The world economy is now forecast to grow by 2.7 per cent in 2024 (an increase of 0.3 percentage points from the forecast in January) and 2.8 per cent in 2025 (an increase of 0.1 percentage points).

The resurgence of the Sri Lankan currency follows a period of economic turmoil, highlighted by the nation's first-ever sovereign default in 2022. During this challenging period, Sri Lanka received crucial assistance from India, facilitating imports of essential goods and stabilizing the rupee through extended currency swaps provided by the Reserve Bank of India

Despite these efforts, discussions with sovereign bondholders to restructure approximately USD 46 billion of debt are ongoing. However, progress has faced hurdles, as the IMF rejected a proposal from private bondholders in March, citing misalignment with desired debt sustainability parameters.

The National Cooperative Exports Limited (NCEL), the agency for the export of onion to these countries, sourced the domestic onions to be exported through e-platform at L1 prices. 

“Both parties affirmed their commitment to expediting the first wave of investment package worth USD 5 billion which was discussed previously,” the statement read. 

The journey towards restoring balance sheet integrity commenced with the Reserve Bank of India (RBI)'s directive in the mid-2010s, prompting banks to undertake a comprehensive assessment and classification of stressed assets as Non-Performing Assets (NPAs).

IOC's October launch of 'reference' petrol and diesel ends India's reliance on imported automotive testing fuels. Consumer fuel diversification includes premium XP95, XP100 petrol, and XtraGreen diesel, focusing on economy and emissions. 'Storm' petrol for racing and FIM partnership exhibit IOC's strategic expansion, aligning with F1 regulations and sustainability.

In FY2025, India's steel consumption is forecasted to decrease to 7-8%, down from the current fiscal year's 12-13%, with factors like elevated input costs and import pressures expected to lower operating profit margins by 110-115 basis points. This slowdown follows three years of double-digit growth, driven partly by increased government infrastructure spending.

Tax-saving fixed deposit (FD) is a type of FD scheme that provides investors with tax benefits. The scheme is offered by many banks and is similar to regular FDs, but with the added advantage of tax-saving benefits.

"A lingering agitation will cause Rs 500 crores economic loss daily and will have an impact on Q4 Gross State Domestic Product (GSDP) of northern states majorly Punjab, Haryana and Delhi," said Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry.

Finance Minister Nirmala Sitharaman presented an interim budget that lays out a roadmap for India's transformation into a 'Viksit Bharat' by 2047. With a focus on inclusive development, the budget addresses key sectors, from sustainable energy to healthcare and infrastructure.

The MoU aligns with the Government of Maharashtra's ambitious Green Investment Plan, charting a course for sustainable development over the next five years.