Economy

How the world economy learned to love chaos

War, high interest rates and financial strife are yet to bring down growth

India’s direct tax collections surge 17.7% in FY 2023-24, exceeding budget estimates

India's direct tax revenue for fiscal year 2023-24 showcased impressive growth, reaching ₹19.58 lakh crore, a 17.7% increase from the previous year and surpassing both original and revised budget estimates, signaling a robust economic performance.

Monetary policy committee should match its words and actions on stance, says member Jayanth R Varma

External member Varma believes that a real policy rate of 1-1.5% is sufficient to glide inflation to the target. The current real rate of around 2% risks an unwarranted growth sacrifice.

No surprise that India’s economy growing faster than China, says IMF APAC Director Krishna Srinivasan

Krishna Srinivasan, the Director of the IMF's Asia and Pacific Department attributed India's impressive growth to robust private consumption and public investment

Biden administration restricts oil and gas leasing in 13 million acres of Alaska’s petroleum reserve

Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve

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