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The decline in the inflation rate in June is primarily due to a fall in prices of mineral oils, food products | Photo Credit: Reuters India’s wholesale prices remained in deflationary territory for the third successive month in June, with the pace of price contraction from a year ago quickening to -4.12% from -3.48% in…
“The private sector lost steam and the manufacturing sector, which dominated fresh capex plans in recent quarters, saw a drop in terms of project numbers as well as investments proposed” File | Photo Credit: Reuters Private investors turned cautious in the first quarter of 2023-24, with fresh manufacturing investment plans shrinking 17.5% year-on-year and overall…
Read More “Private sector share in investment sees sharp decline in Q1” »
Union Minister for Housing and Urban Affairs Hardeep Singh Puri addresses at the National Urban Planning Conclave on Creating Sustainable Cities, at Vigyan Bhawan, in New Delhi on Thursday. | Photo Credit: ANI The Union government on Thursday said that the country’s rapid urbanisation presented an economic opportunity and implementing urban planning reforms were key…
Read More “India’s rapid urbanisation presents an economic opportunity: Hardeep Puri” »
India’s trade with China has declined in the first half of 2023 after more than two years of record growth. Image used for representation purpose only. File | Photo Credit: K.K. Mustafah India’s trade with China declined in the first half of 2023 after more than two years of record growth, part of a broader…
Read More “India’s H1 trade with China declines amid slowdown” »
“There is work ongoing with a number of economies, including the U.K., on intellectual property (IP) rights and modernisation in an effort to improve Indian protocols,” Union Minister of Commerce and Industry Piyush Goyal has said. Responding to questions from a gathering of Indian-origin chartered accountants (CAs) from the U.K. Chapter of the Institute of…
Read More “We are working with U.K. on intellectual property rights, modernisation: Piyush Goyal” »
Infrastructure and construction goods’ output continued to drive up the Index of Industrial Production (IIP), rising 14% in May. | Photo Credit: Emmanual Yogini India’s industrial output picked up some pace in May to grow at a three-month high rate of 5.2% compared to 4.46% in April, with electricity generation growing 0.9% after two months…
Vegetables on sale at Azadpur Mandi in New Delhi on July 12, 2023. | Photo Credit: PTI India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs…
Read More “June 2023 inflation quickens to 4.8% as food prices climb” »
Southern and western regions contribute 56% to 58% of tomato production. File | Photo Credit: The Hindu After tomato prices rocketed to ₹200 per kg in some cities, the Centre decided on Wednesday to use its agencies to procure stocks from Andhra Pradesh, Karnataka and Maharashtra and sell them at a discount in the areas…
Farmers harvesting potatoes of the Atlanta variety in contract farming arrangement with PepsiCo India limited at Abhirampur village in Hooghly District. | Photo Credit: Sushanta Patronobish The story so far: On July 5, the Delhi High Court held that there was “no merit” in the appeal filed by PepsiCo over the patent rights for its…
Read More “Explained | What is the legal row between farmers and PepsiCo?” »
Union Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi, on July 11, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council, at its 50th meeting on July 11, reduced or clarified the tax rate on…
Read More “GST Council to impose 28% tax on online gaming firms” »
