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The Indian economy grew 7.8 per cent in the April-June quarter of current fiscal on strong services sector activity and robust demand
Updated : Sep 14, 2023

Fitch retains India's FY24 growth forecast at 6.3 pc flags inflation risks

The Indian economy grew 7.8 per cent in the April-June quarter of current fiscal on strong services sector activity and robust demand.

'New Delhi Declaration' at G20 made G7, BRICS look like sideshows: Economist Jim O’Neill
Updated : Sep 14, 2023

'New Delhi Declaration' at G20 Summit made G7, BRICS look like sideshows: Economist Jim O’Neill

PM Modi now looks more like a 'visionary statesman' than Chinese President Xi Jinping, says the economist who coined BRIC

Delhi's overall inflation was less than half of the national number in August
Updated : Sep 14, 2023

At 3.1%, Delhi records lowest retail inflation in all Indian states/UTs in August

Delhi's overall inflation was less than half of the national number, which came in at 6.83 per cent in August, slightly lower from 7.44 per cent in July but still above the central bank's tolerance level of 2-6 per cent.

Eminent historian William Dalrymple explains new India-Middle East-Europe Economic Corridor (IMEEC)
Updated : Sep 14, 2023

'India's ancient trade route more important than Silk Road ever was': William Dalrymple hails India-Middle East-Europe Economic Corridor

Dalrymple, whose new book 'The Golden Road' will be released in 2024, said the Silk Road was coined in the 19th century by German geographer Ferdinand von Richthofen and it only came into the English language in the 1930s and really became popular in the last 20-25 years.

India will have to thoroughly evaluate recommendations of IMF-FSB Paper before deciding its stance on cryptocurrencies
Updated : Sep 14, 2023

Work underway on few more G20 Finance Track deliverables, to be taken up in Oct: DEA Secy

India will have to thoroughly evaluate recommendations of IMF-FSB Paper before deciding its stance on cryptocurrencies

The dollar index was at 104.78, roughly at the same level it was prior to the US inflation data
Updated : Sep 14, 2023

Indian rupee to not react much to above expectations US inflation

Non-deliverable forwards indicate the rupee will open around the same level as its previous close of 82.9850

IFSCA forms a committee to suggest rules for asset tokenisation
Updated : Sep 14, 2023

IFSCA forms a committee to suggest rules for asset tokenisation

The latest move by the International Financial Services Centres Authority (IFSCA) assumes significance since it is the first major step by any regulator to frame regulations for tokenisation of real and physical assets

India started levying a customs duty of 40 per cent on solar modules and 25 per cent on solar cells from April 2022.
Updated : Sep 14, 2023

India slashes solar imports from China as domestic manufacturing thrives

This strategic shift, coupled with the imposition of tariffs, underscores India’s determination to minimise dependency on imports and prioritise the development of its domestic manufacturing capacity.

The Union government had allocated a budget of Rs 7,000 crore for the project in this year’s Union budget.
Updated : Sep 13, 2023

Union Cabinet commences Phase 3 of e-courts project, Rs 7,210 crore budget allocated

The project for digital upgradation of the courts across the country began in 2005 with the aim to equip the Indian judiciary with information and communication technology.

As of March 1, there were 9.59 crore Ujjwala beneficiaries in the country.
Updated : Sep 13, 2023

75 lakh Ujjwala beneficiaries to get free LPG connections till 2026 at cost of Rs 1,650 cr: Govt

In August, the Union Cabinet approved Rs 200 subsidy on LPG cylinders with an additional Rs 200 subsidy under the Ujjwala Scheme.

The Government of India finalised a deal with Airbus to procure 56 C-295 aircrafts in September 2021 for a total cost of Rs 21,935 crore.
Updated : Sep 13, 2023

IAF to receive first C-295 aircraft from Spain today: Know its specifications, warfare systems, and more

C-295 aircraft in India: The aircraft is expected to land at the Hindon air base in Uttar Pradesh in coming weeks

Pulses, cereals and spices continue to see spike in prices
Updated : Sep 13, 2023

Here’s why food inflation may remain sticky

Pulses, cereals and spices continue to see spike in prices

As per the RBI data, the US brought in Rs 8.58 lakh crore ($103 billion) FDI in FY23 as against Rs 8.05 lakh crore in the previous fiscal.
Updated : Sep 13, 2023

US tops India's FDI sources in FY23, Mauritius, UK next in line: RBI census data

In terms of outward direct investment, Singapore was the largest beneficiary with the country getting Rs 2.03 lakh crore in FY23.

India’s urban CPI slowed to 6.59 per cent from 7.20 per cent in July.
Updated : Sep 12, 2023

India's retail inflation eases to 6.83% in August; IIP grows at 5.7% in July

This is the fourth instance of the consumer price index (CPI) was above the upper limit of the 4+/- 2 per cent band of RBI’s medium-term inflation target.

Nitin Gadkari says he plans 10% additional tax on diesel cars
Updated : Sep 12, 2023

'No such proposal': Nitin Gadkari dismisses reports of 10% additional tax on diesel-engine vehicles

63rd SIAM Annual Convention: Nitin Gadkari said that he plans to make this proposal to Finance Minister Sitharaman later in the day.

The MoU also paves the way for greater cooperation between energy sector companies in India and Saudi Arabia
Updated : Sep 11, 2023

India, Saudi Arabia close historic agreement on enhanced cooperation in energy sector

The MoU is expected to result in enhanced ties between the two countries in renewable energy, energy efficiency, hydrogen, electricity and grid interconnections, petroleum, natural gas, strategic petroleum reserves and energy security

Delhi beautification to continue after G20 Summit 2023
Updated : Sep 11, 2023

‘Beautification process will continue’: Delhi govt promises Delhiites; thanks them for cooperating during G20 Summit

G20 Summit: "We want to congratulate the 2 crore people of Delhi for their cooperation in making the G20 Summit successful. It was with their money collected through taxes that we could beautify Delhi," Bharadwaj said.

Modi, Mohd Bin Salman meet for India-Saudi Arabia bilateral talks
Updated : Sep 11, 2023

PM Modi, Mohammed Bin Salman hold bilateral talks; Saudi Crown Prince accorded ceremonial reception at Rashtrapati Bhavan

PM Modi-Saudi Crown Prince meet for bilateral talks: Saudi Arabia is one of India’s key strategic partners in the Middle East and the overall relations between the two countries have only seen an upward trajectory.

The strike was called to protest against a state government scheme that allows free transport of women in non-premium government buses.
Updated : Sep 11, 2023

Transport strike hits India's Silicon Valley

Uber and Ola spokespeople asked for more time to assess the impact of the strike and shed light on the exact number of taxis that were not plying in the city, which is notorious for its traffic jams.

The central bank picked nine banks for its pilot project for wholesale CBDC
Updated : Sep 11, 2023

RBI likely to launch CBDC pilot in call money market by October

In 2022, the RBI floated digital Rupee, India’s very own CBDC, and an electronic form of sovereign currency. 

The app’s popularity has grown significantly, with downloads increasing from 230,000 in 2021-22 to 1.24 million in the current fiscal year.
Updated : Sep 08, 2023

Government expands mandatory gold hallmarking to 55 new districts in third phase

Districts selected based on establishment of hallmarking centres; expansion takes the total number of districts covered to 343

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