Page 190 of ECONOMY

Millions have been lifted out of poverty over the decades, especially the recent ones. However, the country still has a deplorable 131th rank among 189 countries on human development index and 12% of the world's poor reside here.

For the record, 75 years after Independence, India is the world’s third largest economy on purchasing power parity basis and…

August 15, 2022 02:30 IST

The Prime Minister may highlight the government’s efforts to win the war against the pandemic and the economy’s resilience in the face of strong external headwinds.

Digital banking units, post-Covid recovery may feature in PM’s I-day speech

All state-run banks, 10 private sector banks and one small finance bank have completed work to operationalise the 75 DBUs.…

August 15, 2022 01:00 IST

This amount represents 71.5% of their aggregate annual net borrowing ceiling (NBC) of Rs 8.58 trillion (3.5% of GSDP).

States including UP get nod in July to borrow Rs 42,268 cr

The balance debt, so estimated, will be brought above the line over three years to FY26 in equal tranches. The…

August 15, 2022 00:30 IST

75 years of Independence: How India’s Union Budget has ballooned 1998440% from 1947 to 2022

Since 1947, India has had a total of 73 annual budgets, 14 interim budgets and four special budgets with the…

August 14, 2022 15:59 IST

75th Independence Day: How Indian economy grew since 1947; a look at key milestones in last 75 years

75th Independence day: Once branded a “third world country”, India is now among the biggest economies of the world. India’s…

August 14, 2022 15:38 IST

New law for SEZs: Commerce ministry proposes host of incentives to revamp Special Economic Zones

In the Union Budget this year, the government proposed to replace the existing law governing Special Economic Zones (SEZs) with…

August 14, 2022 11:39 IST

Union Minister unveils slew of projects at Kamarajar Port for seamless movement of cargo

The port handled its highest ever cargo throughput of 38.74 million tonne during the financial year 2021-22 with an increase…

August 14, 2022 10:58 IST

As per the OECD calculations, India is poised to overtake the US economy by 2048, making India the largest economy in the world after China. Indian economy grew by 8.7% by FY22 and the RBI has projected GDP growth of 7.2% in FY23.

India can be 2nd-largest economy by 2031: RBI Dy Guv Michael Patra

While India has an infrastructure gap due to lower investment in the sector, the share of infrastructure investment should increase…

August 14, 2022 05:40 IST

Achieving 11pc growth rate in next decade possible if India capitalises on demography, manufacturing, exports: RBI Deputy Governor

If India capitalises on its opportunities and overcomes challenges, it is widely believed that India will “bend time”, Patra said.…

August 13, 2022 16:52 IST

Corporate tax collection up 34 pc in April-July

The tax department said corporate tax collections at Rs 7.23 lakh crore in fiscal 2021-22 (April 2021 to March 2022)…

August 13, 2022 14:23 IST

US Economy, US economy latest news, economy data

US import prices decline for first time in seven months

Economists polled by Reuters had forecast import prices, which exclude tariffs, would decline 1.0% from June.

Updated: August 12, 2022 19:21 IST

India, UK working intensively to meet Diwali deadline for FTA

In a joint outcome statement on the ongoing FTA negotiations released on Wednesday evening, the Department for International Trade (DIT)…

Updated: August 11, 2022 15:47 IST

India’s five-year swap rate off high on easing US inflation; India CPI data key

The five-year swap rate was at 6.20%, down 14 basis points from a high of 6.34% hit on Monday, while…

August 11, 2022 13:26 IST

“This is in line with the commitment of the Government of India to strengthen the hands of states to accelerate their capital and developmental expenditure,” the finance ministry said in a statement.

Centre doubles August devolution to Rs 1.17 trillion to aid states’ capex

Icra sees extra devolution at Rs 1.1 trillion over FY23BE

August 11, 2022 04:45 IST

A boost for states’ capex

Total expenditure is likely to rise to Rs 41.54 trillion from Rs 30.05 trillion during the same period.

August 10, 2022 05:10 IST

India may grow at 8.2% over next decade; Goldman Sachs chalks out 4 growth levers

India’s potential growth over the next decade could be around 6 per cent. However, the nation can increase this growth…

August 9, 2022 13:09 IST

Centre’s guarantees to CPSEs and other agencies at Rs 4.67 trillion by FY20

In FY20, the additional guarantees extended by the government were shown as Rs 60,907 crore or 0.3% of GDP.

August 9, 2022 03:10 IST

Exporters of wheat flour, maida need quality certificate for shipments

“Export policy or items — wheat flour, maida, samolina (rava/sirgi), wholemeal atta and resultant atta — remains free but export…

August 8, 2022 22:57 IST

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Maharashtra local body polls for 246 municipal councils, 43 nagar panchayats on Dec 2

India News5 min ago

Elections for 246 municipal councils and 42 nagar panchayats in Maharashtra will be held on December 2, with 1.7 crore eligible voters and 13,355 polling centers. The last day to file nominations is November 17, and polling will be conducted using EVMs. The results will be declared on December 3. The schedule for other local self-government bodies is yet to be announced by Waghmare.

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