Economy News

India's GDP Grows At 8.4% In Q3; Economy To Expand At 7.6% In FY24: Govt Data

India's GDP Grows At 8.4% In Q3; Economy To Expand At 7.6% In FY24: Govt Data

This growth forecast surpasses the revised estimate of 7 percent growth for the previous fiscal year, FY23.

Feb 29, 2024, 17:45 PM IST
Fiscal Deficit At Jan-End Touches 63.6% Of Full-Year Target: Govt Data

Fiscal Deficit At Jan-End Touches 63.6% Of Full-Year Target: Govt Data

This comprised Rs 18.8 lakh crore of tax revenue (net), Rs 3.38 lakh crore of non-tax revenue, and Rs 34,219 crore of non-debt capital receipts.

Feb 29, 2024, 17:42 PM IST
India's Core Sector Growth Slows To 15 Month Low Of 3.6% In January

India's Core Sector Growth Slows To 15 Month Low Of 3.6% In January

The growth of eight core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.9 per cent in December.

Feb 29, 2024, 17:25 PM IST
PM Surya Ghar Muft Bijli Yojana With Outlay Of Rs 75,021 Crores Gets Cabinet Approval

PM Surya Ghar Muft Bijli Yojana With Outlay Of Rs 75,021 Crores Gets Cabinet Approval

PM-Surya Ghar: Muft Bijli Yojana for installing rooftop solar aims to provide free electricity up to 300 units every month for One Crore households. 

Feb 29, 2024, 16:19 PM IST
How India Thwarted Thailand's Bid To Entangle India's Rice Export Policy

How India Thwarted Thailand's Bid To Entangle India's Rice Export Policy

The ongoing WTO ministerial meeting took turns for the ugly path when Thai Ambassador to WTO, Pimchanok Pitfield reportedly made ‘offensive’ remarks on India's rice export.

Feb 29, 2024, 13:15 PM IST

India's Top 7 Apple Producing States 2020-21

Check out the list of India's Top 7 Apple Producing States 2020-21. Source: Horticulture Statistics Division, Department of Agriculture & Farmers Welfare

Feb 28, 2024, 13:18 PM IST
GDP To Grow 6.7-6.9% In Third Quarter Of FY24: SBI

GDP To Grow 6.7-6.9% In Third Quarter Of FY24: SBI

The SBI report has said that Corporate India has continued its robust performance buoyed by incrementally accelerating consumption patterns across urban-rural landscape. 

Feb 28, 2024, 12:11 PM IST
Startup Mahakumbh Is Reflective Of India's Growth Story: Piyush Goyal

Startup Mahakumbh Is Reflective Of India's Growth Story: Piyush Goyal

The Minister expressed hope that the Startup Mahakumbh will involve students and the youth across the country with a bent of entrepreneurship, innovation and a spirit of inquiry. 

Feb 27, 2024, 18:49 PM IST
Kapda, Roti, Makaan! Fashion Expert Explains Rise In Consumer Spending More On Clothing Than On Food

Kapda, Roti, Makaan! Fashion Expert Explains Rise In Consumer Spending More On Clothing Than On Food

Fashion expert Sakshi Nag has explained the phenomenon behind the rise of consumer spending on discretionary items like clothing.

Feb 27, 2024, 14:35 PM IST
EXPLAINER: National Multidimensional Poverty Index --How Niti Ayog Uses MPI To Measure Poverty In India

EXPLAINER: National Multidimensional Poverty Index --How Niti Ayog Uses MPI To Measure Poverty In India

Over time, both NITI Aayog and its predecessor, the Planning Commission, have methodically produced estimates of poverty in their efforts to address the complexities of poverty. 

Feb 26, 2024, 11:28 AM IST
Impact Of Rs 2,000 Notes Withdrawal: Currency-In-Circulation Growth Dips To 3.7% In Feb

Impact Of Rs 2,000 Notes Withdrawal: Currency-In-Circulation Growth Dips To 3.7% In Feb

The total value of Rs 2,000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs 2,000 banknotes was announced.

Feb 25, 2024, 13:10 PM IST
Forex Reserves Decline USD 5.24 Bn To USD 617.23 Bn

Forex Reserves Decline USD 5.24 Bn To USD 617.23 Bn

The forex kitty stood at USD 622.5 billion for the week ended February 2.

Feb 23, 2024, 19:47 PM IST
Timeline For Getting New Electricity Connections To Be Reduced; Govt Okays Amendments To Electricity Rules 2020

Timeline For Getting New Electricity Connections To Be Reduced; Govt Okays Amendments To Electricity Rules 2020

The time period for obtaining a new electricity connection under the Rules has been reduced from seven days to three days in metropolitan areas, from fifteen days to seven days in other municipal

Feb 23, 2024, 14:28 PM IST
Government Permits Traders To Export 54,760 Tonnes Of Onion To 4 Countries

Government Permits Traders To Export 54,760 Tonnes Of Onion To 4 Countries

The ban was imposed on December 8, 2023, in order to boost the domestic supply and check price rise. 

Feb 22, 2024, 18:38 PM IST
Cabinet Okays 8% Hike In Sugarcane Price, Move To Benefit 5 Cr Farmers

Cabinet Okays 8% Hike In Sugarcane Price, Move To Benefit 5 Cr Farmers

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the Fair and Remunerative Price (FRP) of sugarcane for Sugar Season 2024-25 at Rs 340/quintal at sugar

Feb 22, 2024, 12:52 PM IST
Cabinet Gives Nod For 100% FDI In Space Sector

Cabinet Gives Nod For 100% FDI In Space Sector

The FDI policy reform will enhance Ease of Doing Business in the country, leading to greater FDI inflows and thereby contributing to growth of investment, income and employment, said the Cabinet note

Feb 22, 2024, 12:36 PM IST
Govt Plans For Simplification, Digitalisation Of KYC Process

Govt Plans For Simplification, Digitalisation Of KYC Process

The FSDC also took note of the activities undertaken by the FSDC Sub-Committee chaired by the Governor, RBI, and the action taken by members on the previous decisions of the FSDC.

Feb 21, 2024, 17:44 PM IST
Onion Export Ban To Continue Till Mar 31: Govt

Onion Export Ban To Continue Till Mar 31: Govt

In the 2023 rabi season, onion production was estimated to be at 22.7 million tonnes.

Feb 20, 2024, 15:18 PM IST
Sudden Onion Price Hike Leaves Consumers In Tears; Rates Up 40%

Sudden Onion Price Hike Leaves Consumers In Tears; Rates Up 40%

Days after soaring garlic prices threw the kitchen budget into total disarray, the retail prices of onion seems to be now burning a hole in the common man’s pocket.

Feb 20, 2024, 10:47 AM IST
Government Official States No Plans To Reduce Import Duty On Rubber

Government Official States No Plans To Reduce Import Duty On Rubber

The country has more than 1.3 million rubber growers, with Kerala being a significant contributor to production, which totaled 8.39 lakh tonnes in the 2022-23 fiscal year.

Feb 19, 2024, 19:22 PM IST