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Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report  Last updated: 20 Jun, 2024   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     Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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)    Read more.... 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     Read more.... 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     Read more.... 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     Read more.... 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    Read more.... 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    Read more.... 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     Read more.... 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     Read more.... 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    Read more.... 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     Read more.... 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).     Read more.... 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.    Read more.... A revisit: India-ASEAN trade pact Bikky Khosla | 28 Aug, 2023 India and ASEAN signed the a Trade in Goods Agreement on August 13, 2009 based on the India-ASEAN CECA inked between the tw    Read more.... 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     Read more.... 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    Read more.... 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    Read more.... 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     Read more.... 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     Read more.... 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     Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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     Read more.... 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    Read more.... 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    Read more.... 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.    Read more.... 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     Read more.... 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    Read more.... 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)    Read more.... 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    Read more.... 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.     Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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     Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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    Read more.... 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.    Read more.... Startup funding winter Bikky Khosla | 10 Jan, 2023 At $10.8 billion, Bengaluru based startups raised the highest amount to funds in 2022.    Read more.... 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    Read more.... Archives: 2024 ( 26 )    2023 ( 52 )    2022 ( 52 )    2021 ( 52 )    2020 ( 52 )    2019 ( 52 )    2018 ( 53 )    2017 ( 53 )    2016 ( 51 )    2015 ( 53 )    2014 ( 359 )    Index     Customs Exchange Rates Currency Import Export US Dollar 66.20 64.50 UK Pound 87.50 84.65 Euro 78.25 75.65 Japanese Yen 58.85 56.85 As on 13 Aug, 2022   Daily Poll Will the Budget 2024 be MSME friendly  Yes  No  Can't say   Commented Stories » GIC Re's revenue from obligatory cession threatened(1)

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