LiveIndia to Overcome Covid-19 Pandemic Losses by FY35: RBI
India is expected to recover the losses during the pandemic till 2034-35, the “Currency and Finance Report” of the Reserve Bank of India (RBI) has...
Category : ECONOMY
India, EU Decide to Launch Trade, Technology Council
Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen agreed on Monday to create an EU-India trade and technology committee to...
Sri Lanka Gets $300-$600 Mn from World Bank for Economic Crisis
Sri Lanka will receive between $300 million and $600 million from the World Bank over four months to buy medicines and other necessities. The country’s...
India’s Foreign Exchange Reserves Down $311 Million To $603.7 Billion
The country’s foreign exchange reserves fell by $311 million to $603.694 billion on April 15, data from the Reserve Bank of India showed on Friday....
Oil Prices on Track for Near 4% Weekly Decline On-Demand Concerns
Oil prices fell on Friday and are set to lose nearly 4 per cent this week as the prospect of higher interest rates, slowing global...
IMF Projects India’s General Fiscal Deficit at 9.9% for FY23
India’s general government fiscal deficit (states and Centre combined) has been projected at 9.9 per cent of GDP for FY23 as rising energy and food...
Govt Plans To Setup 75 Digital Banks in 2021: FM Sitharaman
India is planning to set up ‘digital-only’ banks and non-banking financial companies (NBFCs) to ensure that business continuity in the lending system is not affected...
Dollar Index Tops 101 For First Time in Two Years as Yen Continues to Slide
The US dollar index topped 101 on Tuesday for the first time since March 2020 as the greenback hit a fresh 20-year high against the...
WPI Inflation Rises To 14.55% In March, Finishing Year in Double Digits
India’s wholesale price index (WPI)-based inflation rose to a four-month high of 14.55 per cent in March from 13.11 per cent in February, according to...
GST Council May Remove 5% Tax Rate; Move Items To 3% And 8% Labs
With most states boosting revenue so they don’t have to rely on centres for compensation, the GST committee at its meeting next month may consider...