Anantha Nageswaran News

01.09 / 18:39

COST UPS Provident Manufacturing show Factory production at 3-month high in Aug

NEW DELHI : India’s manufacturing PMI rose to a three-month high of 58.6 in August on the back of an increase in orders and output, a private survey showed. According to S&P Global, India’s purchasing managers’ index (PMI) for manufacturing stood at 57.7 in July, 57.8 in June, and 58.7 in May. A figure of 50 separates expansion from contraction.

31.08 / 15:15

India to clock GDP growth of 6.5% in FY'24 despite rainfall deficit: CEA Nageswaran

The Indian economy is likely to grow at 6.5% in the current fiscal despite deficient monsoon rainfall, chief economic advisor V Anantha Nageswaran said on Thursday. “There is no real cause for concern that inflation would spike out of control as both the government and the Reserve Bank are taking adequate steps to maintain supply and keep prices under check, reported PTI quoting the chief economic advisor.

11.08 / 16:25

COST Strategy Coherent country World Bank mulling local currency lending in countries like India: Official

World Bank is mulling local currency lending in countries like India to help borrowers save on costs, a senior official said on Friday. «How do we do local currency lending for a country like India is also something we are trying to think of at a price which is advantageous to this country,» Anshula Kant, the Managing Director and Chief Financial Officer of the World Bank, said.

03.08 / 12:59

UPS Lowe's Manufacturing COMPOSITE country India needs to focus on manufacturing to achieve sustained 7-7.5 per cent growth until 2030: CEA V Anantha Nageswaran

manufacturing sector to achieve sustained growth of 7-7.5 per cent until 2030, Chief Economic Advisor V Anantha Nageswaran said. In an S&P Global report titled 'Look Forward: India's Moment', Nageswaran said that manufacturing should be a key growth area given the country's comparative advantage in terms of skilled labour, improved physical infrastructure, well-established industrial ecosystem and large domestic market.

10.06 / 14:57

Polkadot cryptocurrency price today polkadot price today avalanche Top cryptocurrency prices today: Solana & Polkadot rally up to 5%, Avalanche drops 3%

Investors across the globe and asset classes awaited the latest Consumer Price Index (CPI) data due on Friday. Inflation numbers are likely to hurt riskier assets as sell-off pressure lingers on the digital token market. Majority of the crypto tokens were trading flat, with minor changes, on Friday. Avalanche dropped 3 per cent, whereas Dogecoin and Cardano also traded in the red. On the other hand, Solana jumped 5 per cent, followed by a 4 per cent rise in Polkadot.

10.06 / 13:29

crypto currencies Cryptocurrencies akin to 'a world of Caribbean pirates' in absence of regulation, says CEA

Anantha Nageswaran on Thursday said cryptocurrencies are akin to 'a world of Caribbean pirates' in the absence of a centralised regulatory authority and is yet to pass the test of a fiat currency. He said that the government is pursuing a 'high-wire balancing act' to ensure that the gains in growth, inflation, rupee stability of the last four years are not frittered away. He said the recent development in Terra-Luna cryptocurrency, which witnessed a massive meltdown last month, is a 'very important cautionary tale'.

09.06 / 11:41

cryptocurrency Aware cryptocurrency news Cryptocurrencies Yet To Pass Muster As Fiat Currency: Chief Economic Adviser

Chief economic adviser has said cryptocurrencies are yet pass muster as fiat currency

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