Search Results for: fiscal deficit

Food & grocery delivery, digital payments top Indians' priorities on smartphones

Daily online grocery demand slows down, FMCG sales drop: Report

India's FMCG sector growth slows to 4% in Q1 FY25, but rural demand rises, driving optimism for 4.5-6.5% growth in FY24.

Aug 9, 2024

India's forex reserves at historic high of $675 billion: RBI chief

India's Forex Reserves Soar to Historic $675 Billion

India's foreign exchange reserves have reached a record high of $675 billion, showcasing the country's external sector resilience. Key indicators like current account deficit, services exports, and remittances have improved. Despite global economic challenges, India's economy remains strong

Aug 8, 2024

RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

The Reserve Bank of India (RBI) announced a projected GDP growth of 7.2% for India in the fiscal year 2024-25. This projection, made on August 8, 2024, is based on the strength of investment demand, steady urban consumption, and rising rural consumption.

Aug 8, 2024

Toll fee collection on national highways reached Rs 54,811 crore in FY24: Nitin Gadkari

Toll fee collectionson highways reach Rs 54,811 crore in FY24: Nitin Gadkari upbeat

The toll fee collection on national highways under the National Highways Authority of India (NHAI) was Rs 54,811.13 crore in the fiscal 2023-24, the Parliament was informed on Wednesday.

Aug 7, 2024

Number of medical colleges in India rose to 731 from 387 in 2014: JP Nadda

Noting that the NDA government has strengthened health infrastructure in India, Union Health Minister JP Nadda in Lok Sabha on Monday, said that the number of medical colleges in the country has risen to 731 from 387 in 2014.

Aug 5, 2024

Mizoram rail bridge collapse: PM Modi condoles deaths, announces compensation

PM Modi highlights unprecedented infrastructure growth and fiscal prudence at CII Conference

Prime Minister Narendra Modi addressed the CII's "Journey Towards Viksit Bharat" conference, emphasizing India's rapid infrastructure development, fiscal prudence despite the pandemic, and the government's clear commitment to improving ease of living and quality of life for all citizens.

Jul 31, 2024

Ola Electric Faces Data Theft Allegations Amid IPO Preparations

Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has been accused of data theft by CE Info Systems Ltd, the parent company of MapMyIndia. The allegations, which have been vehemently denied by Ola Electric, have sparked a legal battle that could have far-reaching implications for both companies.

Jul 30, 2024

Budget Reflects India's Move Towards Global Dominance in Sunrise Sectors: PM

The Union Budget 2024-25 reflects optimism, with increased capital expenditure and a focus on green energy.

Jul 30, 2024

Ola Electric ends FY24 with record 115 pc growth

Ola Electric IPO to open in Rs 72-76 price band for subscription on August 2

Homegrown EV firm Ola Electric is set to offer shares in the price band of Rs 72-76 in its initial public offering (IPO) worth Rs 5,500 crore that will open for subscription on August 2 and close on August 6.

Jul 29, 2024

Apple set to manufacture high-end iPhone 16 Pro models in India, to arrive soon after global launch

In a fillip to the country's local manufacturing success story, tech giant Apple is set to make itsApple set to manufacture high-end iPhone 16 Pro models in India, to arrive soon after global launch available in the country right after the global launch this fall, industry sources said on Friday.

Jul 27, 2024

iPhone exports touch new all-time high in April-June quarter

In yet another success story of India's local manufacturing push, iPhone maker Apple has achieved record exports numbers in the April-June quarter in the country, reaching around $3.8 billion.

Jul 27, 2024

India's Forex reserves surge to lifetime high of $670.86 bn

India's foreign exchange (Forex) reserves rose for the third-consecutive week to touch a new lifetime high of $670.86 billion as of July 19, according to the latest data released by the RBI on Friday.

Jul 26, 2024

Telangana presents Rs 2.91 lakh crore Budget with focus on guarantees

Telangana Deputy Chief Minister Mallu Bhatti Vikramarka, who also holds the Finance portfolio, on Thursday presented the state Budget of Rs 2.91 lakh crore for 2024- 25, with focus on welfare and fulfilling the six guarantees of the Congress government.

Jul 25, 2024

Monsoon Session of Parliament begins today

Budget session witnesses Opposition protests over allocations and new criminal laws

The Opposition staged walkouts, alleging bias against opposition-ruled states in the Union Budget, with Congress MP Manish Tewari criticizing new criminal laws. The government defended the Budget and new criminal laws, with Sitharaman emphasizing progress and Home Minister Amit Shah arguing for justice.