Indian Economy

Funding Freedom: Railways Set For Year Of Enhanced Spending

19 January 2024 by Aarav Kumar

Forecasts indicate that in FY25, Indian Railways could achieve an operating ratio below 98%, marking its most favorable performance over the past four years.

Reading Time: 4 minutes Enhanced financial prospects are on the horizon for Indian Railways in FY25, with projected revenue growth and increased … Read more

Budget Allocation Boon: Propelling Indian Railways into a New Era

19 January 202412 January 2024 by Anjali Desai

Indian Railways set to upsurge capital expenditure by approximately 25% from the 2023-24 budget estimate.

Reading Time: 3 minutes Indian Railways expected to boost capital expenditure by around 25% from the 2023-24 budget estimate. The allocation for … Read more

Expert Analysis: Union Budget 2024 Unlikely to Increase Income Tax Rebate

24 January 202411 January 2024 by Aarav Kumar

On February 1, Union Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 without major announcements.

Reading Time: 2 minutes Industry experts indicate that the imminent interim Union Budget 2023 is not expected to introduce substantial alterations to … Read more

Impact of Reduced Financial Allocation on Food Processing Ministry in Interim Budget

11 January 2024 by Lakshmi Reddy

The budget projection for the food processing industries ministry in the ongoing fiscal year stands at 3,287 crore.

Reading Time: 2 minutes A senior official attributes this to decreased ministry expenditure in the current fiscal year. NEW DELHI: The Union … Read more

A Closer Look: Nirmala Sitharaman’s Budget Plans for Inclusive Development

11 January 202411 January 2024 by Rohit Sharma

Union finance minister Nirmala Sitharaman

Reading Time: 4 minutes Anticipate increased allocations for current societal sectors and the prospect of new scheme announcements. NEW DELHI: As the … Read more

Retail Lending Growth: Should We Be Concerned? Examining the Risks and Responses

11 January 202410 January 2024 by Deepika Rao

Housing loans represent approximately 50% of overall lending to retail borrowers in India.

Reading Time: 3 minutes Amid increasing consumer reliance on “spend now-pay later” practices, retail lending, encompassing housing loans, credit card outstanding, and … Read more

Analyzing India’s Inflation: A Closer Look at December’s 6% Creep

9 January 2024 by Lakshmi Reddy

November saw inflation reaching a three-month peak of 5.5%, primarily driven by elevated food prices.

Reading Time: 2 minutes According to the poll forecast, inflation is projected to have increased for the second consecutive month, surpassing the … Read more

Tensions Rise: India-Maldives Diplomatic Clash and its Trade Ramifications

9 January 2024 by Rohit Sharma

In 2022, India constituted over 14% of the Maldives' total imports, positioning as the second-largest contributor to the nation's import of goods.

Reading Time: 5 minutes Diplomatic tensions arise between India and Maldives following controversial remarks about Prime Minister Narendra Modi by three Maldivian … Read more

Impact of Interim Budget on Green Financing and Digital Currency: Expert Predictions

9 January 20249 January 2024 by Priyanka Singh

The presentation of the interim budget is scheduled for 1 February.

Reading Time: 3 minutes The government is anticipated to continue previous initiatives and implement additional measures, ensuring incremental progress. Financial analysts and … Read more

Paving The Way For Sustainable Mobility: Alternatives To Lithium-ion Batteries

17 January 20244 January 2024 by Arjun Patil

Principal Scientific Advisor to the government, Ajay Kumar Sood.

Reading Time: 4 minutes Sood highlighted sodium-ion and aluminum-air batteries as potential lithium alternatives. India should explore alternatives to lithium-ion batteries for … Read more