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News   -   Jan 13, 2025 Rupee Downslide Continues, Breaches 86/$ Mark this Week
Rupee Downslide Continues, Breaches 86/$ Mark this Week

Driven down by a strong US currency amid uncertain global indications, the rupee's slump continued for the second consecutive session on Monday, losing 27 paise to hit a new lifetime low of 86.31 against the US dollar. According to an analysis made by The Times of India,

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News   -   Jan 10, 2025 More Tax Money to States to Boost Economy by Spending More
More Tax Money to States to Boost Economy by Spending More

The Union government on Friday, released tax devolution of ₹1,73,030 crore ($20.76 billion) to state governments, as against the devolution of ₹89,086 crore ($10.72 billion) in December 2024. "A higher amount is being devolved this month to enable states to accelerate capital spending and

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News   -   Jan 10, 2025 NaBFID Eyes Largest Ever Fundraising for Q4
NaBFID Eyes Largest Ever Fundraising for Q4

To support the country's ambitious economic push, India's state-owned National Bank for Financing Infrastructure & Development (NaBFID) is aiming to raise $4.7 billion, the largest fundraising ever during the January–March timeframe. The financing would be achieved from the local debt markets through a combination

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News   -   Jan 10, 2025 Indian Economy to Grow by 6.6% in 2025, Says UN Report
Indian Economy to Grow by 6.6% in 2025, Says UN Report

According to the United Nations (UN) World Economic Situation and Prospects 2025 report, the Indian economy is expected to grow by 6.6% in 2025 and 6.7% in 2026, supported by private consumption and investment growth. “In India, the public sector continues to play a pivotal role in funding

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News   -   Jan 10, 2025 Industry Bodies and Law Firms Seek Raising FDI limits; Easier Investments from China
Industry Bodies and Law Firms Seek Raising FDI limits; Easier Investments from China

To make Indian economy more appealing, industry bodies and legal firms have proposed easing restrictions on the flow of capital from China, liberalising laws for plantations and agriculture, and raising the FDI limits for R&D and security agencies. The issues were discussed during a consultation by the Department

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News   -   Jan 09, 2025 Decline in Microfinance Industry, Defaults Doubled
Decline in Microfinance Industry, Defaults Doubled

The microfinance industry shrank in the second quarter of FY25 as loan delinquency rates —- where instalments are overdue by 30 to 180 days — reached 4.3% in September 2024 from 2% just a year ago. The microfinance portfolio was valued at ₹4.1 lakh crore in September 2024, a

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News   -   Jan 08, 2025 India’s Economic Growth Dips Below Government Estimates
India’s Economic Growth Dips Below Government Estimates

India’s economy is expected to grow only at a rate of 6.4% in 2024-25. This is the lowest growth rate in the last four years and the slump is attributed to a slowdown in manufacturing and urban consumption, according to the National Statistics Office (NSO). The estimate falls

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News   -   Jan 06, 2025 Mixed Signals for Q3 as Growth Struggles to Meet Forecasts
Mixed Signals for Q3 as Growth Struggles to Meet Forecasts

The Economic Times reports that economic activity showed signs of improvement in the third quarter of fiscal year 2024-25, with indicators such as Unified Payments Interface (UPI) transactions and Goods and Services Tax (GST) collections rising. However, growth for the year is expected to remain subdued, falling below the Reserve

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Rupee Downslide Continues, Breaches 86/$ Mark this Week
News   -   Jan 13, 2025 Rupee Downslide Continues, Breaches 86/$ Mark this Week

Driven down by a strong US currency amid uncertain global indications, the rupee's slump continued for the second consecutive session on Monday, losing 27 paise to hit a new lifetime low of 86.31 against the US dollar. According to an analysis made by The Times of India,

by Publisher
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News   -   Jan 13, 2025 Rupee Downslide Continues, Breaches 86/$ Mark this Week
Rupee Downslide Continues, Breaches 86/$ Mark this Week

Driven down by a strong US currency amid uncertain global indications, the rupee's slump continued for the second consecutive session on Monday, losing 27 paise to hit a new lifetime low of 86.31 against the US dollar. According to an analysis made by The Times of India,

by Publisher
News   -   Jan 10, 2025 More Tax Money to States to Boost Economy by Spending More
More Tax Money to States to Boost Economy by Spending More

The Union government on Friday, released tax devolution of ₹1,73,030 crore ($20.76 billion) to state governments, as against the devolution of ₹89,086 crore ($10.72 billion) in December 2024. "A higher amount is being devolved this month to enable states to accelerate capital spending and

by Publisher
News   -   Jan 10, 2025 NaBFID Eyes Largest Ever Fundraising for Q4
NaBFID Eyes Largest Ever Fundraising for Q4

