Page 1401 - Economy & Policy News

Retail inflation jumps to 6-month high of 6.3% on higher food, fuel prices

Breaches RBI's comfort level in May on the back of costlier food items

High inflation due to daily rise in fuel prices, says Chidambaram

His comments came on a day when retail inflation rose to 6.3 per cent in May, breaching the RBI's comfort level, on the back of costlier food items.

May retail inflation at 6-month high of 6.3% on higher food, fuel prices

Inflation, based on Consumer Price Index (CPI), has breached the Reserve Bank of India's (RBI) target range after five months.

GST Council has turned majoritarian, decisions not by consensus: Amit Mitra

Decisions were no longer taken on the basis of a consensus as originally envisaged: Mitra

Covid second wave to result in 25% reduced cement offtake in Q1FY22: ICRA

With most states imposing lockdowns due to the spread of Covid-19 infections to rural regions,

India May palm oil imports nearly doubles, soyoil jumps - trade body

India's sunflower oil imports rose 31% to 175,759 tonnes in May, it added.

India's live commerce industry to reach $4-5 billion by 2025: report

This is being driven by beauty and personal care areas

WPI inflation hits record high of 12.94% in May on costlier fuel

The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods

India's, Brazil's Q1 GDP data suggest strong post-pandemic rebound: Moody's

India's and Brazil's first-quarter 2021 real GDP data show a strong rebound in both economies following a contraction last year of 4.4% in Brazil and 7.1% in India, Moody's Investors Service said

Indian monetary policy makers seen tolerating high inflation for growth

Data later today might show wholesale prices grew 13.3%, the highest rate in three decades, it's unlikely just yet to fully feed into consumer prices.

Statsguru: 6 charts show how Indian universities fare in global rankings

A key issue has been the number of foreign students, which has a bearing on the ranking of universities globally

Centre opens cash tap for Uttar Pradesh: Rs 10K crore under Jal Jeevan

Biggest allocation to any state, despite two successive years of unused purse

How a tweak in IMD's forecasts will help India prepare better for monsoon

IMD's month-wise LRF is particularly useful given the increasing unpredictability of rainfall due to climate change or even usual changes in weather patterns

Banks' pricing of micro-finance loans may soon be linked to MCLR

85% qualifying asset rule for MFIs may be tweaked to assist diversification

Direct tax mop-up zooms 85% in spite of economic disruption due to Covid-19

Trend in contrast to moderation in GST collections last month

Edelweiss Financial plans to slash wholesale book by half to Rs 5,900 crore

Edelweiss has pegged inflows of Rs 3,700 crore in the current financial year (2021-22) and Rs 3,800 crore in FY23.

Electrifying game: Private power producers turn up investment cycle

Tata Power, for instance, has reduced its consolidated net debt by Rs 11,400 crore in the last three years to Rs 36,559 crore as on March 31, 2021

Govt invites tender for delivery of Covid jabs by drones to far flung areas

DGCA is set to start trial of beyond visual sight operation by drone next week

Ministry of Defence allocates Rs 500 cr for designing innovative products

The iDEX initiative was launched by Prime Minister Narendra Modi in April 2018, with the aim of fostering innovation and technology development in defence and aerospace

Railways' earnings from platform ticket sales take a severe hit, dip by 94%

The railways' earnings from platform tickets took a severe hit in FY 21 with revenue from sale dipping by about 94 per cent as compared to the previous year due to coronavirus crisis, a RTI has found