Tag: Economy

“Structural reforms by PM Modi govt strengthened the economy, enabled it to withstand effects of pandemic”

To mark the occasion on the completion of nine years in office, the Bharatiya Janata Party (BJP)'s government came out with a nine-year big book 9 years of Seva, Sushasan Garib Kalyan on Saturday.

May 28, 2023

Wheels India net profit drops 11 pc to Rs 24.8 crore in fourth quarter

The Board of Wheels India has recommended a final dividend of Rs 3.97 per share.

May 18, 2023

Glorious India~II

Even after the decline of the golden period of the Gupta empire, great works of art, architecture and culture continued to flourish at four corners of India from the sixth century till the thirteenth century when invaders consolidated their rule on the holy land and stopped the festival of indigenous arts and cultural activities

May 1, 2023

Moment of Reckoning

In post-Covid times, the Fed embarked on a most aggressive and irresponsible monetary policy of hiking interest rates, leading to predictable financial instability all over. All other countries including India have been blindly following its prescriptions even when interest rate hikes were clearly failing to arrest inflation

March 29, 2023

Daring to Dream 

Indian industry saw progressive liberalisation and removal of bottlenecks after 2014, beginning with increasing the cap in the defence sector, first from 26 per cent to 49 per cent under the approval route, and then to 74 per cent under the automatic route and 100 per cent under the approval route. All brownfield projects now allow 75 per cent FDI under the automatic route and 100 per cent by the approval route  

March 14, 2023

India to become third-largest economy in 4-5 years: Piyush Goyal

"We believe India not only is the fastest growing large economy, we will continue to be so for many decades to come," Goyal said while addressing the Asia Economic Dialogue in Pune.

February 26, 2023

Pakistan’s culture of exemptions

With successive civilian and military governments living beyond their means, unwilling to mobilise domestic resources and averse to economic reform, that fact alone contributed to miring Pakistan in perpetual financial crisis, with virtually every government in the past five decades leaving the economy in much worse shape for its successors to manage.

February 21, 2023

Focus on bamboo crafts for revamp of Odisha’s economy

Bamboo, which is an inseparable part of rural livelihood in the state, has immense potential to revamp the rural economy, according to experts.

February 20, 2023

Rule of the rich in Pakistan 

Global credit rating agencies have just downgraded Pakistan to CCC-. Inflation is projected at 33 per cent through the first half of the fiscal year. Neither the government nor the IMF concerns itself with publishing unemployment figures these days

February 18, 2023

Australian economy stays strong despite employment fall: Treasurer

Australian Treasurer Jim Chalmers on Thursday said the country's economy is in a strong position despite a surprise fall in jobs.

January 19, 2023

Pak rupees hit new low vs USD, slides to Rs 227.88 a dollar

The fresh drop came after the government failed to make any headway in its talks with the International Monetary Fund (IMF) for the revival of its stalled USD 6.5 billion loan programme.

January 11, 2023

SL economy to recover gradually in second half of 2023: Central bank

The Central Bank of Sri Lanka said that the country's economy plagued by the worst-ever crisis since independence that has plagued the island nation since early 2022, is expected to recover gradually from the second half of this year.

January 5, 2023

Rupee fared relatively well versus other emerging market currencies, says World Bank

Currently, Rupee is trading around 82.0 against the US Dollar as against a record low of 83 it breached in mid-October.

December 6, 2022

India clocks 129 deals at $2.1 bn in Oct, 77% YoY decline in value

When compared to September, the deal volumes witnessed an 11 per cent decline while values decreased by 49 per cent due to the absence of big-ticket transactions, according to Grant Thornton Bharat's Dealtracker October 2022 report.

November 22, 2022

RBI Governor-headed committee reviews global, domestic economic situation

Major developments in the global and domestic economy as well as in various segments of the financial system were reviewed.

November 16, 2022

Narcotic substances impact the country’s economy, says Karnataka HC

A bench, headed by Justice Rajendra Badamikar, said that drug cartels target the young generation and casts a bad spell on the whole society.

November 15, 2022

India emerging as bright spot in world’s economy, says Union Minister Piyush Goyal

Earlier on Sunday, Piyush Goyal talked about the importance of campus becoming an incubator for startups and entrepreneurship.

November 15, 2022