Forex kitty drops USD 4.34 billion to USD 589.14 billion For the week ended May 26, the foreign currency assets, a major component of the reserves, declined by USD 4.014… By PTIJune 2, 2023 19:02 IST
Goldman sees RBI pausing again on June 8 review Going forward, we see average headline inflation at 5.3 per cent in 2023, which is within the RBI target of… By PTIJune 2, 2023 18:41 IST
May GST collection data strengthens belief in economic activity growth, macroeconomic stability, say experts The rise in May GST revenue indicates growth in economic activity and further strengthens the belief in India’s macroeconomic stability. By Tanya KrishnaJune 2, 2023 15:43 IST
Sri Lanka economy shows ‘tentative signs of improvement’: IMF These remarks were made by International Monetary Fund Deputy Managing Director Kenji Okamura on Thursday at the end of his… By PTIUpdated: June 2, 2023 13:43 IST
Demand drivers resilient, but short-term challenges loom Consumption demand, which remained muted in the second half of FY23, could now get a leg up, thanks to lower… By Mukesh JagotaJune 2, 2023 03:15 IST
IPEF supply chain pact could shift production centres to India “The agreement will also lead to deeper integration of India in the global supply and value chains, especially Indian MSMEs,”… By FE BureauJune 2, 2023 02:45 IST
Electronics, pharma to drive exports: EXIM Bank deputy MD Sectors like electronics and pharmaceuticals will drive India’s exports in 2023-24 (April-March), said India EXIM Bank deputy managing director N… By Ajay RamanathanJune 2, 2023 00:15 IST
UBS revises FY24 GDP growth forecast up by 70 bps to 6.2 pc The domestic economy has clipped at 7.2 per cent in FY23, 20 bps higher than what was forecast earlier. By PTIJune 1, 2023 22:28 IST
GST collection rises 12% to Rs 1.57 lakh crore in May The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is Rs 1,57,090 crore of… By PTIJune 1, 2023 17:31 IST
Decoding the current trajectory of inflation in India According to the RBI, the projected inflation rate for the fiscal year 2023-24 is 5.2%. Despite this, the RBI is… By GuestJune 1, 2023 16:38 IST
Inter-ministerial consultation on for new industrial policy: DPIIT Secretary “The policy is in the process of inter-ministerial consultation…It will focus on newer set of industries that has now come,”… By PTIUpdated: June 1, 2023 16:15 IST
Wheat procurement crosses 260 LMT mark in RMS 2023-24 till date, surpasses last year’s procurement by 74 LMT The online wheat procurement operations have already benefited about 21.27 lakh farmers with Minimum Support Price (MSP) outflow of about… By FE BusinessJune 1, 2023 15:58 IST
India’s economy likely to grow in 6.5-6.7 per cent range in FY’24: CII President R Dinesh India’s Gross Domestic Product (GDP) grew by 6.1 per cent in the March quarter of 2022-23, pushing the annual growth… By PTIUpdated: June 1, 2023 16:01 IST
India took even more Russian oil in May, crowding out Saudis India took 1.96 million barrels a day from Russia last month, 15% more than the previous high in April, according… By BloombergJune 1, 2023 14:01 IST
Nomura sees Indian economy slowing after growth surprise The economy’s expansion in the latest quarter surprised on the positive side, but going forward “the tailwinds will turn a… By BloombergJune 1, 2023 13:46 IST
Morgan Stanley report on India’s transformation under Modi indictment of UPA’s lost decade: Rajeev Chandrasekhar “This report that says how India has transformed in less than a decade under Prime Minister Narendra Modi is, in… By PTIUpdated: July 28, 2023 09:19 IST
Economists hail India’s ‘resilient growth’ with FY23 GDP growth at 7.2% but warns against global headwinds The economic growth was driven by pickup in manufacturing activity, recovery in private investment and domestic consumption, government data showed.… By Tanya KrishnaJune 1, 2023 12:23 IST
India’s manufacturing PMI hits 31-month high in May on substantial improvement in operating conditions The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose from 57.2 in April to 58.7 in May,… By PTIUpdated: June 1, 2023 12:18 IST
‘They don’t want people like us in America’: Detained by ICE, British journalist says real target was Americans’ rights
