Category: Politics

The US Federal Reserve on Wednesday cut interest rates, lowering the benchmark federal funds rate by 25 basis points to 3.75%-4%, marking the second consecutive rate reduction this year as policymakers look to support growth amid signs of a softening labour market. The decision was in line with market expectations, as traders had fully priced in […]

India has launched 291 integrated cold chain projects under the Integrated Cold Chain and Value Addition Infrastructure Scheme since 2008, creating a preservation capacity of 25.52 lakh metric tonnes annually, the government informed on Wednesday. New Delhi, India has launched 291 integrated cold chain projects under the Integrated Cold Chain and Value Addition Infrastructure Scheme since […]

The Reserve Bank of India (RBI) accelerated the process of bringing home gold with it onshoring nearly 64 tonnes in the half year to September amid rising global scepticism over keeping sovereign assets offshore in an era of financial warfare to settle geopolitical scores. Of the 880.8 tonnes of gold held at the end of September, […]

Mumbai|New Delhi: The Centre is considering sale of stake worth $1-1.5 billion (₹8,800-13,200 crore) in Life Insurance Corp (LIC) of India by year-end, with roadshows likely in the next few weeks, said people aware of the matter. The exercise is part of the government’s effort to increase the public float to 10% as mandated by the […]

New Delhi, The approval of the first tranche of seven projects worth over Rs 5,500 crore under the Electronics Components Manufacturing Scheme (ECMS), announced by Union Minister Ashwini Vaishnaw on Monday, signals a strong push to deepen India’s electronics value chain. The initiative reflects the government’s focus on building a robust domestic base for high-value components […]

GST 2.0 Boosts India’s Economy: Positive Trends and Growth Forecasts as Consumer Demand Soars New Delhi, The rollout of GST 2.0 has started showing a positive impact on India’s economy, with stronger consumption trends, higher sales across key sectors, and improved consumer sentiment, Finance Ministry’s data showed on Monday. The reform, coupled with the festive season, […]

Leveraging India’s Digital Public Infrastructure to Unlock Credit Access for 450 Million Untapped Borrowers New Delhi, India’s Digital Public Infrastructure (DPI) including Aadhaar, Unified Lending Interface (ULI) and Unified Payments Interface (UPI) should be leveraged to provide credit access to 450 million untapped borrowers, a report said on Monday. India’s DPI played a key role in […]

Mumbai: Most countries with top gold reserves have reduced their dollar assets held in US Treasury bills since 2017, the first time Donald Trump took office, an ET analysis showed. Although India has increased in absolute terms its US T-Bill holdings, New Delhi also doubled the share of gold holding in total reserves. The reduced share […]

Exporters of these items must apply for a licence as well as indicate whether they are dualuse controlled (where the items have both civilian and military applications), it said. India’s ₹7,300 crore scheme to incentivise the local production of rare earth minerals and magnets could face hurdles, because of China’s latest curbs on exports of equipment […]

India and the US are “very near” to concluding their proposed bilateral trade agreement (BTA), as both sides are converging on most issues and working on the legal language of the pact, an official said Friday. The two sides are finding common ground on pending matters, the official added, ruling out the emergence of any new […]