Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the Ministry of Ports, Shipping and Waterways, has approved an overall borrowing limit of ₹25,000 crore to finance an ambitious pipeline of maritime infrastructure projects, with ₹8,000 crore earmarked for the current financial year. Borrowing blueprint to unlock maritime investment The…
Tag: #IndianEconomy
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India Reports Record Foodgrain Output in 2024-25
India recorded a landmark increase in foodgrain production in 2024–25, with final estimates placing output at 357.73 million tonnes — an almost 8% rise from 332.30 million tonnes in 2023–24. Union Agriculture Minister Shri Shivraj Singh Chouhan released the figures in New Delhi and credited farmers, technology adoption and policy…
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Leaders Pay Tribute to Birsa Munda on Gaurav Diwas
India’s top constitutional leaders, including President Droupadi Murmu, Vice President C. P. Radhakrishnan, and Lok Sabha Speaker Om Birla, paid floral tributes to Bhagwan Birsa Munda on the occasion of Janjatiya Gaurav Diwas at the Parliament premises on Friday. The solemn ceremony, held at Prerna Sthal, marked the birth anniversary…
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Suzlon Q2: Tax Write-Back Boosts Profit; Order Book Hits 6.2 GW
Suzlon Energy Ltd. reported a blockbuster Q2 with net profit jumping to ₹1,278 crore, powered largely by a ₹718 crore tax write-back. The result also showed strong operational momentum revenue rose 84% year-on-year and the order book crossed 6 GW, closing at 6.2 GW. Numbers that matter Suzlon’s consolidated revenue…
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GST Revenue Up 4.6% to ₹1.96T Despite Tax Cuts
India’s Goods and Services Tax (GST) collections grew 4.6% year-on-year to ₹1.96 trillion in October 2025, reflecting strong domestic demand despite the recent tax cuts announced by the GST Council. This moderate growth indicates resilience in consumption, especially during the festive season. Festive Demand Fuels Collection Growth The finance ministry…
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Indian Households Pile on Debt Faster Than Assets: RBI Data
New Delhi: Reserve Bank of India (RBI) data show Indian households have been accumulating financial liabilities far faster than financial assets since 2019-20. Between 2019 and 2025, fresh financial assets added annually rose by 48%, while new household liabilities surged by 102% a divergence that carries implications for savings behaviour,…
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Manufacturing Drives India’s 4% Growth in Sept
India’s Index of Industrial Production (IIP) registered a steady 4.0% year-on-year growth in September 2025, according to the latest data released by the Ministry of Statistics and Programme Implementation (MOSPI). The growth was largely driven by a robust performance in the manufacturing sector, which recorded a 4.8% expansion, while mining…
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RBI’s Eased ECB Norms Unlikely to Attract Firms
New Delhi, October 28, 2025: The Reserve Bank of India (RBI) has unveiled a sweeping overhaul of the External Commercial Borrowing (ECB) framework, allowing Indian companies to borrow more from overseas lenders with fewer restrictions. However, experts suggest that these relaxations may not immediately spark a surge in foreign borrowings…
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India Approves ₹5,532 Cr ECMS Projects to Boost Electronics
The Union government has approved the first seven projects under the Electronics Component Manufacturing Scheme (ECMS), with a cumulative investment of ₹5,532 crore. Announced by Union Minister Ashwini Vaishnaw, these projects are projected to generate production worth ₹44,406 crore and create 5,195 direct jobs a strategic step to strengthen India’s…
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Diwali 2025: Are Banks Open or Closed Today?
While Indian stock exchanges hold a special Muhurat trading session on Diwali, bank operations follow a state-wise holiday calendar announced by the Reserve Bank of India. On Tuesday, October 21, 2025 (Diwali/Deepavali & Govardhan Puja), many bank branches are closed in several cities while most branches in major metros remain…