Category: Business
RBI to give record dividend of Rs 2.69 lakh crore to govt
The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to the government for FY25, 27.4 per cent higher than 2023-24, helping the exchequer to tide over challenges posed by US tariffs and increased spending on defence due to the conflict with Pakistan.
India increasingly positioned to function as a ‘connector country’: RBI
In the midst of global trade realignments and industrial policy shifts, India is increasingly positioned to function as a “connector country” that can become a key intermediary in sectors such as technology, digital services, and pharmaceuticals, according to the Reserve Bank of India (RBI).
Mahindra Thar Roxx joins Nagaland Police fleet
Nagaland Police had inducted the Mahindra Thar Roxx as its latest vehicle, reports NDTV Auto.
Business activity in India surges to 13-month high in May: HSBC Composite PMI
The HSBC Flash India Composite Output Index – which measures the month-on-month change in the combined output of India’s manufacturing and service sectors – on Thursday reported robust business activity in May in the country, climbing to a 13-month high of 61.2, compared with 59.7 in the previous month.
Domestic market cushions India from global trade shocks
India is in a stronger position than other countries to withstand global trade disruptions, in the wake of the US tariff turmoil, due to the large size of its domestic market and the country’s low dependence on goods exports, according to a Moody’s report released on Wednesday.
PLI scheme creates 2.5 lakh jobs
The Centre’s production linked incentive (PLI) scheme for the food processing sector has succeeded in attracting investments to the tune of Rs 7,000 crore and creating over 2.5 lakh jobs so far, according to a senior official of the Union Ministry of Food Processing Industries (MoFPI).
CCI playing a key role in ensuring free and fair markets: FM Sitharaman
Ensuring free and fair markets is not merely an economic need but a democratic one and the Competition Commission of India (CCI) plays an important role against this backdrop, to keep the competition alive in the markets, Union Finance Minister Nirmala Sitharaman said on Tuesday.Addressing the 16th ‘Annual Day Celebrations’ of the market watchdog here,…
India committed to building a sustainable, inclusive energy future: Manohar Lal
India has highlighted energy security as one of the most pressing current challenges, emphasising the need to strengthen BRICS cooperation to ensure economic stability and sustainability, as well as to promote equitable access to energy resources globally, the government said on Tuesday.At the BRICS Energy Ministers’ Meeting hosted in Brasília, Union Minister for Power and…
India expected to clock 6.9pc GDP growth in Q4 of FY25
India’s GDP growth is expected to increase to 6.9 per cent in Q4 FY2025 from 6.2 per cent in Q3 FY2025 despite the enhanced global uncertainty due to the US tariff turmoil during the quarter, according to an ICRA report released on Monday.
UN sees India as bright spot amid global slowdown
At a time when the global economy is facing what the United Nations calls a “precarious moment”, India has emerged as a rare bright spot.
