Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more
The Hindu
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Names of 5 crore MGNREGS workers deleted in 2022-23, Minister informs Lok Sabha
Rural Development Minister Giriraj Singh, in a written reply to the Lok Sabha, on July 25 informed that names of over five crore workers have been deleted under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the financial year 2022-23. There has been a hike of 247% in deletions during 2022-23 as compared to 2021-22.
IMF projects Indian economy to grow at 6.1% in 2023
The IMF on July 25 projected a growth rate of 6.1% for India in 2023, which is a 0.2 percentage point upward revision compared with the April projection.
Manipur government partially eases Internet curbs; no access on mobiles
After an 83-day Internet shutdown in Manipur, the State government marginally eased the restrictions on July 25, albeit under strict conditions.
INDIA alliance likely to submit no-confidence motion notice against government in Lok Sabha on Wednesday
Zepto raises $350 million in largest domestic fundraise in India, backed by leading financial institutions and notable individuals.
Adani Enterprises Ltd stock dips on NSE and BSE after Kenyan project cancellations and U.S. court allegations.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.
Private telcos lost over 1 crore wireless subscribers in September, while BSNL added 8.5 lakh users, refusing to hike tariffs.