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Updated: 45 min 54 sec ago
Containing fiscal deficit at 5.9%: Low nominal GDP growth a challenge
The Budget had assumed nominal GDP to grow 10.5 per cent during 2023-24, but advance estimates have projected it to expand by just 8.9 per cent
Govt capex leads investment growth, 'skewed consumption' a worry
Sunil Kumar Sinha, principal economist, India Ratings says that a robust growth in GFCF reflects the sustained focus of the government on capital expenditure
Indian economy to grow 7.3% in FY24: Govt's first advance estimates
Construction, manufacturing likely major drivers, weak consumption growth among key concerns
The Red Sea conflict: Agri, textile exporters hold back shipments
The cost of freight and insurance has risen due to ships being compelled to avoid the region and take a longer route around the Cape of Good Hope
PFRDA seeks tax parity for NPS contributions with PF contributions
The aspiration is to take it to 14 per cent over the period to encourage wider acceptance of pension
Govt says pulses area marginally less so far on late kharif harvest
Wheat sowing almost ends with acreage of 33.17 million hectares in 2023-24
Agri growth pegged at 7-year low of 1.8% in FY24 due to poor Kharif harvest
However, some experts said the GVA numbers could stand to be revised as the initial estimates are based on extrapolation of figures for five-six months and a final picture will emerge only around Feb
Gold prices slip after pressure from stronger US dollar, treasury yields
Spot gold was down 0.2 per cent to $2,038.49 per ounce as of 1223 GMT. U.S. gold futures fell 0.2 per cent to $2,045.40
Indian medtech industry urges govt action to reduce import dependency
According to the Global Trade Research Initiative (GTRI) report from August 2023, the Indian medical devices industry has the potential to expand from $12 billion today to $50 billion by 2030
USOF may be enlarged and used to boost telecom equipment manufacturing
Live since October 2022, the TTDF aims to fund R&D in rural-specific communications technology applications and develop the telecom ecosystem