‘India to become 3rd largest economy’

New Delhi: India’s domestic coal production has shown impressive growth during the past few years and this rise in output has helped the nation to check the import of fossil fuel considerably, the government said on Friday. In the current financial year, the country’s total coal production recorded a more than 16% rise to 698.25 MT during the period from April 2022 to January 2023, as compared to 601.97 MT during the corresponding period of the previous fiscal. —PTI

MARUTI SUZUKI

HIKES PRICE OF IGNIS MODEL BY `27,000

New Delhi (PTI): Vice President Jagdeep Dhankhar on Friday said India is a rising star in the global economy primarily due to agriculture and agri-based industry, and stressed that the country’s rise is “unstoppable”.

Dhankhar said: “In September 2022, India became the 5th largest economy in the world. It has not come easily. It has been a cesarean.”

Indeed, it is a milestone achievement and the agriculture sector had a significant contribution in India’s global rise, he said.

Agriculture is the backbone of the Indian economy. It is primarily because of the agriculture and agribased industry, India is a rising star in the global economy, he added.

Dhankhar further said, India that everyone is seeing today is wonderful. “India’s rise is unstoppable... We are the most favourite destination of opportunities and investment,” he noted.

Such an ecosystem has been developed that affirmative policies are in place to attract talent and investment, he said.

FM highlights rising debt vulnerabilities

New Delhi: Maruti Suzuki

India on Friday said it has increased prices of its premium compact model Ignis by up to `27,000 with the addition of new features. The model is now being equipped with an ESP and Hill Hold Assist as a standard feature across all the variants providing an added safety shield for customers, the country’s largest carmaker said in a regulatory filing. The Ignis is also compliant with the upcoming E20 and RDE norms, it added. —PTI

GOLD PRICES FALL BY `80; SILVER TUMBLES `767/KG

New Delhi (PTI): Finance Minister Nirmala Sitharaman on Friday highlighted rising debt vulnerabilities in many developing countries and sought views from G20 member nations on ‘multilateral coordination’ for managing the burden.

Sitharaman also sought views on how multilateral development banks, like the IMF and World Bank, can be strengthened to address shared global challenges of the 21st century.

“FM highlighted the rising #DebtVulnerbilities in many vulnerable countries and sought views of the #G20 members on

#MultilateralCoordination stating that managing global debt vulnerabilities would be crucial for the world economy,” the finance ministry tweeted.

In December last year, World Bank President David Malpass had said the world’s poorest countries owed $62 billion in annual debt service.

“By the end of the decade, India will be the third largest economy in the world,” he said and urged young Indians to lay the foundation for 2047 when India enters the centenary of its independence.

According To Vice President

z In September 2022, India became the 5th largest economy in the world. It has not come easily. It has been a cesarean z Agriculture is the backbone of the Indian economy. It is primarily because of the agriculture and agri-based industry, India is a rising star in the global economy

He also asserted that value addition to agri-produce can bring economic revolution.

Uncertainties cloud global economy, says RBI Governor

Bengaluru (PTI): The global economic outlook has improved in recent months, but uncertainties still remain, RBI Governor Shaktikanta Das said on Friday as he called upon G20 nations to resolutely address the challenges, including debt distress and threats to financial stability, confronting world economies.

“There is now greater optimism that the world may avoid a deep recession and only experience slow growth or a softer recession. Yet uncertainties lie ahead of us,” Das said.

The International Mon-