Economy
Economy

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
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
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
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
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
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
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
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
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

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
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
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
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
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
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
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
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
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
by Publisher
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
by Publisher
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.
by Publisher
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.
by Publisher
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
by Publisher
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.
by Publisher
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
by Publisher
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
by Publisher
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

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

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.

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.

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

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.

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

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