ECONOMY
Urban unemployment rate for September FY25 quarter...
- Nov 19, 2024
Unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter, according to the National...
RBI Governor Das warns of inflation returning and growth...
- Nov 15, 2024
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday spoke about the central bankers’ perennial dilemma – doing ‘too little or too...
Costly food pushes CPI inflation up to 6.21% in October...
- Nov 13, 2024
Retail inflation breached the Reserve Bank of India’s upper tolerance level, soaring to a 14-month high of 6.21 per cent in October, mainly on...
No immediate cut in interest rates for now as many risks...
- Nov 07, 2024
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that although the central bank had shifted towards a softer neutral monetary...
PM-Jay scheme picks up the tab for over Rs 1.1-lakh crore...
- Nov 04, 2024
The Pradhan Mantri Jan Arogya Yojana (PM-JAY) has provided over Rs 1.1 lakh crore in free hospitalisation benefits to beneficiaries since its launch...
ADB praises India’s fossil fuel subsidy reforms,...
- Nov 03, 2024
India has made significant progress on fossil fuel subsidy reform since 2010 through a well-planned “remove, target and shift” approach, says a...
Government taps rail route to transport onions across India...
- Nov 01, 2024
The government has said that about 840 tonnes of buffer onion has arrived via rail in Delhi’s Kishanganj railway station as a part of its...
Filing GST returns set to be time-barred after three years...
- Oct 30, 2024
Goods and Services Tax Network (GSTN) has said that beginning early next year, GST taxpayers will not be able to file monthly and annual GST returns...
India’s 500-gw green energy target may drown it in huge...
- Oct 21, 2024
The country's target of installing 500 gw of renewable energy by 2030 may push solar equipment import bill to about $30 billion per year and increase...
CPI-based retail inflation spikes to 5.49% in September,...
- Oct 15, 2024
Retail inflation has risen to 5.49 per cent in September from 3.65 per cent in August, according to the government data. Retail inflation, based on...
RBI leaves Repo Rate unchanged at 6.5% for the tenth time...
- Oct 10, 2024
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has opted to maintain the key Repo Rate at 6.5 per cent for the 10th consecutive...
Iran-Israel war triggers an over 3% spike in oil futures...
- Oct 03, 2024
Oil prices on Wednesday surged by over 3 per cent, fuelled by growing fears that the growing tension in West Asia could disrupt the region’s crude...
A mere spark of bad news is likely to burn down big gains...
- Oct 02, 2024
The bulls are on a relentless rampage. Equity benchmark indices Sensex and Nifty are scaling new highs quite too frequently in the past few months....
Economists urge govt for regular consumption surveys for...
- Sep 26, 2024
Several economists have recommended to the Ministry of Statistics and Programme Implementation to look at conducting the Household Consumption...
PLFS sees 4.9% fall in unemployment rate, but jobless rate...
- Sep 24, 2024
India’s overall unemployment rate comprising both urban and rural areas came down to 4.9 per cent in 2023-2024 (July-June) from 5.1 per cent in...
CPI-based retail inflation for August rises marginally to...
- Sep 13, 2024
Retail inflation marginally increased to 3.65 per cent in August and remained within the Reserve Bank of India’s target of 4 per cent, the...
Two GoMs to decide on lower GST on health, life premiums,...
- Sep 10, 2024
The Goods and Services Tax (GST) Council on Monday reached a broad consensus on reducing taxes on health and life insurance premiums, and a final...
India, Singapore sign MoU on chips, companies commit to $60...
- Sep 06, 2024
India and Singapore on Thursday elevated their ties to a comprehensive strategic partnership and inked four MoUs, including one on cooperation in the...
Q1 FY25 GDP growth slows to 15-month low at 6.7% on poor...
- Aug 31, 2024
India’s economic growth slowed to a 15-month low of 6.7 per cent in April-June 2024-25 (Q1 FY25), mainly due to poor performance of agriculture and...
June quarter growth to slip amid subdued manufacturing,...
