Cash-Strapped States Threaten India’s Double-Digit Growth Goal
Prime Minister Narendra Modi’s plan to boost capital expenditure to help India regain the fastest-growing major economy title risks being derailed by the nation’s cash-strapped...
Category : ECONOMY
India Rice Exports Pick Up as Additional Port Opened
Indian rice exports gained momentum this week after an additional port was opened in the country’s biggest rice-handling facility, potentially easing congestion. Waiting periods at the Kakinada...
RBI Issues Directions for Housing Finance Companies
The Reserve Bank of India (RBI) came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification, and loan-to-value ratio,...
Government Invites Suggestions on Blue Economy Policy
The Ministry of Earth Sciences (MoES) has rolled out the draft blue economy policy in the public domain, inviting suggestions and inputs from various stakeholders,...
India to See $500 Bn Investment in Renewables by 2030: IEEFA
India is set to see investments to the tune of around $500 billion in the renewables sector if the country has to achieve the target of...
RBI Sets Up Panel to Consolidate Urban Co-operative Banks
The Reserve Bank on Monday set up a committee to draw a vision document for strengthening urban cooperative banks (UCBs) and exploring the potential of consolidation in...
New Foreign Trade Policy to Include E-Commerce Exports Chapter
The new Foreign Trade Policy is likely to focus on encouraging exports by e-commerce as additionally figuring out districts as export hubs whereas re-looking at...
State-Run Oil Companies’ Capex to go Up by 6.5% in FY22
Capital spending at Oil and Natural Gas Corp is targeted to drop 8 per cent in 2021-22 from the current year while it’s set to...
IKEA India FY20 Results: Net Loss Widens to Rs 720 Cr, Sales up 65%
Furniture retailer IKEA India saw its net loss widen to Rs 720 crore in the financial year ended March 2020. The company had registered a...
Forex Reserves up by $2.56 Bn to Record $581.131 Bn
At a time when the economy is under stress due to the coronavirus pandemic, India’s foreign exchange (forex) reserves have been rising at a very...