Page 421 - Economy

Israel outweighs Iran in trade with India since 2019, shows data

India's exports to Iran dropped to $1.2 billion as of December 2023, on a rolling 4-quarter basis. India's exports to Israel grew to $6.1 billion in the same period

Centre in a huddle to understand impact of the Iran-Israel tensions

Inter-ministerial meets, stakeholder talks take off

India's exports shrink 3% in FY24 but tide is turning, says govt

India's trade deficit at 11-month low in March

Govt raises windfall tax on petroleum crude to Rs 9,600 per MT from Apr 16

The tax, which is revised every fortnight, will remain unchanged at zero for diesel and aviation turbine fuel

Rupee settles at record closing low amidst escalating tensions in West Asia

However, Indian rupee on Monday performed better than the majority of the Asian currencies

Govt collects Rs 27k cr in taxes from sr citizens on FD interest: SBI

According to the report by SBI researchers, the total amount of deposits has risen by 143 per cent in the last five years to Rs 34 lakh crore at the end of FY24 from Rs 14 lakh crore

India may remain poor even after becoming 3rd largest economy: Ex-RBI chief

PM Modi said that if he returns to office, India will become the third-largest economy before 2029, before the end of his third term

Engineering exports edge up to $109 bn despite geo-political tensions

India's engineering exports are competitive globally and expected to gain further market share in the coming years, with the country entering into more FTAs, it added

BJP manifesto to maintain fiscal prudence, make India 3rd largest economy

The government has set a fiscal deficit target of 5.1 per cent for FY25 to stick to the glide path set in 2021-22. It aims to trim the fiscal deficit to 4.5 per cent by FY26

BJP promises to double Mudra loan limit to Rs 20 lakh in its poll manifesto

Over 460 million loans worth Rs 27 trillion have been given so far under the yojana

Merchandise trade deficit in March stands at $15.6 billion, shows data

According to commerce ministry data released on Monday, the imports during 2023-24 stood at 677.24 billion, down 5.41 per cent from $715.97 billion in the preceding year

Wholesale prices rise in March by 0.53% from a year, shows govt data

WPI for potato witnessed a jump of 52.96 per cent against a deflation of 25.59 per cent, while for onion 56.99 per cent as compared to (-) 36.83 per cent in March 2023

Fuelling tensions: West Asian conflict reveals India's oil vulnerability

Iran attacked Israel after an airstrike by Jerusalem on April 1 on an Iranian embassy compound in Damascus killed an Iranian general and six officers

ETCD directives don't go well with RBI's stellar reputation

The RBI move goes against the trend of allowing more flexibility and therefore, retrograde

States fiscal deficits for FY24 likely to be close to 3.1% of GDP: Citi

The report suggests grants from Centre to states have been falling due to no GST compensation funds and lower finance commission grants

March retail inflation eases to 10-mth low of 4.85%; IIP grows 5.7% in Feb

But remains well above RBI's 4 per cent target

Wages to workers: MGNREGA's fluctuating fate during Modi government

The rural employment scheme's nature and the objective had come in for strong criticism and plans were afoot to change its characteristics, according to civil society activists

Rupee, government bonds weaken post higher-than-expected March US CPI

The 10-year govt bond yield surged 7 bps to its highest level in over two months tracking the rise in US Treasury yields

Inflation down in key peers: Here's how some Brics countries fare

Among Brics countries, Brazil, China, and India have shown a decline compared to the previous month and Russia has seen an uptick

Election season may hit govt capital expenditure spending, FDI inflows

In case of FDI, the total FDI inflows was over $50 billion in FY20 and its share during the election months of April-May 2019 turned out to be 18.1 per cent