Negotiations for bilateral free trade agreements with several countries are "well on track" and India is also looking at some multilateral pacts that are fair and equitable for all the member countries, Commerce and Industry Minister Piyush Goyal said on Saturday. India has recently implemented a free trade agreement (FTA) with the UAE in May [...]
After proving its poweress in the field of software, India should strive to become a hub for software products, President Droupadi Murmu said on Saturday. While speaking at the 7th edition of Digital India Awards, Murmu said that there should focus on democratising government data to help technology enthusiasts in the country develop localised digital [...]
The Indian economy is estimated to grow at 7 per cent in the 2022-23 fiscal, down from 8.7 per cent a year ago, mainly due poor performance of mining and manufacturing sectors. As per the first advance estimates of national income released by the National Statistical Office (NSO) on Friday, the manufacturing sector output is [...]
Farm reforms in India are pending even today since 1991, while neighbouring China implemented them way back in 1978, Prime Minister’s Economic Advisory Council's (PMEAC) Chairman Bibek Debroy said on Friday. The reforms undertaken in India in 1991 were pertaining to external factors and industrial liberalisation, and were not related to agriculture, he said. Currently, [...]
New Delhi, Jan 6 (PTI) Taming inflation is the top priority for South Asian countries like India as an unchecked price rise may pose risk to growth and investment outlook, Reserve Bank (RBI) Governor Shaktikanta Das said on Friday. Speaking at an event organised by the International Monetary Fund (IMF), he said rising levels of [...]
Equity benchmarks pared initial gains to end lower on Friday, recording their third day of decline, amid weak trend in IT counters. The 30-share BSE Sensex tumbled 452.90 points or 0.75 per cent to settle at 59,900.37. During the day, it tanked 683.36 points or 1.13 per cent to 59,669.91. The broader NSE Nifty went [...]
Islamabad, Jan 6 (PTI) Prime Minister Shehbaz Sharif has made a telephonic call to International Monetary Fund chief Kristalina Georgieva to break the deadlock over the release of the next tranche of assistance for cash-strapped Pakistan, according to a media report on Friday. The contact was made four days before an expected face-to-face meeting between [...]
RBI Governor Shaktikanta Das on Friday said the government and the central bank are in discussion with South Asian countries to have cross-border trade in rupee. He also said the central bank digital currency (CBDC) is in trial phase and the RBI is moving very carefully and cautiously on digital rupee launch. After the successful [...]
Pakistan central bank's foreign exchange reserves plummeted to an eight-year low of over USD 5.5 billion amidst fear of default, according to a media report on Friday. The forex reserves have dwindled despite efforts by the government to shore up its economy. According to a report by the Dawn newspaper, the State Bank of Pakistan's [...]
Capital markets regulator Sebi on Thursday extended the timeline till January-end for entering the details of existing outstanding non-convertible securities in the security and covenant monitoring system hosted by depositories. Earlier, this was to be complied by October 31, 2022. This is the second time Securities and Exchange Board of India (Sebi) has extended the [...]
