DDIndia Business: Economic Headlines & Updates

Business

October 5, 2023 11:52 AM

Cabinet approves tenancy regulations for 3 UTs & setting up of Sammakka Sarakka Central Tribal University in Telangana

The Union Cabinet on October 4 gave its nod to the amending of the Central Universities Act for setting up of Sammakka Sarakka Central Tribal University in Telangana. This will provide introduction in Parliament, a Bill, namely, the Central Universi...

October 5, 2023 9:29 AM

RBI Monetary policy review: markets brace for impact as MPC meets

As the three-day meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) commenced on Wednesday, October 4th, there was widespread anticipation that the central bank would maintain the current interest rates and policy stanc...

October 4, 2023 9:38 PM

Government increases subsidy for Ujjwala Scheme, beneficiaries to now pay ₹603 for per 14.2 kg cylinder

In a significant development, Union Minister Anurag Thakur has announced a boost in the subsidy provided to economically disadvantaged women who have availed of cooking gas connections through the Ujjwala scheme. Effective immediately, beneficiaries ...

October 4, 2023 3:20 PM

ADIPEC Awards 2023 Recognizes Global Energy Innovators and Leaders

The prestigious ADIPEC Awards 2023 ceremony, held under the theme 'Leading the Transformation,' celebrated eight pioneering projects, companies, and individuals driving transformative change across the global energy landscape. Honoring outstanding ac...

October 4, 2023 3:18 PM

NIIF launches $600 million India-Japan fund with government of India and JBIC as anchor investors

The National Investment and Infrastructure Fund (NIIF) and the Japan Bank for International Cooperation (JBIC) jointly launched the India-Japan Fund (IJF) on October 4 to encourage Japanese investments in India. The $600 million fund will be managed...

October 4, 2023 12:19 PM

Boston Consulting Group Stresses the Importance of Integrating and Scaling Up Green Technologies at ADIPEC 2023

Pattabi Seshadri, Senior Partner and Managing Director of Boston Consulting Group stressed the importance of integrating and scaling up green technologies at the ADIPEC 2023 conference in Abu Dhabi. Seshadri said that current solutions can only redu...

October 4, 2023 9:56 AM

World Bank lowers Bangladesh’s growth projection for FY24

The World Bank in its latest update released on Tuesday has projected Bangladesh’s economic growth to be 5.6 percent in the 2023-24 fiscal year ending next June. The global lender in its previous projection in April, forecasted a 6.2 percent GDP...

October 3, 2023 8:22 PM

Hardeep Singh Puri Discusses Energy Prices, Cooperation, and Partnerships in Abu Dhabi

Minister of Petroleum and Natural Gas Hardeep Singh Puri met with the Secretary General of OPEC, Haitham al-Ghais, and the CEO of Schlumberger, Olivier Le Peuch, in Abu Dhabi on Monday, on the sidelines of ADIPEC 2023 to discuss energy prices, cooper...

October 3, 2023 4:49 PM

MP CM Shivraj Singh Chouhan flags off trial run of Bhopal Metro

Madhya Pradesh Chief Minister Shivraj Singh Chouhan today flagged off the trial run of the Bhopal Metro train at Subhash Nagar in the city. The CM also performed a ceremonial worship before giving the green signal for the metro train. He even took...

October 3, 2023 3:25 PM

India’s growth to remain robust & resilient despite global headwinds: World Bank

Indian economy continues to show high growth and ample amount of resilience despite a very challenging global growth environment. According to World Bank’s latest India Development Update (IDU), despite significant global challenges, India remained...