EPFO logs highest-ever addition of 19.94 lakh members in July

Marking the highest recorded increase since payroll data tracking began in April 2018, Mansukh Mandavia, Union Labour Minister, said the Employees Provident Fund Organisation (EPFO) added 19.94 lakh net members in July 2024. This highlighted a shift in India’s employment landscape, reflecting the effectiveness of the Modi Government’s transformative schemes aimed at driving job creation … Read more

India to sign bilateral investment treaty with Uzbekistan during FM Nirmala Sitharaman`s visit

Finance Minister Nirmala Sitharaman is set to embark on an official visit to Uzbekistan from September 24-28, to attend the ninth annual meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB).  FM Sitharaman will hold bilateral meetings with her counterparts from Uzbekistan, Qatar and China, along with the AIIB President. The Finance Minister … Read more

Rupee weakens against US dollar on Tuesday

Indian rupee weakened against the US dollar on Tuesday tracking muted domestic equities and rising crude oil prices, even as S&P Global Ratings maintained India's growth forecast at 6.8% and expected the Reserve Bank of India (RBI) might cut interest rates in October. However, some falls were limited by foreign fund inflows into Indian capital … Read more

S&P Global Ratings retains India`s GDP growth at 6.8 pc for FY25, cuts China`s forecast

 S&P Global Ratings on Tuesday retained India's growth forecast at 6.8 per cent for the fiscal 2024-25, while reducing China's economic growth by 0.2 per cent to 4.6 per cent in the calendar year 2024.  In its quarterly economic outlook for the Asia-Pacific region, the global rating agency said, "In India, GDP growth moderated in … Read more