Nirmala Sitharaman to table Economic Survey 2024-25 on July 22
admin On the first day of the monsoon session of Parliament, on July 22, Union Finance Minister Nirmala Sitharaman…
Finance
Microsoft CrowdStrike outage: Only 10 banks and NBFCs had minor disruptions, says RBI
A logo of RBI inside its office in New Delhi. File | Photo Credit: Reuters Microsoft said on…
With recent discovery of oil deposits, Ivorian economy is diversifying into new realm of raw materials
Workers break cocoa pods at a farm in Sinfra, Ivory Coast. File | Photo Credit: Reuters The discovery…
What is the role of the Finance Commission? | Explained
For representative purposes. | Photo Credit: Getty Images The story so far: The sixteenth Finance Commission headed by…
Real estate sector pins hope on reforms, incentives
Issues such as liquidity constraints, complex regulatory frameworks, and the need for infrastructural upgrades remain at the forefront…
Finance Ministry eases procurement rules for scientific research equipment
The Union Ministry of Finance. File | Photo Credit: SHIV KUMAR PUSHPAKAR Ahead of the presentation of the…
Food price anxiety may recede with sowing upswing
In a development that could help cool rising prices of some food items in the coming months, there…
The problem with billionaire consumption
A decorated Rolls-Royce car carrying guests leaves Antilia, the house of Indian businessman Mukesh Ambani, on the day…
Farmers rush to plant summer crops as monsoon revives
A farmer prepares his land to take up paddy cultivation on the outskirts of Viayawada on July 15,…
Growth hat-trick for goods exports; but trade deficit up 9.4% in June
India’s merchandise exports have grown 2.55% in June to $35.2 billion. Image for representation purposes only. File |…
Union Budget 2024: Double standard deduction to ₹1 lakh keeping in mind rising expenses, inflation: KPMG
Image for representation purpose only. Doubling standard deduction to ₹1 lakh, increasing tax break on interest paid on…
Exports positive in April-June quarter despite global challenges: Goyal
Union Commerce and Industry Minister Piyush Goyal. | Photo Credit: ANI India’s exports have recorded healthy growth in…
Maruti Suzuki sees traction in subscription model
Car subscriptions are rising among transit professionals in tier one metros, says Partho Banerjee, Senior Executive Officer, Services,…
‘Chola making strides towards becoming a financial powerhouse’
Cholamandalam Investment and Finance Co. Ltd. (Chola) continues to make significant progress towards its long-term vision of becoming…
Direct tax mop-up rises 20% to ₹5.74 lakh cr on higher corporate advance tax
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Net direct tax collection grew 19.54% to…
Net tax receipts up 19.5%, corporate tax share at 36.6%
Personal income tax receipts constituted 60.2% of the net collections, while corporate taxes yielded 36.6% of net revenues.…
PM Modi should pay attention to basic economic issues of country, says Mallikarjun Kharge
Congress president Mallikarjun Kharge. File | Photo Credit: ANI Congress president Mallikarjun Kharge on July 12 said that…
AMFI seeks rethink on debt-oriented funds’ tax
Stressing that a deep and vibrant bond market is critical to spur private investments, India’s apex mutual fund…
RBI allows resident Indians to open Foreign Currency Accounts in IFSC, Gujarat
The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai.File…
On reducing tariffs for smartphone components | Explained
Employees work at the assembly line inside TMB’s mobile phone battery manufacturing plant in Noida, in 2018. |…
Khadi commission says sales reached ₹1.5 lakh crore in 2023-24
Representational image of khadi sarees on display in Chennai | Photo Credit: Akhila Easwaran Sales under the administrative…
Financial inclusion index rises with growth across all segments: RBI
The Reserve Bank of India. File | Photo Credit: Reuters The Reserve Bank’s FI-Index, capturing the extent of…
Centre questions Citigroup’s report on employment in India
FILE PHOTO: Job seekers line up for interviews at a job fair in Chinchwad, India. Image used for…