- Aug 27, 2024
Economists at the country’s largest lender, State Bank of India (SBI) on Monday joined other watchers forecasting a slip in the economic growth and...
India ready to explore ways to collaborate more with IMF,...
- Aug 18, 2024
India was open to “exploring more ways” to increase its collaboration with the International Monetary Fund (IMF), Finance Minister Nirmala...
July CPI inflation plunges to 3.54% on a high base effect...
- Aug 13, 2024
Retail inflation in July eased to 3.54 per cent, marking a sharp decline after it rose in the previous month. With this, retail inflation has fallen...
Good rains, higher output likely to slash FY25 pulses...
- Aug 10, 2024
India’s import of pulses may decline to around 45 lakh tonnes this financial year from 47.38 lakh tonnes in the previous year, as a good monsoon is...
RBI leaves Repo Rate unchanged for the ninth time in a row...
- Aug 09, 2024
The Reserve Bank of India (RBI) on Thursday kept key policy Repo Rate unchanged at 6.5 per cent for the ninth consecutive meeting. The central bank...
After widespread criticism, govt eases LTCG Tax on realty...
- Aug 07, 2024
The Union government has relaxed new property tax rules it had proposed in the recent Union Budget just two weeks ago. The Long-Term Capital Gains...
GST mop-up in July rises by 10.3% year on year to Rs 1.82...
- Aug 02, 2024
Gross Goods and Services Tax (GST) collection in July rose by 10.3 per cent to Rs 1.82 lakh crore as against Rs 1.65 lakh crore in the corresponding...
SEBI’s discussion paper widens net of “connected...
- Jul 30, 2024
Markets regulator Securities and Exchange Board of India (SEBI) has proposed stricter rules to restrict insider trading by bringing more people who...
Union Budget pegs fiscal deficit lower at 4.9%, moots...
- Jul 24, 2024
Finance Minister Nirmala Sitharaman on Tuesday presented the Budget for 2024-25, her seventh straight presentation surpassing the record of former...
Economic Survey 2023-24 pegs real GDP growth for FY25 at...
- Jul 23, 2024
Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament. The survey projects FY25 real GDP growth at 6.5 to 7...
Costly vegetables, fruits and cereals push CPI inflation up...
- Jul 13, 2024
Retail inflation rose to four-month high of 5.08 per cent in June. The Consumer Price Index (CPI)-based inflation was pushed up by a further spurt in...
State governments’ bond issues see big surge, account for...
- Jul 12, 2024
An estimated redemption of State government securities (SGS) of Rs 21 lakh crore during FY26-30 and Rs 18 lakh crore during FY31-35 will likely bloat...
Labour Ministry rejects Citi’s jobs report, stresses that...
- Jul 09, 2024
Refuting a Citigroup report on India’s job condition, the Union Labour Ministry said on Monday that the official data sources showed consistent...
Stocks surge to all-time highs amid concerns of a bubble,...
- Jul 04, 2024
The Stock market is on a roll, with benchmark indices surging to record highs quite often. Late last month, BSE Sensex had breached yet another...
RBI puts out draft paper to rationalise export and import...
- Jul 03, 2024
The Reserve Bank of India (RBI) has proposed rationalisation of norms governing export and import transactions to promote ease of doing business and...
India’s total exports set to hit $800 billion despite...
- Jun 30, 2024
India’s goods and services exports are expected to cross $800 billion during this financial year despite global challenges, Commerce and Industry...
Huge inflows seen in debt market as G-Secs join JP...
- Jun 29, 2024
Government securities (G-Secs) on Friday officially joined JP Morgan’s Government Bond Index-Emerging Market (GBI-EM). The inclusion in the index...
Current account in March 2024 quarter turns surplus at $5.7...
- Jun 25, 2024
India recorded a current account surplus of $5.7 billion or 0.6 per cent of GDP in the March 2024 quarter, the Reserve Bank of India (RBI) said on...
Interest, penalty on GST demand between FY18 and FY20 waived
- Jun 23, 2024
In a significant announcement, the 53rd GST Council meeting held on Saturday recommended waiving interest and penalties if tax is paid by March 31,...
