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Food now takes up less in spending bills

New Delhi, Feb. 26 -- Spending on discretionary items-such as durable goods and consumer services-has risen sharply over the past decade or so, even as the share of food in rural Indians' household bu... Read More


Centre released Rs.8.28 lakh crore grants-in-aid to states during FY19-FY23

New Delhi, Feb. 23 -- The central government released over Rs.8.28 lakh crore grants-in-aid to states between FY2019 and FY2023 based on recommendations of successive finance commissions. West Bengal... Read More


India Ratings expects GDP growth to slow to 6.5% in FY25

New Delhi, Feb. 22 -- India Ratings and Research has said it expects the Indian economy to grow 6.5% during FY25, down from the 7.3% growth it estimates for the ongoing fiscal year (FY24). The forecas... Read More


India's economy surges further ahead in February

New Delhi, Feb. 22 -- The Indian economy, which expanded at a four-month high in January, continued to strengthen in February, seeing accelerations in both manufacturing and services sectors during th... Read More


Curbing illegal loan apps discussed at 28th FSDC meeting: Finance ministry

New Delhi, Feb. 21 -- At the 28th Financial Stability and Development Council (FSDC) meeting, chaired by finance minister Nirmala Sitharaman on Wednesday, officials discussed ways to stem the harm cau... Read More


Curbing illegal loan apps, empowering social firms: govt's stability goals

New Delhi, Feb. 21 -- At the 28th Financial Stability and Development Council (FSDC) meeting, chaired by finance minister Nirmala Sitharaman on Wednesday, officials discussed ways to stem the harm cau... Read More


India set for strong growth in FY25 amid global headwinds: Finance ministry

New Delhi, Feb. 20 -- India's economy is performing well, with risks evenly balanced, to achieve 7% growth in FY25, but geopolitical tensions and geo-economic fragmentation pose risks to the country's... Read More


Japan commits $1.55 billion ODA loan for several projects in India

New Delhi, Feb. 20 -- Japan has committed a 232.21-billion-yen (about $1.55 billion) Official Development Assistance (ODA) loan for nine projects across various sectors in India such as road connectiv... Read More


Petroleum exports drop sharply as West tightens squeeze on Russia

NEW DELHI, Feb. 19 -- Earnings from petroleum shipments fell steeply in April-January FY24 due to the global economic slowdown, a rise in domestic consumption, and shrinking discounts on Russian oil. ... Read More


Trade balance with Europe moves into deficit in FY24

New Delhi, Feb. 17 -- India's trade balance with Europe has moved into negative territory over the first three quarters of FY24, with imports exceeding exports during the period. This is a reversal fr... Read More