India Industrial Production Slows To 2.4% In July
In July, India’s annual growth of industrial production was 2.4 per cent, per data released by the National Statistical Office. In the year 2021, the...
Category : ECONOMY
RBI Releases’ Alert List’ of 34 Entities Barred from Forex Trades
Reserve Bank of India has released a list of certain electronic trading platforms conducting foreign exchange transactions. This list (called ‘Alert List’) makes them unauthorised...
India Commits to Privatisation, Bank Reforms: FM Sitharaman
The Government of India has stanched to privatise State-owned Enterprises and push banking sector reforms, Finance Minister Nirmala Sitharaman says. The Initial Public Offering (IPO)...
Rise in Service Exports 20.2% to $23.26 Billion in July- RBI Data
On Thursday, the Reserve Bank of India (RBI) data unconfined that India’s Services Exports augmented by 20.2% yearly to $23.26 billion in July. Markedly, the...
Gold Drops Below $1,700 Against Stronger Dollar, Interest Rate Hike Bets
Gold prices fell below the key $1,700 level for the first time since July on Thursday, as a stronger dollar and expectations of aggressive interest...
India August Manufacturing PMI Robust at 56.2
In August, India’s manufacturing activity continued to grow robustly, led by a pick-up in demand amid softening input cost inflation. In July, inflationary pressures eased...
Centre Increases Windfall Tax on Domestic Crude and ATF Export Fee
The union government has raised the windfall tax on locally produced crude oil sales to Rs 13,300 per tonne.The revision is effective beginning on September...
Fiscal Deficit for April Through July is 20.5 % of Full Year Target
According to government figures released on Wednesday, India’s fiscal deficit, or the shortfall between revenue and expenditure, was 3.41 lakh crore from April to July,...
Government’s Fiscal deficit Touches 20.5% of Annual Target in April-July
Official data released on Wednesday revealed that the central government’s fiscal deficit touched 20.5 per cent of the annual target in the July 2022 quarter...
Monthly FPI Inflow Market logged 3rd highest Since Pandemic
In August, the domestic equity market reached one of the highest Foreign Portfolio investors (FPI). Since the pandemic outbreak in 2020, US federal Reserves are...