Economy News

PMKSY cold chain scheme cuts wastages in vegetables, dairy, fisheries

PMKSY cold chain scheme cuts wastages in vegetables, dairy, fisheries

The Integrated Cold Chain and Value Addition Infrastructure Scheme of the Ministry of Food Processing Industries has resulted in a significant reduction in wastages in vegetables, dairy and fisheries sectors, apart from some benefits in other sectors as well, according to a NABARD study. Feb 10, 2025
PLI scheme buoys manufacturing sector, turns it into growth driver

PLI success, robust exports, job growth: BJP busts Congress claim on manufacturing sector

Slamming the Congress Party's claim on slow manufacturing sector growth under the NDA regime, the BJP has said that it is actually the other way round and from 2009 to 2014, the average growth rate of the manufacturing sector was at a meagre 5.6 per cent and the sector even backtracked in 2013-14, declining by 0.7 per cent as compared to 2012-13. Feb 8, 2025
RBI gives go-ahead for forward contracts in Govt securities

RBI defers rollout of LCR norms by a year in big relief to banks

In a big relief for banks, RBI Governor Sanjay Malhotra announced on Friday that the implementation of the proposed Liquidity Coverage Ratio (LCR), as well as project financing norms, will be deferred by a year and will not be implemented before March 31, 2026. Feb 7, 2025
RBI likely to cut repo rate by 25 basis points for 1st time in 5 years

RBI likely to cut repo rate by 25 basis points for 1st time in 5 years

The Reserve Bank of India (RBI), in all likelihood, is set to cut the repo rate by 25 basis points for the first time in almost five years, aligning with the Budget's objectives of stimulating economic activity while managing a prudent fiscal position, which provides comfort on currency and inflation fronts, industry experts said on Wednesday. Feb 5, 2025
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