Union FM Announces Key Budget 2023-2024, Details Here
Union FM Nirmala Sitharaman announces budget 2023-2024 with key announcements for agriculture, health, education and railways. Sitharaman announced libraries for students, 157 nursing colleges at core locations, new staff for Eklavya model school, Rs 2 lakh crore to be borne by centre for security needs, Rs 15,000 crore released for tribal group development mission, Rs 2.40 lakh crore for Indian Railways, Rs. 75,000 crores for railway… read-more
Tags: Budget, Union FM, Nirmala Sitharaman, Indian Economy, PM Modi Government
Courtesy: Times of India
Nirmala Sitharaman To Present 2023-2024 Union Budget Today
Union Finance Minister Nirmala Sitharaman is set to present the Union 2023-2024 Budget on February 1. This budget holds important significance as it will be the last budget of the Modi Government, ahead of the 2024 General elections. Furthermore, in 2023-2024 budget, real-estate sector, health sector and Indian tourism have expected initiatives to boost their economy in India. Moreover, middle-class people and citizens are also expecting some… read-more
Tags: Nirmala Sitharaman, Union budget, Modi Government , Industries, Indian Economy
Courtesy: Zee News India
Indian Economy Expected To Slow Down To 6.1% In 2023; Says IMF
As per the International Monetary Fund (IMF), the Indian economy is expected to slow down in the next fiscal year with a projected growth of 6.1% from the previous 6.8%. On January 31, the IMF released its monthly update, which estimated global growth of 3.4% in 2022 to 2.9% in 2023, then rise to 3.1% in 2024. "we're expecting some slowdown to 6.1% in fiscal year 2023." said IMF Director.
Tags: Indian Economy, IMF, Indian government, business, Global Growth
Courtesy: The Free Press Journal
US DFC To Invest $37.5 Million In Indian Businesses To Support Economy
The US International Development Finance Corporation (DFC) recently announced to invest $37.5 million (Rs 299 crorea) to support key sectors in India. The investment is expected to fuel the growth of businesses working in sectors like financial services, agriculture, healthcare, and climate. The company announced the investment in their current FY Quarter, as a form of political risk insurance product and financial instrument for various… read-more
Tags: Indian Startups, Investment, us company, DFC, Indian Economy
Courtesy: First Post
India's Merchandise Exports Cross $400 Bn Mark Post COVID
India has achieved the target of $400 billion merchandise exports for the financial year 2021-22, as per a Tweet by PM Modi. Reportedly, India's merchandise exports stood at $298.1 billion in the financial year 2020-21. "This is a key milestone in our Aatmanirbhar journey," PM Modi Tweeted. Union Home Minister Amit Shah Tweeted, "This reflects the boost in the Indian economy post Covid".
Tags: Exports, Indian Economy, PM Modi, Aatmanirbhar Bharat, Amit Shah
CM Say's, Cow Dung, Urine Can Help India's Economy: Madhya Pradesh
Madhya Pradesh CM, Shivraj Singh Chouhan stated that cow dung and urine could strengthen the state's economy and make the country financially viable. Moreover, cow sanctuaries and shelters have been developed by the government. He further added that it could not function independently, and would require support from society. MP's crematoriums have been using … read-more
Tags: Madhya Pradesh, cow dung, Cow urine, CM Shivraj Singh Chouhan, Indian Economy
Courtesy: India Today
Shaktikanta Das Gets Reappointed As RBI Governor
Reappointment of Shaktikanta Das as the governor of Reserve Bank of India has been approved by the Appointments Committee of the Cabinet. The governor has been reappointed for a period of three years after December 10, 2021. DoPT stated, "The ACC has approved the reappointment of Shri Shaktikanta Das, IAS Retd, (TN:80) as Governor, RBI for a period of three years beyond 10.12.2021".
Tags: RBI GOVERNOR, RBI, SHAKTIKANTA DAS, India, Indian Economy
'Indian Economy Is Recovering, But Not Enough': World Bank Chief
The World Bank President David Malpass welcomed the progress in the Indian Economy which was hit hard by the COVID-19 pandemic. He further said that India was facing huge challenges, but now has made huge progress with the huge production of vaccines. However, Malpass also said, ''There is progress, but not enough.'' Earlier, the World Bank expected the Indian Economy to grow at 8.3% this year.
Tags: World Bank, Indian Economy, Covid-19, India
Courtesy: The Economic Times
RBI Maintains Status Quo On Repo Rate & Reverse Repo Rate
The Reserve Bank of India (RBI) on October 8 issued its new report in which it has kept the repo rate unchanged at 4% and reverse repo rate at 3.35%. Reportedly, the decision ''by a majority of 5-1'' will push India's economic growth and recovery. Notably, the repo rate is the lending rate of RBI to commercial banks while RBI takes loans at the reverse repo rate from the banks.
Tags: RBI, repo rate, Reverse Repo Rate, Indian Economy
Courtesy: United News Of India
Indian Economy Registers Growth Rate Of 20.1% In Q1 Of 2021
The GDP data for April-June 2021 released by the National Statistical Office on August 31 revealed that the Indian economy reported a growth of 20.1% compared with the last quarter of 2020. The data shows that the 'Agriculture and electricity sectors registered a growth rate of 8.21% and 3%, respectively. However, economists say the growth was reported because of a lower base as last year GDP contracted 24.4% in Q1.
Tags: GDP, national statistical office, Quarter 1, Indian Economy
Courtesy: The Indian Express