MedTech Mitra
Bikky Khosla | 25 Dec, 2023 |
The government has launched MedTech Mitra ─ a new platform for budding entrepreneurs and innovators in the medical device sector. The objective is to boost innovation and ease of doing research and |
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Exports: Challenges and prospects ahead
Bikky Khosla | 19 Dec, 2023 |
Merchandise trade deficit for the month of November fell to $20.58 billion mainly due to decline in imports of gold and oil, according to data released by the government last week |
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Startup funding crunch continues
Bikky Khosla | 10 Dec, 2023 |
The Indian startup sector has continued to face funding crunch. According to data compiled by global market intelligence platform Tracxn, the country slipped to fourth position among the highest |
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GDP growth: Surprise on the upside
Bikky Khosla | 05 Dec, 2023 |
In a pleasant surprise, GDP growth during the July-September 2023-24 quarter recorded a 7.6 percent growth. This growth is considerably higher than estimated previously, although the RBI governor |
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Deficit situation
Bikky Khosla | 27 Nov, 2023 |
Merchandise trade deficit widened to a record-high of $31.46 billion in October, according to recent official data. With exports amounting to $33.57 billion and imports at $65.03 billion, trade |
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New scheme for mining sector MSMEs, startups
IANS | 21 Nov, 2023 |
With the aim of pushing new age technology innovation in the sector, the Ministry of Mines last week announced the launch of a new programme─ Promotion of Research and Innovation in Start-ups and MSMEs (S&T-PRISM) |
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Industrial output
Bikky Khosla | 14 Nov, 2023 |
Industrial output for the month of September slumped to a three-month low of 5.8 percent. Data released last week on the eve of Diwali shows that weak manufacturing and consumption demand hit the |
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Rupee volatility
Bikky Khosla | 07 Nov, 2023 |
The Indian Rupee, which was facing headwinds due to higher yields on US bonds, last week plunged to an all-time low of 83.33 against the US dollar. The RBI has been trying to prevent this |
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Fiscal deficit
Bikky Khosla | 31 Oct, 2023 |
Fiscal deficit — the gap between expenditure and revenue — may not improve much in the coming two-three years. Recently, an expert from a global rating agency |
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El Nino concerns
IANS | 24 Oct, 2023 |
Stock markets are one of the key leading indicators – though not the most critical one – of an economy, and though yesterday’s market turmoil was due to an interplay of several factors |
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Startup deals
Bikky Khosla | 17 Oct, 2023 |
There is significant drop in deal activity in the Indian startup sector in 2023 (year-to-date) compared to the same period in 2022, according to a latest report. While there is 39 percent overall decrease in the number of deals |
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Israel-Hamas war
IANS | 09 Oct, 2023 |
Amid the Russia-Ukraine conflict not showing any signs of stopping, another war was declared last week – by Israel against Hamas. Israel’s counteroffensive after the surprise attack by Hamas forces |
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CAD concerns
Staff Reporter | 02 Oct, 2023 |
Current account deficit jumped 7-fold in the April-June quarter. It stands at $9.2 billion against $1.3 billion in the preceding quarter, according to RBI data released last week. The central bank points out three factors |
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Near-term growth prospects
Bikky Khosla | 26 Sep, 2023 |
Several reports were released last week regarding India’s growth prospect. ADB has lowered its growth forecast for the country from 6.4 percent to 6.3 percent, pointing out likely effects of slowing exports and erratic rainfall |
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Exports scenario
Bikky Khosla | 19 Sep, 2023 |
Merchandise exports from the country declined almost 7 percent to $34.5 billion in August. This is the seventh straight month of decline in goods exports. Imports, on the other hand, declined 5.23 |
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India-Middle East-Europe Economic Corridor
Bikky Khosla | 12 Sep, 2023 |
With an aim to achieve further economic integration, India and some of its G20 allies have signed a historic memorandum of understanding (MoU) to create the India-Middle East-Europe Economic Corridor (IMEC). |
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GDP growth prospects
Bikky Khosla | 05 Sep, 2023 |
Growth Domestic Product (GDP) registered growth of 7.8 percent in the April-June quarter of the current fiscal, according to data released by the ministry of statistics and programme implementation last week. |
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How is the economy faring?
