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May 17, 2022 10:10 AM ISTFuel Prices on May 17: Check out petrol, diesel rates in Mumbai, Delhi and other cities
According to a price notification from fuel retailers, petrol in Delhi costs Rs 105.41 a litre and diesel Rs 96.67
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May 17, 2022 09:19 AM IST Monetary stimulus withdrawal is bound to have a major impact on global financial markets: CEA V Anantha Nageswaran
In the near term, these elevated inflationary pressures will prove to be a drag on global growth, says India's top economic policymaker
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May 17, 2022 06:52 AM IST Wheat importers in Asia scramble for supplies after Indian export ban
Importers, especially those in Asia, were banking on wheat from India, the world's second-biggest producer, after exports from the Black Sea region plunged following Russia's Feb. 24 invasion of Ukraine.
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May 17, 2022 06:29 AM IST India-Southeast Asia will worsen emission profile on rising crude steel production
The aggregate emission intensity in these regions will improve as production triples and carbon emissions will in turn double from current levels, said a report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
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May 16, 2022 04:42 PM IST EU cuts forecast for economic growth as war's fallout widens
The EU’s gross domestic product will expand 2.7% this year and 2.3% in 2023, the bloc’s executive arm said Monday — its first economic predictions since Russia invaded Ukraine on Feb. 24.
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May 16, 2022 02:15 PM IST BJP govt destroyed economy: Rahul Gandhi
At a rally in Rajasthan's Banswara district, he also charged that the BJP and Prime Minister Modi want to create two Hindustans, with one for the rich and select two-three industrialists and the other of Dalits, farmers, the poor and underprivileged.
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May 16, 2022 01:25 PM IST Financial position of Indian states a worry, but not of the Sri Lankan kind
Sri Lanka's economic crisis has served as a reminder of the harm that too much debt can cause. But to liken the indebtedness of Indian states with that of the island nation is akin to comparing apples with oranges.
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May 16, 2022 12:58 PM IST Petrol, diesel sales rebound in May
Petrol sales grew 14 per cent during the first half of May when compared with the same period in the preceding month, while diesel demand rose 1.8 per cent. Cooking gas LPG, which last month saw consumption declining because of high prices, posted a 2.8 per cent rise in sales during May 1-15.
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May 16, 2022 12:33 PM IST CNG price hiked by Rs 2 per kg
CNG in the national capital territory of Delhi now costs Rs 73.61 per kg, up from Rs 71.61 per kg, according to the information posted on the website of Indraprastha Gas Ltd (IGL) -- the firm which retails CNG and piped cooking gas in the national capital and adjoining cities.
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May 16, 2022 11:22 AM IST 26 states, UTs faced 6%-plus CPI inflation in April
India's headline retail inflation came in at a near-eight-year high in April and the numbers at the state level reveal some worrying trends
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May 16, 2022 09:19 AM IST Rupee to remain under pressure as it catches up with other Asian majors
In trade weighted inflation adjusted REER terms, the Rupee was close to its fair value in March 2022 against a basket of 40 currencies. However, intensification of depreciation pressure on the Chinese Yuan would weigh on the Rupee and other Asian currencies to maintain competitiveness. A sharp depreciation in Yuan remains a key downside risk to the Rupee’s exchange rate
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May 16, 2022 08:55 AM IST Indian banks’ bumper profits don’t show economic scars
The aggregate net profit of 27 listed commercial banks has shown an 86 percent year-on-year jump in the March quarter
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May 16, 2022 07:48 AM IST RBI to raise rates again in June but not clear by how much: Poll
India's retail inflation accelerated to an eight-year high in April, remaining above the central bank's tolerance limit for a fourth month in a row, and is likely to stay elevated.
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May 16, 2022 07:45 AM IST Frauds in PSBs dip 51% to Rs 40,295 crore; number of cases not falling fast enough: RBI
The 12 PSBs (Public Sector Banks) had reported frauds worth Rs 81,921.54 crore in preceding fiscal 2020-21, the Reserve Bank has said in response to an application under the Right to Information (RTI) Act.
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May 16, 2022 07:04 AM IST Wheat soars in risk to food inflation as India restricts exports
The government will suspend overseas sales to manage its food security, according to a notification dated May 13. This drew criticism from the agriculture ministers of the Group of Seven nations, who said that such measures make the world’s crisis worse.
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May 16, 2022 06:43 AM IST Odisha dairy farmers' body demands milk MSP at Rs 50 per litre
Odisha Milk Farmers' Association chairman Rabi Behera met Balyan, who is on a two-day visit to the state.
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May 16, 2022 06:40 AM IST Wheat procurement in Haryana extended till May 31; Punjab told to buy till month-end
The closing date of procurement for Haryana was May 15, while for Punjab May 31. In the case of other states, the closing dates set earlier would continue.
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May 16, 2022 06:17 AM IST Egypt to buy 500,000 tonnes of wheat from India
Egypt, one of the world's biggest wheat importers, is looking for alternatives to Black Sea grain exports which face disruptions caused by Russia's invasion of Ukraine, both major wheat exporters to Egypt.
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May 13, 2022 02:42 PM IST Exports up 30.7% to $40.19 billion in April; trade deficit widens to $20.11 billion
Imports during the month under review grew by 30.97 per cent to USD 60.3 billion.
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May 13, 2022 08:40 AM IST Is RBI tightening policy at a time when industrial growth is still weak?
The higher-than-expected inflation is likely to result in another hike in the policy rate at the MPC’s next meeting on 6th-8th June
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May 13, 2022 08:36 AM IST How SUVs are riding the K-shaped path to recovery
Until employment and growth catch up with the rising costs of vehicle ownership, demand from rural and lower-income households would continue to remain muted, affecting demand for two wheelers, 3-wheelers and low end passenger vehicles.
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May 13, 2022 06:32 AM IST At Rs 2898 crore, Delhi records highest ever GST collection for April
This is the city's highest-ever GST collection for April, they said.
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May 12, 2022 08:28 PM IST Experts say MPC's June 6-8 meet 'super live' for rate hike after April inflation shocker
The central bank's rate-setting panel announced a surprise 40-basis-point repo rate hike on May 4 in anticipation of a high inflation number for April. But the figure has exceeded economists' expectations.
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May 12, 2022 07:45 PM IST Lower inflation has reinforced favourable redistribution of income from top to bottom and middle-income groups: Finance ministry
The finance ministry classifies the Indian consumer into three broad classes: the top 20 percent, the middle 60 percent, and the bottom 20 percent.
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May 12, 2022 05:41 PM IST Industrial growth edges up to 1.9% in March on the back of slowdown in core sectors
In FY22, industrial output grew by 11.3 percent as against a contraction of 8.4 percent in FY21.