To support the country's ambitious economic push, India's state-owned National Bank for Financing Infrastructure & Development (NaBFID) is aiming to raise $4.7 billion, the largest fundraising ever during the January–March timeframe. The financing would be achieved from the local debt markets through a combination

by Publisher
News   -   Jan 10, 2025 Indian Economy to Grow by 6.6% in 2025, Says UN Report
Indian Economy to Grow by 6.6% in 2025, Says UN Report

According to the United Nations (UN) World Economic Situation and Prospects 2025 report, the Indian economy is expected to grow by 6.6% in 2025 and 6.7% in 2026, supported by private consumption and investment growth. “In India, the public sector continues to play a pivotal role in funding

by Publisher
News   -   Jan 10, 2025 Industry Bodies and Law Firms Seek Raising FDI limits; Easier Investments from China
Industry Bodies and Law Firms Seek Raising FDI limits; Easier Investments from China

To make Indian economy more appealing, industry bodies and legal firms have proposed easing restrictions on the flow of capital from China, liberalising laws for plantations and agriculture, and raising the FDI limits for R&D and security agencies. The issues were discussed during a consultation by the Department

by Publisher
News   -   Jan 09, 2025 Decline in Microfinance Industry, Defaults Doubled
Decline in Microfinance Industry, Defaults Doubled

The microfinance industry shrank in the second quarter of FY25 as loan delinquency rates —- where instalments are overdue by 30 to 180 days — reached 4.3% in September 2024 from 2% just a year ago. The microfinance portfolio was valued at ₹4.1 lakh crore in September 2024, a

by Publisher
News   -   Jan 08, 2025 India’s Economic Growth Dips Below Government Estimates
India’s Economic Growth Dips Below Government Estimates

India’s economy is expected to grow only at a rate of 6.4% in 2024-25. This is the lowest growth rate in the last four years and the slump is attributed to a slowdown in manufacturing and urban consumption, according to the National Statistics Office (NSO). The estimate falls

by Publisher
News   -   Jan 06, 2025 Mixed Signals for Q3 as Growth Struggles to Meet Forecasts
Mixed Signals for Q3 as Growth Struggles to Meet Forecasts

The Economic Times reports that economic activity showed signs of improvement in the third quarter of fiscal year 2024-25, with indicators such as Unified Payments Interface (UPI) transactions and Goods and Services Tax (GST) collections rising. However, growth for the year is expected to remain subdued, falling below the Reserve

by Publisher
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Economy   -   May 30, 2025 GDP Growth Surprises on the Upside
GDP Growth Surprises on the Upside

India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended in March, despite mounting global economic uncertainty. Gross domestic product of the fourth quarter of the government’s fiscal year 2025 came in sharply higher than the 6.7% growth forecast by economists in

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Economy   -   May 29, 2025 Indian GDP Surpasses Japan
Indian GDP Surpasses Japan

India, which was ranked tenth in the world in 2014, continues to be the fastest-growing major economy. B.V.R. Subrahmanyam, CEO of India’s state-run think tank Niti Aayog said, “we are the fourth-largest economy as I speak ... and this is not my data. This is IMF [international monetary

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News   -   May 23, 2025 STARLINK WILL MAKE INDIA AS VULNERABLE AS UKRAINE
STARLINK WILL MAKE INDIA AS VULNERABLE AS UKRAINE

If PM Modi licenses SpaceX’s Starlink satellite internet service, India will be risking national sovereignty and security in handing over the keys to its skies to Elon Musk.

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Commerce & Industry   -   Jan 31, 2025 Modi Says India is Becoming a Major Maritime Power
Modi Says India is Becoming a Major Maritime Power

Prime Minister Narendra Modi on Wednesday said India is becoming a major maritime power and is being recognised as a reliable and responsible partner in the world. Speaking after the commissioning of three naval warships here, Modi said India has always supported an open, secure, inclusive and prosperous Indo-Pacific region.

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Jan 15, 2025 Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX
Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1

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Jan 15, 2025 GOP Lawmaker Warns Adani Case Could Harm US-India Relations
GOP Lawmaker Warns Adani Case Could Harm US-India Relations

A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.

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News   -   Jan 15, 2025 Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal
Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal

The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money

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News   -   Jan 15, 2025 Armed Forces' Welfare a Govt Priority, says PM Modi
Armed Forces' Welfare a Govt Priority, says PM Modi

Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering

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