Sidhartha K

India competitive, not dependent on China+1: Piyush Goyal

Sep 25, 2024

Underway in a TN small town, three mini revolutions

Sep 15, 2024Ambur is putting ‘made in India’ shoes on feet around the world, creating jobs in the region and providing agency to women in the process

Tackling pension pains – From OPS to NPS to UPS

Aug 25, 2024GOI’s latest pension formula is a step back from its earlier one, remains contributory, but isn’t a rollback to the OPS. Govt fills the gap between market returns and a 50% assured pension. Here’s the lowdown

Centre to transfer extra instalment of taxes to states in June

Jun 10, 2024The central government announced an extra instalment of taxes totalling Rs 1,39,750 crore for June 2024, as a goodwill gesture due to robust cash flows and solid revenue receipts. This brings the total amount devolved to states in the current financial year to nearly Rs 2.8 lakh crore, aiming to accelerate development and capital spending.

WTO chief sees link between climate change and trade

Feb 26, 2024WTO director general Ngozi Okonjo-Iweala expressed support for trade discussions on climate change and emphasized the role of trade in addressing environmental issues, including the diffusion of technology. She highlighted the need to address fisheries and agriculture, praised the investment facilitation agreement, and emphasized the need for WTO reform.

RBI, government working together to ensure inflation remains in check: Piyush Goyal

Feb 9, 2024Piyush Goyal, the minister of commerce and industry, emphasized the coordination between the Reserve Bank of India (RBI) and the government in managing monetary and fiscal policies to keep inflation in check. He expressed confidence on behalf of the BJP, stating that the party trusts the public to acknowledge the impact of the Modi administration's efforts over the past decade, setting the stage for the upcoming general elections.

Government warns social media platforms against acting as gatekeepers on content monetisation

Feb 9, 2024The Center announced that social media platforms could potentially face legal consequences if they neglect to monitor and control the spread of misinformation, child sexual abuse material (CSAM), and artificially generated content like deep fakes. Simultaneously, significant internet corporations were cautioned against assuming the role of gatekeepers on the internet, as this could adversely impact the monetization endeavors of content creators, including news organizations.

India's growth to remain robust, world economy to slow down in 2024: World Bank

Jan 9, 2024The World Bank expects the Indian economy to maintain strong growth in the next fiscal year, with GDP projected to grow at 6.5% in 2025 and will retain its crown as the world’s fastest-growing major economy. The govt's advance estimates also predict a growth rate of 7.3% for the current financial year. Despite a slight deceleration in investment and tapering of consumption demand, and bank balance sheets, and public investment will continue to drive growth.

World bank president Ajay Banga outlines move to make World Bank 'better, bigger', calls for more capital from shareholders

Oct 11, 2023World Bank President Ajay Banga has outlined steps to make the agency more focused on output and expand its capital base. These measures would allow the World Bank to provide an additional $150 billion in support over 10 years. The World Bank will also seek shareholder approval to expand its mandate to include combating climate change and addressing other public goods.

India, US providing good news to global economy: World bank chief economist

Oct 11, 2023World Bank chief economist Indermit Gill on Wednesday said that India and the US were providing good news to the global economy but cautioned against slowing global growth due to high interest rates. “In spite of all the shocks, we haven’t seen any big economy get into trouble,” he said at a press conference.