Economy

Merchandise Export Rose 24% In April To $38.19 Billion, Trade Deficit Widens

Merchandise Export Rose 24% In April To $38.19 Billion, Trade Deficit Widens

Press Trust of India | Tuesday May 03, 2022

Trade deficit during the month under review widened to $20.07 billion as against $15.29 billion recorded during the corresponding period of last year

India's Total Coal Production Reached 661.54 Lakh Tonnes In April

India's Total Coal Production Reached 661.54 Lakh Tonnes In April

Edited by Animesh Singh | Tuesday May 03, 2022

Coal India Limited, the country's largest dry fuel producer, achieved highest production of 534.7 lakh tonnes in April 2022

Amid Power Crisis, Government Sets June-End Deadline For Coal Imports

Amid Power Crisis, Government Sets June-End Deadline For Coal Imports

Reuters | Tuesday May 03, 2022, NEW DELHI

States and private companies "must import" coal and "ensure continuous power supply in the respective states", the Power Ministry letter read

Government's Tax Devolution May Exceed Budget Estimate In Current Fiscal: Report

Government's Tax Devolution May Exceed Budget Estimate In Current Fiscal: Report

Press Trust of India | Tuesday May 03, 2022, Mumbai

The central tax devolution is likely to rise to Rs 9.3 lakh crore in 2022-23 from Rs 8.8 lakh crore in 2021-22

Government Says Fertiliser Subsidy May Rise To Rs 2.5 Lakh Crore In 2022-23

Government Says Fertiliser Subsidy May Rise To Rs 2.5 Lakh Crore In 2022-23

Press Trust of India | Tuesday May 03, 2022, New Delhi

Government has said that fertiliser subsidy for this fiscal might increase to around Rs 2.5 lakh crore

Coal India's Supplies To Power Sector Saw 16% Rise In April

Coal India's Supplies To Power Sector Saw 16% Rise In April

Press Trust of India | Monday May 02, 2022, New Delhi

Coal India Limited said supply to the power sector rose 15.6 per cent to 49.7 million tonnes last month in the wake of high demand from power plants

India's Electricity Demand Touches Record High In April

India's Electricity Demand Touches Record High In April

Reuters | Monday May 02, 2022, New Delhi

India's electricity demand touched a record high in April as its northern states reeled under the hottest pre-summer months in decades, with a surge in the use of air conditioning triggering the worst power crisis in more than six years.

Amid Speculations On RBI's Rate Hike, Money Managers Look For Safer Bets

Amid Speculations On RBI's Rate Hike, Money Managers Look For Safer Bets

Subhadip Sircar, Nupur Acharya and Divya Patil | Monday May 02, 2022

A hawkish pivot by the RBI has money managers scurrying to find safer bets while bracing for potentially the steepest rate hikes in Asia

Factory Growth Picks Up In April Amid High Inflation: Survey

Factory Growth Picks Up In April Amid High Inflation: Survey

Reuters | Monday May 02, 2022, Bengaluru

Factory activity in India picked up last month, bolstered by a solid increase in demand as pandemic restrictions were eased, but rising energy prices pushed input costs to a five-month high, a private survey showed.

India's Unemployment Rate Rises To 7.83% In April: Report

India's Unemployment Rate Rises To 7.83% In April: Report

Reuters | Monday May 02, 2022, New Delhi

India's unemployment rate rose to 7.83% in April from 7.60% in March, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday.

GST Revenues Surge To All-Time High Of Rs 1.68 Lakh Crore In April

GST Revenues Surge To All-Time High Of Rs 1.68 Lakh Crore In April

Press Trust of India | Sunday May 01, 2022, New Delhi

Goods and service tax (GST) revenues in April touched the highest ever level of about Rs 1.68 lakh crore, up 20 per cent from the year-ago period

Foreign Investors Withdrew Rs 17,144 Crore From Equities In April

Foreign Investors Withdrew Rs 17,144 Crore From Equities In April

Press Trust of India | Sunday May 01, 2022, New Delhi

Continuing its selling spree for the seventh consecutive month, foreign investors have pulled out Rs 17,144 crore from the equity market in April

Indian Economy May Take 12 Years To Overcome Covid Losses: RBI

Indian Economy May Take 12 Years To Overcome Covid Losses: RBI

Asian News International | Friday April 29, 2022, Mumbai (Maharashtra)

The Indian economy is likely to take over 12 years to overcome the COVID-19 losses, according to a report released by the Reserve Bank of India

LIC Chairman Says IPO Price Attractive, Has Growth Potential

LIC Chairman Says IPO Price Attractive, Has Growth Potential

Press Trust of India | Friday April 29, 2022, New Delhi

LIC IPO pricing is very attractive and investors can look forward to returns in the years to come, chairman M R Kumar said

Government, SEBI To Decide On Relaxing LIC's Minimum Public Holding Norm

Government, SEBI To Decide On Relaxing LIC's Minimum Public Holding Norm

Press Trust of India | Friday April 29, 2022, New Delhi

The Finance Ministry will discuss with market regulator SEBI to exempt LIC from the minimum public shareholding norm