RBI raises real GDP growth forecast to 6.7 pc for 2025-26

IANS | February 7, 2025 11:22 AM

Mumbai, Feb 7 (IANS) The Reserve Bank of India (RBI) on Friday raised the country’s real GDP growth forecast to real GDP growth for 2025-26 to 6.7 per cent, as it expects a robust rabi crop output and an expected recovery in industrial activity to support economic growth going ahead.

IRDAI directs health insurers not to hike premium for senior citizens by over 10 pc

IANS | February 7, 2025 10:20 AM

New Delhi, Feb 7 (IANS) As health insurance companies have implemented steep premium hikes across age groups — some insurers even increasing health premiums up to 200 per cent — the Insurance Regulatory and Development Authority of India (IRDAI) has directed them not to revise premium rates for senior citizens by more than 10 per cent per annum.

India's defence modernisation gets boost with Rs 10,147 crore rocket procurement deals

IANS | February 6, 2025 8:12 PM

New Delhi, Feb 6 (IANS) In an important move aimed at strengthening India's defence capabilities and achieving the vision of 'Aatmanirbhar Bharat,' the Ministry of Defence (MoD) has signed contracts worth a total of Rs 10,147 crore with three prominent Indian companies: the Economic Explosives Ltd (EEL), Munitions India Ltd (MIL), and Bharat Electronics Ltd (BEL).

India’s solar cell capacity poised for 5-fold jump to 55 GW by 2026-27

IANS | February 6, 2025 5:20 PM

New Delhi, Feb 6 (IANS) India's solar cell manufacturing capacity is set to touch 50-55 GW by fiscal year 2027, up five-fold from 10 GW at the end of fiscal 2024, propelled by the government’s policy thrust to reduce imports of cells and modules, according to a Crisil Ratings report released on Thursday.

PM Modi likely to meet Elon Musk during US visit

IANS | February 5, 2025 3:42 PM

New Delhi, Feb 5 (IANS) Prime Minister Narendra Modi, slated to visit the United States this month to meet President Donald Trump, is also likely to see Tesla and SpaceX CEO Elon Musk.