KOCHI: Even as the global economy is still recovering at a slow pace, the Indian growth story presents a picture of stability and strength, despite the recent surge in retail inflation, RBI governor Shaktikanta Das said here on Saturday. Inflation has gone up in the last two months, but on the whole, its expected to moderate in the coming months. However, the Indian economy is very stable, thanks to factors like the external sector. Our current account deficit last year was 1.1 per cent as again

VIJAYAWADA: The State government on Monday presented the annual budget for financial year 2024-25 with an outlay of Rs 2.94 lakh crore. Presenting the TDP-led NDA governments maiden budget in the State Legislative Assembly, Finance Minister Payyavula Keshav asserted that the budget was aimed at kickstarting the economy with a focus on balancing welfare and development. While the proposed revenue expenditure is Rs 2,35,916.99 crore, the capital expenditure has been pegged at Rs 32,712.84 crore. T

WASHINGTON: A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said Friday. Observing that better days are ahead primarily because of the coordinated action between countries and multilateral financial institutions, the finance minister at the same time sounded a note of caution that economies are not really picking up that much yet. The largest sense which prevailed i

NEW DELHI: The Congress on Friday said inequality, wage stagnation and inflation were structurally corrosive to India's long-term growth prospects and urged the government to address concerns over the growing financialisation of the Indian economy. Congress general secretary in-charge communications Jairam Ramesh said the centrality of increasing the rates of private investment as a percentage of GDP in order to sustain higher rates of economic growth was incontrovertible. These rates have falle

NEW DELHI: Asserting that the last 10 years have seen highly detrimental economic trends, the Congress on Sunday said the monsoon has receded but at least hree dark clouds of languishing private sector investment, stagnating manufacturing and decline in real wages and productivity for labourers, still loom over the Indian economy. Congress general secretary in-charge communications Jairam Ramesh said bombastic claims on the economy are being made by Prime Minister Narendra Modi, but what these

COLOMBO: Sri Lankas economic crisis is directly linked to its governance crisis, and unless accountability issues, including corruption and democracy deficit, are addressed, the island may not be in a position to overcome its current challenges, subject experts say. As Sri Lanka goes to polls on September 21, poor governance remains a key concern. To restore public trust and to change the countrys trajectory, a few measures must be taken in the first 100 days of a new presidency, including the a

NEW DELHI: The BJP on Monday rejected the Congress' demand for a JPC probe into Hindenburg's allegation against the SEBI chairperson, saying it is a sham with an eye on weakening the Indian economy and destroying investment in the country. BJP leader and former Union minister Ravi Shankar Prasad reiterated the party's line that the short-selling firm's charge and the opposition's criticism of the market regulator are part of a wider conspiracy. He told reporters, After being rebuffed by people,

NEW DELHI: After nearly nine months, the Maldivian government has flipped from its anti-India stand. From announcing that Dornier aircraft (gifted by India) will now be used for medical evacuation to having roadshows titled Welcome India in India to woo back Indian tourists, there has been a marked shift. External Affairs Minister Dr S Jaishankar will be visiting the archipelago next weekend. Jaishankar is likely to meet President Mohamad Muizzu (tentatively in the second week of this month). Be