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The export ban on onion has been extended till further orders, a notification by DGFT said. File | Photo Credit: SHIV KUMAR PUSHPAKAR The Government has extended the export ban on onion till further orders, according to a notification of the Commerce Ministry. Earlier, it was prohibited till March 31 this year. “Export prohibition on…
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Dharavi, one of Asia’s largest slums, in Mumbai., located alongside skyscrapers and luxury apartments | Photo Credit: Reuters In 2022, 22.6% of the national income went to the top 1% of Indians. Cut to 1951, their share in the income was only 11.5% and even lower in the 1980s — just before India opened up its…
Read More “Top 1% Indians’ income share is higher now than under British-rule: Data” »
A file photo of Rajiv Bajaj. | Photo Credit: AFP Mere slogans do not help usher in change and India can only progress by skilling its youth, Bajaj Auto MD Rajiv Bajaj asserted on Friday. “You do not change the world by sloganeering. Saying ‘Make in India’ does not change the world; saying ‘Aatmanirbhar’ does…
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Without wading into the debate over the rise in income and wealth inequality in the country, the Finance Ministry on Friday asserted that India has experienced “inclusive growth” over the past decade, citing “reassuring findings” of the Household Consumption Expenditure Survey of 2022-23. “The rural-urban divide in MPCE [monthly per capita consumption expenditure] has declined considerably….
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Strong growth accompanied by stable inflation and external account and progressive employment outlook will help the Indian economy close the current financial year on a positive note. Representational file image. | Photo Credit: Reuters India’s economy may well end up growing by about 8% this fiscal, outstripping the 7.6% real GDP growth projected by the…
Read More “Real GDP growth may hit 8% this fiscal year, signals FinMin” »
The Committee on Cotton Production and Consumption (COCPC), at a recent meeting, estimated cotton production this season, ending September, at 323 lakh bales and exports 27 lakh bales. The Cotton Association of India (CAI), however, said production will be 309 lakh bales mainly because it expects production in Telangana to be 34 lakh bales against…
Benchmark equity indices Sensex and Nifty closed higher for the third straight session on Friday, following gains in index majors L&T, ITC and Maruti and a record rally in the U.S. markets after the Federal Reserve indicated three rate cuts this year. After falling in early trade, markets staged a smart recovery. The 30-share BSE…
Read More “Stock markets rise for 3rd session; Sensex gains 190 points” »
Rupee finally settled at a record low of 83.48 (provisional), registering a fall of 35 paise from the previous close of 83.13. | Photo Credit: The Hindu The Rupee depreciated 35 paise to settle at an all-time low of 83.48 against the American currency on March 22, tracking a surging greenback against major crosses in…
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Strong growth accompanied by stable inflation and external account and progressive employment outlook will help the Indian economy close the current financial year on a positive note. Representational file image. | Photo Credit: Reuters The Finance Ministry on March 22 said with an uptick in private investment and inflation trending down, India’s outlook for the…
Read More “India’s outlook for next fiscal positive: Finance Ministry” »
India reversed a laptop licensing policy after behind-the-scenes lobbying by U.S. officials, who however remain concerned about New Delhi’s compliance with WTO obligations and new rules it may issue, according to U.S. trade officials and government emails seen by Reuters. In August, India imposed rules requiring firms like Apple, Dell and HP to obtain licences…
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