Rupee’s fall fuels inflation, but it makes exports competitive: Experts

Rupee’s fall fuels inflation, but it makes exports competitive: Experts

Monday, 18 July 2022 | PTI | New Delhi

Rupee depreciation has impacted the current account deficit and fuelled inflationary pressures but at the same time it has made Indian exports more competitive, according to experts. The Indian rupee has been depreciating against the USD dollar and is nearing the psychologically key mark of 80, making imports expensive. "The depreciation of...

‘Calibration of ILS for runway 28 of upcoming New Goa International Airport completed’

Saturday, 16 July 2022 | Staff Reporter | NEW DELHI

The Goa International Airport Limited (GGIAL) has announced that it has successfully completed calibration of the Instrument Landing System (ILS) for the newly built Runway 28 of the upcoming New Goa International Airport. ILS is an essential navigation aid to help pilots land their aircraft in low visibility conditions during IFR...

States' capex seen soaring 36% in FY23, fiscal deficit at Rs 8.4 L crore: Icra

Saturday, 16 July 2022 | PTI | Mumbai

States have budgeted 36 per cent higher capital expenditure during this financial year, which may lead to a sharp rise in their fiscal deficit to Rs 8.4 lakh crore, a report said on Friday. Registering an increase of 34.1 per cent from the pre-pandemic (FY20) levels, 26 large states, excluding Assam,...

India's long-term growth prospects embedded in public capital expenditure programmes: FM

Saturday, 16 July 2022 | PTI | New Delhi

Finance Minister Nirmala Sitharaman on Friday said India's long-term growth prospects are embedded in public capital expenditure programmes. Sitharaman, while attending the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting hosted by Indonesia in Bali, also said evidence-based policy making is vital for resilient economic systems. The government has laid...

Sensex, Nifty rebound on gains in FMCG, auto shares; snap 4 days of decline

Saturday, 16 July 2022 | PTI | Mumbai

Benchmark BSE Sensex rebounded by 344 points while Nifty closed above the 16,000 level in choppy trade on Friday, snapping four days of decline on buying in FMCG, auto and capital goods counters. The 30-share BSE barometer climbed 344.63 points or 0.65 per cent to settle at 53,760.78 as 18 of...

Vietjet flights to connect 5 Indian cities to Vietnam this year

Saturday, 16 July 2022 | PTI | Mumbai

Vietnamese carrier Vietjet on Friday said its flight services will connect five Indian cities to Vietnam by early November this year. At present, Mumbai and Delhi are part of the southeast Asian airline's international network. Vietjet has been flying into India since December 2019 when it launched services to Delhi from Hanoi...

Rupee at life-time low to hit imports, overseas education, travel

Rupee at life-time low to hit imports, overseas education, travel

Friday, 15 July 2022 | PTI | New Delhi

The Indian rupee nearing 80 to a US dollar will make imports of items from crude oil to electronic goods, overseas education and foreign travel costlier while raising fears that the inflation situation could worsen. The primary and immediate impact of a depreciating rupee is on the importers who will have...

India's long-term growth prospects embedded in public capital expenditure programmes: FM Sitharaman

India's long-term growth prospects embedded in public capital expenditure programmes: FM Sitharaman

Friday, 15 July 2022 | PTI | New Delhi

Finance Minister Nirmala Sitharaman on Friday said India's long-term growth prospects are embedded in public capital expenditure programmes. Sitharaman, while attending the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting hosted by Indonesia in Bali, also said evidence-based policy making is vital for resilient economic systems. The government has laid...

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