Economy 18/57

What To Make Of More Than 83 Billion UPI Transactions In Financial Year 2022-23

The financial year gone by registered more than 83 billion transactions on the Unified Payment Interface (UPI), with the final month...

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India’s foreign trade set to cross US$ 1.6 trillion mark this fiscal: Report

India’s foreign trade is expected to cross the USD 1.6 trillion mark this fiscal despite global economic uncertainties, economic think...

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India, Malaysia strike landmark deal to settle trade in Indian Rupee

India and Malaysia have reached a landmark agreement that will allow the two nations to settle trade in Indian Rupee, the Ministry of...

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India unveils Foreign Trade Policy (FTP) 2023, aims to boost exports to $2 trillion by 2030

Commerce Minister Piyush Goyal on Friday unveiled Foreign Trade Policy (FTP) 2023. The policy, which aims to boost the country's exports...

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India to be growth engine: Samsung

Fuelled by5C and a tech savvy, data consuming young population, India will emerge as the “growth engine" for technology and smartphone...

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Indian exports crossed record $750 bn-mark: Piyush Goyal

Indian goods and services exports have crossed the USD 750 bn-mark for the first time, news agency ANI reported Union Commerce & Industry...

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How the Indian real estate sector drives the nation’s economy

While a lot of impetus is being given to developing India into a global manufacturing hub, the role of the domestic real estate sector in...

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China releases latest preferential tax policies for chip companies

China has released its latest preferential tax policies for chip companies in 2023, as part of its broader push to encourage the...

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India ranks third in terms of self-made billionaires, highlights 2023 Hurun Global Rich List

India ranked third in terms of number of self-made billionaires with 105 billionaires in the list, showed 2023 Hurun Global Rich List on...

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China cuts banks' reserve requirement ratio

China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year to...

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Money in bank: Women’s share in deposits rises, but gender gap in average holding widens

Over a third of bank accounts in the country holding nearly 20% of total deposits belong to women, data released by the government...

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India's Digital Transactions More Than That Of US, China, Europe Combined: Trade Official

A senior trade official today said that real-time digital transactions that India does are more than that are done in the US, China, and...

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PM to India Inc: It’s your turn to invest

Prime Minister Narendra Modi on Tuesday exhorted India Inc to enhance investments in the country in line with the government’s decision...

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India, Sri Lanka mulling over using Indian Rupee for economic transactions

India and Sri Lanka are exploring the possibility of using the Indian Rupee for economic transactions and have discussed the initiative...

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Sky-high prices burn Indians’ pockets, drag savings to 30-year low amid K-shaped recovery

Indians are feeling the pinch of rocketing prices, passed on by companies across industries to save their margins from high input costs....

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With right policy, India's growth can be potentially above 7%: Nouriel Roubini

"The growth per capita of India is only one quarter of that of China. With the right policy, growth can be potentially above 7% and that...

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‘India is the greatest…’: Lankan minister on economic recovery in island nation

On Friday, Colombo raised the borrowing costs for the first time in five meetings to tamp down inflation as it seeks a $2.9 billion loan...

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Here's how much economists expect China's GDP to grow this year

Now that China has ended its stringent Covid controls, the economy could return to growth of more than 5%. China's latest factory data...

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Sending money abroad, foreign investment to cost more: How remittances will be taxed from July 1, 23

If you invest abroad directly or are planning a foreign tour, be ready to face a larger tax hit from 1 July 2023. The Budget proposes...

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China Loses Workforce Almost Size of Germany’s in Three Years

China’s number of working people has fallen by more than 41 million in the past three years, reflecting both the coronavirus pandemic’s...

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