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Middle East War Impact: The World Bank on Thursday said India is well placed to weather the current global energy shock with ample buffers, including high foreign exchange reserves, fiscal space and low inflation, which will support growth despite global headwinds. Addressing a conference a day after raising India's GDP growth projections for the current fiscal to 6.6 per cent, the World Bank said India had dealt well with the trade turbulence last fiscal and the Indian economy entered the curr ...Read More >
Asansol, April 9 (SocialNews.XYZ) Prime Minister Narendra Modi on Thursday launched a blistering attack at the Trinamool Congress government, claiming that the ruling party-linked syndicate and mafia were looting the state's resources and also warned that all those goons will be held accountable and answerable after the election results on May 4. Prime Minister Modi, addressing his second election rally in Asansol, pinned the blame on previous governments from the Congress to Trinamool Congress ...Read More >
New Delhi, Apr 9 (PTI) The World Bank on Thursday said India is well placed to weather the current global energy shock with ample buffers, including high foreign exchange reserves, fiscal space and low inflation, which will support growth despite global headwinds. Addressing a conference a day after raising India's GDP growth projections for the current fiscal to 6.6 per cent, the World Bank said India had dealt well the trade turbulence last fiscal and the Indian economy entered the current Mi ...Read More >
New Delhi: India's scorching summers are getting hotter, and people are feeling the heat in more ways than one. Climate stress, driven by rising temperatures and extreme weather, is quietly changing lives across the country. From bustling cities to quiet villages, the changing weather brings worries about health and daily routines. A new report shines a light on this growing problem, showing how India's health risks are climbing due to climate change. As heatwaves become more common, families fa ...Read More >
New Delhi [India], April 5 (ANI): The Indian Premier League (IPL) has evolved into a multi-billion-dollar economic engine, contributing significantly to India's economy and redefining the business of sport, according to a recent report by Kotak Mutual Fund. The report noted that the IPL ecosystem is currently valued at around USD 18 billion as of FY25, placing it among the world's leading sporting leagues. Remarkably, a tournament spanning just two months now generates economic value comparable ...Read More >
Kolkata: On Wednesday, the World Bank has raised India's GDP growth rate projection for FY27 to 6.6%. This constitutes an upward revision that comes amid the West Asia crisis. In January, in its Global Economic Prospects report, the World Bank projected that India's GDP will grow by 6.5% in FY27. The rate of GDP growth in India has been pegged at 6% by Moody's and 6.1% by OECD (Organisation for Economic Co-operation and Development). The common factor for each of these organisations was the impa ...Read More >
Kolkata, Apr 8 (PTI) Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that Indian Rupee is expected to stabilise at the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. Dev said the currency had faced pressure due to global uncertainties, including the recent conflict between the United States ...Read More >
Kolkata: India may exceed RBI's GDP growth projection for 2026-27, the chairman of the Economic Advisory Council to the Prime Minister, S Mahendra Dev, said on Wednesday. Speaking at an interactive session with members of the Bharat Chamber of Commerce in Kolkata, he expressed confidence that the economy could achieve 7% growth against the RBI's projection of 6.9%."I am more positive about growth and hoping for 7%. Last year we achieved 7.6%, but many said it would not exceed 7%. Our economy has ...Read More >
Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imported fertilisers. Moody' ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India's decision to keep the repo rate unchanged in the latest Monetary Policy Committee (MPC) meeting was appropriate, Vivek Iyer, Partner and Leader Financial Services, Grant Thornton Bharat, has said, noting that any change in rates at this stage could have adversely impacted demand and financial stability. Also Read | Assembly Elections 2026: How To Check Name in Voter List and Download Voter Slip Online? Know Everything Ahead of Vidhan ...Read More >
