Economy

Wheat Exports Rose By 54.50% In 2021-22, Government Says Ready To Meet Global Needs

Wheat Exports Rose By 54.50% In 2021-22, Government Says Ready To Meet Global Needs

Reported by Himanshu Shekhar Mishra, Edited by Animesh Singh | Friday April 15, 2022

Country's wheat exports reached an all-time high of Rs 15,428 crore in value terms in 2021-22 according to Agriculture Ministry data

As Russia-Ukraine War Rages On, Egypt Seeks Wheat Supplies From India

As Russia-Ukraine War Rages On, Egypt Seeks Wheat Supplies From India

Reported by Himanshu Shekhar Mishra, Edited by Animesh Singh | Friday April 15, 2022

Commerce Minister Piyush Goyal on Friday informed that Egypt has approved India as wheat supplier

Private Sector Capex Investment Rose Up To 150% In 2021-22: Goldman Sachs

Private Sector Capex Investment Rose Up To 150% In 2021-22: Goldman Sachs

Edited by Animesh Singh | Thursday April 14, 2022

Capital expenditure (capex) investments announced by the private sector witnessed a 145 to 150 per cent increase in 2021-22

Record Tax Collections Signify Economic Recovery, To Boost Growth: Government

Record Tax Collections Signify Economic Recovery, To Boost Growth: Government

Edited by Animesh Singh | Thursday April 14, 2022

Official sources say that the growth revenue collections has also boosted country's tax-GDP ratio for 2021-22 to 11.7 per cent

To Boost Textile Industry, Government Waives Customs Duty On Cotton Imports Till September 30

To Boost Textile Industry, Government Waives Customs Duty On Cotton Imports Till September 30

Press Trust of India | Thursday April 14, 2022, New Delhi

Finance Ministry on Wednesday waived customs duty on cotton imports till September 30, a move which will benefit the textile industry

India-European Union Trade Agreement Talks To Resume In June

India-European Union Trade Agreement Talks To Resume In June

Press Trust of India | Thursday April 14, 2022, New Delhi

India and the 27-nation European Union (EU) will restart negotiations for their long-pending free trade agreement from June

India-China Trade Rose 15% In First Quarter Of 2022 Despite Freeze In Ties

India-China Trade Rose 15% In First Quarter Of 2022 Despite Freeze In Ties

Press Trust of India | Thursday April 14, 2022, Beijing

During the three-month period from January to March, China's exports to India zoomed to $27.1 billion

No Official Talks On Rupee-Rouble Payments, Says Commerce Secretary

No Official Talks On Rupee-Rouble Payments, Says Commerce Secretary

Reported by Himanshu Shekhar Mishra, Edited by Animesh Singh | Wednesday April 13, 2022

Commerce Secretary B V R Subrahmanyam on Wednesday denied that any official negotiations are going on with Russia over Rupee-Rouble payment

State Bank Of India Says RBI May Raise Repo Rate In June

State Bank Of India Says RBI May Raise Repo Rate In June

Press Trust of India | Wednesday April 13, 2022, Mumbai

Repo rate is likely to be hiked by at least 25 basis points in June, State Bank of India's Ecowrap report said

World Bank Slashes India, South Asia's Economic Growth Forecast Over Ukraine Crisis

World Bank Slashes India, South Asia's Economic Growth Forecast Over Ukraine Crisis

Reuters | Wednesday April 13, 2022

World Bank cut its economic growth forecast for India and South Asia citing worsening supply bottlenecks, rising inflation risks due to Ukraine crisis

Cabinet Approves Policy To Make Non-Minable Land Economically Viable

Cabinet Approves Policy To Make Non-Minable Land Economically Viable

Reported by Himanshu Shekhar Mishra, Edited by Animesh Singh | Wednesday April 13, 2022

Union Cabinet on Wednesday approved a policy for use of land acquired under the Coal Bearing Areas (Acquisition & Development) Act, 1957

Soaring Global Inflation Does Not Fully Reflect Ukraine War's Impact Yet

Soaring Global Inflation Does Not Fully Reflect Ukraine War's Impact Yet

Edited by Rahul Karunakar | Wednesday April 13, 2022

Inflation has surged sharply in March, according to the latest data from India, the United Kingdom and the United States, but that does not reflect the full impact of the ongoing Russia-Ukraine war, suggesting that the risks are skewed more to the upside for price pressures globally.

India's Exports Stood At $63.99 Billion In March, Up 14.15%

India's Exports Stood At $63.99 Billion In March, Up 14.15%

Reported by Himanshu Shekhar Mishra, Edited by Animesh Singh | Wednesday April 13, 2022

Indias overall exports inclusive of merchandise and services sectors in March 2022 is estimated to be $63.99 billion

India's Trade Deficit Touched $18.51 Billion In March

India's Trade Deficit Touched $18.51 Billion In March

Reuters | Wednesday April 13, 2022, NEW DELHI

India's merchandise trade deficit in March touched $18.51 billion

TRAI Chief Says Spectrum Prices Are Based On Scientific Calculation

TRAI Chief Says Spectrum Prices Are Based On Scientific Calculation

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

TRAI Chairman P D Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational