In a significant move aimed at enhancing the livelihood of workers, especially those in the unorganized sector, the Central Government has announced an increase in the minimum wage rates by revising the Variable Dearness Allowance (VDA). The revised rates will come into effect from October 1,
The Indian government has confirmed it will maintain its borrowing target for the current financial year, planning to raise ₹6.61 lakh crore through the auction of dated securities between October and March 2024-25. This move is aimed at funding the revenue shortfall while bolstering economic growth. The Ministry of Finance announced, “Out of the gross […]
The Asian Development Bank (ADB) has maintained its forecast for India’s economic growth at 7 percent for the current fiscal year (FY25), while projecting a faster growth rate of 7.2 percent in FY26. This forecast, released in ADB’s report on September 25, aligns with the Reserve Bank of India’s (RBI) prediction for 7 percent growth […]