Mumbai: Reserve Bank Governor Sanjay Malhotra on Wednesday expressed confidence that interest rates will remain low in the medium to long term, given the benign inflationary conditions. Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust. "We are in a neutral state...possibility either way, any ways cannot be ruled out that low rates (would) continue for a long time," he said. Despite shocks, he said, the RBI is pro ...Read More >
India will lead South Asia's economic growth. The World Bank forecasts India's economy to expand by 7.6% in FY26. The region's overall growth is expected to slow initially but recover. However, global uncertainties and energy market disruptions pose risks. Countries need reforms to sustain growth and create jobs. Other South Asian nations show varied growth projections. World Bank expects India to remain the primary engine of growth in South Asia, projecting the economy to expand 7.6% in FY26, ...Read More >
Bhubaneswar (Odisha) [India], April 8: A high-level delegation from the Indian Steel Association (ISA), led by Hon'ble Member of Parliament and President of ISA , Sri Naveen Jindal met Hon'ble Chief Minister of Odisha Shri Mohan Charan Majhi on 7th April 2026 to discuss key challenges and opportunities concerning the steel industry in the state. Also Read | Bride-Buying Racket Busted in Bihar: Rohtas Police Detain 24, Rescue Minor Girl in Bikramganj Raid. The meeting witnessed the presence of ...Read More >
Mumbai: The Reserve Bank of India (RBI) has taken a cautious but balanced approach in its latest Monetary Policy Committee (MPC) meeting held on April 8, 2026, as it tries to support growth while keeping risks under control. The central bank has decided to keep the repo rate unchanged at 5.25 percent and continue with a neutral policy stance, signalling that it is watching both growth and inflation closely. India's economy showed strong performance in FY26, with real GDP growth estimated at 7.6 ...Read More >
New Delhi, Apr 8 (PTI) Prime Minister Narendra Modi on Wednesday said the PM Mudra Yojana has strengthened the spirit of enterprise across India by removing barriers and trusting the aspirations of the people. On 11 years of the PM Mudra Yojana, Modi said the scheme has redefined access to credit by empowering millions with the confidence to dream and the means to fulfil it. "By removing barriers and trusting the aspirations of our people, it has strengthened the spirit of enterprise across In ...Read More >
CHENNAI: As expected, the Iran war and its impact on oil flow through the Strait of Hormuz dominated the discussions at the three-day Monetary Policy Meeting of the Reserve Bank of India that ended on Wednesday. While announcing the key decisions of the committee's meeting, including deciding to keep the benchmark interest rate (otherwise known as repo rate) unchanged, RBI Governor Sanjay Malhotra explained the impact that the war would have on Indian economy and people. Here are some of the mai ...Read More >
Mumbai, Apr 8 (PTI) Reserve Bank Governor Sanjay Malhotra on Wednesday expressed confidence that interest rates will remain low in the medium to long term, given the benign inflationary conditions. Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust. "We are in a neutral state...possibility either way, any ways cannot be ruled out that low rates (would) continue for a long time," he said. Despite shocks, he said, th ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Pradhan Mantri MUDRA Yojana (PMMY), the flagship programme of the Modi government, has marked 11 years of operation, aimed at funding the 'unfunded' micro enterprises, small businesses and setting the path for their growth. Since its inception on this day in 2015, the programme has been instrumental in powering the business dynamics of small businesses and first-time entrepreneurs, in particular. According to government estimates, around 58 crore loans w ...Read More >
New Delhi, April 8 (SocialNews.XYZ) Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent is likely to provide stability for mortgage rates, real estate industry leaders said on Wednesday. Shrinivas Rao, FRICS, CEO, Vestian welcomed the pause as a relief for developers and homebuyers as it will keep mortgage rates competitive when construction costs remain elevated over the ongoing West Asia crisis. Rao said the move could help cushion the impact of rising input cos ...Read More >
New Delhi, April 8 (UNI) The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, announced on Wednesday that the Monetary Policy Committee (MPC) has unanimously decided to keep the repo rate unchanged at 5.25%. Speaking about GDP numbers, the Governor said, "As per the new GDP series comes into play, the real GDP growth for last year is estimated at 7.6%. In terms of quarterly GDP growth projection, the growth for Q1 is projected at 6.8%, Q2 at 6.7%, Q3 at 7% and Q4 at 7.2%." In terms of in ...Read More >
