PM Modi to address global investors on disinvestment, asset monetisation today

The post-Budget webinar will focus on privatisation and disinvestment as well as asset monetisation of core and non-core assets. With a massive plan to monetise public sector assets and privatise state-run firms, Prime Minister Narendra Modi will address investors, including officials of sovereign funds, private equity, global pension funds, investment banks and asset monetisation companies … Read more

Uttar Pradesh registers 8.22 crore unorganized workers, highest in India: Official

The state has alone surpassed the 6.66 crore target set by the Centre at the time of the launch of the portal on August 26 last year, said state government officials on Saturday. The Uttar Pradesh government has got registered the maximum number of its unorganised sector workers, a whopping 8.22 crore, far surpassing the … Read more

Elusive private capex reignites debate: Consumption booster or investment-led virtuous cycle?

Private consumption levels will pick up, if more employment opportunities are created. There was no cogent evidence of elevated public capex stimulating private investments and engendering a beneficial investment cycle even in the national income data released by the government on Monday. So, does the government’s often-contested strategy of using elevated public capital spending to … Read more

Russian diamond giant ALROSA assures Indian traders of steady supply

Diamonds alone make up 50% of the country’s total gems & jewellery exports. ALROSA, Russia’s partly state-owned mining giant that alone accounts for nearly 30% of global diamond output and is a major supplier to India, has told gems and jewellery players that there are no curbs on its transactions in dollars, euros or other … Read more

FM Sitharaman says focus of Union budget was on providing stability post COVID pandemic

FM said the government was willing to increase spending on education and added that there should be mobilisation of resources. Union Budget 2022: Union Finance Minister Nirmala Sitharaman on Monday said the budget presented by her on February 1 was a continuity of the previous budget last year which was more exhaustive in laying out … Read more

IPR plays important role in strengthening growth, focus on development: FM Nirmala Sitharaman

Sitharaman was speaking at the ‘National Seminar on Adjudication of IPR Disputes in India’ here which was organised by the Delhi High Court. Finance Minister Nirmala Sitharaman on Saturday said India is at a stage where growth and the focus on development have got to be strengthened from every side and intellectual property rights (IPRs) … Read more

Inflation to overshoot RBI target on oil price spurt; FY23 projection between 4.7% and 5.2%

Russia’s invasion on Ukraine on Thursday caused prices to spike above $100 a barrel for the first time since 2014, with Brent hitting over $105. On Friday, the April Brentfutures contract shed 79 cents, or 0.8%, at $98.29 a barrel in intraday trade. Still, the market remains jittery amid uncertainties. The rise in oil prices … Read more

Govt officials in huddle to assess Ukraine impact on economy

While there are no immediate fears of a supply disruption or trade routes being blocked, oil prices soaring to an over seven-year high of USD 105 per barrel do have a short and medium-term impact on the economy. Government officials on Thursday went into a huddle to access the impact of Russian aggression in Ukraine … Read more

RBI to auction bonds worth Rs 23,000 crore

Earlier, the central bank had cancelled two weekly bond auctions on account of the good cash position of the government. The Reserve Bank of India (RBI) on Monday announced sale of three dated securities for a notified amount of Rs 23,000 crore, after the cancellation of two consecutive auctions because of good cash position of … Read more