Bikky Khosla | 22 Aug, 2023 |
How is the Indian economy performing? According to the CareEdge Ratings Economic Meter, the index of economic activity grew at the pace of 1 percent in July in contrast to 5.7 percent |
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External trade scenario
Bikky Khosla | 15 Aug, 2023 |
India’s exports fell again in July, registering a 16 percent decline to $32.25 billion. Only 11 out of 30 key products sectors, showed positive growth in the month. No doubt, global headwinds once again played spoilsport |
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MSME credit
Bikky Khosla | 08 Aug, 2023 |
Lack of credit, without an iota of doubt, is one of the major challenges facing the Indian Micro, Small and Medium Enterprise (MSME) sector. S |
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Rice exports ban
Bikky Khosla | 01 Aug, 2023 |
India recently imposed ban on all exports of 'non-basmati white rice'. According to the Centre, the decision was taken to "to guarantee sufficient availability of non-basmati white rice in the |
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Advance Authorisation Scheme
Bikky Khosla | 25 Jul, 2023 |
The government last week simplified norms for the export sector under the advance authorisation scheme. Under this scheme, exporters can avail duty free import of inputs if these inputs are incorporated |
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Struggling exports
Bikky Khosla | 17 Jul, 2023 |
Exports from the country fell 22 percent to $32.97 billion in June. Outbound shipments have declined for the seventh time in nine months and in the last month the decline deepened sharpest |
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Startup funding: The struggle continues
Bikky Khosla | 11 Jul, 2023 |
Fund flow to Indian startups in the first half of this year fell 36 percent to $3.8 billion across 298 deals from $5.9 billion in the second half of 2022, a latest report shows. This is the lowest six-month |
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MSME credit needs
Bikky Khosla | 04 Jul, 2023 |
Micro, Small and Medium Enterprises (MSMEs) are backbone of the economy - we often hear people saying this, and facts confirm it as well. As per United Nations data, they account for 90% of businesses |
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MSME: Working capital challenge
Bikky Khosla | 27 Jun, 2023 |
Imminent slowdown in advanced economies, particularly the US and the EU will adversely impact one out of five Indian Micro, Small and Medium Enterprises |
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PM Modi's US visit
Bikky Khosla | 20 Jun, 2023 |
Prime Minister Narendra Modi has departed for the United States today. During the trip he will be given a ceremonial welcome at the White House, and later he will hold a high-level dialogue with |
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State finances
Bikky Khosla | 13 Jun, 2023 |
A recent report published by the RBI – ‘State Finances: A Study of Budgets of 2022-23’ - provides some valuable insights about the economic condition |
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GDP: Upward revision
Bikky Khosla | 05 Jun, 2023 |
The latest upward GDP growth revision for fiscal 2023 is good news. According to latest official data, the Indian economy grew at a rate of 7.2 percent |
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Startup challenges
Bikky Khosla | 30 May, 2023 |
The number of startups in the country stood at just 350 before 2014, but now it has grown to more than 90,000. |
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Rs 2,000 note ban
Bikky Khosla | 22 May, 2023 |
The RBI last week announced withdrawal of Rs 2,000 banknote from circulation. Introduced in November 2016 after demonetisation |
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Monetary easing not far off!
