India’s Accreditation System Ranks 5th Globally; Overall Quality Infrastructure System in Top 10
February 13, 2023
India’s national accreditation system under the Quality Council of India (QCI) has been ranked 5th in the world in the recent Global Quality Infrastructure Index (GQII) 2021 which ranks 184 economies based on quality infras ...
RBI Releases Quarterly OBICUS for Manufacturing Companies
February 9, 2023
The Reserve Bank of India has released the results of its 59th round of the quarterly Order Books, Inventories and Capacity Utilisation Survey (OBICUS)
Highlights of Budget 2023: Measures Announced to Boost Exports & Manufacturing
February 2, 2023
In the Union Budget 2023-24, Finance Minister Nirmala Seetharaman has announced slew of measures to boost exports and help accelerate growth of manufacturing in the country. Following are the highlights for the export and m ...
Highlights of the Economic Survey 2023: India Remains Fastest Growing Economy, GDP for FY24 at 6-6.8%
January 31, 2023
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, presented the Economic Survey 2022-23 in the Union Parliament today. The highlights of the Survey are as follows:
IMF Projects India Growth at 6.1% in FY 2023; Global Growth at 2.9%
January 31, 2023
The International Monetary Fund (IMF) said it is expecting some slowdown in the Indian economy next fiscal year and projected growth to slow down to 6.1 percent from 6.8 percent during the current fiscal ending March 31.
RBI Releases Discussion Paper on Securitisation of Stressed Assets Framework (SSAF)
January 30, 2023
The Reserve Bank of India recently released the Discussion Paper on SSAF inviting comments from stakeholders.
Agriculture Infrastructure Fund Crosses Rs.30,000 Crore of Capital Mobilisation
January 23, 2023
As per the Government, within two-and-a-half years of the implementation of the Agriculture Infrastructure Fund (AIF), the scheme has mobilised more than Rs.30,000 crore for projects in the agriculture infrastructure sector w ...
Directorate General of Foreign Trade (DGFT) Simplifies Composition Fee for Export Obligation Extension under Advance Authorization Scheme
January 19, 2023
The Directorate General of Foreign Trade (DGFT) has notified the amended rules for calculating Composition Fee for extending Export Obligation under Advance Authorization Scheme.
India-China Trade Climbs to USD 135.98 Billion in 2022, Trade Deficit Crosses USD 100 Billion for First Time
January 13, 2023
Trade between India and China touched an all-time high of USD 135.98 billion in 2022 while New Delhi's trade deficit with Beijing crossed for the first time a USD 100 billion mark, according to data released by the Chinese cu ...
India Growth Projected at 6.6% in FY23; World Close to Recession: World Bank
January 12, 2023
In its annual Global Economic Prospects Report, the World Bank has slashed its 2023 growth rate projection by nearly half to 1.7%, on the background of elevated inflation, higher interest rates, reduced investment, and disrup ...
RBI Notifies Revised List of Accredited Credit Rating Agencies
January 10, 2023
The Reserve Bank of India (RBI) notified the revised list of accredited credit rating agencies for the purpose of assigning risk weight to assets for capital adequacy purposes by the banks.
Cabinet approves ₹ 19,744 crore National Green Hydrogen Mission
January 5, 2023
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the National Green Hydrogen Mission.
ADB, India Sign $350 Million Loan to Improve Connectivity in Maharashtra
January 4, 2023
The Asian Development Bank (ADB) and the Government of India signed a $350 million loan to improve the connectivity of key economic areas in the state of Maharashtra.