DDIndia Business: Economic Headlines & Updates

Business

November 14, 2023 10:27 AM

Piyush Goyal holds meeting with US Trade Representative Katherine Tai

Union Minister for Commerce and Industry, Piyush Goyal, who is currently on a visit to the United States, held a meeting with US Trade Representative Ambassador Katherine Tai on Monday, during the Indo-Pacific Economic Framework (IPEF) in San Francis...

November 13, 2023 2:56 PM

APEC’s growth to slow as persistent inflation, US-China tensions weigh- Report

Economic growth among Asia Pacific Economic Cooperation countries is expected to decline next year and remain below the global average as higher interest rates slow U.S. growth, as China continues to struggle with its recovery and tensions between th...

November 9, 2023 4:31 PM

Defence minister directs swift release of third OROP arrears instalment before Diwali

Defence Minister Rajnath Singh has directed the Ministry of Defence to disburse the third installment of the One Rank, One Pension (OROP) payment to defence pensioners ahead of Diwali. The minister has also instructed banks and other relevant agenci...

November 9, 2023 3:56 PM

India’s growth outlook soars: Fitch raises medium-term forecast to 6.2%, Morgan Stanley shares optimism

In an upward revision, Fitch Ratings has increased India's medium-term potential growth forecast from 5.5 per cent to a robust 6.2 per cent. These positive changes were underpinned by a more favourable outlook for the capital-to-labour ratio. This p...

November 7, 2023 4:34 PM

IMF upgrades China’s 2023, 2024 GDP growth forecasts

China's economy is set to grow 5.4% this year, having made a "strong" post-COVID recovery, the International Monetary Fund (IMF) said on Tuesday (November 7), making an upward revision to its earlier forecast of 5% growth, while expecting slower grow...

November 7, 2023 1:47 PM

Centre launches ‘Bharat Atta’ at subsidised rate of Rs 27.50/Kg ahead of Diwali

In a move to alleviate the impact of food inflation on the public, the Union Minister for Consumer Affairs, Food, and Public Distribution, Piyush Goyal, launched the sale of of 'Bharat Atta' (wheat flour) at subsidized rates of Rs 27.50 per kilogram....

November 3, 2023 3:49 PM

At UK’s AI Summit developers and governments agree on testing to help manage risks

Leading AI developers agreed to work with governments to test new frontier models before they are released to help manage the risks of the rapidly developing technology, in a "landmark achievement" concluding the UK's artificial intelligence summ...

November 3, 2023 11:03 AM

RBI offers convenient Option to send Rs 2,000 notes for Direct Bank Account Credit

The Reserve Bank of India (RBI) has introduced a new option for the public. Individuals can now send their Rs 2,000 banknotes to RBI's regional offices via insured post, allowing for direct credit to their bank accounts. This initiative is particular...

November 2, 2023 3:34 PM

Coal sector records 16.1 percent growth in September

The Combined Index of eight Core Industries (ICI) has shown a significant increase of 8.1% (Provisional) in September 2023, compared to the same period in the previous year. The index of coal sector has showcased impressive growth of 16.1 percent r...

November 2, 2023 10:28 AM

U.S. Federal Reserve keeps interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may nee...