Markets are bracing for a storm after the Islamabad peace talks stalled on Sunday, breaking a brief spell of relief following the US-Iran ceasefire on 8 April. While stocks, currency…
Category: Economy
Govt sets sail on shipbuilding push with regulator revamp, naval architects
New Delhi: The government plans to appoint naval architects to the Directorate General of Shipping (DGS) to strengthen the regulator’s technical capabilities and enable deeper consultancy support for shipbuilding, two…
Govt hikes export duty on diesel to ₹55.5/litre from today — Check details
The Indian government has today hiked export duty on diesel by ₹34 per litre to ₹55.5/litre, from ₹21.5/litre, with immediate effect, PTI reported. Further, it has also raised excise to…
The week in charts: Monetary policy, fertilizer subsidy, weak monsoon forecast
From the Reserve Bank of India (RBI) holding the policy rate steady at 5.25% amid the war in West Asia, to the government raising fertilizer subsidy for the upcoming kharif…
Untimely rains hit wheat procurement amid record harvest hopes
New Delhi: Wheat procurement in northwest India has started on a sluggish note, with unseasonal rains delaying harvest activity, three people aware of the development said. Key contributing states to…
India e-way bills at record 140.6 mn in March, up 12% on year
New Delhi: India’s electronic permits needed to transport goods within and across states have crossed 140.8 million in March, its highest in the GST regime that was rolled out in…
ADB says India’s GDP growth to moderate to 6.9% in current fiscal before accelerating to 7.3% next year
The Asian Development Bank (ADB) projects India’s gross domestic product growth will ease to 6.9% in the current fiscal year from 7.6% in the previous year before accelerating to 7.3%…
Crude rises 1% as Saudi output hit, markets eye US-Iran talks
Global oil prices traded nearly 1% higher on Friday morning after attacks on Saudi Arabia’s East-West pipeline and crude-producing facilities dented output and supply capacity. Saudi Arabia’s energy ministry on…
Centre plans community kitchens to hold back migrant workers at MSME hubs
Amid early signs of migrant labour movement back to their hometowns, the government is planning to shortly announce targeted steps, including subsidized community kitchens and assured cooking gas supply, to…
Aluminium makers, end users feel the squeeze as caustic soda prices spikes
At a time when Indian aluminium prices are expected to remain higher for longer due to the West Asia war—impacting industries from automobiles and beverage cans to construction and even…