Repo Rate unchanged at 6.5%, FY25 GDP growth estimate hiked...
- Jun 08, 2024
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), which had kick-started its meeting on Wednesday, kept the Repo Rate unchanged at...
RBI may not cut Repo Rate at June 7 MPC meet amid high...
- Jun 03, 2024
The Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon...
GST collections for May rise by 10% at Rs 1.73 l cr, driven...
- Jun 02, 2024
India’s Goods and Services Tax (GST) collections for May 2024 came in at Rs 1.73 lakh crore, up by 10 per cent year-on-year. The growth in mop-up...
Q4 GDP growth slows to 7.8%, but economy in FY24 expands by...
- Jun 01, 2024
India’s economic growth slowed to a four-quarter low of 7.8 per cent in the January-March 2024 period. But it pushed the annual growth rate for...
RBI permits rupee accounts outside India to...
- May 31, 2024
The Reserve Bank of India (RBI) on Thursday allowed opening of rupee accounts outside India as a part of its strategic action plan to...
RBI launches 3 initiatives – PRAVAAH portal, Retail...
- May 29, 2024
The Reserve Bank of India (RBI) on Tuesday launched three major initiatives – the PRAVAAH portal, a Retail Direct mobile application, and a FinTech...
Wanderlust Indians splurge over half of overseas spending...
- May 28, 2024
Indians have spent a record $31.7 billion under the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS) in FY24, an increase of 17...
RBI’s nod for surprise, record Rs 2.11-lakh crore...
- May 23, 2024
The board of the Reserve Bank of India (RBI) on Wednesday approved a record surplus transfer of Rs 2.11 lakh crore to the government for the...
Urban unemployment rate in Q4 of FY24 dips marginally to...
- May 16, 2024
Unemployment rate for people aged 15 years and above in urban areas declined to 6.7 per cent in the January-March period from 6.8 per cent a year...
Australian chickpea price surge after India suspends Import...
- May 08, 2024
Australian desi chickpea prices rose sharply after India suspended tariffs on imports recently, opening the door to a revival of a trade...
Ahead of polls, onion export ban lifted with MEP and Export...
- May 05, 2024
The government on Saturday lifted the ban on onion exports, subject to a minimum export price of $550 per tonne. This decision can help boost income...
FY25 begins on a robust note as April GST collection hits...
- May 02, 2024
Goods and Services Tax (GST) collection in gross terms hit a record high in April 2024 at Rs 2.10 lakh crore. This represents a 12.4 per cent...
Centre’s nod for 99,150 mt of onion exports to six...
- Apr 28, 2024
The Central government has allowed export of 99,150 mt of onion to six countries – Bangladesh, the UAE, Bhutan, Bahrain, Mauritius and Sri...
India, Mauritius ink pact to amend DTAA, limit benefits to...
- Apr 12, 2024
India and Mauritius have signed a protocol to amend the Double Taxation Avoidance Agreement (DTAA), which includes a principal purpose test (PPT) to...
RBI keeps Repo Rate unchanged at 6.50% for 7th time in a...
- Apr 06, 2024
The Reserve Bank of India (RBI) has decided to keep the key Repo Rate unchanged at 6.5 per cent as its focus remains on bringing inflation under...
GST mop-up for March hits Rs 1.78 l cr, FY24 GST collection...
- Apr 02, 2024
Goods and Services Tax (GST) collections in March grew by 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the Finance Ministry...
Government set to borrow Rs 7.5 lakh crore for...
- Mar 28, 2024
The Centre plans to raise Rs 7.5 lakh crore through market borrowing in the April-September period of 2024-25 to fund the revenue gap, the Finance...
PSBs’ dividend payout for FY25 may go past Rs 15,000 amid...
- Mar 25, 2024
Public sector banks (PSBs) are likely to pay a dividend over Rs 15,000 crore for the financial year ending March 2024 on the back of improved...
4th round of Indo-UK FTA talks ends, formal negotiations to...
- Mar 17, 2024
The 14th round of free trade agreement (FTA) negotiations between India and the UK closed on Saturday. Formal negotiations were put on hold as India...
