#indianeconomy
Latest Indian Economy News
Stay up to date Latest News On Foreign Exchanges and The Indian Economy On Trade Brains News. Follow us on Google News to read Top Stock Market News!
Rupee slips 12 paise to 75.03 per US dollar
Mumbai, Dec 2 (PTI) The rupee on Thursday slipped 12 paise to close at 75.03 against the US dollar, weighed by uncertainties over the Omicron variant of the coronavirus. At the interbank foreign exchange market, the local currency opened at 75.06 and witnessed an intra-day high of 74.90 and a low of 75.07 against the [...]
Top Latest News on Indian Economy
India initiates anti-dumping probe against imports of optical fibre from China, Indonesia, Korea
India has initiated an anti-dumping probe against imports of a certain type of optical fibre from China, Indonesia and South Korea following a complaint by a domestic player. The duty is aimed at protecting domestic industry from cheap imports. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping [...]
EV fire incidents: Niti Aayog member says imported cells ‘may not be’ suitable for Indian conditions
Amid multiple incidents of electric vehicles catching fire, Niti Aayog Member and eminent scientist V K Saraswat has said that battery cells imported for electric vehicles "may not be" suitable for the country's conditions and emphasised the need for locally manufacturing the cells. His comments also come against the backdrop of authorities probing such incidents [...]
Ind-Ra revises up commercial realty outlook for FY23
Domestic ratings agency India Ratings on Monday revised up its outlook on the commercial realty for FY23, saying the full resumption in the economic activities can revive demand for the sector. The outlook has been raised to "improving" for FY23, from "neutral" in FY22, anticipating an improvement in performance, the agency said. It said the [...]
SC stays proceedings before HCs in matters involving challenges to IT Rules
The Supreme Court Monday stayed further proceedings before the high courts in matters involving challenges to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 or Cable TV Networks (Amendment) Rules 2021. A bench of Justices A M Khanwilkar and A S Oka passed the order while hearing a batch of petitions, [...]
Steel prices may fall to Rs 60,000/tonne by March: Report
Steel prices, which have been on a song for the past two years, are finally set to correct on weak seasonality, and may trade at around Rs 60,000/tonne by the end of the current fiscal year, down from the Rs 76,000/tonne peak it scaled last month, says a report. Prices are still holding high because [...]
Lanka crisis: PM Mahinda urges people to exercise restraint; says violence only begets violence
Sri Lankan Prime Minister Mahinda Rajapaksa on Monday appealed to the people to exercise restraint and remember that violence only begets violence, saying the economic crisis needs an economic solution which his government is committed to resolving. His statement came amidst violence in the country in which at least 16 people were injured as supporters [...]
Bangladesh extends currency swap facility to boost Sri Lanka’s depleting foreign reserves
In a friendly gesture, Bangladesh has extended the term of the USD 200 million loans given to cash-strapped Sri Lanka under a currency swap deal by one more year to boost the island-nation's depleting foreign reserves. In May 2021, Bangladesh cleared a USD 200 million currency swap facility for Sri Lanka, to help boost its [...]
Foreign funds’ ownership in domestic equities falls to 19.5%, lowest since Mar ’19
Foreign funds' ownership in domestic equities fell to pre-COVID lows and hit a multi-year low of 19.5 per cent in March this year in NSE500 companies valued at USD 619 billion, shows an analysis. At 19.5 per cent the FPI ownership in March 2022, is the lowest in the past three years, when it was [...]
Centre convenes meeting to discuss cap on raw jute price: Sources
Kolkata, May 8 (PTI) The Union Textile Ministry has convened a meeting on Monday in New Delhi to discuss the price capping of raw jute, where officials of the West Bengal Labour Department, the Indian Jute Mills Association as well as the Jute Commissioner would be present, industry sources said.The development comes after BJP MP [...]
Haryana attracted investment of Rs 28,000 cr past year: Dushyant Chautala
Chandigarh, May 8 (PTI) Asserting that the state offers a congenial environment for businesses to flourish, Haryana's Deputy Chief Minister Dushyant Chautala on Sunday said that the state attracted investments worth Rs 28,000 crore in the past 12 months. Chautala, who also holds Industries and Commerce, Excise and Taxation and Civil Aviation portfolios, said a [...]
