Key Points
Finance minister Nirmala Sitharaman Thursday said India remains in a "rare position of being optimistic" about its future growth prospects even when the global economy is undergoing a period of gloomy growth and elevated inflation...
She pledged more steps to boost supplies of essential commodities like pulses, tomato and onion to curb food inflation on top measures already taken by the government...
Her comments came on a day when the Reserve Bank of India (RBI) raised retail inflation forecast for FY24 by 30 basis points to 5.4%...
Similarly, India has removed import curbs to buy tomato from Nepal and the first consignment will likely reach Varanasi, Lucknow and Kanpur by Friday, she added...
The National Cooperative Consumers' Federation of India (NCCF) is planning to conduct mega sales of tomatoes in the national capital region at a subsidised rate of 70 per kg this weekend, she said..
You might be interested in
Economy gaining from manufacturing boost: Nirmala Sitharaman
08, Dec, 23The second-quarter growth was very high - it is the highest in the world, Sitharaman said, replying to a short-duration discussion on the state of the economy in the Rajya Sabha. We continuously maintain that momentum of being the fastest-growing economy.
‘Past govts used to sell dreams to people’: Sitharaman in Lok Sabha
10, Aug, 23Sitharaman accused the previous UPA regime of wasting an entire decade, referring to its tenure from 2004 to 2014. | Latest News India
Onion, tomato price fall made food prices ease in January: Crisil report
07, Feb, 24The Roti Rice Rate (RRR) report noted that the price of a vegetarian thali has gone up by 5 per cent in the last one year, while for a non-vegetarian thali, the price has gone down by 13 per cent.
Independence Day 2023: ‘Our govt controlled inflation efficiently' says PM Modi at Red Fort, vows to minimise impact
15, Aug, 23PM Modi acknowledges inflation, assures to minimise impact of soaring prices during his Independence Day speech at Red Fort.
Extreme deprivation, once synonymous with India, is set to become extinct: RBI
21, May, 24The Reserve Bank of India, in its monthly bulletin, highlighted India's imminent economic upturn, noting international recognition and anticipation of poverty eradication. The central bank emphasized growing optimism globally and cited commendation from external agencies like the International Monetary Fund for India's significant strides in reducing poverty.
India's central bank holds key rate steady as expected; signals tighter policy
10, Aug, 23The Reserve Bank of India held its key lending rate steady on Thursday as expected but moved to reduce the amount of cash in banking system as inflation concerns resurfaced following higher-than-usual seasonal spikes in food prices in recent weeks.
IMF raises India’s FY24 forecast to 6.1%
25, Jul, 23“Growth in India is projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment,” the IMF stated in its July update of the World Economic Outlook (WEO).
India's retail inflation surges 4.81% in June on higher food prices; May IIP rises to 5.2%
12, Jul, 23Uneven monsoon rains have damaged crops of some perishable foods and hindered the movement of goods, resulting in shortages of basic ingredients for cooking
'Centre-state synergy important for system to be transparent': Sitharaman on road for reforms
02, Feb, 24Finance Minister Nirmala Sitharaman on Friday said that for the system to become more transparent more things will have to be done to ensure that we work together with states, in an effort to continue on the road for reforms.
India's economy burns bright, but watch out for these 4 risks in 2024
01, Jan, 24India recorded a GDP expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent. Yet, there are risks to the economic growth and stability in 2024.