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Industrial production rises 5.2% in January
India’s industrial output grew 5.2% in January, slightly faster than the 4.7% rise in December 2022
Inflation rate to ease in FY24, but monsoon is a key risk: CEA
El Nino conditions could have a bearing on monsoon, which in turn, would have an impact on food prices, inflation and economic growth, says V. Anantha Nageswara
GDP growth may exceed 7% fiscal 2022-23 year
Real GDP growth during 2022-23 is estimated at 7% as compared to 9.1% in 2021-22.
GST revenues grew 12.7% in January
Tax receipt figure for last month revised to ₹1.59 lakh crore from earlier estimate of ₹1.56 lakh crore
Rupee trade mechanism: Banks wary of U.S. sanctions, says EEPC’s Garodia
The Reserve Bank of India had set up the International Trade Settlement mechanism in rupee to facilitate trade
20 Russian banks, including Rosbank, Tinkoff Bank, Centro Credit Bank and Credit Bank of Moscow have opened Special Rupee Vostro Accounts (SRVA) with partner banks in India.
A Vostro account is an account that domestic banks hold for foreign banks in the former’s domestic currency, in this case, the rupee.
GDP to grow 6.5% in 2023-24: Economic Survey
Though global uncertainties are rife and the world economy is slowing, the Survey exuded confidence that India’s GDP would grow 6.5% in 2023-24.
India’s trade deficit with China races beyond $100 bn
India’s bilateral trade with China reached are cord $135.98 billion in 2022, driven by surging Indian imports of Chinese goods.
Govt. nets 87% of direct tax goal, receipts hit ₹12 lakh crores
India’s net direct tax collections stood at ₹12.31 lakh crore, accounting for almost 87% of the target for 2022-23.
Forex Reserves at $562.9 bn; Fall by $70 bn in 2022
India’s foreign exchange reserves fell by $70.1 billion in 2022, data released by the Reserve Bank of India (RBI) shows. The forex reserves stood at $562.9 bi...
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India Celebrates National Milk Day on 26th November
Chief Minister Yogi Adityanath inaugurates north India’s first data centre at Greater Noida
Government approved Electronics Manufacturing Cluster at Ranjangaon
‘Safe harbour’ clause in IT law