Govt. reopens PLI scheme for white goods till October 12
The Government has reopened the application window for the Production linked Incentive (PLI) scheme for white goods from…
Red flags over runaway silver imports from UAE through Gift City
A silver trader weighs his silver ornaments inside his shop in the western Indian city of Ahmedabad. Image…
New private investment plans slumped to 20-year low in Q1
Image used for representational purpose. | Photo Credit: Getty Images/ In an exceptionally slow start to private capex…
States’ GST kitty expected to rise 13%-14% this year: CRISIL
Money spinners: Sales tax collections from petro products, which constitute 7-8% of revenue, were projected to grow 3-4%.…
Can the uber-rich worldwide be taxed better? | Explained
As per a key finding of the Global Tax Evasion Report 2024, prepared by researchers at the EU…
FMCG sector to see 7-9% revenue growth this fiscal: CRISIL Ratings
The FMCG sector is expected to see a moderate revenue growth this fiscal, a new report said. File…
‘Food costs lift veg thali price 10%’
Kolkata: A vegetable vendor sorts onions as vegetable prices soar, in Kolkata, FrIday, July 5, 2024. (PTI Photo/Swapan…
‘Partnering with top Indian institutes on decarbonisation R&D’
Under its academic partnership, Open Innovation, Shell, the London-based oil and gas major says it has partnered with…
GST still far from simple: Arvind Subramanian
Former CEA Arvind Subramanian. File | Photo Credit: The Hindu Revenues from the seven-year old Goods and Services…
Personal loans disbursed via digital apps have the highest share of overdue accounts: Data
Until the mid-2010s, banks used to lend massive loans to big industries. When these businesses failed, their loans…
India faces high debt, but sustainable for now: NCAER Director General Poonam Gupta
At nearly 82% of GDP, India’s public debt is very high, but the country doesn’t face debt sustainability…
India’s services sector growth rises in June on robust increase in new business, exports: PMI
Image for representation | Photo Credit: Reuters India’s services sector growth quickened in June from May’s five-month low,…
India’s coal production rises 14% in June
The coal stock held by coal companies witnessed a surge by June 30, reaching 95.02 MT. File |…
Windfall tax on domestically produced crude oil hiked to ₹6,000 per tonne
The government has hiked windfall tax on domestically produced crude oil to ₹6,000 per tonne, from ₹3,250 per…
RBI appoints two new executive directors
The Reserve Bank of India. File | Photo Credit: REUTERS The Reserve Bank of India (RBI) on July…
Fiscal Deficit at 3% of target by May
FILE PHOTO: Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi,…
Increase in exports, improvement in CAD, manufacturing will help boost Indian economy, says Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal. File | Photo Credit: PTI We are very confident that…
Coal, electricity buoy core output in May 2024
With a double-digit rise in coal and electricity production offsetting contractions in three sectors, including cement and fertilisers.…
Panagariya seeks a home for Finance Commissions’ data
Sixteenth Finance Commission chairperson Arvind Panagariya on Sunday mooted a mechanism that brings together data generated by various…
RBI raises WMA limits of States/UTs by 28% to ₹60,118 crore
The RBI said Special Drawing Facility (SDF) availed by State Governments/ UTs will continue to be linked to…
Need to eliminate biases in algorithms as AI on the rise: RBI Governor Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI RBI Governor Shaktikanta Das on Friday…
‘Persistent heat may singe RBI’s inflation hopes’
The persistent heat wave in some States that are also major producers of tomato, onion and potato (or…
‘Global conclave to boost recycled plastics to be held in Delhi’
Projecting that the plastic recycling industry would grow to $6.9 billion by 2033, the All India Plastic Manufacturers’…
16 Nobel Prize-winning economists say Trump policies will fuel inflation
Code red: The economic agenda of U.S. President Joe Biden, is ‘vastly superior’ to Mr. Trump’s, the economists…
