Economy Archives - Page 49 of 220

Economy

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...

March 25, 2025 7:18 PM

Lok Sabha passes Finance Bill 2025

The Lok Sabha on Tuesday passed the Finance Bill 2025, with Finance Minister Nirmala Sitharaman emphasizing that the legislation aligns with the aspirations of the people and the government's vision of making India a developed country by 2047. The b...

March 25, 2025 4:06 PM

Stock market closes in green amid volatile trade, Sensex ends above 78,000

The Indian stock market remained in positive territory for the seventh consecutive session on Tuesday, though it gave up most of its early gains during a volatile trading session. The Sensex, which touched an intra-day high of 78,741.69, eventually ...

March 25, 2025 4:04 PM

New Income Tax Bill to be introduced in monsoon session: FM Sitharaman

The new Income Tax Bill will be taken up for discussion in the Monsoon session of Parliament, Finance Minister Nirmala Sitharaman told the Lok Sabha on Tuesday. The Income-tax Bill, 2025, which will replace the six-decade old Income Tax Act, 1961, w...

March 25, 2025 3:23 PM

India’s GDP to grow at 6.5 pc in FY26, 75-100 bps rate cut likely: S&P Global Ratings

Showing a resilient economy in the Asia-Pacific region amid global uncertainties, India’s GDP will grow at 6.5 per cent in the fiscal year ending March 31, 2026, S&P Global Ratings said on Tuesday. This assumes the upcoming monsoon season will...

March 25, 2025 1:45 PM

ATM withdrawals to get costlier from May 1 as RBI approves fee hike

Withdrawing cash from ATMs in India will become costlier from May 1, as the Reserve Bank of India (RBI) has raised interchange fees. This means customers who rely on ATMs for financial transactions will have to pay additional charges once they excee...

March 25, 2025 11:20 AM

PLI scheme for specialty steel gets investment commitments worth Rs 17,000 crore

The production-linked incentive (PLI) scheme 1.1 for specialty steel has witnessed investment commitments worth Rs 17,000 crore in the second round, according to the government. The expansion of the scheme is expected to further enhance India’s gl...

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