Mumbai: The Reserve Bank of India on Monday announced a redistribution of portfolios among its deputy governors, following the appointment of Rohit Jain as deputy governor for three years, marking…
Category: Economy
Asia Manufacturing Sector Feeling Strain From Middle East Conflict
Gauges of Asia factory activity showed more evidence of supply-chain disruptions from the Middle East war, with stockpiling buoying production as cost pressures intensify. S&P Global purchasing managers indexes released…
Centre plans 3.25 mn ha shift to chemical-free farming by FY31
New Delhi: The Centre is considering bringing 3.25 million hectares under chemical-free natural farming by FY31, scaling up efforts to promote sustainable agriculture and improve farm incomes, two government officials…
Indian private sector new order growth quickens in April but remains slowest in 4 years: PMI survey shows
After losing some momentum in March due to the West Asia conflict, growth across India’s private sector expanded at a quicker rate at the start of the new fiscal year…
Oil prices subdued after Trump says US plans to help stranded ships cross Strait of Hormuz
Global oil prices traded on a subdued note on Monday morning after US president Donald Trump said that the US will guide stranded ships out of Strait of Hormuz. At…
Rural job demand under MGNREGS falls by over a third in April
New Delhi: Only 17.5 million people sought work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), now renamed the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission Gramin…
Oil slips after Trump says US will help free ships stranded in Strait of Hormuz
Oil prices eased on Monday after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz, however the…
Govt says auto fuel shortage rumour led to panic buys, assures stocks adequate
New Delhi: The government on Sunday rejected rumours of an automobile fuel shortage and an anticipated retail price hike that had led to “panic buying” in parts of the country.…
OPEC members increase oil production quota by 188,000 bpd, no word on UAE’s withdrawal amid war in West Asia
OPEC countries Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia and the Kingdom of Saudi Arabia today said they have increased oil production quota to bolster supply continuity amid the United Arab…
Will the West Asia war accelerate the age of electricity? Explained in charts
When the 1973 oil crisis struck, it dramatically changed the way that economies used fossil fuels such as petroleum. Economies are still fossil-fuel dependent, but much less than about 50…