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Indian renal denervation catheter market to grow at 11% CAGR: Report

Indian renal denervation catheter market to grow at 11% CAGR: Report

Thu, Jan 18, 2024

The renal denervation catheters market in India is expected to grow at a compound annual growth rate of around 11 per cent between 2024 and 2033, according to a report.

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Sun, Jan 14, 2024

The widespread damage to infrastructure also leads to a decline in exports that adversely impacts GDP growth.

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Haryana: Bhupinder Singh Hooda, Kumari Selja demand compensation for crop damage by hailstorm

Tue, Nov 17, 2020

Former Haryana chief minister Bhupinder Singh Hooda and state Congress president Kumari Selja on Tuesday demanded compensation for farmers in the state who suffered losses due to hailstorm two days ago.

India rate cuts bets fall as recovery gains hold, inflation stays high

India rate cuts bets fall as recovery gains hold, inflation stays high

Sun, Nov 15, 2020

Negative real rates in India and recovering growth alongside high inflation suggest its central bank has little room for more monetary stimulus, but policy is likely to stay accommodative, economists and analysts said.

Industry bodies, experts to submit ideas on Budget 2021 via e-mail: Finance Ministry

Industry bodies, experts to submit ideas on Budget 2021 via e-mail: Finance Ministry

Fri, Nov 13, 2020

The finance ministry on Friday said a dedicated e-mail ID would be created to receive suggestions from industry bodies and experts on the Union Budget 2021-22, instead of physical pre-Budget consultations that have been happening over the years

Expert views: October retail inflation remained over 7% for second straight month

Thu, Nov 12, 2020

Retail inflation remained above 7% in October for a second straight month as vegetable prices stayed at elevated levels, worrying policymakers, who are struggling to pull Asia`s third largest economy from a deep slump.

FM announces Rs 18,000 cr additional outlay for PMAY-Urban

FM announces Rs 18,000 cr additional outlay for PMAY-Urban

Thu, Nov 12, 2020

The Centre will allocate Rs 18,000 crore more to the Pradhan Mantri Awas Yojana (PMAY) - Urban for building houses for middle income and economically weaker sections of the country

Big reveal! India has entered recession for first time; GDP to contract 8.6 pc in Q2, says RBI official

Big reveal! India has entered recession for first time; GDP to contract 8.6 pc in Q2, says RBI official

Thu, Nov 12, 2020

The GDP is likely to contract by 8.6 per cent for the July-September period, which means India will enter into a recession for the first time in history in the first half of this fiscal, an RBI official has revealed. This comes on the back of two successive quarters of negative growth due to the COVID-19 pandemic.

Government makes e-invoicing mandatory for businesses with Rs 100 cr turnover: What it means

Government makes e-invoicing mandatory for businesses with Rs 100 cr turnover: What it means

Thu, Nov 12, 2020

The government has notified mandatory requirement of e-invoicing for B2B transactions for businesses with a turnover of over Rs 100 crore with effect from January 1, 2021.

Govt notifies mandatory e-invoicing by biz with Rs 100 cr turnover from Jan 1

Govt notifies mandatory e-invoicing by biz with Rs 100 cr turnover from Jan 1

Thu, Nov 12, 2020

The government has notified mandatory requirement of e-invoicing for B2B transactions for businesses with a turnover over Rs 100 crore with effect from January 1, 2021

Why Prime Minister Narendra Modi thinks India is the place to be for investors

Why Prime Minister Narendra Modi thinks India is the place to be for investors

Fri, Nov 06, 2020

Prime Minister Narendra Modi on Thursday wooed global investors by showcasing the recent agriculture and labour reforms and faster-than-anticipated reflating of the economy and asserted that the government will do whatever it takes to make India the engine of global growth resurgence.

