Economy News ( English version)

The Centre is set to introduce a creditor-led insolvency resolution mechanism to expedite recoveries and reduce the burden on bankruptcy courts. This new framework will allow out-of-court arrangements for big loan defaults, with a shorter resolution deadline of 150 days. The National Company Law Tribunal's role will be limited to approving the plan agre […]

Global companies like Microsoft, HSBC, JP Morgan, and Amazon are buying carbon credits from Indian farmers to offset their emissions. Agricultural firms such as Bayer and Grow Indigo are helping farmers adopt sustainable practices to generate these credits. India's carbon credit exports could reach $4-7 billion in the next five years, driven by increasi […]

At present, India's exports through ecommerce are worth about $5 billion while the overall international market is worth about $800 billion and is estimated to reach $2 trillion. "We want that at least 10% of the share of that $2 trillion market should be with India and we are expecting that in the next five years, we should be able to reach that $ […]

India's wholesale inflation dropped to a four-month low of 1.31% in August, driven by lower prices in manufactured products and food items. The Wholesale Price Index had risen by 2.04% in July. Food price inflation also eased to 3.11%. Experts predict further easing due to softening global commodity prices.

India's trade gap surged to a 10-month high of $29.65 billion in August due to declining exports and record gold imports. Commerce Secretary Sunil Barthwal cited global economic challenges but emphasized strong domestic consumption and growth in non-petroleum sectors, indicating that the high trade deficit is not currently a major concern.