India witnessed a nearly 22 per cent increase in its import bill to $601.70 billion during the ongoing financial year till January 2023 due to a sharp rise in crude oil…
Category: Economy
India to discourage foreign trade settlement in Chinese yuan
India has asked banks and traders to avoid using Chinese yuan to pay for Russian imports, three government officials involved in policy making and two banking sources said, because of…
India’s retail inflation eases marginally to 6.44% in February
Retail inflation in India eased marginally last month but stayed above the Reserve Bank of India’s upper threshold for a second straight month, keeping the central bank on course for…
FATF uses Yes Bank’s Rana Kapoor as case study; says he bought a painting as a bribe for Padma Bhushan
The Financial Action Task Force (FATF) used former Yes Bank Managing Director and CEO Rana Kapoor as a case study for buying art and cultural objects as a vehicle to…
Net direct tax collection reaches Rs 13.73 lakh crore; 83% of revised estimate for FY23
India’s net direct tax collection so far this fiscal grew 17 per cent to reach Rs 13.73 lakh crore, which is 83 per cent of the revised target for the…
India’s fuel demand hits 24-year high in February
India’s fuel demand in February reached a 24-year high. Industrial activity in the country was also boosted by cheap Russian oil. Consumption of fuel rose by over 5 per cent…
India’s inflation seen easing slightly in February, still above RBI target
Retail inflation in India likely eased a bit last month but stayed above the Reserve Bank of India’s upper threshold for a second straight month, keeping the central bank on…
ITDC’s The Ashok hotel might be a step closer to disinvestment; know more
Disinvestment of India Tourism Development Corporation (ITDC)’s iconic hotel The Ashok in the national capital will soon be taken up for discussions by Public Private Partnership Appraisal Committee (PPPAC), said…
‘Friction may escalate swiftly’: US intel warns of possible conflict between India-China, India-Pakistan
The American intelligence community has told US lawmakers that it anticipates increased tension between India and China and India and Pakistan, with a possibility of conflict. The US intelligence also…
Possible conflict between India-China, India-Pakistan? Here what’s US intelligence has to say
The American intelligence community has told US lawmakers that it anticipates increased tension between India and China and India and Pakistan, with a possibility of conflict. The US intelligence also…