Economy

Index Of Industrial Production Rose 1.7% In February Driven By Mining, Power Sectors

Index Of Industrial Production Rose 1.7% In February Driven By Mining, Power Sectors

Press Trust of India | Tuesday April 12, 2022, New Delhi

The factory output or index of industrial production (IIP) rose 1.7 per cent in February, mainly on account of rise in mining sector, power generation

Cabinet May Consider Raising Fertiliser Subsidy: Report

Cabinet May Consider Raising Fertiliser Subsidy: Report

Reuters | Tuesday April 12, 2022, New Delhi

Cabinet is likely to consider raising the country's fertiliser subsidy at a meeting on Wednesday, government sources said on Tuesday.

RBI May Be Forced To Hike Rates Sooner As March Inflation Spikes To 6.95%

RBI May Be Forced To Hike Rates Sooner As March Inflation Spikes To 6.95%

Edited by Rahul Karunakar | Tuesday April 12, 2022

The Reserve Bank of India may be forced to act faster on policy tightening after data showed retail inflation spiked sharply to nearly 7 per cent in March, and the fallout of the Ukraine war pushing energy rates higher was expected to add to the already spiralling price pressures.

Retail Inflation Rises To 17-Month High Of 6.95% In March Due To Higher Food, Oil Prices

Retail Inflation Rises To 17-Month High Of 6.95% In March Due To Higher Food, Oil Prices

Edited by Animesh Singh | Tuesday April 12, 2022

India's retail inflation for March 2022 rose to 6.95 per cent from 6.07 per cent in February 2022

Electronic Goods Exports Jumped 104%, Production Rose 75% Between 2016-17 And 2020-21

Electronic Goods Exports Jumped 104%, Production Rose 75% Between 2016-17 And 2020-21

Reported by Animesh Singh | Tuesday April 12, 2022

Electronic Goods Exports: In 2016-17 India exported electronic goods worth Rs 39,980 crore, which rose by 104 per cent to Rs 81,948 crore in 2020-21

Relaxation In Pandemic Restrictions Spurred Sales By 28% In March: Retailers Body

Relaxation In Pandemic Restrictions Spurred Sales By 28% In March: Retailers Body

Press Trust of India | Tuesday April 12, 2022, New Delhi

Retail sales in March grew by 28 per cent as compared to the same month last year with the removal of pandemic-related restrictions

Retail Inflation Likely To Remain At More Than 6% Mark In March

Retail Inflation Likely To Remain At More Than 6% Mark In March

Edited by Animesh Singh | Tuesday April 12, 2022

Retail inflation is likely to surge further and could be in the range of 6.1 to 6.3 per cent in March, owing to rising crude oil and food prices

Uber Raises Trip Fares By 12% In Delhi-NCR

Uber Raises Trip Fares By 12% In Delhi-NCR

Edited by Prashun Talukdar | Tuesday April 12, 2022, New Delhi

Ride-hailing service Uber India has raised trip fares by 12 per cent in Delhi-NCR (National Capital Region) amid a recent spike in fuel rates.

India's Trade With Ukraine Surged 19% Between 2020-21 And 2021-22

India's Trade With Ukraine Surged 19% Between 2020-21 And 2021-22

Reported by Animesh Singh | Monday April 11, 2022

India's trade with war-torn Ukraine has seen a 19 per cent rise between 2020-21 and February 2021-22

Inflation Likely Sped Up To A 16-Month High In March On Spiraling Food Costs: Report

Inflation Likely Sped Up To A 16-Month High In March On Spiraling Food Costs: Report

Reuters | Monday April 11, 2022, BENGALURU

Retail inflation likely sped up to a 16-month high of 6.35 per cent in March, well above the Reserve Bank of India's upper tolerance band for a third straight month, in part due to a sustained rise in food prices, a Reuters poll found.

Tax Revenues Exceeded Budget Estimates By Rs 5 Lakh Crore In 2021-22

Tax Revenues Exceeded Budget Estimates By Rs 5 Lakh Crore In 2021-22

Reported by Himanshu Shekhar Mishra, Edited by Animesh Singh | Friday April 08, 2022

Tax revenues in 2021-22 exceeded Union Budget's estimates by Rs 5 lakh crore

Government Had No Pending Loans With RBI In Week Ending April 1

Government Had No Pending Loans With RBI In Week Ending April 1

Reuters | Friday April 08, 2022

Government had no outstanding loans with the central bank under ways and means advances in the week ended April 1

Australia Launches Update On India Economic Strategy, Energy To Be Key Focus Area

Australia Launches Update On India Economic Strategy, Energy To Be Key Focus Area

Reported by Saurabh Gupta, Edited by Animesh Singh | Friday April 08, 2022

The launch of the update comes just days after the historic Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) signed on April 2

Tax Collections Touched Rs 27.07 Lakh Crore In 2021-22: Revenue Secretary

Tax Collections Touched Rs 27.07 Lakh Crore In 2021-22: Revenue Secretary

Press Trust of India | Friday April 08, 2022, New Delhi

Tax collections touched a record high of Rs 27.07 lakh crore in 2021-22 as mop-up from income and other direct taxes as well as indirect taxes jumped

Revenue Deficit Grant Worth Rs 7,183 Crore Released To 14 States

Revenue Deficit Grant Worth Rs 7,183 Crore Released To 14 States

Press Trust of India | Friday April 08, 2022, New Delhi

Finance Ministry on Friday said it has released the first instalment of revenue deficit grant of Rs 7,183 crore to 14 states