IMF applauds India for maintaining fiscal discipline in election year
Washington: The International Monetary Fund has applauded India for maintaining fiscal discipline in an election year, saying that the Indian economy is doing well and continues to be the world’s bright spot. “At this point in time, India’s economy is doing well. Growth at 6.8 per cent is very good. Inflation’s coming down. We have […]
40 trains on Ambala-Amritsar route cancelled as farmers’ protest continues for third day
Ambala: Rail traffic on the Ambala-Amritsar route was hit as farmers squatted on rail tracks in Shambhu near the Punjab-Haryana border for the third day on Friday, demanding the release of three farmers arrested by the Haryana Police, officials said. About 40 trains have been cancelled, while the routes of 54 trains have been diverted, […]
Indian economy projected to grow 6.5% in 2024: UNCTAD
United Nations: India’s economy is projected to grow by 6.5 per cent in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports. UN Trade and Development (UNCTAD) in its report released on […]
India’s crude oil import bill drops 16% but import dependency hits new high
New Delhi: India’s crude oil import dropped 16 per cent in the fiscal year ended March 31 as lower international rates but the dependency on overseas suppliers rose to a new high, official data showed. India imported 232.5 million tonnes of crude oil, which is refined into fuels like petrol and diesel, in the 2023-24 […]
Yasha Mudgal conducts extensive tour of Srinagar district
Inspects various HADP projects, interacts with progressive farmers SRINAGAR: Mission Director, Holistic Agriculture Development Programme (HADP), Yasha Mudgal today conducted an extensive tour of the Srinagar district to assess the agricultural scenario of the district. During the tour, the Mission Director visited hi-tech polygreen houses at Maloora Qamarwari, vegetable mandi Lalmandi Srinagar, and the controlled […]
India’s unemployment rate to decline 97 basis points by 2028: ORF Report
New Delhi: India’s unemployment rate is likely to decline by as much as 97 basis points by 2028 as the country’s economy hits the USD 5 trillion mark, fuelling a rise in employment, a new report said on Tuesday. Unemployment rate — the percentage of people in the labour force who are without jobs — […]
Wholesale inflation hits three-month high of 0.53% in March
New Delhi: Wholesale inflation in the country rose marginally to three-month high of 0.53 per cent in March compared to 0.20 per cent in the preceding month due to increase in prices of vegetables, potato, onion and crude oil. The Wholesale Price Index (WPI)-based inflation was in the negative zone from April to October and […]
India’s merchandise exports dip marginally in March, FY24 shipments at USD 437 bn
New Delhi: India’s merchandise exports declined marginally in March to USD 41.68 billion, while for the entire 2023-24 it dipped 3.11 per cent to USD USD 437.06 billion, as geopolitical issues continued to hamper global shipments. Imports, too, declined 5.98 per cent to USD 57.28 billion in March, taking the trade deficit to 15.6 billion […]
Telecom department to seek Trai’s view on satcom spectrum allocation, licensing process
New Delhi: The Department of Telecommunications (DoT) is expected to approach Trai this month to seek the regulator’s views on method and pricing for allocation of spectrum and scope of licences to be issued for satcom services, according to sources. The Telecom Regulatory Authority of India (Trai) had floated a consultation paper on “Assignment of […]
LIC Sees 59% Jump In Value Of Investments In Adani Stocks
New Delhi: LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report. The value of LIC’s investment in seven Adani group companies has soared […]
