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The textile sector grew 9.8% in May, after months of sluggishness. File | Photo Credit: M. Periasamy India’s goods exports grew 9.1% to $38.13 billion in May, while imports rose 7.7% to $61.91 billion, Commerce Secretary Sunil Barthwal said on Friday, stressing that things are looking “more optimistic for foreign trade this year”. Even the…
Read More “Exports grew 9%, but trade gap widened to 7-month high in May” »
Representational image of the seal of the Board of Governors of the United States Federal Reserve System | Photo Credit: AP United States Federal Reserve officials will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they are downgrading their outlook for interest rate cuts….
Economists in the poll said that situation was unlikely to have been repeated in the last quarter. Bengaluru: India’s economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was…
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U.S. Treasury Secretary Janet Yellen is headed to a China determined to avoid open conflict with the United States, yet the world’s two largest economies still appear to be hashing out the rules on how to compete against each other. There are tensions over Chinese government support for the manufacturing of electric vehicles and solar…
File picture of RBI Governor Shaktikanta Das, who said that India accounts for 40% of all digital payments in the world | Photo Credit: ANI Reserve Bank of India Governor Shaktikanta Das said on Monday that digital transactions in India have grown 90-fold in 12 years. Mr. Das was speaking at the RBI headquarters in…
Read More “India accounts for 40% of all digital payments in the world: RBI governor” »
National Payments Corporation of India’s (NPCI) Unified Payment Interface (UPI) being formally launched at the Eiffel Tower on February 2, 2024 | Photo Credit: PTI India on Friday formally launched UPI at the iconic Eiffel Tower here, terming it as taking Prime Minister Narendra Modi’s vision of taking UPI global. “UPI formally launched at the…
Read More “UPI gets global launch at Eiffel Tower in France” »
Daily Quiz | On Union Budget Former Finance Minister Yashwant Sinha presented the budget at 11 a.m., for the first time, instead of doing it at 5 p.m. START THE QUIZ 1 / 5 | The Government presents it on the first day of February so that it can be materialised before the beginning of…
Read More “The Hindu Daily Quiz | On Union Budget – Feb 1, 2024” »
U.S. Ambassador to India Eric Garcetti during the 20th Indo-US Economic Summit, in New Delhi on September 26, 2023 | Photo Credit: ANI India and the US need to strive towards a more ambitious and frictionless bilateral trade relationship, U.S. Ambassador to India Eric Garcetti said in New Delhi on Tuesday. Speaking at the 20th…
Representational image of crude oil barrels ready to be transported. | Photo Credit: AP The government has cut the windfall profit tax on crude oil produced in the country while the levy on exports of diesel and aviation turbine fuel (ATF) has been hiked, an official notification said. The tax, levied in the form of…
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File picture of workers loading LPG cylinders on to a truck. | Photo Credit: Reuters Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 kg commercial LPG gas cylinders by ₹158, according to the sources. The new prices will be effective from today. In Delhi, the retail price of the 19 kg commercial…
