India Economy Archives

FM Sitharaman urges farmers to utilise govt schemes and benefit from GST cuts for higher income, inaugurates agro-processing centre in Karnataka

Topnewsplus2 months ago06 mins

Finance Minister Nirmala Sitharaman on Wednesday urged farmers to make full use of central government schemes to boost productivity and income, while highlighting the impact of recent GST rate cuts and new rural initiatives announced in the Union Budget. According to information shared by the Finance Minister’s Office on X, Sitharaman was speaking after inaugurating…

Gold prices may touch Rs 1.3 lakh this Dhanteras, Rs 1.5 lakh by 2026?

Topnewsplus2 months ago04 mins

Gold’s remarkable rally shows no signs of slowing as the festive season approaches, with many analysts expected the prices to hit Rs 1.3 lakh per 10 grams this festive season. Rising global economic uncertainty, steady central bank purchases and expectations of interest rate cuts are driving the demand. If the trend continues, gold could climb…

RBI’s regulatory reforms to boost resilience of Indian banks: Fitch

Topnewsplus2 months ago03 mins

Indian banks are expected to emerge stronger under the Reserve Bank of India’s (RBI) upcoming regulatory reforms, which aim to bolster the financial system’s ability to absorb shocks and improve long-term stability, according to global rating agency Fitch Ratings. The report, released on Sunday, October 12, noted that the RBI’s 21 proposed measures mark a…

Broader consumption may take another quarter to recover; Q2FY26 earnings of companies likely mixed: Report

Topnewsplus2 months ago03 mins

Broader consumption demand in India may take one more quarter to recover fully, even as some sequential improvement is expected in high-frequency economic indicators, according to a report by Axis Securities. The report suggested that companies may continue to undergo inventory adjustments before consumption patterns normalize. It stated, “the broader consumption demand could still take…

Gold hits all-time high above ,000 globally; Indian futures touch Rs 1.22 lakh on MCX

Gold hits all-time high above $4,000 globally; Indian futures touch Rs 1.22 lakh on MCX

Topnewsplus2 months ago04 mins

Gold touched a new lifetime high on Wednesday, October 8, crossing the $4,000 per ounce mark in global trade for the first time. The rally came on the back of rising uncertainty in world markets and growing bets that the US Federal Reserve could begin cutting interest rates before the end of the year. In…

Rabi MSP hike expected to have limited effect on inflation: ICICI Report

Topnewsplus2 months ago04 mins

The Centre’s decision to raise the Minimum Support Prices for six rabi crops is not expected to cause a significant increase in retail inflation, according to a report by ICICI Bank Global Markets, reported by ANI. The government on October 1, announced the new MSPs for the 2026-27 rabi marketing season, increasing support prices between…