Why the GST Council recommended biometric-based Aadhaar authentication for new registrations: Explained
New Delhi: Union Finance Minister Nirmala Sitharaman chairs the 53rd GST Council meeting, in New Delhi, Saturday, June…
Government thinks of the RBI as a part of itself: Subbarao
India needs to strengthen the rule of law to compete with the developed world, protect the independence of…
Budget 2024-25: India Inc seeks tax relief for middle class, MSMEs
Income tax relief for the middle class to boost consumption, a rethink of the mandatory 45-day payment deadline…
India records 0.6% current account surplus in March quarter on higher service exports, remittances
India recorded a current account surplus of $5.7 billion or 0.6% of GDP in the March quarter, the…
‘Monsoon pause delays sowing, spikes food prices’
The stalled monsoon has delayed Kharif crop sowing and the persistent heat wave in parts of India is…
Global textile industry concerned about continuing weak demand
A woman inspects garments at a knitwear export unit in Tiruppur. File | Photo Credit: S. Siva Saravanan…
States seek improvements in 50-year interest-free loan scheme
Union Finance Minister Nirmala Sitharaman. | Photo Credit: PTI States have urged the Centre to make some improvements…
Railway services, hostel stay exempted from GST
Union Finance Minister Nirmala Sitharaman chairs the 53rd GST Council meeting in New Delhi on June 22, 2024.…
Bihar demands additional assistance, airs grievances of pending dues in pre-Budget meeting
Bihar Deputy Chief Minister Samrat Choudhary greets Union Finance Minister Nirmala Sitharaman at the pre-Budget meeting in New…
Union Finance Minister Nirmala Sitharaman chairs pre-budget meeting with State Finance Ministers
Union Finance Minister Nirmala Sitharaman chairs the pre-Budget meeting with Finance Ministers of all States and Union Territories…
Centre imposes stock limits on tur, chana dal to curb hoardings
Image used for representative purpose only. | Photo Credit: Levin Raju The government on June 21 imposed stock…
India business activity grew faster in June, job creation at 18-year high, PMI shows
Image used for representational purpose. | Photo Credit: Reuters Business activity in India expanded at a faster clip…
IBBI proposes amendments to insolvency rules; seeks public comments
The Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to the Insolvency Resolution Process for Corporate…
Despite sanctions, Russia still gets hands on Western goods
A Kansas businessman shipped banned avionics equipment to Russia through Armenia, the UAE and other third countries. A…
Zayed International Airport will complement growing UAE traffic demand from India: CEO Elena Sorlini
Elena Sorlini, MD & CEO, Abu Dhabi Airports says, passengers can experience ‘a piece of art and a…
Net direct tax kitty rose 21% by June 17
Direct tax collections are off to a brisk start in the first quarter of this year, with net…
Fitch raises India’s growth estimates for FY25 to 7.2%
The latest Fitch Ratings has cited a recovery in consumer spending and increased investment. File photo | Photo…
Indian firms’ Q1 revenue growth likely to slow: ICRA
Image used for represenattive purpose only | Photo Credit: Getty Images Revenue growth for Indian companies on a…
What is next for the Indian economy? | Explained
In its latest monetary policy review earlier this month, the Reserve Bank of India (RBI) has projected a…
NSSO survey finds COVID-19’s second wave hit informal economy hard
India’s large informal non-agricultural sector was badly hit by the second wave of the COVID-19 pandemic, but has…
India’s goods exports up 9.1% to $38.13 billion in May, but merchandise trade deficit jumps to $23.78 billion
The textile sector grew 9.8% in May, after months of sluggishness. File | Photo Credit: M. Periasamy India’s…
Mumbai, Delhi luxury real estate among top 5 globally: Knight Frank
In the last 12 months, Mumbai witnessed a 11.5% rise in luxury real estate prices, reaching the third…
GST Council to meet on June 22: What will be the agenda?
