Economy News

UK economy rebounds in October; lengthy recession still looms [details]

The British economy is estimated to have grown by 0.5 per cent between September and October, statistics showed, but a lengthy recession is still expected in the UK.

Dec 13, 2022

UK trade secretary in Delhi to resume FTA negotiations

After a gap of five months, the India-United Kingdom free trade agreement (FTA) negotiations are set to resume, as UK's Trade Secretary Kemi Badenoch arrives in India on Monday to hold talks with Commerce Minister Piyush Goyal

Dec 12, 2022

Next Fed rate hike will amplify recession: Elon Musk

Twitter CEO Elon Musk on Saturday said that the next US Federal Reserve rate hike will amplify the recession

Dec 10, 2022

India's growth to depend on fiscal management, says Uday Kotak

India's performance in terms of absolute GDP, per capita income and current account as well as fiscal management will accentuate its growth, Uday Kotak, Managing Director of Kotak Mahindra Bank, said on Thursday

Dec 9, 2022

Sitharaman to present statement on demands for grants for current fiscal in LS [details]

Union Finance Minister Nirmala Sitharaman will present a statement in the Lok Sabha on Friday showing first batch of supplementary demands for grants for the current fiscal

Dec 9, 2022

RBI hikes repo rate by 35 basis points to 6.25%, expects inflation to remain high

Reserve Bank of India Governor Shaktikanta Das announced 35 basis points rake hike in its bi-monthly monetary policy meeting today. The rate hike was primarily aligned with market expectations of a 25-35 basis points hike. The repo rate now stands at 6.25% from 5.90%.

Dec 7, 2022

Demonetisation: 'Can't fold hands and sit because it's an economic policy', says Supreme Court

RBI counsel said being an economic policy measure, the Supreme Court will not review the decision.

Dec 7, 2022

India deepens trade ties with Australia; exporters gear up, excited for "dawn of new era" [In-depth]

India and Australia signed Economic Cooperation and Trade Agreement (ECTA) on 2nd April 2022 and committed to producing conducive results by the end of the year. Commerce and industry minister Piyush Goyal described the implementation of the free trade pact as "the dawn of a whole new era."

Dec 5, 2022

RBI's MPC meeting this week: Takeaways can be more than repo rate hike

Apart from the decision on the repo rate hike by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) at its upcoming meeting, one can also expect few more things post the discussions.

Dec 5, 2022

Economist Bibek Debroy's other side: Scholarly works and many awards

He is only the second person to have translated both the Mahabharata and the Ramayana, in unabridged form, into English, reveals Rahul Mittra

Dec 1, 2022

Budget 2023-24: Finance Minister to begin pre-budget consultations from today

Finance Minister Nirmala Sitharaman will hold consultations with the industry captains and experts on infrastructure

Nov 21, 2022

Economy: Happy days now, but challenging times ahead for public sector banks

Arbitrage between the lending and deposit rates, higher credit demand, and lower loan provisions resulted in public sector banks (PSB) posting handsome profits during Q2FY23 and H1FY23, say experts.

Nov 19, 2022

Amid FTX collapse, another crypto exchange suspends withdrawals

Hong Kong-based crypto exchange AAX has suspended withdrawals, citing the "failure of our third-party partner", which caused some users' balance data to be improperly recorded while scheduling a system upgrade.

Nov 14, 2022

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Moody's lowers India's growth forecast to 4.8% in 2023

Rating agency Moody's cut 2022 gross domestic product (GDP) projections for India to 7 per cent and projected 2023 at 4.8 per cent.

Nov 12, 2022

Global Investors Meet 2022 paved way for Rs 9.82 lakh cr investment in Karnataka: CM Bommai

Karnataka Chief Minister Basavaraj Bommai announced at the concluding ceremony of the 3-day Global Investors Meet (GIM) in Bengaluru that "investments totaling about Rs 9.82 lakh have been committed in diverse sectors in the state." Bommai thanked the participants in the event and investors.

Nov 5, 2022

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