DDIndia Business: Economic Headlines & Updates

Business

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...

October 15, 2023 6:21 PM

Russia ready to provide world with cheap, clean energy: Matvienko in P20 summit

During the second day of the G20 Parliamentary Speakers' Summit (P20), Valentina Matvienko, the Chairwoman of the Federation Council of the Russian Federation, emphasized Russia's commitment to global energy security and its readiness to provide affo...

October 15, 2023 5:59 PM

Dubai Soars as World’s Fastest-Recovering Services Hub in 2023

Dubai, a global economic powerhouse, has proven its mettle as the world's fastest-recovering destination in the services sector, marking an impressive growth rate of 3.2% in the first half of 2023. This achievement has underpinned Dubai's standing as...

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 11, 2023 5:27 PM

Cabinet approves digital technology and youth development initiatives

India's Prime Minister has approved two initiatives: one to encourage digital technology collaboration with France, and another to support youth development in India through the 'Mera Yuva Bharat' program. The Indian Ministry of Electronics and Inf...