ECONOMY
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...
Amid global concerns, India looks set for more foreign...
- Dec 26, 2022
India may attract eyes of overseas investors in 2023 as well on account of measures such as rollout of the Production-Linked Incentive (PLI) Scheme...
PAN to be inoperative if not linked with Aadhaar by March...
- Dec 26, 2022
The Income Tax (I-T) Department on Saturday issued an advisory that those Permanent Account Numbers (PAN) which were not linked with Aadhaar by the...
SEBI ban on trade in seven commodity futures to stay for...
- Dec 23, 2022
The Securities and Exchange Board of India (SEBI) has extended suspension on derivatives trading of seven commodities for one more year till December...
Russia replaces Iraq as India’s top oil supplier in...
- Dec 15, 2022
Russia has for the first time emerged as top oil supplier to India, replacing Iraq as refiners last month snapped up oil from Moscow, fearing a price...
Over 5.57 lakh companies deleted from records due to...
- Dec 14, 2022
More than 5.57 lakh companies were struck off the records in the last five years due to non-compliance with various provisions of the companies law,...
November CPI inflation will nudge RBI to stop rate hike...
- Dec 13, 2022
The November inflation print of 5.88 per cent provided impetus to end the rate hike cycle, economists at the country’s largest lender SBI said on...
RBI raises Repo Rate by 35 bps to 6.25%, slashes FY23...
- Dec 07, 2022
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the key Repo Rate by 35 basis points (bps) to 6.25 per cent in...
Rajan cautions central bankers to watch out for a shift to...
- Dec 03, 2022
The global economy could go back to a low-inflation regime, and central bankers pursuing restrictive monetary policies should keep that in mind, said...
Poor performance of manufacturing, mining drag Q2 GDP down...
- Dec 01, 2022
Economic growth slowed down to 6.3 per cent in the July-September quarter of FY23, dragged down mainly by poor performance of manufacturing and...
Amid din over GM and hybrids, natural crops can help reap a...
- Nov 30, 2022
It has been one step forward and two steps back for Indian genetically-modified (GM) corps. In mid-October, the Union Ministry of Environment,...
NITI Aayog chief Suman Bery worried over return of Old...
- Nov 28, 2022
NITI Aayog Vice-Chairman Suman Bery on Sunday expressed concern over the revival of Old Pension Scheme by some States. He said that it would burden...
Rising corporate loans show signs of a start of new private...
- Nov 22, 2022
Banks are expanding lending to domestic corporations at the fastest pace in more than eight years. This is a sign of a new private investment cycle...
Centre willing to get petrol, diesel under GST, but States...
- Nov 15, 2022
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Monday that the Central government was ready to bring petrol and diesel under...
October retail inflation set to be less than 7%, predicts...
- Nov 13, 2022
RBI Governor Shaktikanta Das on Saturday said that there was no need to change the inflation target despite the central bank’s failure to keep it...
Big spending cuts ahead as government committed to FY23...
- Nov 10, 2022
Spending by the Central government in this financial year could be less than budgeted for the first time in three years, two sources with direct...
Indo-Chinese bilateral trade surges past $100 billion in...
- Oct 27, 2022
Bilateral trade of India and China continued to boom, crossing $100 billion for the second year in the first nine months of 2022. India’s trade...
Recession likely in 2023, opine 66% of Indian CEOs, 82%...
- Oct 18, 2022
Around 66 per cent of CEOs in India anticipate a recession in the next 12 months compared to 86 per cent CEOs globally, a private survey shows....
September CPI inflation heats up to 7.41%, surging for nine...
- Oct 13, 2022
Retail inflation, measured by Consumer Price Index (CPI), rose to a five-month high of 7.41 per cent for September, up from 7.00 per cent in August....
Spending 5% of GDP per year can ensure full employment,...
- Oct 12, 2022
The government needs to invest at least 5 per cent of GDP, or Rs 13.52 lakh crore, per year and enact a Right to Work legislation to ensure full...
Data localisation among top issues in the way of India-UK...
- Oct 10, 2022
Data localisation and UK companies being allowed to bid for Indian government contracts were among the issues causing a possible deadlock in the...
RBI to start pilot project on digital rupee soon, issues...
- Oct 08, 2022
The Reserve Bank of India (RBI) on Friday said that it would soon commence a pilot launch of the digital rupee for specific use cases as it tests...
Weak rupee apart, low stock in vaults to turn gold costlier...
- Oct 05, 2022
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey and other markets where better...
Pain for rupee will linger longer as US Fed remains focused...
