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Economy

India’s Forex reserves rise by $2.53 billion

Mumbai, March 25 (IANS) India’s foreign exchange (Forex) reserves increased by $2.53 billion during the week ended March 18, official data showed on Friday. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the overall Forex reserves swelled by $2.53 billion to $355.94 billion. The overall foreign exchange reserves had risen by $2.54 Full Article

FDI in food processing will double farmer incomes by 2022: Badal

New Delhi, March 15 (IANS) The 100 percent foreign direct investment (FDI) in food processing announced in Budget 2016-17 will play a catalytic role in doubling farmers’ income by 2022, ...Full Article

India’s annual retail inflation eases, wholesale in negative

New Delhi, March 14 (IANS) India’s annual retail inflation eased to 5.18 percent in February from 5.69 percent in the month before even as the 12-month wholesale inflation was ...Full Article

India’s factory output declines again in January

New Delhi, March 11 (IANS) India’s factory output declined again in January, by (-) 1.53 percent, dipping further from the (-) 1.18 percent fall logged in December, official data ...Full Article

India leads the world in economic confidence: AmEx report

New Delhi, March 10 (IANS) India continues to lead the world in economic confidence as Indian CFOs expect moderate growth driven by investments in expanding domestic markets and exports. ...Full Article

Airbus plans $2bn cumulative procurement from India in five years

Bengaluru, March 7 (IANS) Global aerospace major Airbus Group plans to procure components and sub-systems worth $2 billion cumulatively for a period of five years till 2020 for its ...Full Article

India can gain over $500 bn yearly joining TPP: Economic Survey

New Delhi, Feb 26 (IANS) India could experience export gains of more than $500 billion per year, or 60 percent increase, from joining an expanded Trans-Pacific Partnership (TPP) or ...Full Article

India’s economy a stable haven, firm anti-terror steps underway: President

New Delhi, Feb 23 (IANS) Terming India a haven of stability in an increasingly turbulent global economy, President Pranab Mukherjee on Tuesday cited the government’s initiatives for ending poverty ...Full Article

No shortage of money for payments to farmers, labourers: Minister

New Delhi, Feb 22 (IANS) The government is not short of any money for farmer and labour related payments, Rural Development Minister Birender Singh said. “We have cleared pending payments ...Full Article

India ratifies WTO trade facilitation agreement

New Delhi, Feb 17 (IANS) The union cabinet on Wednesday accorded approval to the World Trade Organization’s (WTO) trade facilitation agreement (TFA) — reached in December 2013 and which could ...Full Article