Search Results for: weakening consumption

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
Reserve Bank Of India

RBI Keeps Repo Rate Unchanged, focuses on Price Stability

RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided by a 4:2 majority to keep the repo rate unchanged as inflation has risen above 5 per cent and is still above the targeted level of 4 per cent. Aug 8, 2024
Immediate action on methane emissions crucial to mitigate climate crisis

Urgent Action on Methane Emissions: A Key to Climate Crisis Mitigation

A recent study highlights the urgent need for action on methane emissions, responsible for half of global warming. The Global Methane Pledge aims to reduce methane emissions by 30% from 2020 levels by 2030. NASA's EMIT instrument can detect large methane sources, aiding in climate change mitigation. The Intergovernmental Panel on Climate Change emphasizes the need for immediate action on methane emissions to limit global temperature rises. Jul 31, 2024
Doctors report significant surge in Hepatitis A cases in Delhi

Alarming Surge in Hepatitis A Cases in Delhi

Doctors in Delhi have reported a significant surge in Hepatitis A cases over the past two months. The disease has seen a dramatic increase in cases, with numbers rising from an average of three per month from January to May, to 22 cases in June and 20 cases already recorded in July. Jul 28, 2024
Finance Minister Nirmala Sitharaman

Comprehensive review of Income Tax Act announced in Union Budget

Finance Minister Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961 to simplify the tax regime. The tax regime for charities, TDS rate structure, and capital gains taxation are also being simplified. The government's efforts to simplify taxes are part of a broader effort to improve taxpayer services and reduce litigation. The government also announced measures to make life and health insurance plans more affordable. Jul 23, 2024
Union Budget: India to give further push to green energy

Union Budget: India to give further push to green energy

The Union Budget 2024-2025 will give a further push to prioritise environmental, social, and governance (ESG) and sustainability initiatives to drive long-term economic growth and environmental resilience, experts said on Monday. Jul 22, 2024
Consumption of natural gas rises by 7 pc in June as more Indians switch to green fuel

Going green? Consumption of natural gas rises by 7% in June

The consumption of natural gas in India went up 7.1 per cent in June to 5,594 million metric standard cubic metres (MMSCM), this year compared to the same month last year, as more households across the country are using the fuel for cooking; the demand is also rising in the urban transport segment, according to data compiled by the Ministry of Petroleum and Natural Gas. Jul 18, 2024
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