Economy News

Govt Simplifies Payment Mechanism For Traders Importing Pulses From Myanmar

Govt Simplifies Payment Mechanism For Traders Importing Pulses From Myanmar

The ministry stated that the Indian Mission informed the secretary that starting from January 25 of this year, the Rupee/Kyat Settlement Mechanism has been put into operation.

Apr 13, 2024, 13:46 PM IST
India's Retail Inflation Hits 10-Month Low At 4.85% In March

India's Retail Inflation Hits 10-Month Low At 4.85% In March

March witnessed a decrease in food inflation to 8.52 per cent, down from 8.66 percent in February.

Apr 12, 2024, 20:21 PM IST
16th Finance Commission Announces Bumper Job Opening; Salary Upto Rs 1.75 Lakh Per Month --Check Details

16th Finance Commission Announces Bumper Job Opening; Salary Upto Rs 1.75 Lakh Per Month --Check Details

The consultants are classified into three categories/grades. Eligible candidates must possess Master's or MBA degree in or with Economics or Finance or similar subjects or ICWA or CA as their

Apr 12, 2024, 17:18 PM IST
India's UPI Transactions Way More Than US Digital Payments: S Jaishankar

India's UPI Transactions Way More Than US Digital Payments: S Jaishankar

The Reserve Bank of India (RBI) proposed enabling users to deposit cash in cash deposit machines (CDMs) through UPI.

Apr 11, 2024, 14:01 PM IST
ADB Raises India's GDP Growth Forecast For FY25 To 7% On Robust Investment, Consumer Demand

ADB Raises India's GDP Growth Forecast For FY25 To 7% On Robust Investment, Consumer Demand

The ADB's growth forecast for FY25 is in line with the projections made by the Reserve Bank of India (RBI).  

Apr 11, 2024, 10:13 AM IST
Govt Bonds Worth Rs 30,000 Crore To Come Up For Auction On April 12; Check Bidding Tminings

Govt Bonds Worth Rs 30,000 Crore To Come Up For Auction On April 12; Check Bidding Tminings

The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of these securities.

Apr 09, 2024, 08:52 AM IST
Govt Bonds Worth Rs 30,000 Crore To Come Up For Auction On April 12

Govt Bonds Worth Rs 30,000 Crore To Come Up For Auction On April 12

The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of these securities.

Apr 08, 2024, 19:58 PM IST
Chocolate Lovers Beware: Amul Eyes Price Hike Amid Cocoa Price Surge

Chocolate Lovers Beware: Amul Eyes Price Hike Amid Cocoa Price Surge

Amul in India is considering raising prices for its chocolate range by 10% to 20%.

Apr 08, 2024, 18:03 PM IST
Big Setback For States Providing Free Electricity? Power Minister Warns Of Debt Trap

Big Setback For States Providing Free Electricity? Power Minister Warns Of Debt Trap

However, states with already high debt are resorting to such populist measures. 

Apr 07, 2024, 14:37 PM IST
India's Food Processing Sector Poised To Reach USD 535 Billion By 2025-26

India's Food Processing Sector Poised To Reach USD 535 Billion By 2025-26

Praveen also addressed the pressing issue of food wastage, emphasising the need for comprehensive waste management strategies at every stage, from farm to fork. 

Apr 07, 2024, 12:39 PM IST
FPIs Withdraw Rs 325 Crore From Indian Equities So Far In April

FPIs Withdraw Rs 325 Crore From Indian Equities So Far In April

FPIs have made a net investment of Rs 1,215 crore in the debt market during the period under review.

Apr 07, 2024, 11:26 AM IST
Oil Prices Hit 6-Month High, Sparking Inflation Worries And Economic Uncertainty

Oil Prices Hit 6-Month High, Sparking Inflation Worries And Economic Uncertainty

The global standard, Brent crude, hasn't reached these levels since October, primarily due to increasing tensions in the volatile Middle East.

Apr 06, 2024, 14:38 PM IST
India's Reserve Bank Leads Surge In Gold Reserves Amid Global Central Bank Slowdown

India's Reserve Bank Leads Surge In Gold Reserves Amid Global Central Bank Slowdown

While India remains a significant player in the global gold market, other central banks also contributed to the accumulation in February.

Apr 06, 2024, 12:38 PM IST
Veg Thali Becomes Expensive In March, Non-Veg Cheaper: Check Rates

Veg Thali Becomes Expensive In March, Non-Veg Cheaper: Check Rates

The report disclosed that the price of a vegetable thali rose to Rs 27.3 per plate in March.

Apr 06, 2024, 12:35 PM IST
RBI Cancels Registration Of Four Non-Banking Financial Companies

RBI Cancels Registration Of Four Non-Banking Financial Companies

According to an RBI release, this penalty has been imposed in the exercise of powers vested in RBI under the Banking Regulation Act, of 1949.

Apr 05, 2024, 20:40 PM IST
India To Stop Importing Urea By 2025 End: Mansukh Mandaviya

India To Stop Importing Urea By 2025 End: Mansukh Mandaviya

The minister highlighted that the government has revived four closed urea plants and is reviving one another factory. 

Apr 05, 2024, 14:11 PM IST
RBI To Soon Launch App To Enable Retail Investors To Participate In Govt Bonds

RBI To Soon Launch App To Enable Retail Investors To Participate In Govt Bonds

RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with the RBI and invest in government securities.

Apr 05, 2024, 12:21 PM IST
RBI To Launch New NRI Scheme For Sovereign Green Bonds In IFSC

RBI To Launch New NRI Scheme For Sovereign Green Bonds In IFSC

RBI would launch a mobile app for accessing the Retail Direct portal to widen the reach of the RBI Retail Direct Scheme which was launched in November 2021. 

Apr 05, 2024, 12:19 PM IST
RBI Projects GDP Growth At 7% For 2024-25, Retail Inflation Seen At 4.5%

RBI Projects GDP Growth At 7% For 2024-25, Retail Inflation Seen At 4.5%

Announcing the outcome of the RBI Monetary Policy, RBI Governor Shaktikanta Das said, "Growth has continued to sustain its momentum, surpassing all projections.

Apr 05, 2024, 11:41 AM IST
RBI Maintains Status Quo For The 7th Time; Repo Rates Unchanged At 6.5%

RBI Maintains Status Quo For The 7th Time; Repo Rates Unchanged At 6.5%

A year is divided into six bimonthly reviews of the central bank's monetary policy. Additionally, there are out-of-cycle reviews, where the central bank holds extra sessions in urgent situations.

Apr 05, 2024, 10:06 AM IST