Business
India Can Use Retaliatory Measures In Case Of Trade War With US: Think Tank
NEW DELH: India has the option to retaliate against any tariff measure by the US during the Donald Trump administration in sectors such as mineral fuels, iron, and steel products. However, it should also take proactive measures to engage directly with consumers and diversify markets to mitigate any adverse...
Core Sector Growth Beats High-Base Effect, At 4-Month High Of 4.3% In November
NEW DELHI: Despite a high base effect, growth in the output of eight key infrastructure industries — popularly known as the core sector — recovered to a four-month high of 4.3 per cent year-on-year (Y-o-Y) in November from an upwardly revised figure of 3.7 per cent in October. In...
CPSE Procurement From MSEs Declines 43% To Rs 773.39 Crore In FY24
NEW DELHI: Procurement by central public-sector enterprises (CPSEs) from micro and small enterprises (MSEs) has declined by a sharp 43 per cent in 2023-24 (FY24), totalling Rs 773.39 crore, from 188 CPSEs, down from Rs 1,369.45 crore during FY23, according to the latest edition of the Public Enterprises Survey,...
India Inc’s 2025 Wish List: Building A Future-Ready Economy
NEW DELHI: As the country steps into 2025, the aspirations of its corporate sector – India Inc – are anchored in four overarching priorities: regulatory reforms, technological leadership, fiscal prudence, and measures to boost consumption. These focus areas reflect a collective ambition to propel the nation toward sustained economic...
Government Firms Up Plan To Widen Ambit Of Quality Control For Steel
NEW DELHI: The steel ministry has firmed up a plan to bring all steel grades consumed in the country – whether domestically manufactured or imported – under strict quality control norms, official sources said. The move is with the twin objectives of improving the quality of infrastructure and assorted...
Indian Economy And The Financial System Remain Strong And Stable: Financial Stability Report
MUMBAI: The Indian economy and the financial system remain strong and stable underpinned by sound macroeconomic fundamentals, healthy balance sheets of banks and non-banks and low volatility in financial markets despite some worries about global spillovers, according to the Financial Stability Report (FSR). In his foreword to the report,...
Govt Spending That Stimulates Pvt Investment, Key To Over 6% Growth: Dr Rangarajan
NEW DELHI: For a country that harbours hopes of fast emerging as a developed nation with a seat at the high table as the third-largest economy on the planet, growth numbers matter. Veteran banker and economist Dr C Rangarajan has often said that India needs to grow consistently at...
RBI Flags Risk To Secured Loans From Slippages In Smaller Personal Loans
MUMBAI: The Reserve Bank of India (RBI) cautioned in its bi-annual Financial Stability Report (FSR) that borrowers with unsecured loans, such as credit cards and personal loans, who also have larger secured loans, risk triggering delinquencies in the secured loans if they default on the smaller ones. Default in...
Industry Seeks Tax Relief, Capex Boost, Reforms At FinMin’s Pre-Budget Meet
NEW DELHI: Tax exemption for the middle class, reduction in excise duty on fuel, and continued push towards public capex were some of the key suggestions made to the finance ministry during pre-Budget discussions with industry representatives on Monday. The fifth round of consultations on the upcoming Budget with...
India Signs Rs 2,867 Crore Defence Contracts For Indigenous AIP System And Enhanced Firepower On Kalvari-Class Submarines
NEW DELHI: India has taken a significant step towards strengthening its submarine fleet with the recent signing of two crucial defence contracts worth approximately Rs 2,867 crore. These agreements, inked on December 30, 2024, mark a milestone in India’s push for greater self-reliance in defence, as well as its...
India’s Economy On Track For 6.5%-6.8% Growth In FY2025, Set To Accelerate In FY2026: Report
NEW DELHI: India’s economy is projected to grow between 6.5 per cent and 6.8 per cent in the current fiscal year, with growth expected to accelerate slightly to 6.7 per cent–7.3 per cent in FY2026, according to a Deloitte report. Despite a slower-than-anticipated first half of FY2025, which was...
Plans To Boost Indian Railways’ Operational Revenue Likely In FY2026
NEW DELHI: The surge in budgetary allocations over the recent years has increased the pace of the railways’ capacity building and all-round modernisation of the country’s rail transportation infrastructure. But whether this would suffice to produce the revenue streams for it to gradually reduce the reliance on taxpayer’s monies...
Private Banks Outrun Public Sector Peers In Priority Lending Benchmarks
MUMBAI: For the first time, private sector banks as a group met priority sector lending targets, including sub-targets for major heads in 2023-24, particularly in agriculture, according to central bank data. Although all bank groups managed to achieve their stipulated overall targets and sub-targets, private sector banks did better...
Higher FCNR Rates Fail To Bring In The Moolah
MUMBAI: The Reserve Bank of India’s (RBI) move to draw capital flows by allowing banks to offer higher interest rates for foreign currency deposits for a specific period appears to have had few takers in the three weeks since the plan’s announcement. Bankers said the rupee’s recent sharp fall...
Indian Pharma Improves Compliance With USFDA; Fewer OAI Cases In 2024
MUMBAI: Indian pharmaceutical companies have made major strides in adhering to stringent US Food and Drug Administration (USFDA) norms in 2024, with data suggesting a decline in the number of adverse classification outcomes of inspections across biologics, drugs, and devices. In 2023, the USFDA conducted 225 inspections, which led...
Rural, Urban Food Spending Rises Amid Inflation Pressure
NEW DELHI: The share of monthly per capita consumption expenditure (MPCE) on food items edged up slightly in both rural and urban areas during the August 2023–July 2024 (2023-24) period compared to the previous year, according to the latest Household Consumption Expenditure Survey (HCES). However, experts note that the...
Trump Tariffs To Define Global Trade In 2025, India Has Fingers Crossed
NEW DELHI: The liberal use of threats of tariffs by US President elect Donald Trump before his inauguration in January puts all forecasts of how world trade would shape up in the coming year difficult but Indian exporters are mostly positive about the prospects and their biggest worry stems...
Q2 FY25: Current Account Deficit At 1.2% Of GDP; BoP Surplus At $18.6 Billion
NEW DELHI: India’s current account deficit (CAD) marginally narrowed to $11.2 billion or 1.2 per cent of GDP during the July-September quarter of financial year 2025 (Q2FY25) from $11.3 billion or 1.3 per cent of GDP a year ago, amid a rise in service exports. Sequentially, the CAD widened...
