Author: Economy

Representative image Bank credit rose by 6.63 percent to Rs 107.75 lakh crore and deposits grew by 12.06 percent to Rs 149.34 lakh crore in the fortnight ended February 26, according to RBI data. In the fortnight ended February 28, 2020, bank credit stood at Rs 101.05 lakh crore and deposits at Rs 133.26 lakh […]

A labourer carries a sack filled with pulses at a wholesale pulses market in Kolkata (Representative Image) The Wholesale Price Index (WPI) numbers for February 2021 has been released by the Ministry of Commerce and Industry. WPI inflation for the month is at 4.17 percent compared to 2.26 percent for the corresponding period in January […]

Source: Reuters A rise in retail inflation and a drop in industrial production have fanned worries that while prices are rising, growth is losing momentum. The Consumer Price Index (CPI) inflation in February climbed to 5.03 percent from January’s 4.1 percent, while the Index of Industrial Production (IIP) contracted by 1.6 percent in January after going […]

Q16. It is a blockchain-based cryptocurrency that works in a similar way to Ethereum and bitcoin. It is a peer-to-peer internet currency that allows for instant, near-zero cost payments to anyone in the world. It’s a decentralised payment network that isn’t managed by any central authorities. What is it known as? India will propose a […]

Leading AC manufacturers are betting on high double-digit growth this year even as they are firming up plans to increase prices of residential air conditioners by 5 to 8 per cent before the crucial summer season starts. Leading players such as – Voltas, Daikin, LG, Panasonic, Haier, Blue Star and Samsung – are expecting a […]

Rahul Gandhi and his Congress party have been attacking the government over high fuel prices, alleging that it has collected over Rs 21 lakh crore by way of taxes on petroleum products ever since coming to power in 2014. PTI March 14, 2021 / 01:39 PM IST “When there has been such a massive lapse […]

Representative image As the economy slowly comes out of the pandemic blues, former RBI Governor Raghuram Rajan on Sunday cautioned that “drastic changes” in India”s monetary policy framework can upset the bond market as the current system has helped in containing inflation and promoting growth. Rajan, also a noted economist, opined that the government”s ambitious […]

Currently, in the International Monetary Fund table, China has the largest reserves, followed by Japan and Switzerland. Representative Image. The foreign exchange reserves of India surpassed Russia’s and became the world’s fourth largest, reported Bloomberg. The foreign exchange reserves of both India and Russia have declined after months of rapid increase. However, India pulled ahead as […]

Gadkari, who holds MSME portfolio along with road transport, said by making solar energy available, “we will create big market for electric vehicles”. PTI March 13, 2021 / 03:38 PM IST Nitin Gadkari The government is committed to promote renewable energy resources in the country, especially in the micro, small and medium enterprises (MSMEs) sector, […]

“India is already looking at ”V-shaped” recovery. Along with the green shoots in various sectors, in the month of February, FPI inflows were Rs 25,787 crore,” Thakur said at a virtual conclave organised by the Institute of Actuaries of India. PTI March 13, 2021 / 01:13 PM IST There are green shoots visible in various […]

Bengaluru ranked first on government’s Ease of Living (EOL) Index 2020. The center of India’s high-tech industry, the city emerged as the top performer on ease of living parameters among the cities with population more than a million. The EOL Index, prepared by the ministry of housing and urban affairs, evaluates the well-being of citizens […]

Montek Singh Ahluwalia was speaking at a webinar on “improving India”s competitiveness for inclusive economic growth” by CUTS International PTI March 11, 2021 / 10:30 AM IST Montek Singh Ahluwalia speaks during a national conference with ministers of environment and forests in New Delhi August 18, 2009. (REUTERS/B Mathur) Bringing down import tariffs by at […]

Economy The Indian economy may revive and retake its place as the fastest growing one in 2021, says the forecast released by the Organisation for Economic Cooperation and Development (OECD) on March 9. India’s gross domestic product (GDP) is projected to jump by 12.6 percent during FY21-22, CNN reported. This is especially significant as India […]

Krishnamurthy Subramanian’s views echo that of RBI Governor Shaktikanta Das. In July 2020, Das had said a big push for mega infrastructure projects could reignite the economy, but banks saddled with infra-related NPAs, may not be best placed to finance these projects. The government’s bid to revive the post-COVID Indian economy through massive infrastructure and […]

(Image: Facebook) The OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge US stimulus programme have greatly improved economic prospects. The Paris-based Organisation for Economic Co-operation and Development says it now expects the global economy to grow by 5.6 percent, an increase of 1.4 percentage points […]

Delhi’s economic survey was released a day before Deputy Chief Minister Manish Sisodia, who also handles the finance portfolio, unveiled a Rs 69,000-crore Budget for the national capital for 2021-22. File image of an empty street in Delhi during the nationwide lockdown implemented to curb the spread of COVID-19 in India. The shrinking of Delhi’s […]

PM Narendra Modi with FM Nirmala Sitharaman (Image: PTI) After years of false starts — the latest due to the Covid-19 pandemic in 2020, the Narendra Modi government has made privatisation and asset monetisation cornerstones of its economic agenda. The government’s plans for privatisation, which include marquee names Air India and Bharat Petroleum, are well […]

Representative image: Reuters Reversing the two-month buying streak, foreign portfolio investors (FPIs) pulled out Rs 5,156 crore from Indian markets in the first week of March amid profit booking and rising bond yields in the US. According to FPI statistics available with depositories, overseas investors pulled out a net Rs 881 crore from equities and […]

As thousands of farmers lay siege to Delhi borders for over 100 days demanding the repeal of three contentious farm laws, those staying back in Western Uttar Pradesh have to endure a different kind of long wait — at times for multiple days just to get weighed quintals of sugarcane lying in tractor-trollies on their […]