India signs free trade agreement with four-member EFTA...
- Mar 11, 2024
India signed a free trade pact on Sunday with a group of European nations – Switzerland, Norway, Iceland and Liechtenstein –committing to reduce...
India’s extreme poverty eliminated, time for the country...
- Mar 03, 2024
India has officially eliminated ‘extreme poverty’, which can be seen through the sharp decline in headcount poverty ratio and stark increase in...
Q3FY24 GDP jumps by 8.4%, FY24 growth estimate revised...
- Mar 01, 2024
Gross Domestic product (GDP) grew by 8.4 per cent in the December 2023 quarter, data released by the Ministry of Statistics and Programme...
Reading between the lines of NSSO’s recent HCE Survey...
- Feb 28, 2024
The latest Household Consumption Expenditure (HCE) Survey of National Sample Survey Office (NSSO) throws up some interesting information. The latest...
Supreme Court strikes down electoral bonds scheme as...
- Feb 16, 2024
The Supreme Court of India has struck down and declared the electoral bonds scheme, which permitted anonymous donations to political parties, as...
Lower prices of vegetables and fruits bring down January...
- Feb 13, 2024
Retail inflation declined to a three-month low of 5.1 per cent in January, mainly due to subdued prices of vegetables, fruits and other food items,...
RBI leaves Repo Rate unchanged at 6.5% for the sixth time...
- Feb 09, 2024
The Reserve Bank of India (RBI) on Thursday opted to maintain the Repo Rate unchanged at 6.5 per cent for the sixth consecutive time.The Repo Rate,...
Biometric-based Aadhaar authentication may be mandatory to...
- Feb 03, 2024
The GST Council might take up a proposal to make biometric-based Aadhaar authentication mandatory pan-India for suspicious persons seeking GST...
Interim Budget pegs FY25 fiscal deficit at 5.1% of GDP, no...
- Feb 02, 2024
Union Finance Minister Nirmala Sitharaman presented her sixth Union Budget on Thursday. This was an interim Budget ahead of the general elections...
Multiple strategies must defuse the time bomb ticking in...
- Jan 31, 2024
A time bomb of bad loans was ticking rather alarmingly in the unsecured personal loan segment. Such loans grew at breakneck annual rate of 18.69 per...
No proposal before govt to scrap curbs of export of wheat,...
- Jan 14, 2024
Union Minister Piyush Goyal on Saturday said that there was no proposal before the government as of now to lift export curbs on wheat, rice and...
Net direct tax mop-up in April-January rises by 19.41% to...
- Jan 12, 2024
Net direct tax collection so far in this financial year rose by 19.41 per cent to Rs 14.70 lakh crore, reaching about 81 per cent of the full-year...
NSO’s first advance estimates peg real GDP growth of 7.3%...
- Jan 06, 2024
Growth in real Gross Domestic Product (GDP) during 2023-24 was estimated at 7.3 per cent as compared to 7.2 per cent in 2022-23, the National...
December GST mop-up rises by 10.30% YoY, but sequentially...
- Jan 02, 2024
Goods and Services Tax (GST) collection in December 2023 rose by 10 per cent to Rs 1.64 lakh crore, showed government data on Monday.At Rs 1,64,882...
Time To Downgrade Rating Agencies, Steeped In Bias &...
- Dec 31, 2023
It is a confounding paradox of the modern world. Global credit rating agencies had lost their credibility a long time ago. Yet they continue to hold...
India’s outstanding debt in September quarter rises to Rs...
- Dec 21, 2023
The country’s total debt, or the total outstanding bonds which are traded in the market, rose to $2.47 trillion (Rs 205 lakh crore) in the...
Net direct tax touches 58.34% of Budget Estimates at Rs...
- Dec 15, 2023
Net direct tax collection in the eight months of the current financial year touched 58.34 per cent of Budget Estimates (BE) at Rs 10.64 lakh...
November CPI inflation up at 5.55%; IIP surges to 16-month...
