Economy Archives - DD India

Economy

March 26, 2025 7:09 PM

India’s GIFT City rises in ‘Global Financial Centres Index 37’

Gujarat International Finance Tec-City (GIFT City) on Wednesday said it has achieved notable improvements in multiple categories in the latest edition of the Global Financial Centres Index (GFCI 37), along with securing the top rank in the ‘Reputat...

March 26, 2025 4:42 PM

Challenges faced by MSMEs must be addressed in clusters, not in isolation: NITI Aayog CEO

BVR Subrahmanyam, CEO of NITI Aayog, on Wednesday said that MSMEs cannot exist in isolation and their challenges must be tackled in clusters and groups. Speaking at an event organized by the Confederation of Indian Industry (CII) in New Delhi, Subra...

March 26, 2025 4:02 PM

Sensex, Nifty break 7-day winning streak, end lower on profit booking

After seven consecutive sessions of gains, the Indian stock markets ended lower on Wednesday as investors booked profits across sectors. Sensex fell by 728.69 points, or 0.93 per cent, to close at 77,288.50. During the session, the index fluct...

March 26, 2025 3:43 PM

IMF reaches staff-level agreement with Pakistan for $1.3 billion climate loan package

The International Monetary Fund (IMF) has finalized a staff-level agreement with Pakistan for a $1.3 billion loan package over 28 months to support the country’s climate change mitigation and adaptation efforts. This agreement also includes the fir...

March 26, 2025 2:58 PM

EPFO to allow instant PF withdrawals via UPI, ATMs by mid-2025

The Employees’ Provident Fund Organisation (EPFO) is likely to introduce a major change that will allow its members to withdraw their provident fund (PF) instantly through UPI and ATMs by the end of May or early June 2025. With this update, employ...

March 26, 2025 2:21 PM

Vietnam to cut duties on US imports, approve Starlink as Trump tariff decision looms

Vietnam will cut its tariffs on several U.S. products including LNG and cars, and moved to approve Starlink services, as the country tries to avoid being hit with U.S. tariffs because of its large bilateral trade surplus. The Southeast Asian industr...

March 26, 2025 11:59 AM

Revised RBI priority sector lending norms to further boost economy: SBI report

The recent amendments to the priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) are expected to accelerate economic growth and strengthen key sectors such as MSMEs, agriculture and allied industries, housing, and exports, acc...

March 26, 2025 10:59 AM

India’s GDP doubles to USD 4.2 trillion over the last decade: IMF

India’s Gross Domestic Product (GDP) has doubled in size over the last ten years, according to the latest data released by the International Monetary Fund (IMF). The data revealed that India’s GDP at current prices stood at USD 2.1 trillion in 2...

March 26, 2025 10:14 AM

Indian stock market opens flat, Sensex above 78,000

The domestic benchmark indices opened flat on Wednesday, tracking positive global cues, with early buying activity seen in the realty sector. At around 9:29 am, the Sensex was trading 78.19 points, or 0.10 per cent higher, at 78,095.38, while the Ni...

March 25, 2025 10:39 PM

Centre discontinues Gold Monetisation Scheme; short-term deposits to continue

The government on Tuesday announced the discontinuation of the Medium-Term and Long-Term Government Deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26, 2025. The Ministry of Finance said in a statement that ban...

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