Nivedita Mukherjee

India records 45 per cent growth in digital payment

December 20, 2023

Riding on the coordinated efforts of the Government with all stakeholders, India’s total digital payment transactions volume increased from Rs 2,071 crore in financial year 2017-18 to Rs 13,462 crore in FY 2022-23 at a compounded annual growth rate of 45 per cent. The digital payments transactions have reached Rs...

India, US step up cooperation to curb illicit finance risks, money laundering

December 15, 2023

India and the US are looking at enhanced collaboration in combating money laundering and other financial crimes, which would involve greater transparency in beneficial ownership, including the implementation of beneficial ownership registries, tools to improve data quality and verification of the information. The two sides will pursue opportunities to enhance...

Nov WPI inflation in positive zone at 0.26 % on sharp rise in food prices

December 15, 2023

India’s inflation based on the wholesale price index (WPI) in November 2023 increased to 0.26 per cent on a year-on-year basis over November, 2022, led by a sharp spike in food prices. The positive rate was primarily due to increase in prices of food articles, minerals, machinery and equipment, computer,...

Central PSEs cross Rs 1 lakh crore in GeM procurement in 6.5 months FY24

December 15, 2023

India’s central public sector enterprises (CPSEs) have contributed a significant 63 per cent of the total gross merchandise value of Government e-marketplace (GeM), surpassing INR 1 lakh crore in just 6.5 months of FY 2023-24. This marks 166 per cent increase in the CPSEs’ share of the total order value...

India’s retail inflation shoots up to 5.5 per cent in Nov, 2023

December 13, 2023

India’s retail inflation measured by the Consumer Price Index (CPI) shot up to 5.55 per cent in November 2023, from 4.9 per cent in October 2023, driven by food items--as shows official data released on Tuesday – and uncomfortably above the Monetary Policy Committee’s (MPC) long-term target of 4 per...

RBI stays on disinflationary track, keeps Repo rate intact at 6.50 %

December 9, 2023

In a continued thrust on disinflationary monetary policy, the Reserve Bank of India on Friday kept key policy rates unchanged with Repo at 6.50 per cent, the standing deposit facility (SDF) rate at the same 6.25 per cent and the marginal standing facility (MSF) rate and the bank rate at...

India’s well set as fastest growing major economy, schemes changing common lives

December 8, 2023

Finance Minister Nirmala Sitharaman on Thursday strongly underlined India’s steadfast position as the fastest-growing major economy, with inflation averaging around 5.5 per cent during 2014-15 to 2023-24, manufacturing sector registering highest growth of 13.9 per cent in Q2 this year and execution of the Government’s new schemes making significant difference...

BJP win in 3 states positive, expected to calm market over policy risks: Nomura

December 5, 2023

India’s state election results in three key Hindi heartland states—Madhya Pradesh, Rajasthan and Chhattisgarh—with a decisive win for the ruling Bharatiya Janata Party has come as a positive surprise and is expected to ally market concerns over political risks and fiscal populism at the margin, according to Nomura analysts. The...

India’s engineering exports to China decline in Oct

November 29, 2023

India’s export of engineering goods to China declined in October 2023, even as the shipments surged to as many as 18 countries, including the US, UK, and Germany, out of the 25 top destinations that globally recorded positive growth last month. During this period, engineering exports to China dipped 6.4...

India pursuing Middle East Corridor on long term consideration: Sitharaman

November 28, 2023

Finance Minister Nirmala Sitharaman on Monday emphasised that the Government was pursuing the India Middle East Corridor project which has long term considerations and that it would not be dependent on one or the other major event of concern. “It is something in which the vision will drive the implementation...

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