Economy

Inflation likely to be a big focus area for budget 2024, say sources

Retail inflation in India jumped in November and peaked three months later at 5.55 per cent, according to statistics released on December 12 by the National Statistics Office (NSO)

Shift to cashless economy: Demonetisation has indeed boosted digital payments but let’s not over-hype it

There are tasks ahead in India’s digital journey. Mobile connectivity and seamless internet availability remain a problem in rural India

Spot the difference: NITI Aayog looks quite like the Planning Commission

The new set-up is unlikely to bring about a major difference on the ground in development planning and implementation of developmental policies

Explained: Will the Bank of Japan break tradition and raise interest rates?

Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1 per cent even as the yen sinks to three-decade lows against the dollar

UK enters recession, central bank admits

Bank of England’s Monetary Policy Committee released minutes of its meetings, which most recently included a warning about the UK economy entering or possibly even already being in a recession. Read more.

Explained: How the rising US dollar can affect everyone

The dollar is near its highest level in more than two decades against major currencies, including the euro and Japanese yen. Many professional investors don't expect it to ease off anytime soon

Geithner to visit India next month to expand economic ties

US Treasury Secretary Timothy Geithner would travel to India early next month for the third round of high-level economic dialogue between the two countries.

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Latest Economy News

Pranab sees revival on the back of 'strong fundamentals' ?

Mukherjee said that despite the impact of euro-zone debt crisis on the economy, "India has continued to be a front runner in terms of economic growth in the region, which underlines the resilience of the Indian economy."

EGoM decision on pricing and refarming of spectrum? today

Meanwhile GSM operators have asked the government to take an independent look at Trai's and the industry's views on spectrum auction

Kelkar Panel to present fiscal consolidation report?

Reflecting a sense of urgency for disciplining government finances, an expert panel headed by former finance commission chairman Vijay Kelkar on Monday submitted its report to finance minister P Chidambaram.

At 8.5 percent, unemployment rate falls to pre-lockdown levels, suggests CMIE data; rural employment likely to see 'bigger gains' in coming months

India’s unemployment rate reduced to pre-lockdown levels at 8.5 percent during the week that ended on 21 June, Centre for Monitoring Indian Economy (CMIE) said.

SEBI comes out with operational framework for transactions in defaulted debt securities, to be implemented from 1 July onwards

Markets regulator SEBI allowed transactions in defaulted debt securities and put in place operational framework for such transactions

In a first, diesel becomes costlier than petrol in Delhi at Rs 79.88 per litre; prices hiked for 18 consecutive days

Diesel price for the first time ever crossed the rate of petrol in the national capital on Wednesday when prices were raised for a record 18th day in a row

Is China the new World Bank?

China's growing role in countries around the world provides ample opportunity to reconstruct the landscape of economic aid and financing. But reaching that goal requires a plan, and China must play its part in formulating it.

WEF: India needs to focus on innovation, infrastructure & inclusive growth, says Telangana's IT Minister

India is one of the most compelling business stories, the world has come to start believing in and the world has come to start looking at it in the right light.

Rupee pares losses, settles 5 paise higher at 70.82 ahead of much-anticipated US-China trade deal

The rupee pared its early losses to settle 5 paise higher at 70.82 against the US dollar on Wednesday, ahead of the signing of phase 1 trade agreement between the US and China

Sensex jumps over 340 points to hit record intra-day high of 40,816.38, Nifty above 12,000-mark; Reliance Industries jumps 4%

At 10.30 AM, the Sensex soared 302.90 points or 0.75 percent up at 40,772.60-intra day high

RBI Monetary Policy Updates: Efforts on to ensure another large NBFC does not default, says governor Shaktikanta Das

RBI MPC LATEST Updates: RBI governor Shaktikanta Das has said that efforts are on to ensure that another large non-banking finance company (NBFC) does not default.

India's August gold imports plunge 73% to hit three-year low on record high prices, hike in duty

India’s gold imports in August plunged 73 percent from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import duty curtailed retail purchases of the precious metal

Kaushik Basu in fray for RBI chief post too, decision unlikely before Aug meet

Two government sources with direct knowledge of the matter also said Kaushik Basu, who is stepping down as the World Bank's chief economist, had made it onto a shortlist of candidates to take over when Rajan's term expires on Sept. 4.

Cyclone Fani: Reliance Foundation lends hand for relief work in Odisha and Andhra Pradesh

Reliance Foundation on Thursday said it is helping the governments of Odisha and Andhra Pradesh in carrying out relief work in the aftermath of cyclone Fani

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