Summary Traders sees risks from growth-focused budget, record borrowing High oil prices, prospect of Fed hikes contribute to worries Cenbank held key repo rate at record low of 4% since May 2020 Plan to borrow record 14.95 trln rupees exceeds market estimates NEW DELHI, Feb 2 – India’s […]
Summary Finance minister unveils higher spending on infrastructure Allocates higher subsidies ahead of state elections Indian economy projected to grow 8%-8.5% in 2022/23 NEW DELHI, Feb 1 – India’s government will step up spending to 39.45 trillion rupees ($529.7 billion) in the coming fiscal year to build public […]
PATNA, India, Jan 31 – Niranjan Kumar, the eldest son of a small farmer in the eastern Indian state of Bihar, was one of 12.5 million youngsters who applied for 35,000 jobs when the railways department started recruitment examinations more than a year ago. The mathematics graduate, 28, […]
Summary Economy well placed to face challenges in 2022/23 – report Inflation, new coronavirus cases pose risk to economic growth Finance minister to announce annual budget for 2022/23 on Feb 1 NEW DELHI, Jan 31 – India has forecast its economy will grow 8% to 8.5% for the […]
New Delhi, Jan 31: India’s economy is expected to grow by 8-8.5 per cent in the fiscal beginning April 1 and is well placed to meet the future challenges on the back of widespread vaccine coverage, supply-side reforms and easing of regulations, said the pre-Budget Economic Survey on […]
New Delhi, Jan 31: Indian economy contracted by 6.6 per cent in 2020-21 as against the earlier estimate of 7.3 per cent decline, showing that the COVID-19 pandemic hit economy did not perform as badly as was initially worked out. As per the provisional estimates released in May […]
DINGUCHA, India, Jan 28 – Relatives and neighbours of the Indian family who froze to death near the US-Canada border last week said the father repeatedly failed to secure better paid jobs in recent years, prompting them to take a risky trip aided by an illegal migrant network. […]
NEW DELHI, Jan 27 – India’s Tata Group took control of state-run carrier Air India on Thursday, regaining ownership of the airline after nearly 70 years and marking a victory for Prime Minister Narendra Modi’s privatisation push. The auto-to-steel conglomerate in October won the bid to take over Air India […]
New Delhi, Jan 28: The Supreme Court on Friday held that a resolution suspending 12 BJP MLAs from the Maharashtra Legislative Assembly beyond the period of the remainder of the session held in July 2021 is unconstitutional and irrational . The apex court delivered its verdict on the […]
Srinagar, Jan 28: A policeman escaped a bid on his life by unidentified gunmen in Baramulla district of Jammu and Kashmir on Friday, officials said. The pistol-borne gunmen opened fire on constable Muneer Meraj near his residence in SD Colony in Batamaloo area, they said. They said the […]
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