Page 1127 - Economy & Policy News

Russia-Ukraine crisis: FM Sitharaman worried over impact on exporters

The finance minister also raised concerns over the impact on the farm sector as it also forms a considerable share of exports to Russia and Ukraine

Centre's April-January fiscal deficit touches 58.9% of full-year target

Revenue expenditure was Rs 23.68 trillion, or 74.7% of RE compared with 71.6%

India's core sector growth moderates to 3.7% in January: Govt data

Crude oil production contracted 2.4 per cent in January, the pace which is the highest in six months

Farm sector projected to grow at 2.6% in Q3FY22, down from 4.1% a year ago

This is despite a bumper kharif harvest, and is largely due to the effect of a higher base

Russia-Ukraine war may throw up export opportunities for Indian metal firms

Russia & Europe account for 10% of global primary aluminium supply. Russia is also the second largest steel exporter. With war threatening supply, exporting nations like India may step in to plug gaps

Household consumption up; below pre-Covid level: FY22 GDP estimates

The NSO also released the GDP data for October-December (Q3) of FY22

Economic growth slows to 5.4% in Dec qtr; manufacturing, construction hit

Full-year forecast revised lower to 8.9%

India among countries that will be most 'economically harmed': IPCC report

Report says India will face extreme weathers, water scarcity, health hazards, threat to food security

Recovery tracker: Work attendance at record high as offices open full-swing

Electricity generation rises, more passengers on flights

Gati-Shakti to improve infra efficiency, reduce logistics costs: PM Modi

"Even today, logistics cost is considered to be 13-14 per cent of India's gross domestic product, which is higher than other countries," Modi said.

Covid-19 pandemic waves slow down FY22 highway construction in India

With localised lockdowns and restrictions on mobility, highway construction growth in the country has now fallen to a five-year low

Railways needs to be more transparent and scientific in its forecasting

It has been projecting the same no. of travellers for all classes though it has never breached those targets

Sales of manufacturing companies grow 27.3% in December quarter: RBI data

Maintaining their growth momentum, information technology companies recorded 20.7 per cent increase (y-o-y) in sales during the third quarter of 2021-22

PM Gati Shakti to transform infrastructure & logistics: Hardeep Sigh Puri

Puri said that he was happy that his ministry was the coordinating agency for this meeting which was aimed to integrate infrastructural planning and development

Delhi excise dept orders liquor shops to stop offering discounts

The excise commissioner of Delhi directed liquor shops in the city to stop offering discounts and rebates on alcohol brands

Rupee recovers losses to end flat at 75.33 on signs of Russia-Ukraine talks

The Russian currency ruble tanked about 30 per cent against the US dollar on Monday after Western nations imposed stricter sanctions on Russia

Average borrowing cost for states up 54 bps so far this fiscal year

Since the beginning of the current fiscal year, states' average cost of borrowings has risen by 54 basis points to 7.11 per cent, even as it fell from the peak of 7.26 per cent two weeks ago.

India's GDP growth slows to 5.4% in Q3, estimated to rise 8.9% in FY22

In the current fiscal, GDP growth stood at 20.3% in April-June quarter and 8.5% in July-September period

Rs 2.37-trn Budget presented in Bihar; education, health get top priority

Amid uproar in the Bihar Vidhan Sabha, deputy chief minister Tar Kishore Prasad, who also holds charge of the finance portfolio, presented the annual state budget on Monday afternoon.

FY22 GDP estimates: Economic growth weighed down by mfg, construction

While an adverse base was expected to flatten growth in the quarter from 8.5% in Q2FY22, NSO's initial estimates are sorely below our expectation of a 6.2% YoY expansion in that quarter