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Goods exports fall to $38bn in April, trade deficit widens to $20 bn - (1)

According to preliminary data released by the Commerce Department on January 1. However, imports did not fall by the same magnitude, totaling $58.26 billion compared to $60.74 billion in March. Thus, the goods trade deficit widened from US$18.51 billion to US$20.07 billion during the period. On an annual basis, export and import growth remained strong. …

Tata Steel's FY23 capex could top Rs12bn, deleveraging continues - CEO - (A)

Tata Steel Ltd has projected a CAPEX of Rs 12 billion for 2022-2023, which could rise after the company conducts a mid-year review of its growth plans, management told reporters and journalists during a conference call. Of the planned investments, approximately Rs 8,500-9,000 crore would go to projects in India, while the rest would go …

India's Economy Won't Overcome COVID-Related Losses Until FY35, RBI Reports Says - (A)

It will take almost 15 years for the Indian economy to recover from the losses suffered during the coronavirus pandemic, according to the Reserve Bank of India (RBI) FY22 monetary and financial report. “Assuming a real growth rate of -6.6% for 2020-21, 8.9% for 2021-22 and an assumed growth rate of 7.2% for 2022-23 and …

Price stability is key to growth, says RBI Money and Finance Report - (A)

On April 29 ReseOn April 29 Reserve Bank of India (RBI) report said price stability is a necessary condition for strong and sustainable growth, along with a seven-point reform plan. The focus on price stability is important given that shortly thereafter the Monetary Policy Committee (MPC) highlighted the threats of high inflation in the economy …

Guide to start investing for beginners - (A)

If you want to start investing in the stock market, a good understanding of stocks and shares is essential. Regular investments, in addition to avoiding financial risks, can help you save a significant amount of money over a longer period of time. Here are some tips that can help beginners save money for the future. …

India's Crypto Law may not be ready until May, Sources Says - (A)

In what can be a major disappointment to the Indian crypto community, a law to regulate cryptocurrencies is unlikely to be put in place until at least after next April, several people familiar with the matter told CoinDesk. The law is still under construction. While the bill titled “The Official Cryptocurrency and Digital Currency Regulation …

The ruling of Rs. 60,000cr for the sectors affected by covid has not yet been communicated five months after the announcement - FHRAI - (A)

The Federation of Hotel and Restaurant Associations of India (FHRAI), which also includes MSMEs and other companies, has again issued a statement to the Secretary of the Treasury, Nirmala Sitharaman, requesting her intervention to support the loan guarantee program of 60 billion announced this year in June. The association had also asked Nirmala Sitharaman to …

3 main challenges for SMEs to get the most out their investment - (A)

As small and medium-sized businesses build more complex portfolios that combine public and private assets, they need to take a comprehensive view of all investments in order to quickly assess risk and make informed decisions. For some organizations, a more complex portfolio may mean the quick addition of public and private debt, bank loans, real …

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