Days after Prime Minister Narendra Modi made a clarion call for austerity, the Centre sharply raised import duty on precious metals to save dollars, at a time when the Gulf…
Category: Economy
Rupee may slide to 96-98 by December-end amid oil shock: Mint poll
Mumbai: The Indian rupee is sliding from one record low to another, but economists say assigning a precise trajectory to the currency has become increasingly difficult amid the US-Iran war…
India targets $1 trillion exports as FTAs now cover two-thirds of global trade: Piyush Goyal
New Delhi: The network of free trade agreements (FTAs) now covers more than two-thirds of global trade, as India pushes toward an ambitious $1 trillion export target for the current…
Mint Explainer | Why PM Modi is asking Indians to cut cooking oil consumption
In his recent public addresses, Prime Minister Narendra Modi has urged Indians to reduce the use of imported oils—both crude and edible—as part of broader austerity measures aimed at conserving…
Oil prices ease after rising in three consecutive sessions, Brent still around $107/bbl
Global crude prices traded on a subdued note on Wednesday morning after rising around 8% over the previous three sessions. Around 7:50 AM, the July contract of Brent on the…
Rising inflation, Hormuz deadlock, Trump-Xi meet: What’s driving global news headlines
Every month, Mint’s Plain Facts gives you an update on key global data to help you thread together the biggest developments worth paying attention to. T he accompanying analysis and…
Policy planners outline India’s economic response after PM’s call for energy discipline
India’s economic and policy leadership is bracing for the fallout from the West Asia war, with senior officials cautioning that elevated oil prices and supply disruptions could strain inflation, the…
Cut waste, curb imports: Piyush Goyal’s ‘wake-up call’ to Indian industry
Indian industry must focus on reducing waste, improving productivity and lowering the country’s import bill to collectively strengthen the economy amid global uncertainties, commerce and industry minister Piyush Goyal said…
Need nuts-and-bolts reforms, industry must invest in R&D: NITI Aayog’s Gauba
New Delhi: India’s next set of economic reforms needs to be granular, nuts-and-bolts changes that reduce regulatory friction, said NITI Aayog member Rajiv Gauba on Monday, while also urging Indian…
IMD to forecast monsoon arrival at block level to help farmers plan sowing
The India Meteorological Department (IMD) is rolling out an artificial-intelligence-powered system to predict the arrival of the southwest monsoon at the sub-district level, an upgrade from the national and state-level…