- Dec 13, 2023
Retail inflation measured by Consumer Price Index (CPI) surged by 5.55 per cent in November on an annual basis as against a four-month low of 4.87...
Govt may stick to total tax collection target of Rs 33.61...
- Dec 12, 2023
The government was likely to stick to the budgeted estimate of total tax collection target of Rs 33.61 lakh crore for the current financial year in...
Manufacturing, urban consumption drive Q2 FY24 GDP up by...
- Dec 01, 2023
Gross Domestic Product (GDP) for the second quarter (Q2) of the ongoing financial year accelerated to 7.6 per cent year-on-year, showed data shared...
Did India’s GDP ‘poll vault’ past $4 trillion? No...
- Nov 20, 2023
Billionaire Gautam Adani to two Union Ministers and Maharashtra Deputy Chief Minister Devendra Fadnavis among others on Sunday hailed India crossing...
India’s Russian imports surge by 64% in Apr-Oct FY24,...
- Nov 16, 2023
India’s imports from Russia rose by 64 per cent to $36.27 billion during the April-October period of FY24 on higher shipments of crude oil and...
Government set to auction 20 critical mineral blocks in...
- Nov 15, 2023
The government will invite bids for 20 critical mineral blocks in next two weeks, according to a top official. The 20 critical blocks include lithium...
CPI inflation in October at 4.87% below RBI’s upper...
- Nov 14, 2023
Retail inflation as measured by Consumer Price Index (CPI) eased to a four-month low of 4.87 per cent in October from 5.02 per cent the previous...
Free foodgrain scheme extended for 5 years to benefit 81.35...
- Nov 05, 2023
The BJP-led Centre has extended free ration scheme for the 80 crore poor for the next five years. Prime Minister Narendra Modi made the announcement...
Few takers for rupee trade amid capital controls, meagre...
- Oct 31, 2023
It is over a year since India seriously began looking at settling global trade transactions in rupees. In July 2022, the Reserve Bank of India (RBI)...
Basmati export floor price slashed to $950/tonne to push...
- Oct 27, 2023
The Union government has reduced the floor price for basmati rice exports to $950 per tonne from $1,200 per tonne amid concerns that higher prices...
CPI-based inflation eases to 5.02% in September; August IIP...
- Oct 13, 2023
Retail inflation declined to a three-month low of 5.02 per cent in September, mainly due to easing food prices, according to the government data...
Big Relief for millets, molasses as GST Council cuts taxes...
- Oct 08, 2023
The GST Council on Saturday announced its decision to reduce taxes on molasses from 28 to 5 per cent. Union Finance Minister Nirmala Sitharaman said...
Balancing inflation outlook and growth prospects, RBI keeps...
- Oct 07, 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Friday that the central bank’s Monetary Policy Committee (MPC) had unanimously...
UBS sees high-income Indians’ spending surging during the...
- Oct 05, 2023
ndian consumer spending may rise this year reveals a report based on the fourth wave of the UBS Evidence Lab India post-COVID consumption outlook...
Core sector growth for August surges to 14-month high of...
- Oct 01, 2023
Eight core sectors posted growth of 12.1 per cent in August, according to data released by the Ministry of Commerce and Industry on Friday. At 12.1...
India, Brazil start talks to end WTO sugar row; ethanol may...
- Sep 18, 2023
India and Brazil have started talks to resolve a sugar-related trade dispute at the World Trade Organization (WTO) mutually. As a part of the...
CPI inflation for August eases by 6.83%, while IIP for July...
- Sep 13, 2023
The Consumer Price Index (CPI)-based inflation for August came at 6.83 per cent as against a high of 7.44 per cent in July, according to data...
Incremental Cash Reserve Ratio to be discontinued in a...
- Sep 09, 2023
Reserve Bank of India (RBI) on Friday 8 said it had decided to discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. “On...
Real GDP expands by 7.8% in Q1 of FY24, nominal GDP grows...
- Sep 01, 2023
India’s Gross Domestic Product (GDP) clocked a growth rate of 7.8 per cent in the April-June quarter of FY24 compared with 13.1 per cent in the...
