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IMF Revises India's GDP Growth Forecast To 7% For 2024-25

New Delhi, July 17 -- The International Monetary Fund (IMF) has raised its growth projection for India's gross domestic product (GDP) in the fiscal year 2024-25 by 20 basis points to 7 per cent. This ... Read More


RBI Urged to Develop Framework for Peer Lending and Crowdfunding to Aid MSMEs

New Delhi, July 17 -- In a recent development, Micro, Small, and Medium Enterprises (MSMEs) have called upon the Reserve Bank of India (RBI) to establish a regulatory framework for peer lending and cr... Read More


Baddi MSMEs Encouraged To Adhere Quality & Adopt Eco-Friendly Practices

Baddi, July 17 -- In a significant development for India's pharmaceutical sector, Joint Secretary of the Department of Pharmaceuticals, Palka Sahni, has called for a renewed focus on environmental sus... Read More


India Eyes $100 Billion Trade Target with Russia, Focuses on Electronics and Non-Trade Barriers

New Delhi, July 16 -- In a strategic move to bolster economic ties with Russia amid Western sanctions, India is intensifying efforts to achieve an ambitious USD 100 billion annual bilateral trade targ... Read More


Uniform 5% IGST On Aircraft Parts To Boost Domestic MRO Industry

New Delhi, July 16 -- In a significant move to bolster India's aviation sector, the government has introduced a uniform 5 per cent Integrated Goods and Services Tax (IGST) on aircraft parts. This po... Read More


Calcutta High Court Upholds Arbitral Award, Orders West Bengal to Pay Over Rs. 2000 Crore to Claimant

New Delhi, July 16 -- In a significant ruling, the Calcutta High Court has dismissed a petition by the West Bengal Government and West Bengal Industrial Development Corporation (WBIDC) challenging an ... Read More


Engineering & Electronic Goods Clock Double Digit Export Growth

New Delhi, July 16 -- India's merchandise exports continued their upward trajectory in June, marking the third consecutive month of growth. According to the latest data released by the Commerce Minist... Read More


Telecom Revenue Per User May Grow First Time In Decade By 2026: CRISIL

New Delhi, July 16 -- Recent tariff hikes and increased data usage are expected to significantly boost the Indian telecom industry's average revenue per user (ARPU) to a ten-year high of Rs 225-230 by... Read More


IOC's Green Hydrogen Plant Tender Receives Limited Response, Raising Concerns

New Delhi, July 16 -- In a development that underscores the challenges facing India's nascent green hydrogen industry, Indian Oil Corporation's (IOC) second attempt to secure bids for the country's fi... Read More


India's Exports Show Modest Growth Amid Global Challenges

New Delhi, July 16 -- India's goods exports grew by 2.55 per cent year-on-year in June, reaching USD 35.2 billion, according to data released by the Commerce and Industry Ministry. This growth comes ... Read More