India and Malaysia can now use the Indian rupee to settle trade in addition to other currencies, the Ministry of External Affairs (MEA) said on Saturday. The move follows the…
Category: Economy
Fiscal deficit touches 82.8% of full-year target in February: Govt data
The central government’s fiscal deficit touched 82.8 per cent of the full-year target at the end of February, according to data released by the Controller General of Accounts (CGA) on…
Output of eight key infra sectors record almost flat growth at 6% in February
Production of eight infrastructure sectors recorded an almost flat growth rate of 6 per cent in February as against 5.9 per cent in the same month last year, according to…
India’s current account deficit narrows to 2.2% of GDP in Q3 from 3.7% in Q2
India’s current account deficit, a key indicator of the balance of payment position, fell down to $18.2 billion or 2.2 per cent of the GDP in the December quarter of…
Boost for ‘Make in India’: Defence Ministry signs multiple deals worth Rs 37,600 crore for armed forces
MoD signs Rs 19,600-crore contracts with Indian shipyards for acquisition of 11 next generation offshore patrol vessels and six next generation missile vessels for Indian Navy; MoD also inks over…
Govt plans to borrow Rs 8.88 lakh crore in first half of FY24
The government plans to borrow Rs 8.88 lakh crore in the first half of FY2023-24. The borrowing plan was finalised by the government in consultation with the Reserve Bank of…
Govt plans to borrow Rs 8.88 lakh cr from market in H1FY24
The government is looking to raise Rs 8.88 lakh crore through borrowing in the first half (April-September) of 2023-24 to fund the revenue gap for pushing economic growth, the Finance…
Indian travel sector to report operating profits after losses in last two fiscals: CRISIL
The Indian tours and travel sector is finally out of the red. According to a CRISIL report, the travel sector is set to report operating profits in fiscal 2023 after…
Why FMCG brands are praying for a normal monsoon season this year
Farmers aren’t the only ones praying for a good monsoon this year. The country’s leading FMCG firms, too, are banking on a normal monsoon for a recovery in demand and…
Global banks going belly up: Lessons for India’s resilient banking sector
The recent global banking debacles have highlighted the robustness of India’s Rs 216-lakh crore banking industry. But there are important lessons there for India’s banking sector as well. The crisis…