- Oct 02, 2022
The rupee plunged to a record low of 81.94 against the dollar last month. The Indian currency has slid by almost 9 per cent against the greenback...
With 50 bps hike, Repo Rate at 5.90%; RBI cuts FY23 growth...
- Oct 01, 2022
The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points (bps) to 5.90 per cent. The rate hike is aimed at...
Rates of small savings schemes hiked to align with high...
- Sep 30, 2022
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the...
Illicit trade in five industries costs exchequer Rs 58,521...
- Sep 23, 2022
The exchequer is estimated to have lost Rs 58,521 crore in taxes in 2019-20 due to illicit trade in goods in five key industries, including FMCG,...
Rage Against Revdi: Debate on freebies overlooks larger...
- Sep 21, 2022
In the midst of the festival season, Prime Minister Narendra Modi got India hooked on to revdi. The revdi in question here was, of course, not the...
India paying double the price for LNG as Russian fuel flow...
- Sep 20, 2022
India has purchased some of the nation’s most expensive liquefied natural gas (LNG) shipments ever after vital Russian deliveries were...
August retail inflation shoots up to 7%, factory output in...
- Sep 13, 2022
Retail inflation inched up to 7 per cent in August from 6.71 per cent in July mainly due to higher food prices, government data showed on...
Rising digital payments point to higher consumption,...
- Sep 12, 2022
Rising credit card and Unified Payments Interface (UPI) payments indicated towards an increase in consumption amid recovery in economic activities...
“India’s fiscal prudence has paid off, while West is...
- Sep 11, 2022
India’s prudent fiscal policy has paid off. On the other hand, US, UK and EU are facing a double whammy of unprecedented inflation and negative...
Exports in August shrink by 1.15% to $33 bn, trade deficit...
- Sep 04, 2022
India’s exports contracted by 1.15 per cent to $33 billion, and trade deficit more than doubled to $28.68 billion in August, a preliminary data...
Muted Q1 growth despite a favourable base effect portends a...
- Sep 03, 2022
Economic growth numbers for the first quarter (Q1) of 2022-23 were quite disappointing. At 13.5 per cent, the Q1 Gross Domestic Product (GDP)...
Q1 FY23 GDP expands by 13.5%, gets a big boost from...
- Sep 01, 2022
The economy grew by 13.5 per cent in the April-June quarter this financial year – the fastest in the last four quarters – on account of better...
Central banks should focus on fighting inflation, leaving...
- Aug 27, 2022
Rising inflation globally has brought the role of central banks under sharp scrutiny with many experts pointing to their failure in reading the exact...
From a basket case, India has made dramatic strides to...
- Aug 16, 2022
Indian economy’s tryst with destiny has been nothing short of awe-inspiring. Abject poverty, severe food shortage, a lack of industries and a...
Finance Ministry looking to scrap deductions, exemptions in...
- Aug 15, 2022
The Finance Ministry is proposing to review soon exemption-free new tax regime with a view to making it more attractive for individual income...
Corporate Tax collections in 2021-22 year on year soar by...
- Aug 13, 2022
The Income Tax Department on Friday said that Corporate Tax collections in the first four months of the current financial had grown by 34 per cent...
Oil price rises past Rs 98 per barrel as IEA sees higher...
- Aug 12, 2022
Oil prices rose by over 1 per cent on Thursday after the International Energy Agency (IEA) raised its oil demand growth forecast for this year as...
Eight core sectors expand by 12.7 per cent year on year in...
- Jul 30, 2022
Output of eight core infrastructure sectors expanded by 12.7 per cent in June against 9.4 per cent in the year-ago period, according to official data...
India’s imports from China jump by 29% in the past five...
- Jul 29, 2022
India’s total imports from China increased by nearly 29 per cent in the past five years. Compared to 2017-18 and 2021-22, the annual imports from...
June retail inflation eases marginally to 7.01%, but still...
- Jul 13, 2022
Retail inflation, as measured by the Consumer Price Index (CPI) marginally eased to 7.01 per cent on an annual basis in June from 7.04 per cent in...
India only economy among the world’s top ten to post...
- Jul 12, 2022
India’s robustness amid testing times of COVID-19 and geopolitical spillovers remains intact. The Indian economy improved from the sixth position...
Emkay sees PLI scheme adding 4% of GDP in incremental...
- Jul 06, 2022
The government’s Production-Linked Incentive (PLI) scheme has the potential to add nearly 4 per cent of GDP in terms of incremental annual...