Chandrayaan-3’s success makes India a space power and...
- Aug 31, 2023
On August 23, at a little past 6 pm Vikram, the lander of Chandrayaan-3, landed on the moon’s South Pole. The success of Chandrayaan-3 is one of...
India poised for driest August in 100 years as El Nino...
- Aug 30, 2023
India is poised to experience the driest August since 1901 which, senior meteorologists say, is a clear result of intensifying El Nino conditions....
FDI inflow into India dips by 34% to $10.94 billion in Q1...
- Aug 28, 2023
Foreign direct investment (FDI) into India declined by 34 per cent to $10.94 billion during April-June 2023-24, dragged by lower inflows in computer...
CHANDRAYAAN 3: Vikram lander sets foot on south pole of the...
- Aug 24, 2023
Chandrayaan 3’s Vikram lander successfully touched down on the moon’s south pole on Wednesday evening, sparking jubilation across the country....
RBI pushes banks to settle UAE-India trade payments in...
- Aug 22, 2023
The Reserve Bank of India (RBI) was nudging local banks to ask their clients to settle trade between the United Arab Emirates (UAE) and India using...
Centre slaps 40% duty on onion exports to tame its surging...
- Aug 20, 2023
The Centre on Saturday imposed a 40 per cent duty on onion exports. The move is aimed at cooling down the price of the kitchen staple, which is 20...
July retail inflation jumps to 15-month high at 7.44%,...
- Aug 15, 2023
Retail inflation spiked to a 15-month high of 7.44 per cent in July as tomatoes, vegetables and other food items turned costlier, overshooting...
RBI keeps Repo Rate unchanged at 6.5% once again, concerned...
- Aug 11, 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the central bank’s Monetary Policy Committee (MPC) decided to keep the...
Lok Sabha passes data protection Bill, Opposition walks...
- Aug 08, 2023
Amid protests, the Lok Sabha on Monday passed the Digital Personal Data Protection (DPDP) Bill, 2023, with a voice vote, bringing India a step closer...
Horse racing, casinos and online gaming set to attract 28%...
- Jul 12, 2023
Group of Ministers (GoM) decided to levy a 28 per cent Goods and Services Tax (GST) on the full value of online gaming, horse racing and casinos with...
Costly vegetables may upset inflation calculation, pushing...
- Jul 11, 2023
A steeper-than-expected surge in prices of vegetables, especially tomatoes, over the past few weeks could push India’s retail inflation towards 5.5...
Prime Minister Modi’s State visit adds depth to Indo-US...
- Jul 06, 2023
Prime Minister Narendra Modi’s recent State visit to the US brought the two nations closer to each other than ever before. Mr Modi’s three-day...
India set to import 35% more tur at 12 lakh tonnes to check...
- Jul 01, 2023
Facing a sharp rise in tur prices amid lower production, India will import 12 lakh tonnes of the pulse in the current financial year, up by...
GST@6: Rs 1.5 l cr revenue new normal & many challenges...
- Jun 30, 2023
Six years after rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become...
CAD for Q4 of FY23 falls to 0.2% of GDP, aided by lower...
- Jun 28, 2023
India’s current account deficit (CAD) narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to...
Tomato scores over a century in retail markets as delayed...
- Jun 27, 2023
Prices of tomatoes have surged up between Rs 80 and Rs 120 per kg in the retail market, while wholesale prices have gone up to Rs 65 to Rs 70 per kg....
Personal consumption, investments losing steam due to high...
- Jun 24, 2023
Inflation was slowing down personal consumption expenditure, which in turn was moderating corporate sales and holding back private investment in...
Late monsoon set to see spike in FY24 inflation, warns...
- Jun 17, 2023
A German brokerage on Friday warned that with the delayed monsoon, there was no scope for complacency on inflation even though official data for May...
As food prices drop, retail inflation hits 25-month low of...
- Jun 13, 2023
Consumer Price Index (CPI)-based inflation cooled to a 25-month low of 4.25 per cent in May as food price rises slowed further, drawing closer to the...