UAE Minister of Economy to lead high-level biz delegation to India this week
New Delhi, May 8 (PTI) UAE Minister of Economy Abdulla bin Touq Al Marri will be leading a high-level business delegation to India this week to discuss ways to further promote trade and investments between the two countries, an official said. The visit, from May 11-15, assumes significance as both the countries have implemented the Comprehensive [...]
Govt to invite financial bids for SCI sale by Sept; Shipping House, MTI to be hived off
New Delhi, May 8 (PTI) The government is likely to invite financial bids for Shipping Corporation of India by September, after the process of demerger of non-core assets is completed, an official said. As part of the strategic-sale process, the government is hiving off Shipping House and the training institute in Pune and some other [...]
Rate hike wasn’t surprising, timing was: FM Sitharaman
Finance Minister Nirmala Sitharaman has said the recent interest rate hike by the Reserve Bank was not surprising for her but the timing was, asserting that the rising cost of funds will not impact the government's planned infrastructure investments. For the first time since August 2018, RBI had on May 4 delivered a blunt 40 [...]
Cost accountants’ institute asks govt to allow members to conduct financial audits of MSMEs
New Delhi, May 8 (PTI) The cost accountants' institute has requested the government to consider allowing cost and management accountants to conduct financial audit of MSMEs and private limited companies. The Institute of Cost Accountants of India, set up under an Act of Parliament, has around 90,000 members and about 5 lakh students. Seeking to [...]
UAE Minister of Economy to lead high-level biz delegation to India this week
New Delhi, May 8 (PTI) UAE Minister of Economy Abdulla bin Touq Al Marri will be leading a high-level business delegation to India this week to discuss ways to further promote trade and investments between the two countries, an official said. The visit, from May 11-15, assumes significance as both the countries have implemented the Comprehensive [...]
Commercial vehicle industry to see double-digit growth this fiscal: Tata Motors’ Girish Wagh
New Delhi, May 8 (PTI) The commercial vehicle industry is expected to grow in double-digits this fiscal, driven by favourable demand conditions amid accelerated economic activities, although high fuel prices and increase in interest rates on vehicle loans are headwinds, according to Tata Motors Executive Director Girish Wagh. The commercial vehicles segment, which saw its [...]
Global factors, macro data, earnings to drive market trends this week: Analysts
Global markets trends, inflation, release of industrial output data and quarterly earnings will dictate movement of the equity benchmarks this week, analysts said, adding that volatility might continue amid slew of announcements of macroeconomic data at the global level too. Moreover, foreign fund movement, crude oil prices and trend in rupee would also act as [...]
‘Govt consulting agencies for locations to set up food truck markets’: Sisodia
New Delhi, May 7(PTI) Delhi government in the first phase of implementing its Food Truck policy has asked agencies to identify places where food truck markets can be developed in the city similar to what exist in some of the western nations, Deputy Chief Minister Manish Sisodia said on Saturday. The food truck markets will [...]
Govt aims to develop vehicle scrapping facilities within 150 kms from city centres
New Delhi, May 7 (PTI) Union minister Nitin Gadkari on Saturday said his aim is to develop at least one automobile scrapping facility within 150 kilometres from each city centre, while asserting that the country has the potential to become a vehicle scrapping hub of the entire South Asian region. Speaking at the Material Recycling [...]
Govt aims to develop vehicle scrapping facilities within 150 kms from city centres
New Delhi, May 7 (PTI) Union minister Nitin Gadkari on Saturday said his aim is to develop at least one automobile scrapping facility within 150 kilometres from each city centre, while asserting that the country has the potential to become a vehicle scrapping hub of the entire South Asian region. Addressing an event here, Gadkari [...]
Frequently Asked Questions
1. What is GDP in an Economy?
Gross domestic product (GDP) is the standard measure of the value-added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production or the total amount spent on final goods and services (less imports).
2. What type of news will you get on the Economy section?
Economy news section on Trade Brains News will provide you with the news on the Indian economy and the factors that affect it. It will also provide you with news on retail inflation, foreign exports and imports and more. Stay updated with news on the Indian economy on Trade Brains News.
3. What is inflation in an economy?
Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.
What is Retail Inflation?
Retail Inflation, refers to the rate of inflation based on the Consumer Price Index (CPI), The CPI is an index that tracks the daily consumption of households and the change in the price of the goods and services these households spend on.