Economy

India must think and go for 10% economic growth by boosting consumption, drawing investments and increasing exports, said the newly appointed President of Confederation of Indian Industry, Vikram Kirloskar.

Vice President M. Venkaiah Naidu has called upon scientists and researchers to address pressing issues such as climate change, global warming and extreme weather events so that the world was better prepared to tackle adverse situations.

Agriculture Minister Narendra Singh Tomar has emphasized on strengthening and fast tracking of e-NAM to facilitate agricultural trading.

Bank of Baroda plans to raise Rs.11,900 crore through share sale during the current fiscal year to fund business expansion, reported Press Trust of India on 2 June 2019.

The United States of America (USA) has withdrawn India’s benefits under the Generalized System of Preferences (GSP), a scheme under which India exported US$6.35 billion worth of goods last year.

Growth of India’s eight core sectors has slowed to 2.6% in April 2019 compared to 4.7% a month ago, government data showed on 31 May 2019.

While the final report on cryptocurrency would soon be submitted to the Union Finance Minister, there is no report yet from expert committee on economic capital framework (ECF), finance secretary Subhash Chandra Garg said at an ASSOCHAM event.

Use of financial technology (Fintech) revolution for achieving greater financial and insurance inclusion, besides lifting people above the poverty line would be amongst the biggest agenda of the Narendra Modi 2.0 government, said NITI Aayog CEO Amitabh Kant.

Prime Minister Narendra Modi and his government were sworn in on 30 May 2019 for a follow on second term with a decisive majority in the election, but market analysts see a wide range of economic challenges.

Indian homebuyers are gradually returning to the market and taking advantage of favourable property prices and cuts in GST and home loan rates since earlier this year.