in reducing the homeless population as the government focused particularly on increasing investments to get veterans into housing.
Bankers hail RBI move to keep repo rate unchanged
The central bank earlier in the day left key policy rates unchanged for the fifth time in a row and underlined that there is no room for complacency in the fight against inflation till prices fall to the 4 percent target.
Upward revision in RBI's GDP growth forecast very well placed: Economic Affairs Secretary Ajay Seth
The RBI in its bi-monthly policy review revised upward growth projection for the current fiscal to 7 percent, from 6.5 percent earlier.
RBI MPC Highlights | Pause no signal of neutral stance, inflation top priority: Guv Das
The Reserve Bank of India made a slew of announcements, including the reversal of liquidity facilities on weekends and holidays, the setting up of fintech repository by April, and the enhancement of UPI transaction limit for hospital and educational payments, among others.
Centre lowers windfall tax on crude oil to Rs 5,000/tonne
The levy on jet fuel too has been lowered to Rs 1.06 lakh per kilo litre (kL) from Rs 1.11 lakh/kL.
India’s agricultural growth records sharpest decline in 4.5 yrs on account of erratic monsoon
Ministry of Agriculture and Farmers Welfare in its first advance estimate for the kharif crop has projected a dip of about 9 million metric tonnes (mmt) of foodgrains on year
Country can mop up $543 bn from retail investors to combat climate change by 2030
A Standard Chartered Bank report on sustainable banking, is based on investor interest from a survey of 1,800 respondents in 10 growth markets across Asia, Africa and the Middle East.
Global prices singe as India likely to keep up ban on rice exports till next year
Lower prices and ample stockpiles have helped make India one of the top shippers globally over the past decade, recently accounting for almost 40 percent of the total
India's GDP to grow 6.7% during 2024-2026, growth prospects remain strong: S&P
In a report titled 'Global Banks Country-By-Country Outlook 2024', S&P said the banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025, on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards and improved risk-management practices.
India may continue to face challenges in raising longer term growth potential, creating enough new jobs: Moody's
In its report on South Asia sovereigns, Moody's said compared with other South Asian economies, India appears to be in a better position to deepen its integration in global value chains, attract FDI and increase exports.
Indian rupee to trade near record lows despite surging growth
India’s economy is expected to expand 6.3% this fiscal year, the fastest-growing major economy in the world. But the rupee is not reflecting that optimism, having hit a record low of 83.29/$ earlier this month.
HDFC Bank hikes lending rates in select tenors by 0.05%
The city-headquartered lender's asset liability committee, which met on November 7, decided to hike the marginal cost of funding based lending rates by 0.05 per cent, officials said.
Finance ministry focuses on bringing all business establishments under GST net
She was speaking at a function to open 12 GST Suvidha Kendras in Gujarat from here, which will help business establishments to have flawless GST registration and will help them resolve their issues at such centres.
