Economic Times
India's reliance on pulses imports has increased, nearly doubling in the 2023-24 fiscal year to USD 3.74 billion. The surge in imports, estimated to b
US Trade Representative Katherine Tai highlighted the benefits of India's decision to remove retaliatory tariffs on several US products, including chi
Krishnamurthy V Subramaniam, Executive Director of the IMF, predicts India will remain a key driver of global growth, citing consistent 7%+ growth pos
RBI advises creating a central fund for internal ombudsman salaries to ensure independence and customer rights protection. The Annual Report highlight
India's pulse acreage is expected to increase in the kharif season due to record high prices and forecasted above-normal monsoon rains. Low domestic p
CBDT mandated SROs to report high-value transactions by June 30. 6,000 entities failed to comply, lacking data. Form 61A enforcement in progress for I
The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) with Indian taxpayers in 2023-24. This includ
The Reserve Bank of India (RBI) on Tuesday issued a significant directive, stating that from August 1, 2025, no entity involved in card transactions,
The International Monetary Fund (IMF) has revised its forecast for India's economy, predicting a 6.8% growth in FY25 and 6.5% in 2025. This follows up
UNCTAD released a report revising India's economic growth forecast for 2024 to 6.5%, a slight decrease from the previous year's 6.7%. The factors cont
Union Finance Minister Nirmala Sitharaman highlighted India's status as the fastest growing economy for three consecutive financial years, projecting
India is a major sugar producing country in the world. Sugar season runs from October to September. Currently, there are curbs on sugar exports for an
Recent rains have not impacted wheat and other rabi crops, with harvesting progressing smoothly. The IMD predicts continued rain and hailstorms due to
India's road construction is expected to grow 5-8% this year to 12,500-13,000 km, driven by government investment and project completions, rating agen
Economists anticipate the Reserve Bank of India (RBI) to maintain its policy rate at 6.5% for the fiscal year 2024-25 due to factors like higher-than-
India has permitted limited onion exports to the United Arab Emirates (UAE) and Sri Lanka, despite ongoing restrictions on outward shipments of the ve
Middle East conflict may influence India's inflation and oil prices. Recent data shows decreasing consumer inflation. Monsoon forecasted to help contr
The India Meteorological Department (IMD) predicts "above normal" rain for the June-September monsoon, boosting the prospects of a bountiful agricultu
India’s oil purchases from Russia jumped after the war as New Delhi purchased discounted crude. The share of Russian oil in India’s total imports
The finance ministry has approved the release of funds for six more months through September 2024 under the Indian government's flagship housing schem
