Category: Economy

Fiscal deficit in April constitutes 12.5% of the FY25 goal; RBI’s significant dividend offers fiscal flexibility. India’s fiscal deficit for the previous financial year was reported at 5.6% of the GDP, which is lower than the revised estimate of 5.8%, attributed to higher-than-expected revenue and reduced spending. The initial budget estimate for FY24 was set […]

April’s core sector output has seen a notable rise of 6.2%, up from 6% in March, primarily driven by significant growth in the natural gas, refinery products, coal, steel, and electricity sectors. This increase, as reported by the commerce ministry, is partly attributed to the low base effect, considering the core sector’s growth was at […]

The demand for investments has hit the lowest mark in the past four quarters, and consumer spending continues to be lackluster. The proportion of private final consumption expenditure (PFCE) to nominal GDP slightly decreased to 57.9% in the March quarter from 58.2% in the previous year. Despite the central government’s significant capital expenditure efforts, the […]

As Borussia Dortmund gears up for the ultimate test in Saturday’s Champions League final, they face a Real Madrid team brimming with stars and the anticipation of claiming their 15th European championship at Wembley. The Spanish behemoths, with an unmatched record in the competition, are the top contenders, facing a Dortmund team that has defied […]

S&P Global Ratings raised India’s sovereign rating outlook to ‘positive’ from ‘stable’ while retaining the rating at ‘BBB-’, saying that the country’s robust economic expansion was having a constructive impact on its credit metrics and growth momentum over the next two to three years. India’s marathon national election lasting six weeks to be counted on […]

The income tax department has notified the cost inflation index (CII) for FY25, relevant to assessment year 2025-26, at 363, which is higher than 348 for FY24, and 331 for FY23. The CII is a tool used to measure inflation for computing long-term capital gains on the sale of assets, including immovable property, securities and […]

The commerce ministry has prepared a draft comprehensive strategy for negotiating future Free Trade Agreements (FTAs) and it will be circulated to certain key departments soon to get their feedback, an official said. The draft strategy in the form of a Standard Operating Procedure (SOP) was recently discussed in a meeting involving former commerce secretaries, […]

India’s digital economy is growing at 2.8% per annum and is expected to reach $1 trillion by 2027-28. The IT Minister said that the value of the India AI mission will be doubled to Rs 20,000 crore from Rs 10,000 crore. The Government earlier expected India to reach the $1 trillion-mark by 2026-27 but the target has been […]

India has signed a historic agreement with Iran to develop the Chabahar Port. Under this agreement, India will invest $120 million in the development and operation of the Shahid Beheshti Terminal at Chabahar Port, along with $250 million to be sourced through debt financing.  On May 13, India and Iran signed this agreement through India […]