Wholesale Price Index inflation cooled to 4.73 per cent in January as against 4.95 per cent in December 2022. The decline in the rate of inflation is driven by mineral…
Category: Economy
India’s retail inflation rises to three-month high of 6.52% in January
Higher food prices nudged up India’s annual retail inflation in January to a three-month high of 6.52% from a 12-month low in December, showed government data on Monday. It was…
Cheaper batteries, cheaper EVs: What discovery of lithium in J&K could mean for you
On Thursday, the Ministry of Mines announced that the Geological Survey of India discovered 5.9 million tonnes of lithium, a metal used for making electric vehicle (EV) batteries, in Jammu…
India to soon be world’s largest defence manufacturing base, says PM Modi at Aero India 2023
Prime Minister Narendra Modi said that India will soon be the world’s largest defence manufacturing base and that the Central government aims to take India’s defence exports up to $5…
India topples France as UK’s largest Scotch whisky market
India has overtaken France to become the UK’s largest market of Scotch whisky in terms of volume with a 60 per cent hike in imports in 2022 over the previous…
Gross direct tax mop-up grows 24 per cent to Rs 15.67 lakh crore, net collection touches 79 pc of revised estimates
Gross direct tax collections grew 24 per cent to Rs 15.67 lakh crore so far this fiscal, the finance ministry said on Saturday. After adjusting for refunds, the net direct…
FM Sitharaman on SC verdict on Adani issue: Indian regulators are very seasoned
Finance Minister Nirmala Sitharaman on Saturday said that Indian regulators, such as the Securities and Exchange Board of India (SEBI), are very seasoned and are on top of the Adani…
How India’s gig economy is shaping up, thanks to startups
Apart from ushering in billions of dollars of capital and solving complex problems innovatively, Indian start-ups have another claim to fame—the creation of a new kind of gig economy. In…
India’s forex reserves snap three-week rise, drop $1.49 bn to $575.27 bn
India’s foreign exchange reserves fell for the first time in four weeks and stood at $575.27 billion in the week through Feb. 3, the Reserve Bank of India’s (RBI) statistical…
India’s industrial output rises 4.3% in December
India’s industrial production rose by 4.3 per cent in December, according to official data released on Friday. Factory output measured in terms of the Index of Industrial Production (IIP) grew…