Exports in June surge by 16.8% to $37.94 billion; trade...
- Jul 05, 2022
India’s exports witnessed an increase of 16.8 per cent year-on-year (Y-o-Y) to $37.94 billion in June. Trade deficit too ballooned to a record...
Relaxed FCRA rules permit Indians to receive up to Rs 10...
- Jul 03, 2022
The Union Home Ministry has amended certain rules related to the Foreign Contribution (Regulation) Act (FCRA), allowing Indians to receive up to Rs...
Govt eyes Rs 1 l cr from Export Tax on petroleum products,...
- Jul 02, 2022
The government on Friday slapped Export Tax on petrol and diesel. The tax has been levied against the backdrop of some refineries making...
GST @ 5: Calm After The Storm
- Jul 01, 2022
The Goods and Services Tax (GST) regime has completed five years. Numerous policy changes and procedural and technological overhauls – many of...
Decision on levying tax on casinos, lottery & GST...
- Jun 30, 2022
The GST Council on Wednesday deferred a decision on levying a 28 per cent tax on casinos, online gaming, horse racing and lottery, pending more...
Goods and services set to get costlier as GST Council...
- Jun 29, 2022
The GST Council on Tuesday approved changes in the tax rates on some goods and services with a view to rationalising the levy. On Day 1 of the...
Coal Ministry receives 38 bids for commercial mines auctions
- Jun 28, 2022
The Coal Ministry on Monday said that it had received a total of 38 bids during three rounds of commercial coal mine auctions. The online bids...
India’s imports of Russian oil soar by 50%, account for...
- Jun 24, 2022
India’s crude oil imports from Russia have jumped by over 50 times since April and now make up for 10 per cent of all crude oil bought from...
Indians’ money in Swiss banks surge to 14-year high in...
- Jun 17, 2022
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a...
Wholesale inflation in May surges to a record high of...
- Jun 15, 2022
Wholesale price-based inflation rose to a record high of 15.88 per cent in May on rising prices of food items and crude oil.The Wholesale Price Index...
Lower spike in food prices slightly cools down May CPI...
- Jun 14, 2022
Retail inflation eased slightly in May to 7.04 per cent, after touching an eight-year high of 7.79 per cent in April. However, it remained above the...
Capital goods and consumer durables push IIP in April up by...
- Jun 11, 2022
India’s factory output growth, as measured by the Index of Industrial Production (IIP), surged by 7.1 per cent in April 2022 on the back of growth...
Economists see further rate hikes by RBI, industry leaders...
- Jun 09, 2022
The Reserve Bank of India (RBI) on Wednesday hiked the policy Repo Rate by 50 basis points (bps) to 4.90 per cent. The central bank also raised the...
RBI raises Repo Rate by 50 bps to 4.90%, estimates...
- Jun 09, 2022
The Reserve Bank of India (RBI) on Wednesday hiked the policy Repo Rate by 50 basis points (bps) to 4.90 per cent. The central bank also raised the...
The Plunging Rupee
- Jun 06, 2022
The rupee is in a free fall. The Indian currency is depreciating at a fast pace against the dollar. It has raced past a record low of Rs 77.7...
EPF deposits will fetch 8.1% interest for FY22 – the...
- Jun 04, 2022
The Central government on Friday approved 8.1 per cent rate of interest on Employees’ Provident Fund (EPF) deposits for 2021-22, according to an...
Goods exports in May rise by 15.46% to $37.29 bn, trade...
- Jun 03, 2022
India’s merchandise exports rose by 15.46 per cent to $37.29 billion in May on account of healthy performance by sectors like petroleum products,...
GDP grows by 8.7% for FY22, GVA in FY22 expands by 8.1%
- Jun 01, 2022
Growth in Gross Domestic Product (GDP) slowed to 4.1 per cent in January-March 2022 period, while for the full year 2021-22, growth stood at 8.7 per...
New consultation paper on cryptocurrency will be out soon,...
- May 31, 2022
The Centre was planning a fresh consultation paper on cryptocurrency soon, though a law on the digital assets was likely to take more time, Secretary...
Govt allows duty-free imports of crude soybean, sunflower...
- May 25, 2022
The government on Tuesday exempted Customs Duty and Agriculture Infrastructure Development Cess on 20 lakh metric tonnes yearly import of crude...
Petrol, diesel prices drop as government slashes Excise...
- May 22, 2022
Under pressure, the government on Saturday cut Excise Duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief...
GST Council’s recommendations not binding on Centre,...
