Nandan Nilekani, Co-Founder and Chairman of Infosys, on Thursday congratulated the Reserve Bank of India (RBI) on its Unified Payments Interface (UPI) campaign. On Monday, RBI Governor Shaktikanta Das unveiled…
Category: Economy
Detailed fire audits of hospitals, daily forecast: PM Modi at meeting on hot weather
Prime Minister Narendra Modi on Monday chaired a high-level meeting today to review the preparedness for hot weather in upcoming summer at his residence in New Delhi. Prime Minister was…
Raghuram Rajan says India ‘dangerously close’ to Hindu rate of growth
Former Reserve Bank of India (RBI) Governor Raghuram Rajan on Sunday said that India is “dangerously close” to the Hindu rate of growth as the country sees limited investment in…
‘Can’t get my money out’: Mark Mobius recommends India over China as investment destination
Market expert Mark Mobius has said that investors doing business with China should be cautious after investment outflows from his HSBC account have been “restricted” by the country. He added…
Centre removes windfall tax on aviation turbine fuel, slashes it on diesel
The Centre has raised the windfall tax on the production of petroleum crude to Rs 4400 per tonne from Rs 4350 effective March 4. It has, however, cut the tax…
‘India’s growth potential is strong’: Moody’s maintains stable outlook on Indian banks
India’s banking sector outlook remains stable and is supported by economic growth and improved financials, Moody’s Investors Service said on Wednesday. In the last few weeks, concerns were raised about…
GST collection for February at Rs 1.49 lakh crore; 12% higher than February 2022
Goods and Services Tax (GST) collection for February has been recorded at Rs 1.49 lakh crore, which is 12 per cent higher than the GST collection of February 2022. The…
Manufacturing PMI changes little to 55.3 in February from 55.4 in January
India’s manufacturing activity changed little, almost remained flat, in the month of February, according to the S&P Global PMI data. Manufacturing PMI was recorded at 55.3 in February, as against…
India’s GDP growth slows down to 4.4% in Q3
Indian economy slowed further to 4.4 per cent growth rate in the October-December quarter of the current fiscal on account of week demand and high inflation, showed government data on…
India’s Q3 GDP growth slows to 4.4%
Indian economy slowed further to 4.4 per cent growth rate in the October-December quarter of the current fiscal, showed government data on Tuesday. The GDP prices in Q3 are estimated at Rs…