Economy

MUMBAI: The country’s forex reserves, a key monetary defence against external risks, have rallied by a whopping $10 billion to touch an all-time high of $666.85 billion as of the week ending July 12, boosted by the heavy inflow into…

New Delhi: India is likely to cut the floor price for basmati rice exports and replace the 20% export tax on parboiled rice with a fixed duty on overseas shipments, government sources said, as rice inventories in the country jumped a record…

In 2025-26, the IMF expects growth to slow to 6.5%, the same as what was projected in its April review.

Jairam Ramesh pointed out that corporate tax rates were slashed on September 20, 2019, with the hope of triggering a private investment boom. Instead, he noted, private investment has collapsed.

The proposed amendment would require manufacturers, packers, and importers to provide comprehensive labelling on all pre-packaged goods intended for retail sale, regardless of quantity.

India remains a critical market for deploying private equity capital, accounting for at least 22 per cent of the total inflows into Asia Pacific in the first half of 2024.

India is to overtake the US in terms of purchasing power parity by 2048 to become the second-largest economy of the world.

Thanks to the rather generous dividend from the RBI and higher-than-budgeted tax collections, Sitharaman might as well indulge in some much-needed fiscal therapy.

CIL has asked its subsidiary companies to spike up their offer quantity under e-auction to 40% of their respective total production.

Industry experts said the share of the sector in GDP has to go up if India has to achieve its target of becoming a $10 trillion economy in the coming years.

Sources said that the economists urged the government to take steps to accelerate economic growth and improve infrastructure.

Tomatoes have taken the biggest hit: local vendors are selling them for nearly Rs 100 per kg.

Food inflation likely intensified in June from the 8.7 per cent rate observed in April and May.

The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in the UK market, besides market access for several goods at nil customs duty.

As farmers count their losses — a total yet unknown — the deluge has exposed what opposition politicians call Kenya’s ill preparedness for climate change and related disasters.

The ICRA Ratings project securitisation volume to pick up in the subsequent quarters and cross the Rs 2 trillion mark by March.

India has 162 compounders as against 126 in China. This is despite the fact that the Chinese economy and its capital market are much bigger than India.

In the FMCG sector, Mumbai (34%), Bengaluru (24%) and Delhi (23%) witnessed their strong performances.

New Delhi, July 1 (IANS) Digital India symbolises an empowered country which boosts 'Ease of Living' and transparency, Prime Minister Narendra Modi said on Monday. The Prime Minister lauded the successful completion of nine…

Kabul; Afghanistan exported commercial goods valued at 304 million U.S. dollars from March 20 to June 20, said the country's Ministry of Commerce and Industry. "Afghanistan's exports and imports during the first quarter of the…