Bharatiya Janata Party (BJP) leader Nirmala Sitharaman arrives to assume charge as the Union Finance Minister, at the…
Rural inflation still over 5%; food inflation nears 9% in urban India
With prices rising 17.14% in May, pulses have now completed a year of over 10% inflation. File |…
U.S. Federal Reserve likely to scale back plans for rate cuts because of persistent inflation
Representational image of the seal of the Board of Governors of the United States Federal Reserve System |…
Passenger vehicle retail sales dip 1% in May as excessive heat, elections impacted demand: FADA
Passenger vehicle registrations dipped to 3,03,358 units last month, compared with 3,35,123 units in May 2023. File |…
‘Third-rate PR’: Congress on government authorising release of tax devolution to states for June
File picture of Congress leader Jairam Ramesh | Photo Credit: ANI The Congress slammed the Centre on Monday…
Centre decides to release additional installment of the tax devolution share of States
The Centre on June 10 decided to release an additional installment of the tax devolution share of States…
NDA govt must tackle unemployment problem, especially in the unorganised sector: Rajiv Kumar
Former NITI Aayog Vice Chairman Rajiv Kumar. File | Photo Credit: BIJOY GHOSH Prime Minister Narendra Modi led-NDA…
April core sector output rises 6.2% as electricity, steel buoy
File image used for representational purposes only. | Photo Credit: The Hindu Eight key infrastructure sectors’ growth rose…
Instant flour mixes for dosa, idli, khaman cannot be classified as sattu; to attract 18% GST
Idly/Dosa Batter. | Photo Credit: Bijoy Ghosh Instant mixes, including idli, dosa and khaman flour, cannot be classified…
Fiscal deficit in FY24 improves to 5.6% on better tax mop-up
The Central government’s fiscal deficit during 2023-24 at 5.6% of the GDP was better than previous estimates of…
Job creation is key for advancement of the country, says Rolls-Royce India president
Kishore Jayaraman, president of Rolls-Royce, India and South Asia, spoke at a session on “Smart Manufacturing” organised by…
S&P to watch government policies for next 2 years before taking call on India’s rating upgrade
The S&P Global logo is displayed on its offices in the financial district in New York City, U.S.…
RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row
RBI Governor Shaktikanta Das on June 7, 2024, said the Monetary Policy Committee has decided to keep the…
Food price rise likely to have escalated in May
Photo used for representation purpose only. | Photo Credit: Sushil Kumar Verma India’s food inflation may have hardened…
Does inequality lead to growth? | Explained
For representative purposes. | Photo Credit: iStockphoto Rahul Gandhi’s statements regarding redistribution — and the polarising rebuttal of…
Heatwave and poll effects drag factory output, new orders to 3-month low in May
Image used for representational purpose. | Photo Credit: Reuters India’s factory activity levels dropped to a three-month low…
Indian power plants keep up with the demand despite heatwave
The grid met a record peak load of 250 million kilowatts on May 30, which shattered the previous…
Netherlands emerges as India’s 3rd largest export destination in 2023-24
Image for representation. | Photo Credit: The Hindu The Netherlands has emerged as India’s third largest export destination…
Election Results 2024 financial markets were given artificial booster dose by exit polls
Congress leader Jairam Ramesh | Photo Credit: PTI As financial markets went for a tumble on June 4…
SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore
State Bank of India (SBI)‘s market capitalisation crossed the ₹8 lakh crore mark on June 3. File |…
Possible Modi third term said to likely see focus on economic reforms
Indian Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this…
ATF price cut 6.5%, commercial LPG by ₹69
Image used for representative purpose only. File | Photo Credit: P.V. Sivakumar Jet fuel or ATF price on…
India receives highest FDI from Singapore in 2023-24; Mauritius second biggest investor: Government data
India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into…
GST collection rises 10% to ₹1.73 lakh crore in May
The country’s gross GST collections rose to ₹1.73 lakh crore in May, growing 10% year on year driven…
Windfall tax on crude petroleum cut to ₹5,200/tonne
The new rates of windfall tax on domestically-produced crude oil are effective from June 1. File | Photo…
China factory activity dips as property pain persists
Workers labor in a factory of automotive aluminium wheel hubs in Binzhou city in east China’s Shandong province…
Modi government turned around banking sector by enforcing reforms and improving governance, says FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: GIRI KVS Finance Minister Nirmala Sitharaman on May 31…
