Nivedita Mukherjee

Pact on interlinking of UPI & UAE’s AANI platform, deal on IMEE Corridor to cement ties

February 14, 2024

In a significant scale-up of bilateral relations, Prime Minister Narendra Modi and President of the UAE Mohamed bin Zayed Al Nahyan on Tuesday reviewed the partnership between India and the UAE during an one-on-one and delegation level talks which included discussions on new areas of cooperation and deepening of the...

Modi jointly inaugurates UPI services with Mauritius PM, Lankan Prez

February 13, 2024

India’s Unified Payments Interface (UPI) on Monday witnessed a significant cross border leap aligning with India’s ‘Neighbourhood First’ policy, with Prime Minister Narendra Modi along with the President of Sri Lanka Ranil Wickremesinghe and Prime Minister of Mauritius Pravind Jugnauth jointly inaugurating the launch of the UPI services in Sri...

Economy was non-performing in UPA govt: White Paper

February 9, 2024

Lost decade, crisis of leadership, scams, policy misadventures, says White Paper on economy. An inheritance of a reform ready healthy economy rendered non-performing in 10 years, squandering away of credit for the 1991 economic changes after coming to power in 2004 and the UPA Government’s quest to maintain high economic...

RBI keeps repo rate unchanged at 6.50%

February 9, 2024

The Reserve Bank of India on Thursday kept the repo rate unchanged at 6.50 per cent, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent, a decision taken in the Monetary Policy...

Budget for Viksit Bharat

February 2, 2024

Balances between prudence and populism Fiscal deficit projected at 5.1% Capex outlay pegged at Rs 11,11,111 crore. In an interim Budget which walks the tightrope between prudence and populism and manages to straddle the shores of reforms and economic management, Finance Minister Nirmala Sitharaman set an ambitious agenda to leverage...

India’s April-Dec fiscal deficit grows to Rs 9.82 lakh crore, 55% of FY24 target

February 1, 2024

The Government’s fiscal deficit grew to Rs 9.82 lakh crore in April-December, accounting for 55.0 per cent of the full-year target of Rs 17.87 lakh crore for the first nine months of the current financial year, ahead of the interim Budget for 2024-25 to be tabled by the Finance Minister...

President Macron’s visit to India

January 25, 2024

As President of France Emmanuel Macron lands in India to be the Chief Guest for the Republic Day celebrations, the visit will be a befitting culmination of a 10-month successive run of economic engagement and gains spanning April-to-January period of FY 2023-24 which saw the bilateral relationship cross significant milestones...

Puri supports India using Russian Oil, seeks partnerships worldwide

January 19, 2024

Petroleum Minister Hardeep Singh Puri has defended India's shift towards Russia for oil supply, as a move prompted by costly shipments from traditional Middle East suppliers. Top suppliers like Saudi Arabia and Iraq were charging a premium for crude oil supplies to Asian markets which compelled India to diversify its...

Scindia inaugurates ‘Wings 2024’

January 19, 2024

Asia’s largest event on civil aviation encompassing commercial, general and business segments ‘Wings India 2024’, started on Thursday in Hyderabad with launch of new UDAN 5.3 scheme, launch of the Airbus-Air India Training Centre, Airbus manufacturing contracts with TATA ASL and Mahindra Aerospace Structures to foster more pilots and GMR...

PLI schemes spur over Rs 1L cr investments till Nov 2023

January 18, 2024

The Government’s Production Linked Incentive (PLI) schemes have witnessed over Rs 1.03 lakh crore of investment till November 2023, which has led to production/sales of Rs 8.61 lakh crore and employment generation (direct and indirect) of over 6.78 lakh. The schemes have witnessed exports surpassing Rs 3.20 lakh crore, with...

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