Shamika Ravi, a member of the Prime Minister Narendra Modi’s Economic Advisory Council, has dismissed concerns over the Indian rupee potentially weakening to 100 against the US dollar. In an…
Category: Economy
RBI, govt unveil measures to attract foreign inflows in bonds, equities
Mumbai: The Reserve Bank of India and the government on Friday simultaneously unveiled a slew of measures to draw foreign capital into local debt markets and support the rupee, amid…
RBI MPC outcome: Central bank slashes FY27 growth projections to 6.6% amid Middle East crisis
The Reserve Bank of India (RBI), in its June policy meeting outcome on Friday, lowered its growth projections for the financial year 2026-27 (FY27) to 6.6% from 6.9% earlier amid…
RBI holds repo rate at 5.25%, retains neutral stance
MUMBAI: The Reserve Bank of India’s rate-setting panel on Friday unanimously kept the repo rate unchanged at 5.25% and retained its “neutral” stance, despite a sharp depreciation in the rupee…
Oil rises as Hezbollah rejects ceasefire, raising fresh fears over West Asia peace
Global crude prices witnessed a marginal increase on Friday morning after sharp declines in the previous session. Prices rose after Iran-backed militant group Hezbollah rejected the US-brokered ceasefire between Israel…
Centre plans to allow PE firms, sovereign wealth funds to directly participate in all greenfield infra projects
Private equity firms, pension funds and sovereign wealth funds may get to invest across a range of infrastructure projects at the earliest stage as part of a new public-private partnership…
Govt nears a quarter of ₹80,000-cr asset-sale target for FY27
New Delhi: India’s asset sale campaign got off to a strong start, with the government realizing nearly a quarter of its ₹80,000-crore target for the ongoing financial year (FY27), two…
India remains among fastest-growing economies despite global uncertainty: Minister Prasada
NEW DELHI: India remains among the world’s fastest-growing major economies despite persistent global uncertainties, minister of state for commerce and industry Jitin Prasada said on Thursday, underscoring the country’s long-term…
All nine recent FTAs set to be operationalized within 10 months, says Goyal
New Delhi: India expects all the nine free trade agreements (FTA) signed over the past three years to become operational within the next 9-10 months, commerce minister Piyush Goyal said…