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Economy

October 31, 2023 12:50 PM

Onion prices dip after Centre imposes export curbs

Onion prices in Maharashtra declined after the imposition of export restrictions by the central government, which set a minimum export price (MEP) of $800 last Saturday. A recent supply shortage triggered by an inadequate monsoon has pushed up onion...

October 25, 2023 12:27 PM

India set to be world’s third-largest economy by 2030: S&P Global

India, the world's fifth largest economy, is likely to overtake Japan to become the world's third-largest economy with a gross domestic product (GDP) of $7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of Purchasin...

October 23, 2023 1:59 PM

RBI revises ‘Too Big to Fail’ classification for NBFCs

In the aftermath of the recent financial crisis, the issue of "too big to fail" (TBTF) has taken center stage in the ongoing debate on financial regulatory reform. This issue has been particularly prominent in developed economies such as the United S...

October 20, 2023 12:05 PM

India secure over 10 lakh crores investments in GMIS 2023

India has secured over 10 lakh crore investments within three days in Global Maritime India Summit (GMIS) 2023. Maritime Amritkaal Vision 2047 was also unveiled at this event. GMIS 2023 is a flagship event aimed at propelling the Indian mari...

October 18, 2023 5:45 PM

Cabinet approves Green Energy Corridor phase-II: A giant leap for Renewable Energy in Ladakh

The Cabinet Committee on Economic Affairs, led by PM Modi, has approved the Green Energy Corridor (GEC) Phase-II – Inter-State Transmission System (ISTS) for a 13 GW Renewable Energy Project in Ladakh. This decision marks a significant step towar...

October 17, 2023 8:57 PM

India records deflation in Wholesale Prices for September 2023, Signaling mixed impacts on Consumers and the Economy

India has witnessed deflation in the Wholesale Price Index (WPI) for September 2023. The provisional data reveals a contraction of 0.26% compared to September 2022, marking a slight improvement from the 0.52% deflation recorded in August 2023. The W...

October 17, 2023 11:06 AM

India’s persistent wholesale deflation: Unveiling the causes and implications

In a concerning trend, India has been grappling with wholesale deflation for the past six months. The Wholesale Price Index (WPI) witnessed its sixth consecutive month of contraction in September, with inflation remaining in the negative territory ...

October 17, 2023 9:59 AM

India-Bangladesh trade through Burimari and Hili land ports will remain suspended during Durgapuja

Export and import between India and Bangladesh through Burimari land port of Lalmonirhat district will remain suspended for eight days from October 21 for Durga Puja, the biggest religious festival of the Hindus. Sayeduzzaman Sayed, president of Bur...

October 13, 2023 11:46 AM

Bangladesh won’t join any major global initiative before next polls: Foreign Minister

Bangladesh Foreign Minister Dr AK Abdul Momen has said that his country will not join any major global initiative before the next national election. He made the remarks when a reporter wanted to know whether Bangladesh will join the Regional Compreh...

October 15, 2023 8:53 AM

Claudia Goldin explains why pay gaps exist between men & women, earning her Nobel Prize

This year, the Nobel Economics Prize has been awarded to Claudia Goldin, a professor at Harvard University for having advanced the understanding of women's labor market outcomes. She is the third woman to have received the most prestigious award glob...

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