Global AI Chips revenue will grow 33% in 2024: Gartner
Revenue from artificial intelligence (AI) semiconductors globally is expected to total $71 billion in 2024, a rise of…
RBI annual report 2023-2024: MSPs for kharif and rabi crops ensured minimum return of 50% over cost of production
Image for representation purpose only. | Photo Credit: K.R. Deepak The Minimum Support rices (MSPs) for both kharif…
World unemployment to fall slightly in 2024: UN
The report found that 183 million people meet the definition of unemployed. File. | Photo Credit: Thulasi Kakkat…
New private investments dropped over 15% in 2023-24; States led capex growth
Manufacturing’s share in new investments, declined from almost 54% in 2022-23 to 33.8% of the ₹35.22 lakh crore…
Indian economy projected to grow 6.5% in 2024: UNCTAD
UN Trade and Development (UNCTAD) in its report released on Tuesday said that India grew by 6.7% in…
Climate change could cut global income by 19% in 25 years, finds study
Image of people watching a sunset for representation | Photo Credit: AP The global economy is expected to…
Private equity, venture capital investments soften to $39 billion: Bain & Company
Image used for representative purpose only. | Photo Credit: REUTERS Mirroring the global trend, Indian private equity and…
What is the current status with respect to spice exports? | Explained
A woman buys packets of MDH and Everest spices at a store in Amritsar on May 21. |…
Rising debt strains household savings
The bone of contention in the recent debate has been the drastic fall in household net financial savings…
India in trade deficit with nine of top 10 trading partners in 2023-24
Image used for representative purpose only. | Photo Credit: PTI India has recorded a trade deficit, the difference…
Room for optimism: review of Akshat Rathi’s Climate Capitalism
Solar panels in the Pavagada Solar Park, Karnataka. | Photo Credit: Getty Images Modern economic growth and rising…
China’s Q1 fiscal revenue falls as tax cut policies weigh
The world’s second-biggest economy grew faster than expected in the first quarter. File | Photo Credit: Reuters China’s…
Central Europe’s rate-setters have pause for thought
A logo of the National Bank of Poland NBP (Polish Central Bank) is seen on their building in…
RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24
The Reserve Bank of India approved a ₹2.11 lakh crore dividend payout to the central government for 2023-24.…
Unsold homes in Delhi-NCR drop 57% in last 6 years to 86,420 units at March-end: Anarock
Image for representation. | Photo Credit: Getty Images The unsold housing stock in Delhi-NCR has declined 57% in…
‘Gains from critical minerals drive unlikely before 2031’
India fully depends on imports of critical minerals to meet its green transition requirements. Representational | Photo Credit:…
Karur Vysya Bank to open 100 new branches in FY25: MD & CEO
Karur Vysya Bank MD and CEO B. Ramesh Babu said the bank had opened 39 branches during the…
Government cuts windfall tax on crude petroleum
The government has cut windfall tax on domestically produced crude oil to ₹8,400 per tonne from ₹9,600 per…
Joe Biden sharply hikes U.S. tariffs on Chinese chips, cars to woo voters in election year
U.S. President Joe Biden | Photo Credit: Reuters U.S. President Joe Biden on Tuesday unveiled a bundle of…
RBI’s proposed framework to administer project financing | Explained
The story so far: To strengthen the existing regulatory framework for long gestation period financing for projects such…
India-China consumption comparison – The Hindu
In 2023, India surpassed China to become the world’s most populous country. The development came against the backdrop…
Pakistan to privatise all state-owned firms, except strategic enterprises: PM Sharif
Pakistan’s Prime Minister Shehbaz Sharif. File | Photo Credit: Reuters Cash-strapped Pakistan will privatise all state-owned enterprises, including…
Recovering euro keeps dollar ‘gorilla’ from scuppering ECB rate outlook
European Central Bank (ECB) headquarters in Frankfurt, Germany. File | Photo Credit: Reuters The euro has resisted falling…
Why is RBI keeping an eye on gold loans? | Explained
Illustration for The Hiindu The story so far: The Reserve Bank of India (RBI) earlier this month asked…
April 2024 trade gap hits $19 billion as imports outpace exports
Representational image of an onion farmer with his produce in Beed, Maharashtra. There has been frequent imposition and…
Chinese lenders discontinue high yield deposit products to cut costs
Eye on margins: China has instructed commercial banks to stop offering interest rates above deposit-rate ceilings. File |…
India’s 2024 economic growth projection revised upwards by U.N. to nearly 7%
