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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…
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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…
Official rhetoric on India becoming a $5 trillion dollar economy has resumed, with the Prime Minister’s remarks at the BRICS conference last week. However, these claims are riddled with problems. | Photo Credit: Reuters Addressing the BRICS Business Forum Leaders’ Dialogue at Johannesburg last week, Prime Minister Narendra Modi said, “Soon, India will become a…
Read More “Data | The problems with the Prime Minister’s economic claims” »
A scene at wholesale vegetable market Azadpur Mandi, in New Delhi. File | Photo Credit: Sushil Kumar Verma Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. This is the highest pace of retail inflation since April 2022 and the first time…
Image used for representational purposes only. | Photo Credit: Special Arrangement India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July. However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year. Revenues…
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A view of a steel plant. India’s core sectors’ output surged at a five-month high pace of 8.2% in June, as per data from the Commerce and Industry Ministry, led by a 21.9% spike in steel output | Photo Credit: The Hindu India’s core sectors’ output surged 8.2% in June, the fastest pace in five…
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The 15th Finance Commission has recommended that States be given 41% of the divisible tax pool of the Centre. File. | Photo Credit: Reuters The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj…
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A Standing Committee on Statistics will review the framework and results of all surveys conducted under the aegis of the National Statistical Office. File illustration: Sebastian Francis The government has constituted a new internal oversight mechanism for official data, revamping a Standing Committee on Economic Statistics (SCES) set up in late 2019, soon after the…
Read More “Government forms new panel to review all NSO data” »