Economic Times
Total compensation of employees working with private corporations increased to 13.5% of the GDP in FY23 from 12.8% in the previous year while househol
At a time when some of the central banks in the advanced world have reported losses and negative equity, RBI will hand over a dividend cheque of more
The benchmark bond yield retreated below 7% on expectations that New Delhi would now need to borrow less this fiscal year. “The higher dividend is w
The Reserve Bank held 827. 69 tonnes worth of gold as a part of its foreign exchange reserves as of April 26,2024, up from 805 tonnes as of end Decem
The global investment bank’s research unit noted that gross financial savings are expected to outpace the increase in household financial liabilitie
The Reserve Bank of India (RBI) has transferred a record surplus of Rs 2.1 lakh crore to the central government for FY’2023-24, exceeding expectatio
RBI DIVIDEND: At its 608th meeting in Mumbai, the Reserve Bank of India approved a dividend of Rs 2.11 lakh crore for the Central government for FY24,
India exported 45,000+ tonnes of onions post-ban lift, easing farmer woes. Nidhi Khare, Secretary, noted major exports to Middle East, Bangladesh. Gov
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100
The government is considering addressing the issue of an inverted duty structure for various products to boost domestic manufacturing. The products in
Maldives' Economic Development Minister Mohamed Saeed said he met with the Indian High Commissioner Munu Mahawar two weeks ago, who in turn, said that
MAIT, which represents major electronics companies such as Dixon Technologies, Dell, HP, Google amongst others, said the industry would review existin
The strong March quarter print could lift overall gross domestic product (GDP) growth for the full fiscal year to 7.8% against 7.6% assessed in the go
The RBI has raised the benchmark policy rates by 250 basis points (one bps is 0.01 percentage point) since May 2022 as inflation surged way beyond the
The wheat processing industry is urging the removal of the 40% import duty on wheat to address the shortage in the local market. With government procu
Priya Guha, the new chair of FICCI UK Council, and Baroness Usha Prashar discuss the India-UK Free Trade Agreement, emphasizing research, innovation,
“A modest easing of headline inflation in the reading for April 2024 confirms the expectation that an uneven and lagged pace of alignment with the t
Household savings in India likely saw a recovery in FY24, rebounding from a low in FY23, driven by increased deposit growth, investments in markets an
The Reserve Bank of India, in its monthly bulletin, highlighted India's imminent economic upturn, noting international recognition and anticipation of
Private sector investment is set to increase in the latter half of the fiscal year, particularly in sectors like hotels and tourism, following extensi
