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Sep 24, 2022 12:18 PM ISTFarmers lift road blockade on NH-44 in Haryana after government intervention
Haryana BKU (Chaduni) chief Gurnam Singh Chaduni said the decision to end the stir was taken after the government agreed to consider procuring 30 quintals of paddy per acre instead of the earlier 22 quintals.
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Sep 24, 2022 12:10 PM IST Creditor cooperation a must for Sri Lanka IMF programme: Sri Lankan Government
At an online engagement with the creditors, the government on Friday said that assurances from bilateral creditors are required as a prerequisite to the IMF board adoption of the programme.
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Sep 24, 2022 10:34 AM IST Fuel Prices on September 24: Check petrol, diesel rates in Delhi, Mumbai and other cities
Petrol and diesel in Delhi cost Rs 96.72 and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata.
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Sep 23, 2022 08:46 PM IST The Week on Dalal Street | Weekly wrap of market trends, stock moves & what to look out for!
In this episode of The Week on Dalal Street, Santosh Nair and Anuj Singhal discuss if India can still outperform in the face of sustained weakness in global markets.
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Sep 23, 2022 05:17 PM IST MPC's Ashima Goyal says CPI basket needs updating, core inflation may be better target
Writing in a paper, the external member of the Reserve Bank of India's rate-setting panel said the inflation measure has to be reliable, which requires frequent updates to the Consumer Price Index basket
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Sep 23, 2022 04:46 PM IST Moneycontrol Pro Weekender | Connecting the dots
With high inflation, co-ordinated withdrawal of liquidity, higher interest rates, geopolitical competition, economic war, currencies in disarray, climate change and deglobalisation, we are on the threshold of a brave new world
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Sep 23, 2022 02:42 PM IST RBI may slow intervention in October-March to allow weakness in rupee: Kotak Bank
The rupee dropped to a record low of 81.2250 to the dollar on Friday, prompting the RBI to sell dollars to prop up the currency, traders said.
- Sep 23, 2022 01:21 PM IST
India OIS curve may steepen on overcooked rate hike bets: BofA
BofA expects the Reserve Bank of India to raise rates by 25-35 basis on Sept. 30 and reckons the policy rate will reach 6.5% by end-2023, much later than what some investors are expecting.
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Sep 23, 2022 01:12 PM IST Tightening liquidity may force Indian banks to compete harder for deposits
Indian banking system liquidity slipped into deficit for the first time in nearly 40 months earlier this week, prompting the Reserve Bank of India to infuse funds into the system.
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Sep 23, 2022 12:33 PM IST Agri supply chain fragmented, need well-thought-out market interventions, SLCM Group’s Sabharwal says
India’s farm sector faces multiple challenges: knee-jerk interventions, disorganised supply chains and a lack of profitability, says the CEO of one of the country’s largest private warehousing firms
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Sep 23, 2022 11:43 AM IST India may boost coal power fleet 25% by 2030 amid rising demand
The world’s third-biggest emitter of greenhouse gases will add nearly 56 gigawatts of coal power capacity unless there’s a substantial drop in the cost of storing electricity, Power Minister Raj Kumar Singh said in an interview this week in New Delhi.
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Sep 23, 2022 11:36 AM IST A look at how countries are coping with the cost-of-living crisis
Escalating the fight against inflation, US Federal Reserve recently raised interest rates by 75 bps for the third consecutive time. Almost every big economy in the world, including India, is battling the scourge of price rise
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Sep 23, 2022 11:22 AM IST Erratic monsoon damaging crops: Experts say no impact likely on food security but farmers bearing brunt
They, however, said farmers, at the individual level, have been hit the hardest by the highly erratic monsoon and many have not yet received help from state governments.
- Sep 23, 2022 11:13 AM IST
RBI likely sells dollars as rupee plumbs record low: Traders
The rupee was last trading at 81.0575 per U.S. dollar, compared with the day's low of 81.2250 and the previous session's close of 80.86.
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Sep 23, 2022 10:49 AM IST Indian consumer firms have a big gamble coming up this festive season
If spending shows a significant uptick, it might be proof that the Indian consumer market is distinct and different from markets elsewhere
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Sep 23, 2022 09:30 AM IST Centre's attempt to corporatise power, agriculture sectors will be disastrous: K T Rama Rao
Speaking to reporters in Siricilla on Thursday, he said if the Electricity (Amendment) Bill brought in by the Central government turns into an Act, farmers would lose free power, Scheduled Caste members, Scheduled Tribe persons, poultry farmers, washermen, barbers, weavers, and others will have to bid goodbye to power subsidies.
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Sep 23, 2022 09:08 AM IST RBI to raise rates again, slim majority of economists expect 50 bps hike: Poll
There was a wide consensus that the RBI will raise rates at the Sept. 30 meeting, although there were differences over how far it would go with inflation accelerating to 7% and with the rupee weakening.
- Sep 23, 2022 08:01 AM IST
Fuel Prices on September 23: Check petrol, diesel rates in Delhi, Mumbai and other cities
Petrol and diesel in Delhi cost Rs 96.72 and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata.
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Sep 23, 2022 07:15 AM IST India working to transform its energy landscape with significant clean energy share: Minister Jitendra Singh
By 2030, India has agreed to reach 500GW non-fossil energy capacity, shift 50 per cent of energy its requirements to renewable sources, lower overall anticipated carbon emissions by one billion tonnes and reduce carbon intensity of the economy by 45 per cent over the 2005 levels.
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Sep 23, 2022 07:03 AM IST Govt says domestic rice prices may continue to rise
The statement was made in the fact sheet that the ministry issued detailing reasoning behind recent amendments to the India's rice export policy.
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Sep 23, 2022 06:59 AM IST Government making efforts to keep inflation under 4%: Nirmala Sitharaman
Addressing a press conference near Pune city on the sidelines of a programme, she said steps were being taken to keep inflation at a certain level.
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Sep 23, 2022 06:41 AM IST Country's economy progresses when rural economy is strengthened: Yogi Adityanath
The chief minister was addressing a rural development exhibition organised by the Pandit Deendayal Upadhyaya Smriti Mahotsav Samiti in Mathura via video-conferencing from his official residence in Lucknow.
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Sep 23, 2022 06:39 AM IST Odisha cabinet okays proposal to bring lime stone under long-term linkage policy
These industries will henceforth be getting their lime stone supply through Odisha Mining Corporation Limited (OMC), said Chief Secretary SC Mohapatra.
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Sep 22, 2022 06:05 PM IST Central banks raise rates again as Fed drives global inflation fight
Japan, the outlier among major developed economies, kept interest rates steady on Thursday only to be punished as traders pushed the yen to a record low against the dollar - prompting the first intervention by Japanese authorities to support the currency since 1998.
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Sep 22, 2022 01:37 PM IST Europe is probably going into a recession, says JP Morgan's Jamie Dimon
Jamie Dimon remains optimistic on the Indian economy and said the impact of rate hikes by the US central bank on India will be relatively less compared to other global economies
