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Union Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra and Directors at a meeting in New Delhi on February 8, 2025. | Photo Credit: PTI With the Reserve Bank of India (RBI) following up the Union Budget’s demand stimulus for the slowing economy with a long-awaited interest rate cut, Finance Minister Nirmala Sitharaman said on…
Read More “RBI in sync with government on growth focus, says Sitharaman” »
Washington: The Indian economy is expected to be “a little weaker” in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US. In her annual media roundtable with a group of…
Read More “IMF Chief Expects Global Uncertainty In 2025. Here’s What She Said On India” »
Washington: The Indian economy is expected to be “a little weaker” in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US. In her annual media roundtable with a group of…
Read More “IMF Chief Expects Global Uncertainty In 2025. Here’s What She Said On India” »
Washington: The World Bank has approved a USD 188.28-million loan to stimulate economic growth in Maharashtra, especially in the lagging districts, a media release said. The USD188.28 million Maharashtra Strengthening Institutional Capabilities in districts for enabling growth operation will support district planning and growth strategies, the bank said in a statement. Investments under the operation…
Read More “World Bank Approves $188 Million Loan For Maharashtra” »
Union Finance Minister Nirmala Sitharaman addresses the 11th SBI Banking & Economics Conclave 2024 in Mumbai on November 18, 2024. | Photo Credit: ANI Seeking to quell anxieties about a slowdown in the economy, Union Finance Minister Nirmala Sitharaman on Monday asserted that the government was fully aware of domestic and global challenges and there…
Read More “Nirmala Sitharaman allays growth dip worries, moots rate cut” »
Photo used for representation purpose only. Growth in India’s Gross Goods and Services Tax (GST) collections slumped to a 40-month low of 6.5% in September, yielding revenues of ₹1,73,240 crore, about 1% lower than the tally in August. Net GST receipts, after adjusting for refunds made to taxpayers, were 3.9% higher than a year ago,…
Read More “GST collections hit a 40-month low in September 2024” »
Union Finance Minister Nirmala Sitharaman in the interim Budget had proposed to borrow ₹14.13 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year. | Photo Credit: The Hindu The Centre has retained its borrowing target for the current financial year and plans to raise ₹6.61 lakh crore through auction of…
Government final consumption expenditure tanked 0.2% in Q1, while public capital expenditure spends that include projects financed by the Centre, States and central public sector firms, were 33.3% lower than a year ago. | Photo Credit: Getty Images/iStockphoto Signalling a moderation in the economy’s growth momentum, India’s real GDP rose 6.7% in the April to…
Read More “At 6.7%, growth slid to five-quarter low in Q1” »
Congress president Mallikarjun Kharge. File | Photo Credit: ANI Congress president Mallikarjun Kharge on July 12 said that Prime Minister Narendra Modi “used PR” to keep the government away from basic issues but people were now demanding accountability after the June Lok Sabha poll results. Mr. Kharge took a swipe at the Prime Minister, saying…
Solar panels in the Pavagada Solar Park, Karnataka. | Photo Credit: Getty Images Modern economic growth and rising demand for goods at relatively lower prices have led to inevitable exploitation of nature, and consequent climate change. There is no denying that unfettered capitalism has contributed to over extraction of natural resources and increasing emission of…
Read More “Room for optimism: review of Akshay Rathi’s Climate Capitalism” »