India’s budget is likely to provide funds to public sector general insurers, while airfares have seen a 28% decrease on metro routes and an increase on non-metro routes. These economic shifts highlight the dynamic interplay of governmental policy and market forces shaping the nation’s financial landscape. The news emphasizes the importance of staying informed on both economic and political developments.
The Reserve Bank of India (RBI) has increased the collateral-free agricultural loan limit to ₹2 lakh, offering crucial financial relief to millions of Indian farmers struggling with rising input costs. This move, effective January 1st, 2025, is expected to significantly impact the agricultural sector and stimulate rural economic growth.
Maruti Suzuki, India’s largest carmaker, will increase prices across its vehicle range by up to 4% starting January 2025, citing rising input costs and operational expenses. This follows similar price hikes by Hyundai and Audi, reflecting a broader trend in the automotive industry.
A busy day in India with the RBI announcing its monetary policy, Finance Minister Sitharaman beginning pre-budget consultations, a holiday declared for Mahaparinirvan Diwas, and farmer protests underway. Get the latest updates here.
India unveils ambitious Cruise Bharat Mission targeting 1 million cruise tourists by 2029, leveraging six major ports and tax incentives to become a global cruise tourism leader. The initiative focuses on infrastructure upgrades, sustainability, and attracting international cruise lines.
The Reserve Bank of India (RBI) is set to launch a pioneering pilot program in 2025, offering affordable, locally-hosted cloud data storage solutions to Indian financial institutions. This initiative aims to boost the domestic IT sector and enhance data security, challenging established global cloud giants.
India’s coal production witnessed a significant surge in October 2024, reaching 84.45 million tonnes (MT), marking a 7.48% growth compared to the same period last year. This robust performance highlights the government’s commitment to bolstering domestic energy resources and meeting the country’s increasing energy demands. The growth in coal production is driven by increased output from both captive and other entities, indicating a robust coal sector.
This week’s data-driven insights delve into the Indian economy’s diverse facets. From a surging stock market to softening urban demand and the anticipated Swiggy IPO, this report provides a comprehensive analysis of key trends.
Bibek Debroy, a prominent economist and chairman of Prime Minister Narendra Modi’s economic advisory council, passed away on November 1, 2024, at the age of 69. Debroy, a Padma Shri awardee, was known for his insightful commentary on India’s economy, education, and constitutional reforms. This article explores his impactful contributions and highlights some of his recent thought-provoking columns.
Bibek Debroy, a prominent Indian economist and the Chief of Prime Minister Narendra Modi’s Economic Advisory Council (EAC-PM), passed away on November 1st, 2023. He was 69. Debroy’s contributions to economic policy, scholarly work, and translations of ancient Sanskrit texts earned him wide respect and recognition, including the Padma Shri award.
