Economy

New Delhi: Bold reforms and a leadership role in global trade are crucial for achieving Viksit Bharat by 2047, according to experts from the government. The experts including the Chief Economic Advisor, and from the Ministry of Defence spoke at a conclave, organised by NITI Aayog in the national capital on Thursday. They deliberated on

New Delhi: Union Road Transport and Highways Minister Nitin Gadkari on Friday said that the Narendra Modi government will soon be announcing a major relief for commuters on the toll that is currently levied on vehicles plying on National Highways. He said that the government is working on a uniform toll policy to benefit national

New Delhi:  Crisil Ratings has upgraded its rating on the long-term bank facilities of Adani Power Ltd (APL) to ‘Crisil AA/Stable’ from ‘Crisil AA-/Positive’. The global credit rating agency has also assigned its ‘Crisil AA/Stable’ rating to Rs 11,000 crore proposed non-convertible debentures (NCDs) of Adani Power. The upgrade in rating reflects “Crisil Ratings’ expectation

Mumbai: The Reserve Bank Governor announced on Friday that the RBI will be introducing forward contracts in Government securities for which the directions will be issued shortly. “We have been receiving feedback about the need to allow forward contracts in Government securities to enable further market development. Such forward contracts will enable long-term investors such

Mumbai: The Reserve Bank of India (RBI) on Friday raised the country’s real GDP growth forecast to real GDP growth for 2025-26 to 6.7 per cent, as it expects a robust rabi crop output and an expected recovery in industrial activity to support economic growth going ahead. It also expects CPI inflation to moderate to

New Delhi: The real estate industry on Friday welcomed the much-awaited benchmark rate cut of 25bps by the Reserve Bank of India (RBI), saying lowered interest rates will further nudge homebuyers to buy an ownership home with an upgraded lifestyle. The Central Bank’s Monetary Policy Committee (MPC) cut the repo rate by 25 basis points

Mumbai: Reserve Bank of India (RBI) Governor Sanjay Malhotra announced on Friday that the central bank is introducing the ‘bank.in’ exclusive Internet Domain for Indian banks to combat increased instances of fraud in digital payments. This initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing

Mumbai: The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) on Friday cut the repo rate by 25 basis points to 6.25 per cent. RBI Governor Sanjay Malhotra said the MPC has also unanimously decided to continue with a neutral stance and will focus on inflation while supporting growth. This would provide flexibility

New Delhi: Public sector banks have shown a significant improvement in key financial parameters during the first three quarters (April-December) of the current financial year (2024-25) with a record net profit growth of 31.3 per cent year-on-year to achieve the highest ever aggregate net profit of Rs. 1,29,426 crore, the Finance Ministry said on Thursday.

New Delhi: The average annual construction of National Highways has jumped by a massive 130 per cent during 2014-2024, as compared to the previous 10 years from 2004-2014, and has taken the length of those coming up in the last 10 years to 1,01,900 km, Minister of Road Transport and Highways Nitin Gadkari told the