Economy

India aims to raise gems and jewellery exports to $100 billion by 2040, shifting focus towards value addition, innovation, design and global branding.

The money has been raised between June 16 and Aug. 13, starting with a $750 million issuance from the largest private sector lender HDFC Bank.

MPC member Saugata Bhattacharya warned that persistently high fuel prices could have second-round effects on inflation by feeding into input costs and broader price pressures.

Poonam Gupta said improving monsoon conditions and resilient domestic activity have strengthened India's growth outlook despite persistent geopolitical tensions.

The Governor also noted that the developments could suggest a recalibration of the policy rate.

The approved projects include new railway lines and additional tracks across Odisha and Andhra Pradesh, along with a four-lane highway connecting Muzaffarpur, Sitamarhi and Sonbarsa in Bihar.

The survey findings align with a decline in Indian stocks over the past two weeks despite an improving earnings outlook, suggesting investors remain wary of the market even as its fundamentals strengthen.

Zepto's minimum order value has further risen to Rs 299 during periods of high demand. The higher threshold could encourage customers to add more items to their baskets, potentially supporting growth in net order value.

Brent crude traded above $91 a barrel, after gaining 4.5% over the previous three sessions, while West Texas Intermediate was near $85.

The Cabinet Committee on Infrastructure also approved the Soratapwadi to Varve-Shivare section of the Pune Ring Road.

The 30-year fixed mortgage rate stood at 6.77% in the week ended August 7, keeping borrowing costs near their highest level in more than a year.

India is set to import a record 620,000 tons of soyoil in August as Russia-Ukraine hostilities disrupt sunflower oil shipments from the Black Sea.

RBI Deputy Governor Shirish Chandra Murmu said 176 billion banknotes are currently in circulation in India, despite the rapid adoption of UPI and digital payments.

The DFS has also called for a "catch them young" approach, with banks encouraged to establish long-term relationships with customers from an early stage of their financial lives.

India has imposed a Rs 34,000 per tonne minimum import price on clear float glass for one year, restricting shipments priced below the threshold.

India is considering raising the FDI approval threshold from Rs 5,000 crore to Rs 15,000 crore, allowing more large investments to be cleared without CCEA approval.

After rat, pest and expired-food incidents, AICPDF urges FSSAI to tighten oversight of quick-commerce dark stores

Next 3-5 years are pivotal for India's green freight ecosystem, believes Blue Energy Motors MD Anirudh Bhuwalka. "Stronger legislation to adopt LNG and electric mobility will pave the way for rapid adoption," he said.

Private forecaster's downgrade is sharply out of step with IMD's own below-normal call, widening the gap between India's two most-watched monsoon trackers.

Kiyosaki's post came as the US Treasury's Debt to the Penny dataset showed total public debt outstanding at approximately $39.93 trillion as of August 13.