Economy National

Speculation Grows Over RBI Governor’s Tenure After GDP Data

By BPN News Desk December 4, 2024

Speculation over Reserve Bank of India (RBI) Governor Shaktikanta Das’s future has intensified following India’s GDP growth figures for the second quarter of FY25, which slightly missed expectations. Amid mounting macroeconomic challenges, discussions about whether Das will continue his tenure beyond 2025 have sparked debate in economic and financial circles. The GDP

Economy National

Finance Minister Explores Big-Ticket Reforms Ahead of Budget

By BPN News Desk December 3, 2024

Ahead of the upcoming Budget 2025, Finance Minister Nirmala Sitharaman convened a high-level meeting with officials to deliberate on potential big-ticket reforms. The discussion focused on addressing pressing economic challenges and laying a robust foundation for sustained growth. Focus on Economic Revitalization The meeting aimed to identify transformative measures that

Economy National

Gold and Silver Prices See Sharp Decline

By BPN News Desk December 3, 2024

Gold and silver prices witnessed a significant drop in the Indian markets, marking a notable correction in the commodities segment. On Saturday, gold prices fell by ₹200, settling at ₹79,200 per 10 grams, while silver prices plummeted by ₹2,200 to reach ₹97,800 per kilogram. Market Trends Influence Precious Metals The price fluctuations are attributed to […]

Economy National

RBI-Government Divide Widens Over Growth and Interest Rates

By BPN News Desk December 2, 2024

As India navigates an economic slowdown, a growing divergence in perspectives between the Reserve Bank of India (RBI) and the central government has come to light. The disagreement revolves around the pace of economic growth and the decision to maintain current interest rates. Government’s Growth Push The central government continues to focus on fiscal measures […]

Economy National

India’s Core Sector Growth Climbs to 8% in October 2024

By BPN News Desk November 29, 2024

India’s core sectors recorded an impressive 8% growth in October 2024, showcasing resilience amid global economic uncertainties. The robust performance was propelled by key sectors like coal, electricity, and steel, contributing significantly to the overall index of industrial production. Key Drivers of Growth The coal sector witnessed a double-digit growth rate,

Economy National

Railway Stock Jumps 4% Following Chennai Metro’s ₹3,658 Crore Order

By BPN News Desk November 29, 2024

A leading railway stock witnessed a 4% surge in its share price after securing a massive ₹3,658 crore contract from Chennai Metro Rail Limited (CMRL). The order involves the manufacturing and supply of advanced metro trains, marking a significant milestone for the company. Details of the Metro Project Under this order, the company will deliver […]

Economy National

Fiscal Deficit Likely at 4.75% for FY25, Capex at ₹62,000 Crore

By BPN News Desk November 28, 2024

India’s fiscal deficit for the financial year 2024-25 is projected to be 4.75% of GDP, according to a report by India Ratings and Research (Ind-Ra). The report also anticipates capital expenditure to reach ₹62,000 crore as the government continues its focus on infrastructure development. Sustained Fiscal Discipline Amid Economic Challenges Despite global economic

Economy National

RBI’s Gold Buying Bolsters India’s Forex Reserves

By BPN News Desk November 26, 2024

The Reserve Bank of India (RBI) has been ramping up its gold purchases, significantly boosting the country’s foreign exchange reserves. This strategic move reflects India’s efforts to enhance economic stability amid global uncertainties. Enhancing Reserve Security with Gold Amid fluctuating global market conditions, gold remains a safe-haven asset, offering stability

Economy National

India Shines in Emerging Markets with Strong Export Growth

By BPN News Desk November 26, 2024

India has emerged as a standout performer among emerging markets, driven by robust export growth and resilient economic indicators, according to the latest Emerging Markets Tracker. The country’s strong performance highlights its economic stability and recovery momentum amid global uncertainties. Export Growth Boosts India’s Economic Momentum India’s export growth remains

Economy Law & Order National

India’s Forex Reserves Witness Significant Dip

By BPN News Desk November 23, 2024

India’s foreign exchange reserves experienced a sharp decline of $17.76 billion, dropping to $657.89 billion for the week ending November 15, according to data released by the Reserve Bank of India (RBI) on Friday. This significant dip follows a $6.48 billion decrease in the prior week, where the reserves stood at $675.65 billion. The current […]