Category: Economy
Financial sector to aid next phase of transformation, says DEA secy Anuradha Thakur
New Delhi: The financial sector would be a catalyst for India’s next phase of economic transformation and aid in sustaining its high-growth momentum amid global…
India-US trade pact: First stage ‘nearing closure’
New Delhi: The first tranche of the proposed India-US bilateral trade agreement (BTA), which would aim to address the unprecedented 50% tariff slapped on Indian…
Goods exports down 11.8% in October, trade deficit widens on gold imports
New Delhi: India’s merchandise exports fell 11.8% year-on-year in October, while imports rose 16.6% on the back of higher gold and silver shipments, official data…
Unemployment rate steady at 5.2% in October
New Delhi: India’s overall unemployment rate in October remained unchanged from the previous month at 5.2%, as a small drop in the rural unemployment rate…
16th Finance Commission submits reports to President Murmu; to be tabled in Winter Session of Parliament
Chairman of the 16th Finance Commission Arvind Panagariya on Monday submitted to President Droupadi Murmu the panel’s report, recommending the share of states in the…
India to gain from US reciprocal tariff cuts on some agri items: Commerce ministry
India is expected to gain from the US decision to roll back reciprocal tariffs on certain agricultural products such as tea, coffee and spices, the…
Govt to roll out guidelines to implement export promotion mission from this month: Comm Secy
New Delhi: The commerce ministry has already started the work to frame detailed guidelines for the Rs 25,060 crore Export Promotion Mission (EPM) and it…
Gold imports jump threefold to record USD 14.72 bn in Oct
New Delhi, The country’s gold imports surged about threefold to hit a record high of USD 14.72 billion in October, mainly due to higher festival…
Wheat sowing till Nov 11 of current rabi season up 17 pc to 66.23 lakh hectare
New Delhi: Area under coverage for wheat till November 11 of the ongoing rabi (winter-sown) season rose 17 per cent to 66.23 lakh hectares on…
Refunds delay: CBDT Chairman says I-T dept analysing wrongful claims; payouts likely by Dec
New Delhi: CBDT Chairman Ravi Agrawal on Monday said the tax department is undertaking an analysis of wrongful deductions claimed in certain cases, leading to…