Business
India Inflation Likely Fell In November On Moderating Vegetable Prices
BENGALURU: India retail inflation likely fell to 5.53% in November after breaching the central bank’s 6% upper tolerance band as the arrival of fresh produce to markets moderated soaring vegetable prices, a Reuters poll of economists found. The Reserve Bank of India held interest rates steady last week, as...
Monetary Policy Review: RBI Keeps Rates Unchanged, Cuts CRR By 50 Basis Points To 4%
MUMBAI: The Reserve Bank of India’s (RBI’s) six-member monetary policy committee (MPC) on Friday decided to keep the policy repo rate unchanged at 6.5 per cent — the status quo for an 11th straight time — maintaining a “neutral” stance. Even as it reduced the cash reserve ratio (CRR)...
Union Budget 2025-26: Economists Stress Need For Manufacturing Policy
NEW DELHI: The need for a manufacturing policy, reining in food inflation and raising investment in the country were among key suggestions given by economists who met Finance Minister Nirmala Sitharaman and senior ministry officials in the first round of pre-Budget consultations on Friday. Various suggestions were given to...
GDP Growth In Q3 To Make Up For Q2 Loss: Finance Minister
NEW DELHI: The growth slowdown in the second quarter of the current financial year was not systemic but the result of a lack of public investments during the first quarter, as the administration was busy with the general election, finance minister Nirmala Sitharaman said on Friday. The third-quarter gross...
Monthly Labour Surveys From March For Urban And Rural Areas
NEW DELHI: The statistics ministry is likely to release the first monthly unemployment surveys, for both rural and urban areas, in March-end, according to an official source. The surveys, officially known as the Periodic Labour Force Survey (PLFS), will depict unemployment scenarios across the country in urban and rural...
SEBI Revamps Investor Charter To Boost Transparency, Grievance Redressal
NEW DELHI: Capital markets regulator Sebi on Friday unveiled an updated investor charter aimed to enhance investor protection, market transparency, and trust and confidence among investors. The updated charter has emphasised on ensuring confidentiality of investor information and providing the right to exit at fair and reasonable terms from...
Oil Prices Fall On Supply Glut Fears Despite OPEC+ Output Cut Extension
NEW YORK: Oil prices fell by more than 1 Percent on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026. Brent crude futures settled...
Tata Power Plans Rs 1.25 Trillion Investment Between FY26 And FY30
TIRUNELVELI: Tata Power is planning to invest around Rs 1.25 trillion between the next financial year (FY26) and FY30 in order to double its operational capacity to 32 gigawatts (Gw) from 15.6 Gw now, a senior company official said on Friday. This is in addition to the Rs 21,000...
Copper Industry To See 10-13% Spurt In Demand In H2FY25: ICA India
MUMBAI: India’s copper demand is expected to clock a 10-13 per cent growth in the second-half of the current financial year amid constrained by supply-side issues, said a top executive from International Copper Association India. According to ICA India estimates, financial year 2024 (FY24) demand growth was at 13...
Govt Taps MSMEs, Startups For Defence Tech, Sanctions Rs 1,264 Crore Projects
NEW DELHI: Several initiatives aimed at transforming India into a global hub for defence research and technology, involving projects worth an estimated Rs 1,264 crore and significant participation from MSMEs, start-ups, and academia, have been rolled out by the government, according to Minister of State for Defence Sanjay Seth,...
India To Formulate Space Security Doctrine To Protect Assets And Enhance Military Capabilities
NEW DELHI: The government is close to finalising, for the first time, a space security doctrine to defend the country’s space assets as well as scale up military capabilities. “As I know there is a document on Indian space security doctrine. It is not in the public domain but...
Economy Can Expand By 7 Per Cent In H2: CEA
NEW DELHI: Indian economy can grow by 7% in the second half of the current financial year going by the pickup in economic activity, which could uplift the full-year growth rate to at least 6.5%, chief economic advisor V Anantha Nageswaran on Thursday said. Speaking at an industry body...
Potential Shifts In US Trade Policy To Affect Trade In 2025: UNCTAD
NEW DELHI: Potential shifts in United States (US) trade policy to a more protectionist one, inward looking industrial policies in many countries, threat of renewed and expanded trade wars along with ongoing geopolitical tensions are set to negatively influence international trade in 2025, a report released on Thursday said....
Core Inflation With Non-Volatile Food Must Guide RBI: Arvind Virmani
NEW DELHI: The Reserve Bank of India (RBI) should consider looking at core inflation, re-defined with the inclusion of non-volatile food items, for its monetary policy decisions, Arvind Virmani, member, Niti Aayog said. However, volatile elements of food being “beyond its control,” could be kept outside its inflation targetting...
PSBs Lag Behind On Government Insurance Enrolment Targets, Shows Data
NEW DELHI: Public-sector banks (PSBs) have fallen short on achieving the annual targets of two flagship insurance schemes for social security, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), according to the government data reviewed by Business Standard. Till October 2024-25, while PSBs...
India’s Exports To Bangladesh Dip Amid ‘Volatile’ Situation
KOLKATA: The political turmoil in Bangladesh has slowed down exports of gem and jewellery, imitation jewellery, engineering goods and oilmeals from India. The raw cotton, cotton yarn and textiles exporters are facing delays in payments, even though the buyers are depositing payments in local currency Bangladeshi Taka. However, due...
DRI Report Reveals Rise In Commercial Fraud, FTA Misuse Worth Rs 1,427 Crore in 2023-24
NEW DELHI: The Directorate of Revenue Intelligence (DRI)’s report on ‘Smuggling in India’ 2023-24 highlights a rise in commercial fraud, including misuse of foreign trade agreements (FTA) by individuals/companies. According to the report, the agencies have detected cases of FTA misuse worth Rs 1,427 crore during 2023-24 compared to...
SEBI Mulls Revising Requirement On Settlement Of Account Of Clients’ Funds
NEW DELHI: To facilitate ease of doing business, markets regulator Sebi on Thursday proposed that funds of clients, who have not done any transaction in the last 30 days, will be settled by stock brokers on the upcoming settlement dates of monthly running account settlement cycle. Under the rule,...