The 6.9% economic growth projections for India in the mid-year update is an upward revision from the 6.2%…
Indian manufacturing needs more sophistication: Finance Minister
Union Finance Minister Nirmala Sitharaman attends the Confederation of Indian Industry (CII) Annual Business Summit 2024, in New…
Goods exports may rebound over 14% in FY25, need more bank credit: FIEO
Image for representation purpose only. File | Photo Credit: K.K. Mustafah India’s goods exports could rebound to hit…
Argentina reports its first single-digit inflation in six months
President of Argentina, Javier Milei. File Argentina’s monthly inflation rate eased sharply to a single-digit rate in April…
Ahead of U.K. FTA, India agrees with Australia to share key import data
In a bid to accelerate bilateral talks for a comprehensive free trade deal, India and Australia have agreed…
China’s property ‘whitelist’ lifeline stutters amid sector gloom
Cautious approach: Banks are reluctant to lend to housing projects fearing more bad loans. File | Photo Credit:…
Mutual fund assets swell by 145% from 2020 in the northeast
Meghalaya accounted for 9% of the total AAUM at ₹3,623 crore in March 2024, clocking a 111% growth…
Wholesale inflation hit a 13-month high in April
April marks the sixth successive month that the Wholesale Price Index has risen on a year-on-year basis. Representational…
Food inflation scaled 4-month peak of 8.7% in April
Food inflation surged to a four-month high of 8.7% in April from 8.52% in March. Representational file image.…
Satire | Whose wealth is it? Clearing the air on the redistribution debate
‘Over the past decade, India has witnessed healthy redistribution of the good kind — from the poor and…
Industrial output slows to 4.9% in March
Electricity generation rose 8.6% in march 2024 from a 1.6% contraction in March 2023. File | Photo Credit:…
FPIs withdraw ₹17,000 crore from equities in May on political uncertainty amid general election
Image used for representational purpose only. | Photo Credit: The Hindu Foreign investors pulled out a massive ₹17,000…
India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties
Image of diplomats shaking hands for representation only | Photo Credit: SANDEEP SAXENA India and Nigeria have identified…
Cost of meals rose by 71% in five years, salaries by just 37%: Data
The average cost of a home-cooked vegetarian thali in Maharashtra increased by 71% in the last five years.…
BPCL mulls investing ₹1.7 lakh cr. in core, new energy units
Bharat Petroleum Corporation Ltd. (BPCL) plans to invest ₹1.7 lakh crore over the next five years in its…
April services activity eased, but orders, output record robust rise
Image for representation only | Photo Credit: Businessline The uptick in India’s Services sector moderated in April, as…
The socio-ecological effects of LPG price hikes
A worker unloads LPG cylinders from a truck. | Photo Credit: PTI The story so far: Data from…
World Migration Report 2024: India received $111 billion in remittances in 2022
Image for representational purposes only. According to the United Nations’ latest World Migration Report, India was the highest…
Middlemen can actually help lower dal prices
Photo used for representation purpose only. | Photo Credit: Sushil Kumar Verma The government has blamed greedy middlemen…
India received over $111 billion in remittances in 2022, first country to ever reach that figure: U.N.
India received over $111 billion in remittances in 2022, the largest in the world, becoming the first country…
GST has helped people with a pro-poor approach, says Nirmala Sitharaman
File photo of Union Finance Minister Nirmala Sitahraman. | Photo Credit: ANI The Goods and Services Tax (GST)…
Justice (Retd) Sanjay Kumar Mishra sworn in as first GST Tribunal President
Union Finance Minister Nirmala Sitharaman administers oath of integrity and sincerity to the GST Tribunal President Justice (Retd)…
India Ratings raises FY25 GDP growth forecast to 7.1% from 6.5%
Skewed consumption demand and global headwinds affecting exports, identified as constraints to growth India Ratings and Research on…
India has ‘unexplored’ opportunities: Warren Buffett
Chairman Warren Buffett, left, at the Berkshire Hathaway Inc. annual shareholders’ meeting in Omaha, Nebraska, U.S., on May…
FPIs take cautious approach amid ongoing general elections; inject ₹1,156 crore in May
Foreign investors have adopted a “wait and watch” stance amidst the ongoing general elections and have infused just…
Election Commission nod taken before lifting ban on onion exports: Govt sources
The decision to lift the ban on exports of onion was on the recommendation of the Department of…
World food price index up for second month in April, says U.N. agency
