DDIndia Business: Economic Headlines & Updates

Business

October 23, 2023 1:59 PM

RBI revises ‘Too Big to Fail’ classification for NBFCs

In the aftermath of the recent financial crisis, the issue of "too big to fail" (TBTF) has taken center stage in the ongoing debate on financial regulatory reform. This issue has been particularly prominent in developed economies such as the United S...

October 20, 2023 5:30 PM

Simmering tensions between India and Canada not to imperil trade, investments

India is not planning to impose any measures to curb imports or investments from Canada, despite simmering diplomatic tensions between the two countries, two senior government sources in New Delhi said. Ties between New Delhi and Ottawa deteriorat...

October 20, 2023 12:05 PM

India secure over 10 lakh crores investments in GMIS 2023

India has secured over 10 lakh crore investments within three days in Global Maritime India Summit (GMIS) 2023. Maritime Amritkaal Vision 2047 was also unveiled at this event. GMIS 2023 is a flagship event aimed at propelling the Indian mari...

October 20, 2023 10:17 AM

India allows export of 95,000 tonnes of non-basmati rice to Nepal

The Indian government has permitted the export of 95,000 tonnes of non-basmati white rice to Nepal. Earlier there were export curbs imposed on July 20 in view of domestic demand for rice in India and only basmati Rice could be imported by Nepal fro...

October 18, 2023 5:45 PM

Cabinet approves Green Energy Corridor phase-II: A giant leap for Renewable Energy in Ladakh

The Cabinet Committee on Economic Affairs, led by PM Modi, has approved the Green Energy Corridor (GEC) Phase-II – Inter-State Transmission System (ISTS) for a 13 GW Renewable Energy Project in Ladakh. This decision marks a significant step towar...

September 27, 2024 12:24 PM

Virtual Agents Makes their presence felt in at GITEX 2023 Dubai

GITEX GLOBAL 2023, the Middle East's most prestigious technology event, is abuzz with excitement as virtual agents steal the spotlight. With the promise of revolutionizing industries and transforming customer experiences, virtual agents are emerging ...

October 18, 2023 5:26 PM

Government approves major benefits: Dearness Allowance hike for employees and PLB for Railway workers

In a significant move, the Union Cabinet, led by Prime Minister Narendra Modi, has given the green light to raise Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners by 4%. In a separa...

October 18, 2023 4:21 PM

India extends sugar export restrictions until further orders

India has announced an extension of the export restrictions on sugar, effective beyond October 31, 2023, and until further notice, as per a notification issued by the Directorate General of Foreign Trade on Wednesday. The export limitations pertain t...

October 18, 2023 11:39 AM

IMEEC will transform the picture of new global trade, says PM Modi in GMI Summit

PM Narendra Modi on October 16, said the Silk Route of the past that accelerated the global economy, the India-Middle East Europe Economic Corridor (IMEEC) will transform the picture of new global trade. PM Modi also said India will take up several...

October 17, 2023 8:57 PM

India records deflation in Wholesale Prices for September 2023, Signaling mixed impacts on Consumers and the Economy

India has witnessed deflation in the Wholesale Price Index (WPI) for September 2023. The provisional data reveals a contraction of 0.26% compared to September 2022, marking a slight improvement from the 0.52% deflation recorded in August 2023. The W...