MUMBAI: The Reserve Bank of India kept its key policy rate unchanged on Wednesday while warning of lower growth and higher inflation as the Middle East crisis reverses a "Goldilocks" phase for the South Asian economy. Overnight, the U.S and Iran announced a two-week ceasefire in hostilities after more than a month of fighting, which pushed oil prices sharply higher and disrupted the supply of gas to economies the world over. India, which imports 90% of its oil supplies, is seen as among the mo ...Read More >
India received above-normal rainfall last year, with 7.9% excess compared to the LPA. The India Meteorological Department (IMD) said northwest India recorded 747.9mm of rainfall last season. That was the highest rainfall since 2001 and the sixth highest since 1901. East and northeast India recorded their second-lowest rainfall since 1901 last year. Monsoon is the lifeblood of India's economy. According to the agriculture ministry, 51% of India's farmed area, accounting for 40% of production, is ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India kept its key policy rate unchanged on Wednesday, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. The central bank's six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 5.25 per cent, flagging heightened uncertainty after the West Asia conflict drove crude prices sharply higher, weakened the rupee and di ...Read More >
Mumbai: The Reserve Bank of India (RBI) on Wednesday projected the country's inflation rate based on the Consumer Price Index (CPI) for 2026-27 at 4.6 per cent as the near-term food supply prospects have been boosted by a robust Rabi crop which provides some comfort amid rising oil prices in the international market due to the Iran war. RBI Governor Sanjaya Malhotra said, "The pass-through of higher global energy prices has resulted in price increases in select fuels such as premium petrol and ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday estimated India's real GDP growth at 7.6 per cent for FY26 under a new GDP series, while flagging emerging risks from geopolitical disruptions. The FY26 growth reflects resilience supported by strong services activity, manufacturing expansion and robust domestic demand. For FY27, the Central Bank has projected growth at 6.9 per cent, indicating a moderation as external risks and cost pressures begin to build, said ...Read More >
By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. The RBI's six-member monetary policy committee voted to keep the repo rate steady at 5.25%. All six members of the rate panel, which includes three central bank officials and three external appointees, voted to hold rates. The MPC also decided to continue with th ...Read More >
National Maritime Day commemorates the maiden voyage of S.S. Loyalty, which sailed from Mumbai to London on April 5, 1919. National Maritime Day is a significant day in India, celebrated annually on April 5 to commemorate the historic voyage of S.S. Loyalty, the first Indian-owned steamship. This momentous event, which took place in 1919, marked India's entrance into international shipping and laid the foundation for the country's maritime heritage. Today, National Maritime Day is not only a c ...Read More >
Jaipur, April 7 (SocialNews.XYZ) Union Agriculture and Farmers' Welfare Minister Shivraj Singh Chouhan on Tuesday said that the three primary goals for Indian agriculture were to enhance farmers' incomes and ensure the country's food and nutrition security. Addressing the Western Regional Agricultural Conference organised here, Chouhan stated that formal one-day rabi-kharif meetings are now being replaced by theme-based regional conferences for different agro-climatic zones. He described the in ...Read More >
Puducherry [India], April 7 (ANI): Union Minister JP Nadda and BJP Election In-Charge for Puducherry and Union Minister Mansukh Mandaviya on Tuesday flagged off Bharatiya Janata Party Yuva Morcha's mega 'bike rally,' ahead of the upcoming assembly polls. Addressing the gathering at the campaign rally, Nadda assured that the NDA 2.0 government would focus on the "economic development" of Puducherry. He encouraged the Yuva Morcha members to propagate the promises of the BJP to every household, in ...Read More >
Puducherry [India], April 7 (ANI): Union Minister JP Nadda and BJP Election In-Charge for Puducherry and Union Minister Mansukh Mandaviya on Tuesday flagged off Bharatiya Janata Party Yuva Morcha's mega 'bike rally,' ahead of the upcoming assembly polls. Addressing the gathering at the campaign rally, Nadda assured that the NDA 2.0 government would focus on the "economic development" of Puducherry. He encouraged the Yuva Morcha members to propagate the promises of the BJP to every household, in ...Read More >
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