Economy

During the April-August period this fiscal, the country's exports recorded a growth of 16.13 per cent, while imports grew by 17.34 per cent.

On Thursday, banks were allowed to dip further into statutory reserves to help them meet their liquidity ratio requirement, a step that would boost cash available for lending.

The government on Wednesday raised import taxes on $12 billion of goods, from jewelry to footwear, as it sought to pare the current-account deficit from a five-year high. Electronic goods and gold are among India's biggest imports after oil and the rupee's slide to Asia's worst-performing currency has worsened the nation's finances as economic growth picks up.

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 52.2 in September from 51.7 in August.

The drop in rainfall could lift food prices and stoke inflation, which is expected to harden in coming months because of rising fuel prices.

Economic Affairs Secretary S C Garg announces reduction in gross borrowing estimate for the current fiscal by Rs 70,000 crore and maintains that the government will contain fiscal deficit target at 3.3 per cent.

The Taj Mansingh was given to the Tata group in 1978 on a 33-year lease, which ended in 2011.

GST Council decides to set up a seven-member Group of Ministers to suggest on cess demand for Kerala flood rehabilitation.

India's main services index expanded in August at the slowest pace in three months as both new orders as well as hiring slowed.

IL&FS Group is a vast conglomerate with a complex corporate structure that funds infrastructure projects across world's fastest-growing major economy.

The WTO forecast world trade in goods would grow by 3.9 per cent this year, less than the 4.4 per cent it forecast in April. Next year trade growth of 3.7 per cent is expected, a cut from the WTO's previous forecast of 4.0 per cent.

A finance ministry source said taxing imported fuel is unlikely to increase prices and only two domestic airlines currently import some jet fuel.

Most of the improvement in the current account between 2013 and 2017 was due to falling oil and gold prices.

Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 per cent to 2.25 per cent. The US central bank still foresees another rate hike in December, three more next year, and one increase in 2020.

The government on Wednesday announced hike in import duty on 19 items, with an aim to curb "non-essential imports" and narrow the current account deficit.