GST collection, power consumption show recovery: Ex-RBI chief

GST collection, power consumption show recovery: Ex-RBI chief

Fri, Nov 06, 2020

Former governor of the Reserve Bank Of India (RBI) C Rangarajan on Thursday said the decline in the growth of the economy triggered by COVID-19 was like a coma that stays for a short period

Union Cabinet okays India-Israel MoU on health

Union Cabinet okays India-Israel MoU on health

Wed, Nov 04, 2020

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a Memorandum of Understanding between India and Israel on cooperation in the field of health and medicine.

India's manufacturing output zooms in October; here are reasons why

Mon, Nov 02, 2020

Easing Covid-19 restrictions and healthy market conditions on the back of higher demand accelerated India`s manufacturing sector growth in October. The period under consideration also coincides with the start of the festive season in India which traditionally sees higher off-take. In response to strong sales gains and softer containment measures related to the Covid-19 disease, firms lifted production at the strongest pace recorded since late 2007. Consequently, the headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers` Index (PMI) pointed to the strongest improvement in the health of the sector in over a decade. The growth was led by the intermediate goods category, but there were also robust expansions in the consumer and investment goods sub-sectors, cited the Manufacturing PMI report. Resultantly, the reading on the index showed a rise from 56.8 in September to 58.9 in October. Moreover, the upturn in sales was the strongest since mid 2008. New export orders likewise rose at a quicker pace, one that was the most pronounced in close to six years. --IANS rv/sn/arm The story has been taken from a news agency

Spike in internal remittance, new EPFO registrations indicate recovery: Report

Spike in internal remittance, new EPFO registrations indicate recovery: Report

Mon, Nov 02, 2020

Indicating a faster-than-expected recovery, remittances from migrant labourers and the number of first-time EPFO registrations have crossed the pre-lockdown levels in September, according to a report

Non-food bank credit growth decelerated to 5.8% in Sept

Non-food bank credit growth decelerated to 5.8% in Sept

Fri, Oct 30, 2020

Non-food bank credit growth decelerated to 5.8 per cent in September 2020 from 8.1 per cent in the same month of the previous year, according to the RBI data

India will be one of fastest-growing economies next year: Nirmala Sitharaman

India will be one of fastest-growing economies next year: Nirmala Sitharaman

Tue, Oct 27, 2020

Finance Minister Nirmala Sitharaman on Tuesday indicated that contraction in the economy due to COVID-19 may come down to near zero this fiscal amid the ongoing economic revival and next year India will be one of the fastest-growing economies.

GST annual returns filing deadline for FY19 extended till December 31, says CBIC

GST annual returns filing deadline for FY19 extended till December 31, says CBIC

Sat, Oct 24, 2020

The government had last month extended the last date for filing GST annual return and audit report for the 2018-19 fiscal by a month till October 31, 2020.

Rate cut will depend upon moderation in inflation: RBI Governor Das

Rate cut will depend upon moderation in inflation: RBI Governor Das

Fri, Oct 23, 2020

Reserve Bank Governor Shaktikanta Das has said that there is room for rate cut but monetary policy action would depend upon the evolving situation on the inflation front which is currently above the tolerance level of the central bank

Time to rebuild demand, says principal eco adviser

Time to rebuild demand, says principal eco adviser

Fri, Oct 23, 2020

Principal Economic Adviser Sanjeev Sanyal on Thursday said time has come to give a push for reinflating demand in the economy hit hard by the COVID-19 pandemic

Next stimulus should focus on short-gestation infra projects: Niti Aayog Vice Chairman

Thu, Oct 22, 2020

Niti Aayog Vice Chairman Rajiv Kumar?on Thursday said the Indian economy might end up with a lower contraction in the current fiscal than projected by various organisations and also stressed that the next stimulus should focus on short-gestation infrastructure projects

Make in India: Boost for domestic shipping industry; Indian Shipping companies to get Right of First Refusal for ship chartering

Make in India: Boost for domestic shipping industry; Indian Shipping companies to get Right of First Refusal for ship chartering

Thu, Oct 22, 2020

In pursuance of ‘Make in India’ policy of the Government of India, Ministry of Shipping has reviewed the ROFR (Right of First Refusal) licensing conditions for chartering of vessels/Ships through tender process for all types of requirements.

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