Category: Economy
India’s economic strength defies foreign outflow fears, S&P Says
India is weathering global financial pressures better than headline data suggest, with worries over foreign outflows overstated, according to S&P Global Ratings. The country has…
India books phosphate fertilizer at 40% above pre-war prices
India, the world’s top buyer of diammonium phosphate, has contracted the crop nutrient at prices almost 40% higher than pre-war levels as the Middle East…
Inflation in driver’s seat likely to stall discretionary spend
KOLKATA/MUMBAI: From mobile phones and clothes to dining out and air-conditioners, India’s recent discretionary spending recovery is coming under pressure with the Gulf war having…
Containing war impact on growth, current account: PMO stitching up plan to boost foreign fund flow
NEW DELHI: The Prime Minister’s Office (PMO) is coordinating with various ministries and anchoring efforts to identify fresh opportunities to bolster foreign investments and exports…
GDP data release revised to June 7 each year
New Delhi: The statistics ministry has revised the release schedule for provisional GDP estimates and fourth quarter GDP data to June 7 of each year,…
Govt eyes new employment blueprint after labour code rollout
New Delhi: Labour and employment minister Mansukh Mandaviya Tuesday said the central government has fully operationalised the four new labour codes which are both pro-worker…
Retail inflation up a tad on rise in food, bullion prices
New Delhi: Retail inflation jumped to a four-month high of 3.5% year-on-year in April, up slightly from 3.4% in March, led by rising food and…
CEA Nageswaran says West Asia crisis a balance of payments stress test; to impact CAD, inflation & exchange rate
New Delhi: Large companies must ensure timely release of payments to micro and small enterprises to ease their working capital needs and reduce cost of…
West Asia crisis a wake-up call for self-reliance: Commerce and industry minister Piyush Goyal
New Delhi: The West Asia crisis should be a “wake-up call” for domestic industry to become self-reliant and efficient, as well as make better use…
New Income Tax law aims to build transparent, tech-driven ecosystem for taxpayers: Official
The new Income Tax Act rolled out last month aims to reduce litigation, simplify compliance and build a transparent, technology-driven ecosystem for taxpayers, a senior…