Moody’s sees India’s Q1 FY24 GDP growth at 6%, flags...
- Jun 12, 2023
Moody’s on Sunday said that the Indian economy was expected to clock 6-6.3 per cent growth in June quarter. The rating agency also flagged risks of...
RBI maintains status quo for the second time as CPI...
- Jun 09, 2023
The Reserve Bank of India (RBI) on Thursday opted for a pause for the second time in a row, maintaining key benchmark policy rate at 6.5 per cent as...
Bankers, experts expect RBI to pause rate hike as inflation...
- Jun 05, 2023
The Reserve Bank of India (RBI) will maintain the policy Repo Rate at 6.5 per cent during its upcoming June 8 announcement, anticipate experts. They...
PM Modi’s nine years transform India in amazing ways amid...
- Jun 03, 2023
Prime Minister Narendra Modi’s government completed nine years in power last month. The nine years of Mr Modi’s BJP-led NDA government have...
GDP grows by 7.2% in FY23, powered by agriculture,...
- Jun 01, 2023
The Indian economy grew by 6.1 per cent in the January-March quarter of 2022-23, pushing annual growth rate to 7.2 per cent. The good show in the...
Prime Minister Narendra Modi appeals to States to be...
- May 28, 2023
Prime Minister Narendra Modi urged States to take “financially-prudent decisions” as top Central and State leaders gathered in New Delhi on...
Russia very keen on having more trade with India in local...
- May 16, 2023
India and Russia have been settling some of their non-oil trade in rupees since the beginning of this year, a top official of State-run lender UCO...
April CPI slides to 4.7% as food inflation eases; IIP...
- May 13, 2023
Consumer Price Index (CPI)-based inflation fell to 4.7 per cent in April, data from the Ministry of Statistics and Programme Implementation (MoSPI)...
Gross GST mop-up at Rs 1.87 l cr in April – highest-ever...
- May 02, 2023
The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since...
GST officers tap data analytics to prevent tax evasion...
- Apr 24, 2023
Goods and Services Tax (GST) officers are using data analytics to ascertain if the entire supply chain in a particular sector is paying adequate GST,...
CPI inflation for March drops to 5.66% below RBI’s...
- Apr 13, 2023
Retail inflation as measured by the Consumer Price Index (CPI) fell to 5.66 per cent in March, according to data from the Ministry of Statistics and...
IMD’s normal monsoon forecast bodes well for farm output,...
- Apr 12, 2023
India, which relies on rain for the vast share of its water, forecast that monsoon will be normal this year, potentially bolstering the outlook for...
India’s foreign trade likely to have surpassed $1.6...
- Apr 03, 2023
India’s foreign trade is expected to have crossed $1.6 trillion during the just-concluded financial year despite global economic uncertainties,...
March unemployment rate up at 7.80%, urban joblessness rate...
- Apr 02, 2023
Joblessness as measured by the CMIE Unemployment Rate rose to 7.8 per cent in March this year, marginally higher than 7.45 per cent registered in...
RBI optimistic of India’s GDP growing in FY24 as rest of...
- Mar 22, 2023
Notwithstanding global slowdown and bank collapses in the US, a Reserve Bank of India (RBI) article on Tuesday took a sanguine view that Indian...
Retail inflation for February drops marginally to 6.44% as...
- Mar 14, 2023
Retail inflation dipped marginally to 6.44 per cent in February, mainly on account of a slight easing in prices of food and fuel items, government...
Inflation set to lower in a year, notes Ashima Goyal,...
- Mar 13, 2023
Inflation was expected to come down over the year, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on Sunday. She asserted that the...
A sober reading of Q3 numbers reveals that economic...
- Mar 02, 2023
The GDP numbers for the October-December 2022 quarter were subdued at 4.4 per cent. The latest growth figures put out by the NSO showed...
Q3 FY23 GDP growth slows down by 4.4%, dented by rate...
- Mar 01, 2023
The country’s Gross Domestic Product (GDP) for the October-December 2022 quarter moderated to 4.4 per cent, data shared by the Ministry of...
