The Department of Investment and Public Asset Management (DIPAM) on Friday said that the speculations that the government might defer the $4 billion idbi-bank-concor-ireda-wapcos-stake-sales-368372-2023-02-01?utm_source=topic&utm_medium=topic&utm_campaign=topic”>IDBI Bank divestment are misleading as privatisation…
Category: Economy
India’s GDP expected to grow at a slower 6% in FY24, inflation to ease to 5%: CRISIL
The Gross Domestic Product (GDP) of India is expected to grow at 6 per cent in the next fiscal 2023-24, slower than the 7 per cent level earlier estimated for…
No more Chinese wheels! This Kolkata consortium to supply ‘Made in India’ wheels for Vande Bharat trains
A consortium of Kolkata-headquartered Ramkrishna Forgings and Titagarh Wagons has emerged as the lowest bidder for manufacturing wheels for the Indian Railways’ flagship semi-high-speed Vande Bharat trains. Announced by railway…
India’s exports dip 8.8% to $33.88 billion in February
India’s exports dipped in February for the third consecutive month by 8.8 per cent to USD 33.88 billion against USD 37.15 billion in the same month last year, according to…
Centre unlikely to roll back tax plan on high-value life insurance
The Indian government is unlikely to make changes to its budget proposal of taxing the total returns on high-value life insurance policies, two government officials said on Wednesday, amid demands…
US CPI inflation rises 6% in Feb, lowest since Sept 2021
US consumer prices increased in February amid sticky rental housing costs, but economists are divided on whether rising inflation will be enough to push the Federal Reserve to hike interest…
RBI allows banks from UK, 17 other countries to open Vostro accounts for rupee trade
The Reserve Bank of India (RBI) has granted approvals to foreign banks in 18 countries to open Vostro accounts to settle international trade in rupees. In July last year, the…
WPI inflation falls to 3.85% in Feb as against 4.73% in Jan
The wholesale price index (WPI) inflation fell to 3.85 per cent in February 2023 from 4.73 per cent in January 2023. WPI inflation saw a nearly 10 per cent drop…
Up to 788% rise! India’s imports from these countries spiked sharply in last 10 years
India witnessed a nearly 22 per cent increase in its import bill to $601.70 billion during the ongoing financial year till January 2023 due to a sharp rise in crude oil…
India to discourage foreign trade settlement in Chinese yuan
India has asked banks and traders to avoid using Chinese yuan to pay for Russian imports, three government officials involved in policy making and two banking sources said, because of…