- May 20, 2022
The Supreme Court on Thursday ruled that the GST Council recommendations were not binding on the Centre and the States and were only persuasive in a...
Cabinet’s big push for green energy, 20% ethanol blending...
- May 19, 2022
The Union Cabinet on Wednesday approved advancing the target of blending 20 per cent ethanol in petrol by 5 years to 2025-26. It also allowed more...
WPI inflation – in double digits for past 13 months –...
- May 18, 2022
Wholesale Price Index (WPI)-based inflation spiked to a record high of 15.08 per cent in April on rising prices across segments from food to...
Wheat export ban aimed at checking price rise, curbing...
- May 15, 2022
There was no dramatic fall in wheat output this year, but unregulated exports had led to a rise in local prices said government officials, speaking...
Overheated food and fuel prices push up April CPI inflation...
- May 13, 2022
Driven by rising food and fuel prices, retail inflation soared to an eight-year high of 7.79 per cent in April this year. This may prompt the Reserve...
Economic activities show that FY23 has started off on a...
- May 09, 2022
FY23 has embarked on a high economic activity, with the PHDCCI Economy GPS Index surging to an all-time high of 145.5, supported by robust GST...
Private traders step up wheat purchases as export demand...
- May 04, 2022
The Centre’s wheat procurement declined by 44 per cent to 162 lakh tonnes till May 1 of the current Rabi marketing year on higher exports and low...
RBI raises Repo Rate, CRR to combat surging inflation,...
- May 04, 2022
RBI Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), in an off-cycle meeting...
“Not right to compare outstanding loan with value...
- May 01, 2022
Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao on Saturday said that comparing the outstanding loan amounts with the value realised...
Demand for oil set to peak in five years with uptick in...
- Apr 30, 2022
Oil demand could reach its peak in the next two to five years, McKinsey & Company’s Global Energy Perspective 2022 stated on Friday....
More than 45 crore – population of US and Russia combined...
- Apr 26, 2022
India’s job creation problem is morphing into a greater threat: A growing number of people are no longer even looking for work. Frustrated at...
Liquidity set to tighten over a few months amid rising...
- Apr 20, 2022
Financial conditions were going to tighten in the country over the next few months due to the likely increase in capital outflows, driven by rising...
Egypt gives nod for wheat import from India, set to buy 1...
- Apr 16, 2022
Commerce and Industry Minister Piyush Goyal on Friday said that Egypt, which is one of the largest importers of wheat from Ukraine and Russia, had...
CPI inflation for March shoots up by 6.95%, mainly...
- Apr 13, 2022
Consumer price-based inflation jumped to 6.95 per cent in March, mainly on account of costlier food items, according to government data released on...
Total tax collection at Rs 27.07 lakh crore in FY22 beats...
- Apr 09, 2022
India’s tax collections soared to a record high of Rs 27.07 lakh crore in the financial year ended March 31 as mop-up from income and other direct...
RBI keeps policy rates untouched, introduces SDF, assures...
- Apr 08, 2022
The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate, the Repo Rate – the rate at which the RBI lends to banks – unchanged...
Indian Railways clocks record freight loading of 1,418.1 mt...
- Apr 03, 2022
Indian Railways achieved its highest-ever freight loading in the financial year 2021-22, it said on Saturday. The national transporter loaded 1,418.1...
20 lakh cheques of about Rs 18,000 crore stuck at clearance...
- Mar 29, 2022
Bankng services were impacted partially for the second day on Tuesday as a section of bank employees came in support of the nationwide strike called...
Financial advisory firm asks investors to review portfolios...
- Mar 25, 2022
With global recession looking increasingly likely this year, investors should review their portfolios sooner rather than later to mitigate avoidable...
India reaches $400-billion export target in FY22 for the...
- Mar 24, 2022
India achieved its target of reaching $400 billion from exports in the current financial year on Wednesday – a first-of-its-kind record...
RBI chief assures of ample liquidity as central bank gears...
- Mar 22, 2022
The Reserve Bank of India (RBI) would ensure abundant liquidity in the market for the credit system to function normally, Governor Shaktikanta Das...
Japanese PM Fumio Kishida announces $42-billion investment...
- Mar 20, 2022
Japanese Prime Minister Fumio Kishida on Saturday announced a 5 trillion yen ($42 billion) investment in India over the next five years during a...
Russia-Ukraine war set to hamper Indian banks’ growth,...
- Mar 17, 2022
Indian banks might face some headwinds from the Russia-Ukraine crisis, which could lead to higher inflation and some stress for borrowers, S&P...
