DDIndia Business: Economic Headlines & Updates

Business

October 20, 2023 10:17 AM

India allows export of 95,000 tonnes of non-basmati rice to Nepal

The Indian government has permitted the export of 95,000 tonnes of non-basmati white rice to Nepal. Earlier there were export curbs imposed on July 20 in view of domestic demand for rice in India and only basmati Rice could be imported by Nepal fro...

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...

September 27, 2024 12:24 PM

Virtual Agents Makes their presence felt in at GITEX 2023 Dubai

GITEX GLOBAL 2023, the Middle East's most prestigious technology event, is abuzz with excitement as virtual agents steal the spotlight. With the promise of revolutionizing industries and transforming customer experiences, virtual agents are emerging ...

October 18, 2023 5:26 PM

Government approves major benefits: Dearness Allowance hike for employees and PLB for Railway workers

In a significant move, the Union Cabinet, led by Prime Minister Narendra Modi, has given the green light to raise Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners by 4%. In a separa...

October 18, 2023 4:21 PM

India extends sugar export restrictions until further orders

India has announced an extension of the export restrictions on sugar, effective beyond October 31, 2023, and until further notice, as per a notification issued by the Directorate General of Foreign Trade on Wednesday. The export limitations pertain t...

October 18, 2023 11:39 AM

IMEEC will transform the picture of new global trade, says PM Modi in GMI Summit

PM Narendra Modi on October 16, said the Silk Route of the past that accelerated the global economy, the India-Middle East Europe Economic Corridor (IMEEC) will transform the picture of new global trade. PM Modi also said India will take up several...

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 11:20 AM

Uttarakhand Chief Minister leads mission to UAE, Pitches Investment Opportunities

In a bid to promote investment in the state of Uttarakhand, the Chief Minister, Pushkar Singh Dhami, has embarked on a high-profile mission to the United Arab Emirates as part of the 'Invest in Uttarakhand' campaign. The Chief Minister's visit aims t...

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...