Economy News

US inflation hits 40-year high; here's how it will impact India [details]

Employers in the US have been rising compensation in response to labour shortages, and many have increased pricing to offset higher labour expenses, contributing to inflation.

Dec 11, 2021

RBI keeps lending rate unchanged at 4% as recovery remains prime focus

To push for a lasting economic recovery amid concerns over the Omicron variant of the coronavirus, the Reserve Bank of India on Wednesday retained its key lending rates intact during the pan-ultimate monetary policy review of FY22.

Dec 8, 2021

With transactions of 120 Cr every month, these J'khand women transform banking scene [details]

J'Khand women have transformed the banking scenario in the state. Working as Banking Correspondent Sakhi (BC Sakhi), these women are making transactions worth Rs.120 cr every month.

Dec 5, 2021

Gita Gopinath to replace Okamoto as IMF's First Dy MD

Gita Gopinath, the chief economist at International Monetary Fund is all set to succeed Okamoto as IMF's First Deputy Managing Director.

Dec 3, 2021

Delhi shows the way, cuts Rs. 8 per litre on petrol price

Delhi has taken the initiative to cut down the VAT on petrol by more than 10 percent to bring down the sky-rocketing petrol prices in the national capital. With the latest 19.4% VAT, the price should come down to approximately Rs.96 per litre of petrol.

Dec 1, 2021

No proposal to recognise Bitcoin as currency, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman stated that " No proposal to recognise Bitcoin as currency." Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Nov 30, 2021

Sensex, Nifty rise in early trade but remain flat amid Omicron concerns

On Tuesday,Sensex traded at 57,620 points, up 0.62 per cent.Till now it has touched a low of 57,252 points.It traded at 17,170 points, up 0.67 per cent during the early-morning trade session.

Nov 30, 2021

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India's Oct retail inflation increases amid high food and input prices

India's October retail inflation inched up on sequential basis on the back of a marginal rise in food prices along with high fuel and commodity prices.

Nov 13, 2021

Global cues, value buying lift indices; Sensex, Nifty regain 60K, 18K marks

India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- rebounded during Tuesday's mid-afternoon trade session as healthy buying was witnessed in realty sector.Value buying opportunities lifted India's key equity indices - S&P BSE Sensex and NSE Nifty50 - during Friday's early-morning trade session.

Nov 12, 2021

The Insurance Regulatory & Development Authority (IRDAI).

7,450 Sq Ft office in prime Mumbai for six officials; Who're those privileged regulators

Huge office in Mumbai for 10 office staff is not required, sources told IANS

Nov 8, 2021

K'taka govt's tax cut on petrol, diesel further slashes fuel prices; check revised prices [details]

Karnataka is the first state to reduce tax on petrol and diesel, claimed the release by the Chief Minister's office.

Nov 4, 2021

This is how much petrol, diesel will cost in your city after excise duty cut [read now]

Here are the tentative prices of petrol and diesel in your city after the excise duty cut on fuel across India.

Nov 3, 2021

"Make in India" for the world: Exports in October at all-time high of $35.4 billion [details]

The value of non-petroleum and non-gems and jewellery exports in October 2021 registered a positive growth of 27.54 per cent to $26.05 billion over non-petroleum and non-gems and jewellery exports of $20.43 billion in October 2020.

Nov 2, 2021

Auto fuel price rise continues unabated, petrol at Rs.115.84/ltr

Petrol prices in Mumbai's financial district have jumped to Rs 115.84 per litre, while diesel rates remain at Rs 106.63 per litre, the highest of all metros.

Nov 2, 2021

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GST clocks second highest ever collection, touches Rs 1,30,127 crore in October

In October, gross GST collection was Rs 1,30,127 crore, with CGST at Rs 23,861 crore, SGST at Rs 30,421 crore, IGST at Rs 67,361 crore (including Rs 32,998 crore collected on goods imports), and cess at Rs 8,484 crore (including Rs 699 crore collected on import of goods).

Nov 1, 2021

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