Economy and Finance

G20 summit: PM Modi launches Global Biofuels Alliance along with US, Brazil and 6 other nations. Here is what you need to know

'Global Biofuels Alliance' is meant to accelerate the worldwide use of biofuels by facilitating technology advancements and technology transfer.

Princeton professor Ashoka Mody uses his opinion on GDP calculation mythology to claim that India’s growth story is fake: Read details

Ashoka Mody claims India’s growth story is fake because India uses income approach of GDP calculation

‘Misleading’: PIB fact checks media reports based on an article by Reuters claiming Gautam Adani-Mukesh Ambani invited to G20 special dinner

The Press Information Bureau (PIB) took to X, formally Twitter to debunk a Reuters report that suggested 500 Indian businessmen including billionaires Mukesh Ambani and Gautam Adani have been invited to join G20 leaders at a dinner in the national capital

PM Modi addresses B20 Summit, urges businesses to become more consumer-centric, calls for framework of cryptocurrencies and ethical use of AI

At B20 Summit, PM Modi laid a strong pitch for inviting business leaders and investors to become a part of India’s development story

Modi govt planning to slash import duty of electric vehicles to 15% from 100% after Tesla proposal committing manufacturing in India, says report

A Reuters report says that Indian govt will cut import duty of electric cars to 15% if the companies commit to manufacturing in India

Himanta Biswa Sarma govt in Assam holds 100 cabinet meetings in 2 years & 4 months, over 98% of 1,238 decisions implemented

The Assam government has held 100 cabinet meetings in just 2 years and 4 months, since the government came to power in May 2021.

Indian Economy to grow at 8.3% in the first quarter and 6.7% in FY24: What the SBI research says

SBI’s Chief Economic Advisor, Ghosh added that the first quarter of 2023-24 saw a huge increase in capital expenditure both by the centre (63%) and the states (41%).

BRICS bank plans to issue first ever Indian Rupee bond by October, plans to tap Indian market

The COO of NDB Vladimir Kazbekov said, "We're going to tap (the) Indian market - rupees - maybe by October in India.”

‘Udyam registration’ by Modi government helped in formalisation of MSMEs on large scale, reveals SBI Research

According to SBI Research, Udyam is now propelling the filing of Income Tax Returns (ITRs) by the MSMEs.

China faces ‘Lehman Moment’ fears as big investment firm misses payments

The Wall Street Journal on Saturday reported that investors fearing a 'Lehman moment' in China are threatening the solvency of the country's financial system.

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