Economy

Post-Brexit UK Overtakes India To Become 4th Most Favoured Investment Destination: Report

Post-Brexit UK Overtakes India To Become 4th Most Favoured Investment Destination: Report

Reuters | Friday March 12, 2021

The top three - the United States, China and Germany - were unchanged from the previous year's PwC survey, while Britain and India swapped positions.

India Likely To Be Included In Global Bond Index By October: Report

India Likely To Be Included In Global Bond Index By October: Report

Reuters | Friday March 12, 2021

Since 2019, India has been working toward getting included in global bond indexes as rising government borrowing has necessitated opening the largely domestic bond market to a broader investor base.

Petrol, Diesel Prices Steady For Thirteenth Straight Day

Petrol, Diesel Prices Steady For Thirteenth Straight Day

Edited by Abhishek Vasudev | Friday March 12, 2021

Petrol and diesel prices were kept steady for thirteenth straight day on Friday across the four metro cities in the country.

The Winners and Losers From Surging Oil Prices

The Winners and Losers From Surging Oil Prices

Paul Wallace, Bloomberg | Thursday March 11, 2021

Oil has climbed 75 per cent since the start of November as major economies vaccinate their populations and reopen after the pandemic shut down factories and grounded planes

Rate-Hike Bets Rise In India On Fears Of Tighter Monetary Policy

Rate-Hike Bets Rise In India On Fears Of Tighter Monetary Policy

Subhadip Sircar, Bloomberg | Wednesday March 10, 2021

Rate-hike wagers are building around the world as optimism over an economic rebound is complicated by concern that inflation is quickening following an unprecedented period of rock-bottom borrowing costs

India's Retail Inflation Probably Rose In February: Poll

India's Retail Inflation Probably Rose In February: Poll

Reuters | Wednesday March 10, 2021

The March 5-9 poll of over 50 economists showed retail inflation climbed to 4.83 per cent in February from January's 4.06 per cent

Refiners Asked To Cut Reliance On Middle East Oil After OPEC+ Decision: Report

Refiners Asked To Cut Reliance On Middle East Oil After OPEC+ Decision: Report

Reuters | Tuesday March 09, 2021

Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April.

Fiscal Steps Taken By Government Led To Positive Growth: Nirmala Sitharaman

Fiscal Steps Taken By Government Led To Positive Growth: Nirmala Sitharaman

Press Trust of India | Monday March 08, 2021

The minister further said that the gradual unlocking of the economy has eased supply-side disruptions enabling inflation to decline from 7.6 per cent in October, 2020 to 4.1 per cent in January 2021.

Committee Formed For Exploring Cryptocurrency As Legal Tender: Anurag Thakur

Committee Formed For Exploring Cryptocurrency As Legal Tender: Anurag Thakur

ANI | Saturday March 06, 2021

Minister of State for Finance Anurag Thakur said that a High-Level Inter-Ministerial Committee was constituted by the government to accept cryptocurrency as a lawful and legal tender in India

India To Appeal Arbitration Ruling In $1.3 Billion Tax Dispute With Cairn

India To Appeal Arbitration Ruling In $1.3 Billion Tax Dispute With Cairn

Reuters | Friday March 05, 2021

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral Investment Treaty

Government Says OPEC+ Decision To Hit Economic Recovery

Government Says OPEC+ Decision To Hit Economic Recovery

Reuters | Friday March 05, 2021

Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country.

At $67.54 Billion, India Attracted Highest Ever FDI In First Nine Months Of A Fiscal

At $67.54 Billion, India Attracted Highest Ever FDI In First Nine Months Of A Fiscal

Edited by Nikita Prasad (With inputs from Agencies) | Thursday March 04, 2021

The total FDI amount was 22 per cent higher as compared to $ 55.14 billion received in the first ninth months of 2019-20, according to data released by the Ministry of Commerce

Government Asks OPEC+ To Fulfill Promise Of Price Stability: Oil Minister

Government Asks OPEC+ To Fulfill Promise Of Price Stability: Oil Minister

Reuters | Thursday March 04, 2021

Oil prices have recovered from last year's price crash spurred by the pandemic, helped by production cuts by the OPEC+ group.

Steel Exports To Remain Low Amid Rising Domestic Demand: Rating Agency

Steel Exports To Remain Low Amid Rising Domestic Demand: Rating Agency

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday March 03, 2021

The finished steel exports in January 2021 totaled 0.58 million tonnes, down six per cent month-on-month and 16 per cent year-on-year as producers focused more on domestic sales

Services Growth At One-Year High On Boom In Domestic Demand

Services Growth At One-Year High On Boom In Domestic Demand

Reuters | Wednesday March 03, 2021

Asia's third largest economy came out of a technical recession and expanded 0.4 per cent annually last quarter.