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Economy

  • Economy

    Why a surge in imports from China may not be bad for India

    by Mahua Venkatesh October 30, 2022
    by Mahua Venkatesh October 30, 2022

    India’s economic managers are not worried about the surge in imports from China – in the January-September period of this year, inbound shipment from Beijing soared to $89.66 billion. They …

  • Economy

    In a first, SAIL’s procurement from Govt e-marketplace crosses Rs 10,000 crore

    by IN Bureau October 27, 2022
    by IN Bureau October 27, 2022

    Steel Authority of India Limited (SAIL has become the first public sector enterprise to cross the major milestone of procuring Rs 10,000 crore worth goods through the Government-e-Marketplace (GeM), according …

  • Economy

    Traders body lashes out at Kejriwal’s over-the-top currency proposal

    by IN Bureau October 27, 2022
    by IN Bureau October 27, 2022

    Traders have lashed out at Delhi Chief Minister Arvind Kejriwal for his proposal to include photographs of Ganesh and Laxmi on Indian currency notes. The Confederation of All India traders …

  • Economy

    New British PM Sunak unlikely to ease visa regime for Indians

    by Mahua Venkatesh October 27, 2022
    by Mahua Venkatesh October 27, 2022

    The change in guard in the UK with Conservative Party leader Rishi Sunak taking over as Prime Minister, will not alter the course of negotiations on the proposed free trade …

  • Economy

    Saudi Arabia draws India’s Mundra port into a larger Gulf network

    by Irfan Mohammed October 24, 2022
    by Irfan Mohammed October 24, 2022

    India’s Mundra port is set to connect with a large network of Gulf ports with Saudi Arabia as the hub. Mundra Port, India’s top container gateway, will connect King Abdulaziz …

  • Economy

    Why India’s exports to Europe could see a big jump following Ukraine war

    by Mahua Venkatesh October 21, 2022
    by Mahua Venkatesh October 21, 2022

    India’s exports to Europe are expected to rise in the short to medium term after the latter’s trade with Russia is in question following Moscow’s invasion of Ukraine. Despite increasing …

  • Economy

    Pakistan society has become inherently intolerant: former FM

    by IN Bureau October 20, 2022
    by IN Bureau October 20, 2022

    Miftah Ismail, Pakistan’s former Finance Minister who resigned recently, said that in the last 75 years, the country has “built a society which was inherently intolerant.” He also said that …

  • Economy

    Japanese companies bet big on India as Modi govt rolls out red carpet

    by Mahua Venkatesh October 20, 2022
    by Mahua Venkatesh October 20, 2022

    A host of Japanese companies are quietly looking to expand their existing businesses and boost manufacturing facilities in India amid rise in global economic uncertainty driven by the Russia-Ukraine war. …

  • Economy

    Mukesh Ambani buys another luxury bungalow in Dubai for $163 million

    by IN Bureau October 20, 2022
    by IN Bureau October 20, 2022

    Reliance Industries chairman Mukesh Ambani has bought the sprawling Palm Jumeirah mansion in Dubai for about $163 million from the family of Kuwaiti tycoon Mohammed Alshaya, according to a report …

  • Economy

    India tops world ranking in digital payments

    by Mahua Venkatesh October 19, 2022
    by Mahua Venkatesh October 19, 2022

    India, which is driving the global digital economy, has already clocked about 70 billion digital payment transactions in 2022—the highest in the world.  This is a sharp increase from the …

  • Economy

    Cabinet approves hike in MSP for Rabi crops

    by IN Bureau October 18, 2022
    by IN Bureau October 18, 2022

    The Union Cabinet chaired by Prime Minister Narendra Modi today approved a hike in the minimum support price (MSP) for all mandated rabi crops for the marketing season 2023-24. The …

  • Economy

    Bangladesh’s garment exports to India are increasing

    by IN Bureau October 18, 2022
    by IN Bureau October 18, 2022

    Bangladesh exported garment products worth $764 million to India in 2021 an increase of more than 25 per cent compared to the previous year. At present about 80 per cent …

  • Economy

    India won’t rush into trade pact with UK

    by Mahua Venkatesh October 17, 2022
    by Mahua Venkatesh October 17, 2022

    India will go into a trade pact with the UK only if it is mutually beneficial. While UK in the post Brexit phase is looking to expedite the inking of …

  • Economy

    Indian Railways records sharp increase in earnings from scrap

    by IN Bureau October 17, 2022
    by IN Bureau October 17, 2022

    Indian Railways has earned Rs 2,582 crore from the sale of scrap in the first six months (April-Sept) of the current financial year. This represents a sharp increase of 28.91% …

  • Economy

    NTPC signs agreement with Mitsubishi for hydrogen co-firing at Auraiya power plant

    by IN Bureau October 17, 2022
    by IN Bureau October 17, 2022

    Public sector power giant NTPC has signed a Memorandum of Understanding (MoU) with Mitsubishi Heavy Industries, Japan and its subsidiary Mitsubishi Power India Private Limited to demonstrate the feasibility for …

  • Economy

    India to diversify oil imports as OPEC cartel aims to hike prices

    by IN Bureau October 16, 2022
    by IN Bureau October 16, 2022

    As OPEC (Organization of the Petroleum Exporting Countries) Plus members gear up to cut production from November, India is aggressively looking to diversify its oil procurement sources. The OPEC Plus …

  • Economy

    Rising terror threats come as another blow to Pakistan’s tottering economy

    by Mahua Venkatesh October 16, 2022
    by Mahua Venkatesh October 16, 2022

    The rising terror threats from Tehreek-i-Taliban Pakistan (TTP) or the Pakistani Taliban could deal a further blow to Pakistan’s already battered economy. The government has issued an alert after negotiations …

  • Economy

    Team Modi sees PM Gati Shakti as a game changer on economic front

    by Mahua Venkatesh October 16, 2022
    by Mahua Venkatesh October 16, 2022

    The multi-trillion PM Gati Shakti infrastructure programme launched exactly a year ago by Prime Minister Narendra Modi has caught the attention of several global investors especially after Apple’s decision to …

  • Economy

    PM Modi to launch 75 digital banking units today in big boost to financial inclusion

    by IN Bureau October 16, 2022
    by IN Bureau October 16, 2022

    Prime Minister Narendra Modi will launch 75 Digital Banking Units today as part of the government’s policy to boost financial inclusion. The digital banking units (DBUs) which will be launched …

  • Economy

    Broke Pakistan govt has no funds for development projects

    by Mahua Venkatesh October 14, 2022
    by Mahua Venkatesh October 14, 2022

    Pakistan’s economic crisis driven by severe cash crunch has led to a sharp reduction in government expenditure. According to data, about 10 ministries received no funds in the first quarter …

  • Economy

    India aims to step up domestic crude oil output to cut imports

    by IN Bureau October 14, 2022
    by IN Bureau October 14, 2022

    Petroleum Minister Hardeep Singh Puri said on Friday that India would be stepping up its domestic production of crude oil to  meet 25 per cent of  demand by 2030. Currently …

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