Economy

Govt Plans To Borrow Rs 8.88 Lakh Crore Between April-September

Govt Plans To Borrow Rs 8.88 Lakh Crore Between April-September

Press Trust of India | Wednesday March 29, 2023, New Delhi

The government is looking to raise Rs 8.88 lakh crore through borrowing in the first half of 2023-24 to fund the revenue gap for pushing economic growth, the Finance Ministry said on Wednesday.

"Time Has Come" For Airbus, Boeing To Set Up Jet Assembly Plants: Minister

"Time Has Come" For Airbus, Boeing To Set Up Jet Assembly Plants: Minister

Reuters | Friday March 24, 2023, New Delhi

Plane giants Airbus and Boeing face mounting pressure to set up jetliner plants in India, after the country's civil aviation minister told Reuters the "time has come" to serve its soaring demand with jets assembled on domestic soil.

Infosys Announces Kiran Mazumdar-Shaw's Retirement From Board

Infosys Announces Kiran Mazumdar-Shaw's Retirement From Board

Asian News International | Thursday March 23, 2023, New Delhi

Infosys today announced the retirement of Kiran Mazumdar-Shaw as Independent Director from its Board, effective March 22, 2023, upon completion of her tenure.

India's GDP To Grow At 7%, Inflation Set To Moderate, Says Finance Ministry

India's GDP To Grow At 7%, Inflation Set To Moderate, Says Finance Ministry

Press Trust of India | Monday March 20, 2023, New Delhi

Indian economy is expected to grow at 7 per cent in FY23 despite global headwinds while retail inflation would moderate in line with wholesale inflation which fell to a 25-month low in January, the Finance Ministry said on Monday.

Strong Case To Revise Coal Prices, Hike Could Happen Soon: Coal India Chairman

Strong Case To Revise Coal Prices, Hike Could Happen Soon: Coal India Chairman

Reported by Saurabh Gupta, Edited by Boris Pradhan | Monday March 20, 2023, Kolkata

Coal India Chairman today said that amid a slowdown in growth in the mining sector, there is a "strong case" to revise coal prices and a hike in prices could take place "very soon".

India's Forex Kitty Drops By USD 2.39 Billion To USD 560 Billion: RBI

India's Forex Kitty Drops By USD 2.39 Billion To USD 560 Billion: RBI

Press Trust of India | Saturday March 18, 2023, Mumbai

The country's forex reserves fell by USD 2.39 billion to a three-month low of USD 560.003 billion for the week to March 10, the Reserve Bank said in its latest weekly data release.

RBI, UAE Central Bank Sign Pact To Increase Cooperation

RBI, UAE Central Bank Sign Pact To Increase Cooperation

Press Trust of India | Wednesday March 15, 2023, Mumbai

The RBI and the UAE central bank on Wednesday signed an agreement to enhance cooperation in various areas, including exploring interoperability of Central Bank Digital Currencies (CBDC).

Crypto Transactions, Virtual Assets To Come Under Money Laundering Act

Crypto Transactions, Virtual Assets To Come Under Money Laundering Act

Edited by Abhimanyu Kulkarni | Wednesday March 08, 2023, New Delh

The ministry warned investors against "participation in and provision of financial services related to an issuers offer and sale of a virtual digital asset."

Relief For Over 20,000 Homebuyers, Takeover Plan For Jaypee Infra Cleared

Relief For Over 20,000 Homebuyers, Takeover Plan For Jaypee Infra Cleared

Press Trust of India | Tuesday March 07, 2023, New Delhi

A two-member Principal bench of NCLT headed by President Ramalingam Sudhkar approved the resolution plan, more than three months after concluding the hearing and reserving the order.

India To Manufacture $300 Billion Electronic Goods By 2026: Minister

India To Manufacture $300 Billion Electronic Goods By 2026: Minister

Press Trust of India | Sunday March 05, 2023

Union Minister Rajeev Chandrasekhar said that Prime Minister Narendra Modi has laid out a vision that India would play a significant role in the global electronics supply chain and manufacture USD 300 billion ectronics goods by 2026.

Cooking Gas Price Raised By Rs 50, Aviation Fuel Price Reduced By 4%

Cooking Gas Price Raised By Rs 50, Aviation Fuel Price Reduced By 4%

Press Trust of India | Wednesday March 01, 2023, New Delhi

A 14.2-kg LPG cylinder in Delhi now costs Rs 1,103, up from Rs 1,053, according to a price notification of state-owned fuel retailers.

Output Of 8 Key Infra Sectors Grows At 4-Month High Of 7.8% In January

Output Of 8 Key Infra Sectors Grows At 4-Month High Of 7.8% In January

Press Trust of India | Tuesday February 28, 2023, New Delhi

Production of eight infrastructure sectors expanded at a four-month high of 7.8 per cent in January 2023 on better show by coal, fertiliser, steel and electricity segments, according to official data released on Tuesday.

India's Economic Growth Appears To Be "Very Fragile": RBI Panel Member

India's Economic Growth Appears To Be "Very Fragile": RBI Panel Member

Press Trust of India | Sunday February 26, 2023, New Delhi

India's economic growth appears to be 'very fragile' and it may fall short of what the country needs to meet the aspirations of its growing workforce, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday.

US Commerce Secretary To Lead Big Business Delegation To India Next Month

US Commerce Secretary To Lead Big Business Delegation To India Next Month

Press Trust of India | Wednesday February 22, 2023, New Delhi

US Commerce Secretary Gina Raimondo will be leading a big business delegation to India in the second week of March to discuss ways to further boost trade and investment ties between the countries.

Sensex Falls By 927 Points To Close At A Three-Week Low At 59,744.98

Sensex Falls By 927 Points To Close At A Three-Week Low At 59,744.98

Press Trust of India | Wednesday February 22, 2023, Mumbai

Benchmark Sensex plunged by 927 points to close at a three-week low while the broader Nifty settled at a four-month low on Wednesday amid weak global trends.