india economy

New Delhi, April 6 Several companies, including Vedanta and Hindustan Zinc Limited, are likely to participate in a pre-bid conference for the Rs 7,280-crore scheme to promote the manufacturing of sintered rare earth permanent magnets, announced by the Heavy Industries Ministry on Tuesday...

New Delhi, April 6 The National Statistics Office (NSO) announced on Monday the launch of the first-ever Annual Survey of Incorporated Services Sector Enterprises, with its first reference period of 2024-25.According to an official statement, the NSO, under the Ministry of Statistics and...

New Delhi, April 6 India's services sector growth momentum slowed to the softest pace in 14 months in March, mirroring the slowdown in new business intakes, a monthly survey said on Monday.The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 58.1 in February to...

April 06, New Delhi: The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting is scheduled to begin on Monday, with investors and economists closely monitoring for signals regarding interest rates and inflation outlook.The meeting is taking place amid heightened global uncertainty...

Mumbai, April 5 The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists.The continuing geopolitical tensions in West Asia...

New Delhi, April 5 Foreign investors continued to exit Indian equities, withdrawing ₹19,837 crore (USD 2.1 billion) in the first two trading sessions of April, weighed down by the West Asia conflict, rising crude oil prices, and persistent rupee depreciation.This followed a record withdrawal...

India's seafood exports have shown strong and consistent growth, expanding at an average annual rate of seven percent over the past eleven years. The Ministry of Fisheries, Animal Husbandry and Dairying stated that marine product exports have more than doubled during this period, increasing from...

New Delhi, April 2 Indian businesses said on Thursday that the government's move to exempt the import of critical petrochemical products from customs duty for three months until June 30 is a timely response to supply chain disruptions arising from the West Asia conflict, which will provide...

Mumbai, April 2 The rupee logged one of its steepest single-day gains in many years and closed 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets.The domestic unit, however...

New Delhi, April 1 The opposition in the Rajya Sabha criticized the government on Wednesday for frequent amendments to the Insolvency and Bankruptcy Code, significant haircuts, alleged favoritism towards large corporate defaulters, and ongoing infrastructure issues at the NCLT, along with...

New Delhi, April 1 The Rajya Sabha passed a resolution on Wednesday to impose additional excise duty on Aviation Turbine Fuel (ATF), also known as jet fuel.The resolution was moved in the House by Minister of State for Finance, Pankaj Chaudhary, shortly after the session resumed after lunch...

New Delhi, April 1 – The government has announced limited duty concessions for special economic zones (SEZs) for one year to help manufacturing units within these zones, which are facing weak global demand, sell their goods in the domestic market.This measure will take effect from April 1 and...

New Delhi, April 1 India Ratings and Research (Ind-Ra) said on Wednesday that the corporate credit profile has remained strong for the fifth consecutive year in 2025-26, supported by domestic policy measures and favorable macroeconomic conditions.Disruptions related to tariffs were largely...

New Delhi, April 1 The Congress launched a scathing attack on the government on Wednesday over the rising prices of certain essential commodities, alleging that the Modi government has "completely destroyed" the country's strategic and economic policies.Congress president Mallikarjun Kharge...

Bangalore, March 31 Karnataka Chief Minister Siddaramaiah criticised BJP state president B Y Vijayendra’s demand for a “white paper” on the state’s finances, calling it a reflection of his poor understanding of economics and political maturity.He stated that the allegation that the state is...

Tharad (Gujarat), March 31 Prime Minister Narendra Modi said that while the world is facing war, unrest, and rising fuel prices, India has managed the situation effectively due to its strong foreign policy and the unity of its people.He accused the Congress of trying to create panic so that...

Lucknow, March 31 Samajwadi Party president Akhilesh Yadav said on Monday that there is a fierce competition between the rupee and the BJP's image to fall lower.The leader of the third-largest party in the Lok Sabha also said that as cases of alleged corruption and misconduct involving BJP...

New Delhi, March 30 ICRA said on Monday that it estimates India's GDP growth to moderate to 6.5 per cent in 2026-27, from 7.6 per cent in the current fiscal year, due to the adverse impact of high energy prices and concerns about energy availability amid the West Asia conflict.The growth...

Electronics and IT Minister Ashwini Vaishnaw handed over approvals to companies under the Electronics Component Manufacturing Scheme (ECMS) in New Delhi today. A total of 29 applications have been approved, with an investment of over seven hundred and one crore rupees. This is expected to create...

New Delhi, March 30 The Centre's fiscal deficit stood at Rs 12.52 lakh crore at the end of February, or 80.4 per cent of the annual budget target for 2025-26, compared to 85.8 per cent in the previous year, according to government data released on Monday.The central government estimates the...