According to a price notification from fuel retailers, petrol in Delhi costs Rs 105.41 a litre and diesel Rs 96.67
In the near term, these elevated inflationary pressures will prove to be a drag on global growth, says India's top economic policymaker
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.
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).
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.
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.
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.
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.
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.
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
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
The aggregate net profit of 27 listed commercial banks has shown an 86 percent year-on-year jump in the March quarter
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.
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.
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.
Odisha Milk Farmers' Association chairman Rabi Behera met Balyan, who is on a two-day visit to the state.
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.
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.
Imports during the month under review grew by 30.97 per cent to USD 60.3 billion.
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
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.
This is the city's highest-ever GST collection for April, they said.
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.
The finance ministry classifies the Indian consumer into three broad classes: the top 20 percent, the middle 60 percent, and the bottom 20 percent.
In FY22, industrial output grew by 11.3 percent as against a contraction of 8.4 percent in FY21.