FAO reports says prices of food remained elevated for second month. File | Photo Credit: SUSHIL KUMAR VERMA…
Adani Green Q4 net declines 39% due to rising expenses
Adani Green Energy Ltd (AGEL) on Friday posted a 38.85% decline in consolidated net profit to ₹310 crore…
Record breaking Q2 growth in India: Apple
Apple witnessed significant growth in India and the country remains a “major focus” said Apple Inc CEO Tim…
RBI survey shows why livelihood issues are in focus in 2024 polls
Issues such as inflation, unemployment, and falling income levels are major election issues this time. | Photo Credit:…
India’s venture capital market is upbeat this year: TVS Capital
Outlook for India’s private equity and venture capital market appears positive this year, compared with last year, as…
India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years
Bolstered by current and anticipated upticks in demand, manufacturers reported higher confidence levels with expectations of higher output…
Petrol sales up 12.3%; diesel slides 2.3% in April 2024
Petrol sales of three state-owned firms, which control 90% of the fuel market, rose to 2.97 million tonnes…
In fresh high, gross GST revenues shoot past ₹2.1 lakh crore in April
Revenues from domestic transactions grew 13.4%, the Finance Ministry said, while goods imports yielded an 8.3% uptick in…
IOC shares decline more than 4% as Q4 net halves
Shares of Indian Oil Corporation (IOC) on Tuesday declined over 4% after the company reported a halving of…
Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern
Share of personal income tax and indirect tax shows increase Over the last week, during the election campaign,…
‘India can lead on sustainability initiatives for entire Asia-Pacific’
Paul Marriott, President, SAP Asia-Pacific and Japan. | Photo Credit: Special arrangement India is uniquely positioned to lead…
U.S. consumers on lower incomes face loan stress while banks pull back
U.S. borrowers on lower incomes are increasingly struggling to keep up with their loan payments, according to recent…
After nod for Gujarat onion exports, Centre seeks to soothe Maharashtra farmers
File photo of workers at Vinchur onion market during farmers and traders’ strike against the central government’s decision…
China’s share in India’s industrial goods imports jump to 30% from 21% in last 15 years: GTRI
With increasing India’s dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing’s share in New Delhi’s…
Centre allows 99.5k tons of onion exports to 6 neighbouring nations
On December 8, 2023, the government put a domestic ban on the export of onions. | Photo Credit:…
Cuba’s cash crunch leads to long lines and growing frustration
People stand in line outside a bank hoping to withdraw Cuban pesos from an ATM, in Havana, Cuba.…
Pakistan hopes to get new IMF loan by early July: Finance Minister
File picture of Pakistan Finance Minister Muhammad Aurangzeb | Photo Credit: Reuters Pakistan is hoping to reach a…
Resilient economy, price stability to support India’s promising growth story: FinMin report
Representational view of a busy market in Hubballi, Karnataka. India continues to be the fastest-growing major economy |…
Pre-poll sop? 2,000 tonnes of white onion exports allowed
Farmers arrive with fresh stock of white onion at a market in Mahuva, Gujarat. File | Photo Credit:…
RBI MPC member Ashima Goyal: As India develops, problem of high food inflation will get less severe
The problem of high food inflation will be “less severe” in India going ahead, as modern supply chains…
Congress says will move Supreme Court if EC does not act on complaint against Modi
A file photo of senior Congress leader Jairam Ramesh. | Photo Credit: Shiv Kumar Pushpakar The Congress on…
Flash PMI data: Combined manufacturing, services output rose at the fastest pace in nearly 14 years
The Manufacturing sector Flash PMI stood at 59.1 in April, unchanged from March’s final reading for the index.…
Extreme weather may pose risk to inflation, says RBI Bulletin
Representational file image. | Photo Credit: B. Jothi Ramalingam Extreme weather conditions may pose a risk to inflation,…
India needs inclusive economic growth, Only INDIA bloc can this: Congress on Modi’s ‘redistribution of wealth’ remark
A file photo of senior Congress leader Jairam Ramesh | Photo Credit: SHIV KUMAR PUSHPAKAR Stepping up its…
India must invest more in education, health to capitalise on demographic dividend: IMF
International Monetary Frund Director of the Asia and Pacific Department Krishna Srinivasan holds a press briefing at IMF…
Net direct tax collections exceed 2023-24 target
Photo illustration purpose only. | Photo Credit: The Hindu India’s net direct tax collections grew 17.7% in 2023-24…
On the fall in household savings
The fall in household savings has been at the heart of recent debates in India. The decline in…
