FY25 capex may ‘undershoot,’ but GDP growth projection intact: DEA secretary

The government’s FY25 capex target of ₹11.11 lakh crore may see some undershooting, but spending will still surpass last year’s ₹9.5-lakh crore outlay, said Ajay Seth, Secretary of the Department of Economic Affairs (DEA), in a conversation with CNBC-TV18. During a panel discussion at FICCI’s 97th AGM and Annual Convention, Seth emphasised the government’s commitment … Read more

With tariffs in mind, Donald Trump picks Howard Lutnick as commerce secretary

US President-elect Donald Trump has picked Cantor Fitzgerald CEO Howard Lutnick to lead the Department of Commerce. The businessman and long-time friend of Trump’s is slated to lead the incoming administration’s efforts to implement wide-ranging tariffs on goods entering the United States, in a bid to boost local manufacturing. Also in this edition: we bring … Read more