Category: Economy
Unemployment rate up at 5.4% on rise in rural joblessness in Q1
New Delhi: India’s unemployment rate rose to 5.4% in the April-June period from 5% in the preceding quarter, driven primarily by an increase in the…
Rice use for ethanol may rise as maize, sugarcane acreage falls this Kharif season
New Delhi: India may have to rely more heavily on rice for ethanol production this year as lower kharif acreage under maize and sugarcane raises…
Kharif sowing near normal as rainfall deficit shrinks
New Delhi: The area planted with major kharif crops increased to 87.7% of the normal seasonal average by August 7, down only 1.8% year-on-year, as…
Indonesia-India discuss proposal to create Preferential Trade Agreement
Indonesian Trade Minister Budi Santoso met with Indian Minister of Commerce and Industry Piyush Goyal, and discussed steps to enhance bilateral trade relations by accelerating…
Delhi State Cooperative Bank to venture into financing farmers, artisans
In a bid to strengthen the cooperative banking ecosystem in the National Capital Territory, NABARD’s New Delhi Regional Office organised its first Capacity Building Workshop…
CAG report flags fall in Delhi’s contribution to national GDP
New Delhi: Delhi’s economic growth has lagged the national economy over the past decade, with the national capital’s contribution to India’s GDP declining from 4%…
Russia explores rail link to India to bypass maritime chokepoints
Russia is exploring an ambitious plan to build a rail link to India as a hedge against risks associated with the Strait of Hormuz and…
India’s Russian crude imports hit record for second straight month
New Delhi: India’s imports of Russian crude oil rose to a record for the second consecutive month in July, underscoring the country’s continued reliance on…
India considers curbing use of sugarcane for ethanol to tame record-high sugar market
MUMBAI/NEW DELHI: India is considering restricting the amount of sugarcane used for ethanol in the season beginning October to boost sugar output and try to…
India, South Africa-led SACU group may ink terms of reference for negotiating trade pact on Aug 12
New Delhi: India and South Africa-led SACU group are likely to sign terms of references (ToRs) on August 12 for starting negotiations for a preferential…