What is the outlook on the global economy? | Explained
The story so far: The International Monetary Fund (IMF) released the latest global financial stability report on Tuesday…
NSE to launch derivatives on Nifty Next 50 index from April 24
National Stock Exchange. File. | Photo Credit: REUTERS The National Stock Exchange (NSE) on Thursday said it will…
Debt, fiscal challenges facing low-income countries worry IMF
IMF Managing Director Kristalina Georgieva speaks during a press briefing at the International Monetary and Financial Committee (IMFC)…
‘Conditions not yet in place for any let-up in restrictive monetary stance’
Price stability has to be restored in order to ensure that the rising growth trajectory in the economy…
Room for optimism: review of Akshay Rathi’s Climate Capitalism
Solar panels in the Pavagada Solar Park, Karnataka. | Photo Credit: Getty Images Modern economic growth and rising…
Why have private investments dropped? | Explained
For representative purposes | Photo Credit: Getty Images The story so far: The failure of private investment, as…
Election-bound Tamil Nadu among top States in many socio-economic measures: Data
A poll official works on Electronic Voting Machines (EVMs) at a distribution centre in Coimbatore on April 11,…
India’s power consumption rises nearly 10% to 70.66 billion units in first half of April
Image used for representative purpose only. | Photo Credit: RAJESH N India’s power consumption grew nearly 10% year-on-year…
Congress’ economic agenda seeks to derail India’s economic growth trajectory: Milind Deora
A file photo of Shiv Sena leader Milind Deora. | Photo Credit: EMMANUAL YOGINI Shiv Sena’s Rajya Sabha…
Govt rules out permitting sugar exports this season
The country’s sugar production crossed 30 million tonne till March of the ongoing 2023-24 season. File. | Photo…
TEPA’s IP encroachment: A new barrier to indigenous innovation
Representational image of a patent application | Photo Credit: Getty Images India’s free trade agreement (FTA) with Switzerland,…
Wholesale price inflation rises to three-month high of 0.53% in March
Photo used for representation purpose only. A surge in cereal prices at a 12-month high enabled wholesale price…
CSDS-Lokniti pre-poll survey | In search of a dignified economic life
People find it hard to get economically sustainable occupations in big cities, small towns, and even in rural…
CSDS-Lokniti 2024 pre-poll survey: Issues that are likely to dominate the Lok Sabha election
Job seekers at attend Aspire 2024 jointly organised by District Employment office and Vocational Higher Secondary Department at…
CSDS-Lokniti pre-poll survey | Economy takes front seat in 2024 campaign
Irrespective of macro-economic indicators used to prove the point that the economy is doing well, voters are worried…
lokniti-csds 2024 pre-poll survey reveals key issues in 2024 lok sabha elections
People hold posters as they stage a protest against unemployment and various other demands, in Dehradun. | Photo…
India’s GDP to grow 6.1% in 2024: Moody’s Analytics
Moody’s corporate headquarters in New York. File | Photo Credit: Reuters Moody’s Analytics on April 12 projected India’s…
Inflation drops to 10-month low in March 2024, but no relief on food bills yet
A similar easing was recorded in pulses, whose prices rose 17.7% in March, 2024, from 18.5% in February.…
ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year
Photo used for representation purpose only. | Photo Credit: Reuters India’s economy is expected to remain robust over…
ADB raises India’s GDP growth forecast for FY25 to 7% on robust investment, consumer demand
The ADB’s growth forecast for India for FY25 is in line with the projections made by the Reserve…
Global aviation struggles with lack of planes as summer travel set to hit record levels; leasing market booms in the U.S.
Representational file image. | Photo Credit: AP The global airline industry is facing a summer squeeze, with travel…
Electoral bonds worth 103 crores : 20 firms bought electoral bonds within 3 years of incorporation, despite 3-year rule
Twelve of the 20 new companies which bought electoral bonds were from Hyderabad. | Photo Credit: Akash Dhage/Unsplash…
Households’ debt surged to fresh high by December 2023: report
The report ascribed the dismal 2022-23 net financial savings numbers to weak income growth, coupled with robust consumption…
Governor Das for greater participation of banks in rupee derivatives in India, abroad
RBI Governor Shaktikanta Das. | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on April 8 stressed the…
For MSMEs, GST is a concern that parties must address this election season
In the MSME clusters in Coimbatore in Tamil Nadu and Ludhiana in Punjab, industrial associations have submitted their…