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…
Category: Economy
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…
India, Russia in talks to develop Northern Sea shipping route
India and Russia are looking to expand the use of the Northern Sea shipping route, including building of processing facilities. The Northern Sea shipping route passes through the Arctic Ocean. …
India’s overall exports cross an all-time high of $750 billion, says Piyush Goyal
India’s overall exports have crossed an all-time high of $750 billion, Union Minister of Commerce Piyush Goyal said on Tuesday. The country’s exports have risen from $500 billion in 2020-2021…
Centre on course to meet FY23 divestment target
With fiscal 2022-23 set to end this Friday, the central government is expected to achieve its revised target of Rs 93,000 crore for disinvestment proceeds, including dividends. As per official…
Oil sales to India jumped 22 times in 2022: Russia Deputy PM Alexander Novak
Russia Deputy Prime Minister Alexander Novak said that oil supplies to India jumped 22-fold last year. He said that Russia needs to focus on boosting energy exports to ‘friendly’ countries. …