World Bank okays loan for new project to boost earnings of UP farmers

The World Bank’s Board of Executive Directors has approved a $325.1 million project in Uttar Pradesh to increase farmers’ incomes through improved crop productivity, adoption of digital technologies and climate-resilient practices, and strengthened market linkages. The project also aims to leverage $15 million in private finance to support these initiatives, according to an official statement … Read more

India`s industrial growth to accelerate, inflation to ease in 2nd half of 2024-25: Report

India’s industrial activity is expected to accelerate in the second half of the current financial year on the back of recovering consumption demand and higher export growth while inflation is likely to ease, according to a CRISIL report released on Friday. “So far, high food inflation, elevated interest rates and slowing credit growth have impacted … Read more

Rupee strengthens against US dollar on Friday

Indian rupee strengthened from its all-time low against the US dollar on Friday tracking better-than-expected domestic inflation data. Data showed India’s retail inflation declined in November to 5.48% and came within the Reserve Bank's tolerance limit, creating headroom for interest rate cut at the central bank's rate-setting panel meeting under new Governor Sanjay Malhotra in … Read more

India`s economic growth by end of this fiscal to be back on track: Piyush Goyal

Commerce and Industry Minister Piyush Goyal has expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties. He said that this year also India will be the world's fastest growing economy. He stated ‘We had an election in the first quarter and during the election, obviously … Read more