Friday, 22 October, 2021
Home Economy

Economy

File image of Union minister Hardeep Singh Puri | Photo: Vijay Verma | PTI

Pushed by ‘Covid growth drivers’, India on course to be $5 tn economy by 2024-25, says Puri

Union minister Hardeep Singh Puri was addressing a session on reviving the economy at the 8th national forum hosted by Public Affairs Forum of India, a not-for-profit society.
A pile of coins representing Bitcoin cryptocurrency | Photo: Chris Ratcliffe | Bloomberg file photo

Bitcoin rallies above $66,000 to fresh all-time high in Crypto’s ‘validating moment’

Bitcoin has climbed to its latest high atop a tide of pandemic-era liquidity, speculative bets and expectations of wider adoption by institutional investors.
Prime Minister Narendra Modi speaks through video conferencing during an event in New Delhi on 20 October 2021 | PTI

Decision on Air India will boost aviation sector: Modi on Kushinagar airport inauguration

PM Narendra Modi's comments come weeks after Tata group emerged as the winning bidder for Air India paving the way for disinvestment of the loss-making carrier.
Jayalakshmi at her tiny nuts and bolts manufacturing unit in Hyderabad’s Kushaiguda neighbourhood | Photo: Rishika Sadam/ThePrint

‘Where’s Atmanirbhar package?’ — Telangana MSMEs struggle to pay wages, rent for 1-room business

Increasing raw material prices, plummeting demand, delayed payments and high labour charges are posing several hurdles to MSMEs in Telangana.

‘Haven’t seen this kind of inflation for many years’ — HUL warns of challenges after profit jump

Hindustan Unilever indicated that inflationary pressures were likely to persist, spooking investors. Its shares slipped 4% at the close of trading — the most since early May.

IMF cuts Asia-Pacific growth forecast to 6.5% on Delta variant, slow vaccine pace

IMF says much of the downgrade was due to slower growth in India, which is now forecast to expand 9.5% this year, and South East Asia, where the virus continues to wreak havoc.
A pile of coins representing Bitcoin cryptocurrency | Photo: Chris Ratcliffe | Bloomberg file photo

Bitcoin pushes toward record high before futures exchange-traded fund debut

The ProShares bitcoin-linked exchange-traded fund will trade on the NYSE. The move is the latest sign of how cryptocurrency-related investments are becoming more mainstream.

India’s gold demand faces twin challenges of slowing savings rate, lower agricultural wages

The World Gold Council says the real gold savers will probably stay out of the market and only the wealthier lot will spend more this year.

Pushing to have LIC IPO done by March 2022, FM Sitharaman says

Sitharaman said any delay won't be due to a lack of political will. The 65-year old insurer's internal valuation hasn't been done & the process will take time, she added.
A deserted industrial compound at Wagle Estate in Thane | ThePrint

Locked gates, moss & shrubs tell tale of Covid hit at Maharashtra’s first industrial estate

Thane’s Wagle Estate was the first industrial area that Maharashtra’s MIDC took up for development in 1961. The pandemic has forced many of its units to shut down.

On Camera

YourTurn

Prime Minister Narendra Modi speaks through video conferencing during an event in New Delhi on 20 October 2021 | PTI

100 cr vaccine feat example of what can be achieved if people & govt come together: Narendra Modi

The journey from anxiety to assurance has happened and our nation has emerged stronger, thanks to the world’s largest vaccination drive, writes PM Narendra Modi.
RBI governor Shaktikanta Das (file photo) | Photographer: Kanishka Sonthalia | Bloomberg

RBI laser-focused on bringing inflation back to 4% without disruption, says Governor Das

Retail inflation, which was above 6 per cent during May and June, has started moving down and stood at 4.35 per cent in September.

Defence

BrahMos supersonic cruise missile | Representational image| Photo: ANI

India among few countries developing hypersonic missiles, US Congressional report says

According to the report, India collaborated with Russia to develop BrahMos II and is reportedly developing an indigenous, dual-capable hypersonic cruise missile.
Illustration by Soham Sen

Mohan Bhagwat is right, China is the big threat. But his prescription to counter it is flawed

India can fight China, but it needs peace & stability at home. It can't take on Beijing while re-lighting old fires like NRC or polarising Hindus & Muslims to win elections.
×