Page 46 - Economy

NITI Aayog to rank states on measures taken to increase farmers' income

The NITI Aayog is working on this project with other stakeholder ministries and has developed several indices to rank states annually on measurable parameters

Explained: Google-CCI saga and Competition Commission's shortcomings

With Google alleging that CCI copy-pasted an order passed by European Union's General Court, gaps in manpower and capacity at CCI have surfaced

Prez Xi warns China officials to avoid 'collusion' with big business

He also warned against "any infiltration of capital into politics that undermines the political ecosystem or the environment for economic development"

Rupee at 1-month high; US data spurs bets of slower Fed rate hikes

RBI moves push up forward premia; reduce hurdles for currency

India, Bangladesh unlikely to cut subsidy bill as elections near: Moody's

Average fiscal deficit to be 4% of GDP in 2023, says agency's Sovereigns--Asia-Pacific report

Bank customers scramble to renew agreement as new locker rules kick in

People have also complained about the divergence in the value of the stamp paper required for agreement renewal

Philippines rushes to import onions as prices touch nearly Rs 1,000 per kg

The Philippines' agriculture department is planning to import 22,000 tons of onions to boost domestic supply as surging prices of the cooking ingredient push inflation to a 14-year high

Urgent action needed to dilute risk of downturn, says World Bank

Even without another crisis, global growth this year "is expected to decelerate sharply" the World Bank said

Price stability top priority for South Asia: RBI governor Shaktikanta Das

'Approach to disinflation' needs to consider risks to growth outlook, says Shaktikanta Das

Italy's inflation reaches 37-yr high in 2022, rises to 8.1% y-o-y

The 8.1 per cent annual inflation rate includes data from the early part of the year when inflation was still low

Ukraine under largest economic slump post-independence, war 'accountable'

In the ongoing conflict between Ukraine and Russia which has resulted in widespread devastation of life and property, Ukraine has suffered its sharpest economic decline in over 30 years in 2022

Ukraine's economy fell 30.4% in 2022, largest annual drop in 30 years

Preliminary economy ministry data on Thursday showed a 30.4 per cent drop in gross domestic product last year and economic analysts said risks and uncertainty remain high

Chennai, Southern cities top in terms of women employment: Report

Six cities from the region rank among the Top 10 in terms of women's employment

Singapore's retail sales grew 6.2% year-on-year in November 2022

DOS of Singapore announced that the country's retail sales grew by 6.2 per cent year on year in November 2022, following the about 10.3 per cent year-on-year increase recorded in the previous month

Sri Lankan economy to recover in second half of 2023: Central bank

The central bank said that structural economic impediments that existed across various spheres of the economy over decades were compounded by economic shocks, along with ill-timed policy choices

Govt cautions against private surveys on unemployment, alleges bias

Labour ministry's response comes after private group's data showed India's unemployment rose to a 16-month high of 8.3 per cent in Dec

Amazon secures $8 bn in term loan to safeguard against economic headwinds

Amazon has frozen hiring for corporate roles in its retail business

Best of BS Opinion: Searching for growth, beyond civil society, and more

Here is the best of Business Standard's opinion pieces for today

Gross budgetary allocation for Railways to go up by 29% in Budget: Report

The total capital expenditure (capex) of the railway ministry is expected to jump 20 per cent to Rs 3 trillion in FY24

Petrol, diesel sales surge in Dec as economy picks up momentum, shows data

India's petrol and diesel demand soared in December as increased consumption in agriculture sector helped build on the momentum generated by the festive season, preliminary industry data showed on Sunday. Petrol sales soared 8.6 per cent to 2.76 million tonnes in December, as compared to 2.54 million tonnes of consumption in the same month last year. Sales were 13.3 per cent higher than in COVID-marred December 2020 and 23.2 per cent more than in pre-pandemic December 2019. Month-on-month, the demand was up 3.7 per cent on the high base festive season created since October. Diesel, the most used fuel in the country, posted a 13 per cent rise in sales in December to 7.3 million tonnes, as compared to the same month last year. Consumption was up 14.8 per cent over December 2020 and 11.3 per cent higher than pre-COVID 2019. Diesel sales, however, dipped marginally by 0.5 per cent when compared with November 2022. Petrol and diesel sales were the highest since June. Industry source