BUSINESS
India Overtakes Japan to Secure Fourth Position in Global Economy: NITI Aayog CEO
"We are the fourth largest economy as I speak. We are a $4 trillion economy, and this is not my data. This is data of the International Monetary Fund (IMF). India today is larger than Japan," Subrahmanyam said on Saturday, speaking at the media after the 10th meeting of the NITI Aayog Governing Council concluded.
Government Confirms 8.25% Interest Rate on PF Deposits for FY 2024-25
Earlier this February, the Employees' Provident Fund Organisation (EPFO) had declared that it would maintain the EPF interest rate unchanged at 8.25% for FY25. This was done in a meeting of the EPFO's Central Board of Trustees, which took place in the national capital.
India’s Ambassador to UAE Highlights Growing GCC Backing for India’s Counter-Terrorism Initiatives
Ambassador Sudhir appreciated the recent visit of the all-party delegation headed by Shrikant Shinde, which he termed as very successful in communicating India's stand on the issue.
Trump Proposes 50% Tariffs on EU and 25% Penalties on Apple
As reported by The Associated Press, these threats, sent on social media, illustrate Trump's special ability to unsettle the worldwide economy with the simple click of a keyboard.
IMF Defends Pakistan Bailout Package Following India’s Objections
The IMF recently cleared a $1 billion (about ₹8,000 crore) financial package for Pakistan, even as New Delhi expressed serious objections to the move.
Fitch Raises India’s 5-Year Growth Outlook to 6.4%
The upward revision is made at a time when the country's labor force participation rate has shown a sharp increase in the recent years.
India's Oil Demand Set to Outpace China's in the Coming Decade, Says Moody's
China and India are currently the world's second and third-largest consumers of oil, respectively. But Moody's points out major distinctions in how demand is going to develop in these two nations.
RBI Highlights India’s Resilience Amid Global Economic Uncertainties Impacting Advanced Economies
The central bank said that while a temporary truce on tariffs brought some relief in the face of continued challenges, the general outlook for the global economy continues to be weak.
RBI Set to Transfer Record Rs 2.5-3 Lakh Crore Dividend to Government, Boosting Fiscal Strength
This upcoming dividend is a huge jump from the dividend of Rs 2.1 lakh crore paid last year.
IndusInd Bank Posts Rs 2,329 Crore Q4 Loss, Plans Fresh CEO Nominations
This major loss is in the context of a derivatives accounting shortfall that has taken an enormous toll on the bank's net value.
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