New Delhi: India’s unemployment rate for people aged 15 years and above eased marginally to 4.9% in February from 5.0% in January, driven by a decline in joblessness in urban…
Category: Economy
India’s wholesale inflation rises to 2.13% in February
NEW DELHI: India’s wholesale price inflation rose to 2.13% in February, driven largely by higher prices of basic metals and other manufactured food and non-food items, as well as textiles,…
India’s trade deficit narrows to $27.1 billion in February
New Delhi: India’s merchandise trade deficit narrowed in February as imports moderated from the previous month, though elevated purchases of energy, gold and electronics continued to weigh on the overall…
Oil prices trade mixed as IEA says crude from reserves will start flowing in soon
Global crude oil prices traded on a mixed note on Monday after the International Energy Agency (IEA) announced plans to release oil from emergency reserves to stabilize markets disrupted by…
Amid soaring aluminium imports, India brings in new QCO
New Delhi: India has issued a new quality control order (QCO) for aluminium and aluminium alloy products, mandating compliance of Bureau of Indian Standards (BIS) norms by domestic and overseas…
US begins emergency oil reserve release of 86 million barrels in bid to bring down fuel prices
The Trump administration started the process of a mammoth drawdown of the US emergency oil reserve, issuing a request to exchange 86 million barrels of crude oil. Deliveries from the…
Fuel shortages from Middle East war begin to threaten global food supply
Food crops are becoming increasingly vulnerable to the energy supply crunch caused by war in the Middle East, with farmers across Asia and Europe facing a scarcity of fuel needed…
The week in charts: Crude oil shock, India’s EM rank, e-way bill generations
NEW DELHI: From a spike in crude oil prices amid the conflict in West Asia to the tightening economic race between India and Vietnam, logistics activity reflected in e-way bill…
Tax nudges lead 5 million taxpayers to revise returns; refund claims drop ₹2,000 crore
More than five million income tax returns were revised after the tax department flagged incorrect or bogus deduction claims last year, lowering refund claims by ₹2,000 crore, Central Board of…
India, US on the heels of finalising a critical minerals agreement, ‘big announcement in few months’, says Sergio Gor
US ambassador to India, Sergio Gor, on Friday announced that India and US are close to finalising a minerals agreement, with a “big announcement” expected in the “next few months”.…