Indian Economy

Bank credit growth slowed down to 16.8% in the October-December 2022 period from a year earlier, RBI data showed. This compares with 17.2% seen in the previous quarter, according to the quarterly statistics on bank deposits and credit, released by the Reserve Bank of India. A year earlier, credit growth …

The One District One Product (ODOP) programme under Department of Commerce (DoC) and Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry is aimed at creating sustainable employment at the district level while promoting holistic socio-economic development. The idea is to select, brand, and promote …

India’s research and development (R&D) expenditure-GDP ratio of 0.7% is very low when compared to major economies and is much below the world average of 1.8%. The main reason is the low investment in R&D by the corporate sector. While the corporate sector accounts for about two-thirds of gross domestic …

India’s Goods and Services Tax (GST) revenues grew 12.7% in January to hit almost ₹1.59 lakh crore, the second highest monthly collections on record, as per revised figures from the Finance Ministry. Earlier estimates of GST revenues for January had pegged collections at about ₹1.56 lakh crore till the evening …

India continues to remain a relative “bright spot” in the world economy, and will alone contribute 15% of the global growth in 2023, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said. While digitisation pulled out the world’s fifth-largest economy from pandemic lows, prudent fiscal policy and significant financing for …

The divide between the rural and the urban has grown due to an inherent urban bias among policymakers and institutions, including the government. This happens because groups in urban areas are able to effectively influence these institutions in their favour. Second, the spill-over from markets in urban areas is also …

⦁ Online payment aggregators can onboard digital merchants and accept payments on their behalf after getting a licence from the RBI. ⦁ The central bank introduced a framework for such entities in March 2020. ⦁ The RBI has for the first time released a full list of the entities to …

On February 3, the Union government hiked the windfall profit tax levied on domestically-produced crude oil as well as on the export of diesel and aviation turbine fuel (ATF). Just three days before this, the Chairman of the Central Board of Indirect Taxes & Customs Vivek Johri, told PTI that prices of …

The estimation in Census 2011, that 2.21% of India’s population is disabled is a gross underestimation. According to the World Health Organization, about 16% of the global population is disabled. If that figure is extrapolated to the Indian context, it would mean at least 192 million disabled people. While technology …

A strike on the Adani group by short-seller the U.S.-based Hindenburg Research has led to the unravelling of the Gautam Adani story, which celebrated the spectacular rise, in an extremely short period of time, of the wealth of a man and his business empire. Much of that wealth disappeared following …