States to get Rs 16,982 cr balance GST compensation; levy...
- Feb 19, 2023
Finance Minister Nirmala Sitharaman on Saturday announced that the GST Council had given its approval to clear Rs 16,982 crore of balance of...
Central government looks to tap kirana stores to expand GST...
- Feb 17, 2023
The Union government is planning to widen its Goods and Services Tax (GST) by tapping a section of mom-and-pop or kirana stores, according...
January retail inflation soars to 6.52%, driven by costly...
- Feb 14, 2023
The annual retail inflation rate for India rose to 6.52 per cent in January from 5.72 per cent in December, government data showed on Monday.CPI...
Factory output growth sequentially slows to 4.3% in...
- Feb 11, 2023
The country’s industrial production growth slipped to 4.3 per cent in December 2022 from 7.3 per cent in November 2022, mainly due to subdued...
RBI hikes Repo Rate by 25 bps to 6.5%, warns about high...
- Feb 09, 2023
The Reserve Bank of India (RBI) on Wednesday raised the Repo Rate — or the rate at which the central bank lends money to commercial banks or...
Union Budget sticks to fiscal prudence, showers sops on new...
- Feb 02, 2023
Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in the Parliament on Wednesday, the NDA government’s last full Union Budget...
Economic Survey pegs FY23 real GDP growth at 7% and at 6.5%...
- Feb 01, 2023
The Economic Survey 2022-23, which was tabled by Finance Minister Nirmala Sitharaman in the Parliament on Tuesday, projected baseline GDP growth of...
Over half of households surveyed across 309 districts...
- Jan 30, 2023
More than half of households in a survey conducted online across 309 districts expected a decline in their income by up to 25 per cent and dip in...
Wheat and paddy purchase in quantity and quality surges in...
- Jan 25, 2023
Procurement of wheat and paddy in quantity and value terms had risen significantly in the last eight years on account of a hike in the Minimum...
Supply chain tweak set to benefit India amid likely global...
- Jan 17, 2023
A global recession was likely in 2023, but pressures on food, energy and inflation might be peaking, the World Economic Forum (WEF) said on Monday in...
December 2022 CPI inflation dips to 5.72%; IIP for November...
- Jan 13, 2023
Retail inflation remained below the Reserve Bank of India’s (RBI) upper tolerance level of 6 per cent for the second consecutive month in December...
Remittances into India rise by 12% to $100 billion in 2022,...
- Jan 11, 2023
Union Finance Minister Nirmala Sitharaman on Tuesday said that remittances sent to the country by overseas Indians were about $100 billion for 2022,...
Fall in nominal GDP growth in FY24 set to upset...
- Jan 10, 2023
Nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the Union government to reduce the Budget gap by...
Government cautions on unemployment data put out by private...
- Jan 06, 2023
The government has responded to recent media reports on India’s unemployment rate, saying that results of surveys by private companies or...
Supreme Court finds no flaws in demonetisation in a 4:1...
- Jan 03, 2023
The Supreme Court on Monday upheld by a 4:1 majority the Centre’s 2016 decision to demonetise the currency notes of Rs 500 and Rs 1,000. The...
Higher merchandise trade deficit pushes Q2 CAD up to 4.4%...
- Dec 31, 2022
The country’s Current Account Deficit (CAD) widened to 4.4 per cent of Gross Domestic Product (GDP) in the second quarter (Q2) of 2022-23 on higher...
Amid global uncertainties, RBI set to continue battle...
- Dec 31, 2022
After remaining above the Reserve Bank of India’s (RBI) comfort level of 6 per cent for most part of this year, retail inflation is slowly easing,...
Government tweaks GST rules, makes changes related to ITC...
- Dec 28, 2022
GST taxpayers will be required to reverse by November 30 the input tax credit (ITC) claimed in the previous financial year in case their suppliers...
Farm and allied sector exports soar by almost 12% in...
- Dec 27, 2022
Export of agricultural and allied commodities rose by 11.97 per cent to $30.21 billion during the April-October period of current financial year, the...
