Tag Archives: economy

Police have arrested thousands of farmers as they tried to march towards the Indian capital as part of their Dilli chalo (Go to Delhi) protest against the new legislation passed by the right-wing government which they say will reduce their profits and benefit large corporations. Police in the neighboring New …

The Indian economy has shown a stronger than expected rebound in the recovery, Reserve Bank of India Governor Shaktikanta Das said on Thursday, adding that there is a need to keep an eye on the sustainability of demand after the end of the festivities. Speaking at the annual event of …

India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more aggressive schedule than before despite the coronavirus pandemic that ruins the economy. The country’s energy minister was quoted in June as saying that India’s oil …

India withdrew from the Regional Comprehensive Economic Association (RCEP) last year as joining it would have had quite negative consequences for the country’s economy, Foreign Minister S Jaishankar said on Wednesday. In a speech at an online discussion hosted by the Center for European Policy Studies, Jaishankar also lobbied for …

India did not join the Regional Comprehensive Economic Partnership (RCEP) trade agreement because it would have had “negative consequences”, although the country is interested in a “fair and balanced” free trade pact with the European Union (EU), Minister of Affairs Foreign S Jaishankar said on Wednesday. New Delhi had indicated …

Negative real rates in India and the recovery in growth coupled with high inflation suggest that its central bank has little room for more monetary stimulus, but policy is likely to remain flexible, economists and analysts said. Industrial production in September grew for the first time in six months, while …

China and 14 other countries agreed to form the world’s largest free trade bloc, which encompasses nearly a third of all economic activity, in a deal that many in Asia hope will help accelerate recovery from the impacts of the coronavirus pandemic. The Regional Comprehensive Economic Association, or RCEP, was …

What did the RBI warn about falling GDP amid the pandemic and what awaits us? The story so far: The latest monthly newsletter of the Reserve Bank of India (RBI) features an article by an official in its Monetary Policy Department titled ‘An Index of Economic Activity for India’, where …

NEW DELHI: Finance Minister Niramala Sitharaman announced on Thursday an Emergency Credit Line 2.0 Guarantee (ECGLS) scheme for 26 stressed sectors, including energy, construction, real estate, iron and steel manufacturing. Identified by the KV Kamath committee, the entities of these 26 sectors, as well as the health sector, have outstanding …

Once again, the government has relied on financial intermediaries in India to give a third boost to the economy that is already on the way to recovery. The Atmanirbhar Bharat 3.0 package announced on Thursday had 12 measures focused on generating employment, boosting manufacturing activity, helping rural recovery and improving …