Economy Archives - Page 78 of 226

Economy

February 10, 2025 9:29 AM

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Trump, speaking to reporters ...

February 9, 2025 1:18 PM

India’s pharma exports has potential to reach $350 billion by 2047: Report

India’s pharmaceutical exports are projected to double from approximately $27 billion in 2023 to reach $65 billion by 2030, and can further grow to an estimated $350 billion by 2047, according to a new report. While India is the largest supplier o...

February 8, 2025 10:04 AM

India’s forex reserves rise for 2nd consecutive week, gold reserves up

The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data. The overall reserves had increased by $5.574 billion to $629.557 billion in the previous week. The fore...

February 7, 2025 4:31 PM

Sensex, Nifty end lower as investors digest RBI MPC decision

The Indian stock market closed lower on Friday as investors continued to assess the Reserve Bank of India (RBI)'s recent Monetary Policy Committee (MPC) decision to cut the repo rate by 25 basis points (bps). Despite the rate cut, the central bank ma...

February 7, 2025 3:50 PM

India hits 100 GW solar power capacity milestone, local manufacturing surges

In a testament to the nation's commitment to a cleaner, greener future, India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy, the government sa...

February 7, 2025 2:59 PM

RBI forms Working Group to review trading and settlement timings of financial markets

The Reserve Bank of India (RBI) on Friday established a 9-member Working Group to conduct a comprehensive review of the trading and settlement timings for financial markets. The group will examine various developments in the financial sector over re...

February 7, 2025 2:46 PM

Budget 2025: How It Can Propel India on The Growth Path

Less than a week after the finance minister announced the budget, the Reserve Bank of India announced a rate cut, reducing the repo rate by 25 basis points. The synchronisation between the government and the central bank ensures that the temporary di...

February 7, 2025 11:48 AM

RBI projects 6.7% GDP growth for FY26; inflation in FY25 to remain at 4.8%

The Reserve Bank of India (RBI) has projected a real GDP growth of 6.4% for FY25, with expectations of economic activity picking up in the second half of the fiscal year. This growth is anticipated to be driven by improvements in agriculture and manu...

February 7, 2025 11:47 AM

RBI launches exclusive ‘.bank.in’ domain to tackle financial frauds, enhances digital security measures

RBI Governor Sanjay Malhotra introduced a new '.bank.in' internet domain for Indian banks and stricter authentication protocols for digital transactions on Friday, as part of his unveiling of the Monetary Policy. "The Reserve Bank shall implement th...

February 7, 2025 10:57 AM

RBI cuts repo rate by 25 bps to 6.25% in first policy review

Reserve Bank of India (RBI) Governor Sanjay Malhotra confirmed that the Monetary Policy Committee (MPC) had unanimously decided to reduce the policy rate by 25 basis points (bps), from 6.50% to 6.25%. Malhotra addressed the challenges posed by the g...

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