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Economy

February 9, 2024 2:14 PM

Former PMs PV Narasimha Rao & Chaudhary Charan Singh, and MS Swaminathan to be conferred Bharat Ratna

Former Prime Minister and veteran leader of Congress P V Narasimha Rao, former Prime Minister of the country, Chaudhary Charan Singh and agricultural scientist Dr. MS Swaminathan will be conferred with the country's highest civilian award Bharat Ratn...

February 8, 2024 6:16 PM

“It was a crisis situation”: FM Sitharaman tables White Paper on management of economy by UPA

Finance Minister Nirmala Sitharaman on Thursday tabled a 'White Paper', detailing the state of the Indian economy during the Congress-led UPA government from 2004 to 2014. The paper states that when the BJP-led government came to power in 2014, the ...

February 8, 2024 11:27 AM

RBI keeps Repo Rate steady, predicts 7% GDP growth

The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 percent during its recent meeting. They also forecasted India's GDP growth for the upcoming financial year 2024-25 to be 7 percent. Breaking it down, they anticipate a gr...

February 8, 2024 11:00 AM

Lok Sabha passes Finance Bill, addresses tax and budget concerns

Lok Sabha passed the Finance Bill, on Wednesday marking the end of the interim budget exercise in the House with Finance Minister Nirmala Sitharaman seeking to allay apprehensions of opposition parties on tax devolution to some states and assuring th...

February 8, 2024 11:27 AM

RBI leaves repo rate unchanged for sixth straight meeting

The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 percent for the sixth time in a row during its February meeting. The repo rate is the interest rate at which RBI lends money to other banks. RBI Governor Shaktikanta Da...

February 8, 2024 11:19 AM

RBI to announce bi-monthly monetary policy today

Reserve Bank of India will announce its bi-monthly policy today amid expectations of a continued pause on the key interest rate. RBI Governor Shaktikanta Das will announce at 10 AM the decisions taken during the 3-day meeting of the Monetary Policy C...

February 7, 2024 4:07 PM

India sees significant rise in high-income earners

During a recent parliamentary discussion, Minister of State for Finance Pankaj Chaudhary said there has been a notable surge in the number of individuals reporting an annual income exceeding Rs 1 crore. As of December 31, 2023, the count stands at o...

February 7, 2024 9:21 AM

MOS Defence Ajay Bhatt’s Riyadh visit yields key defense agreement

By Vinod Kumar, Dubai. Minister of State for Defence, Ajay Bhatt, is currently on a five-day visit to Riyadh from February 4th to 8th, 2024, for the World Defence Show 2024. The visit has yielded a significant milestone with the signing of a Memo...

February 7, 2024 9:09 AM

India Energy Week: PM Modi meets top energy sector CEOs, expects 67 billion dollar investment in energy sector

Prime Minister Narendra Modi interacted with top energy sector CEOs at India Energy Week in Goa on Tuesday. During the interaction, Modi highlighted the wide range of opportunities India offers in the sector and reiterated the government's commitment...

February 6, 2024 11:27 AM

India expected to grow faster at 6.2% in FY25: OECD

In its latest report, the Organization for Economic Co-operation and Development (OECD) has raised India's growth outlook for the fiscal year 2024-25 (FY25) to 6.2%, up from the earlier estimate of 6.1%. This positive change follows a strong performa...

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