News

April’s core sector output has seen a notable rise of 6.2%, up from 6% in March, primarily driven by significant growth in the natural gas, refinery products, coal, steel, and electricity sectors. This increase, as reported by the commerce ministry, is partly attributed to the low base effect, considering the core sector’s growth was at […]

The demand for investments has hit the lowest mark in the past four quarters, and consumer spending continues to be lackluster. The proportion of private final consumption expenditure (PFCE) to nominal GDP slightly decreased to 57.9% in the March quarter from 58.2% in the previous year. Despite the central government’s significant capital expenditure efforts, the […]

As Borussia Dortmund gears up for the ultimate test in Saturday’s Champions League final, they face a Real Madrid team brimming with stars and the anticipation of claiming their 15th European championship at Wembley. The Spanish behemoths, with an unmatched record in the competition, are the top contenders, facing a Dortmund team that has defied […]

The Department of Telecommunications (DoT) is exploring the deployment of drones and tethered balloons to re-establish 5G services in the wake of emergencies and natural disasters that disrupt standard telecommunications. An informed official has disclosed that the DoT plans to conduct trials in the near future to assess the effectiveness of this strategy, with the […]

S&P Global Ratings has shifted India’s economic forecast to a positive outlook from a stable one. The agency’s specialists have indicated that the country’s fiscal performance and economic expansion will be crucial determinants for a potential elevation in its credit rating over the forthcoming two-year period. Andrew Wood, the director at S&P Global Ratings for […]

India’s economic growth accelerated to 8.2% in the fiscal year 2024, propelled by a stronger-than-anticipated 7.8% increase in the March quarter, primarily driven by solid manufacturing performance. The provisional figures released on Friday highlight India’s position as the fastest-growing major economy globally. Marking the most substantial annual expansion since FY17, aside from the 9.7% post-Covid […]

India’s foreign exchange reserves have seen a reduction of $2 billion, bringing the total down to $646.67 billion as of May 24, according to the Reserve Bank of India’s recent Friday report. In contrast, the previous week saw a significant increase in forex reserves by $4.54 billion, setting a new record high of $648.7 billion […]

S&P Global Ratings raised India’s sovereign rating outlook to ‘positive’ from ‘stable’ while retaining the rating at ‘BBB-’, saying that the country’s robust economic expansion was having a constructive impact on its credit metrics and growth momentum over the next two to three years. India’s marathon national election lasting six weeks to be counted on […]

The cash deposit limit in savings accounts refers to the maximum amount of cash that an individual can deposit within a specified period without attracting the attention of tax authorities. This limit is set by income tax regulations to monitor and regulate the flow of cash transactions, curbing the potential for money laundering, tax evasion, […]