india economy

New Delhi, March 13 – India and the US remain engaged in discussions for a mutually beneficial bilateral trade agreement, the commerce ministry said on Friday.The chief negotiators of the two countries were scheduled to meet last month in Washington to finalize the legal text for the first...

Mumbai, March 13 The rupee trimmed some losses and closed the session 5 paise lower at a fresh record low of 92.30 against the US dollar on Friday, with crude oil prices stabilizing around USD 100/barrel, even as global sentiment remained volatile due to the West Asia crisis.A strengthening US...

New Delhi, March 13 Fitch Ratings on Friday raised India's GDP growth forecast for the current fiscal and the next to 7.5 per cent and 6.7 per cent, and projected the average global crude oil price to be USD 70/barrel in 2026.Fitch had, in December, projected India's GDP growth for the current...

Union Finance Minister Nirmala Sitharaman stated that the government has strengthened the overall macroeconomic framework, which has enabled the nation to absorb economic shocks of various kinds without deviating from the fiscal consolidation roadmap. Responding to the Discussion on...

New Delhi, March 13 Fitch Ratings on Friday marginally raised India's GDP growth forecast to 7.5 per cent for the current fiscal, citing strong domestic demand as the primary growth driver.In December, Fitch had projected India's GDP growth at 7.4 per cent for the current fiscal.For the next...

New Delhi, March 13 The Lok Sabha passed the second batch of supplementary demands for grants on Friday, allowing the government to spend an additional ₹2.01 lakh crore in the current fiscal year.Through the second batch of supplementary demands, the government sought approval from the Lok...

New Delhi, March 13 Trinamool Congress MP Derek O'Brien criticized the BJP-led government at the center on Friday, saying that while it has created the best slogans, the reality is that it has failed to achieve tangible results.He pointed out that despite creating big slogans, India continues...

Mumbai, March 13 The rupee hit a fresh all-time intra-day low of 92.44 against the US dollar on Friday, down 19 paise from its previous close, as rising global crude oil prices amid the ongoing conflict in West Asia kept international markets on edge.A stronger US dollar, heavy outflows by...

Mumbai, March 12 Maharashtra is set to play a major role in India's vision of achieving a USD 5 trillion economy by FY27, and expects to contribute USD 1.5 trillion to the country's GDP, Deputy Chief Minister Eknath Shinde said on Thursday.Maharashtra continues to be the country's leading...

New Delhi, March 12 Leader of the Opposition Rahul Gandhi on Thursday alleged that India's energy security has been "compromised" due to a "flawed" foreign policy, and that the government has "bartered" the right to determine relationships with different oil suppliers to the US.Raising the...

Kolkata, March 12 – The Trinamool Congress strongly criticised the sudden increase in the price of cooking gas in the country on Thursday, linking the development to the US-Iran conflict in West Asia.At a press conference held at Trinamool Bhavan in Kolkata, state minister Chandrima...

New Delhi, March 12 Asserting that the foundation of every nation is its energy security, Leader of the Opposition Rahul Gandhi on Thursday alleged that the government has "traded" India's right to determine its relationships with different oil suppliers to the US in exchange for a "compromise"...

New Delhi, March 12 BJP MP Jagdambika Pal said on Thursday that the Modi government has shown foresight in proposing a Rs 1 lakh crore Economic Stabilisation Fund, which will act as a shield against future shocks.Participating in a discussion on the second batch of Supplementary Demands for...

New Delhi, March 12 – Leader of the Opposition in the Lok Sabha, Rahul Gandhi, expressed concern over India’s energy security on Thursday, warning that the country could face serious challenges in the near future if adequate preparations are not made. He said "flawed" foreign policy decisions...

Bengaluru, March 12 – Karnataka BJP State President B.Y. Vijayendra criticised Congress leaders on Thursday for protesting against the recent increase in LPG and petrol prices, arguing that the situation was not comparable to the period when the party was in power at the Centre.In a statement...

New Delhi, March 12 Alleging that India's energy security has been compromised due to a "flawed" foreign policy, Congress leader Rahul Gandhi said on Thursday that Prime Minister Narendra Modi and his government must prepare in advance. If not, crores will suffer in the future, he said amid...

Kolkata, March 11 West Bengal Chief Minister Mamata Banerjee on Wednesday criticised the Centre for the shortage of LPG supply, accusing it of failing to ensure adequate reserves of cooking gas and petroleum products amid a nationwide shortage due to the West Asia crisis.Speaking to a Bengali...

New Delhi, March 11 Indian oil marketing companies (OMCs) and GAIL (India) Limited could face cash flow pressures if disruptions linked to tensions involving Iran persist, particularly if the Strait of Hormuz remains closed or oil prices stay elevated for an extended period, according to Fitch...

Mumbai, March 11 Foreign portfolio investors' (FPI) investments in Fully Accessible Route (FAR) government securities have declined by about Rs 4,634 crore since the start of the Middle East conflict, reflecting growing caution among overseas investors amid rising crude oil prices, a weakening...

New Delhi, March 10 Mukesh Ambani's Reliance Industries, a billionaire-owned company, announced on Tuesday that its massive Jamnagar oil refining complex would maximize the production of cooking gas (LPG), while gas extracted from the KG-D6 fields in the Bay of Bengal would be diverted to...