Bikky Khosla | 16 May, 2023 |
Retail inflation fell to 4.70 percent in April from 5.66 percent in the previous month. This is the lowest consumer price index based inflation in last 18 months. Also, for the second consecutive month |
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Vivad se Vishwas
Bikky Khosla | 09 May, 2023 |
The government last week eased the provisions of the Vivad se Vishwas scheme, which was announced in the Union Budget 2023-24, with an objective to give relief to Covid-hit Micro, Small and Medium Enterprises (MSMEs) |
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India-UAE trade
Bikky Khosla | 02 May, 2023 |
India and the United Arab Emirates (UAE) signed a Comprehensive Economic Partnership Agreement (CEPA) on February 18, 2022 |
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Logistics performance
Bikky Khosla | 25 Apr, 2023 |
India climbed 6 places on World Bank's Logistics Performance Index from 44th in 2018 to 38th in 2023. This improvement is welcome. |
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Trade talks with renewed vigour
Bikky Khosla | 18 Apr, 2023 |
India, which has recently set an ambitious export target of $2 trillion by 2030, seems to be gearing up to boost its trade relations with the major partners |
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A fine balancing act by RBI
Bikky Khosla | 11 Apr, 2023 |
The Reserve Bank of India last week unanimously decided to leave the repo rate untouched. After a series of rate hikes, totalling 250 basis points since last May, the Monetary Policy Committee has now hit the |
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FTP: Long wait is over
Bikky Khosla | 04 Apr, 2023 |
The Centre unveiled the Foreign Trade Policy 2023 last week. The term of the last FTP (2015-20) ended in March 2020 |
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Startup layoffs
IANS | 28 Mar, 2023 |
Indian startups are facing challenging times. For quite some time now, the sector has been facing funding crunch, and only recently, the fall of the 16th largest US bank -Silicon Valley Bank- threatened to intensify |
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PM MITRA textile parks
IANS | 21 Mar, 2023 |
The Prime Minister last week announced that PM Mega Integrated Textile Region and Apparel (MITRA) textile parks would be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya |
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India-Australia trade potential
Bikky Khosla | 12 Mar, 2023 |
India and Australian are now exploring ways to expand trade cooperation. The two countries implemented an economic cooperation and trade agreement (ECTA) last year and both sides are now |
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Upcoming FTP
Bikky Khosla | 07 Mar, 2023 |
The Government is working on a new foreign trade policy (FTP) - a vision statement to chart out long-term goals on exports and imports |
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Goods and services exports
Staff Reporter | 28 Feb, 2023 |
Merchandise exports fell by 6.58 percent to $32.91 billion in January. This is for the second month in a row that the sector has witnessed decline, with goods exports falling by 12.2 percent |
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UAE India Business Council
Bikky Khosla | 21 Feb, 2023 |
Top business houses of India and UAE last week came together to launch the UAE India Business Council - UAE Chapter. The objective is to boost trade and investment between the two countries |
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Budget: Exports push not enough
Bikky Khosla | 14 Feb, 2023 |
Before the Union Budget 2023-24 was unveiled recently, it had widely been expected that the Centre would come out with extensive measures to support the export sector, particularly at a time |
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Budget announcements for MSMEs
Bikky Khosla | 06 Feb, 2023 |
The eagerly awaited Union Budget 2023 was tabled in the Parliament last week. Overall, it seems to be a balanced Budget, amid tough global economic condition |
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Budget 2023
Bikky Khosla | 31 Jan, 2023 |
Finance Minister Nirmala Sitharaman will present the Union Budget on Wednesday. This will be the last full-fledged Budget before the up |
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Tapping the potential of digitization
Bikky Khosla | 24 Jan, 2023 |
The Prime Minister last week tweeted that digital payments have brought ease and comfort in the lives of many. “It is a common sight across India…our people have shown remarkable dexterity in adapting to tech and innovation |
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Exports need big policy push
Bikky Khosla | 17 Jan, 2022 |
Merchandise exports for the month of December fell by 12.2 percent to $34.48 billion against $39.27 billion in the corresponding month of 2021. In contrast, imports fell to $58.24 billion against $60.33 billion YoY. Trade deficit increased to $23.76 billion against $21.10 billion YoY, but it narrowed to the lowest level in eight months from $23.89 billion in November. Overall, the foreign trade environment is not that encouraging. |
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Fiscal deficit
Bikky Khosla | 03 Jan, 2023 |
Fiscal deficit for the April-November period reached Rs 9.78 lakh crore, or 58.9 percent of the Budget target of Rs |
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Archives:
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2023 ( 52 )
2022 ( 52 )
2021 ( 52 )
2020 ( 52 )
2019 ( 52 )
2018 ( 53 )
2017 ( 53 )
2016 ( 51 )
2015 ( 53 )
2014 ( 359 )
Index
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
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92.50
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89.35 |
Japanese
Yen |
55.05 |
53.40 |
As on 12 Oct, 2024 |
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Daily Poll |
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Will the new MSME credit assessment model simplify financing? |
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Commented Stories |
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