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Top Latest News on Indian Economy
RBI wants smooth policy measures; prefers smaller rate hikes: Source
Mumbai, May 5 (PTI) Battling a sharp surge in inflation, the Reserve Bank is all for a smooth monetary policy response and the desire to have smaller hikes led it to tighten the policy in an off-schedule meet, a source said on Thursday. Inflation has been massively impacted by Russia's invasion of Ukraine and will [...]
Xi says epidemic prevention at ‘critical stage’; asks officials to adhere to zero-COVID policy
Beijing, May 5 (PTI) As China continue to wage a grim battle to curb the spread of the Omicron variant in Beijing and Shanghai, Chinese President Xi Jinping on Thursday asked officials to adhere to the much-criticised dynamic zero-COVID policy, saying that the epidemic prevention reached a "critical stage." Xi presided over the ruling Communist [...]
No duty concession on 29.8% of product categories under free trade pact with Australia
New Delhi, May 5 (PTI) India will not provide import duty concession under the free trade agreement with Australia on 29.8 per cent of its tariff lines or product categories, including dairy products, food grains, precious metals, jewellery and most of the medical devices.Given the sensitivities of the specified products for the domestic industry, India [...]
Pakistan requests Saudi Arabia not to withdraw deposits, asks to extend oil facility
Islamabad, May 5 (PTI) Pakistan has requested Saudi Arabia not to withdraw its deposits given to its central bank and extend its oil facility for the cash-strapped country. Finance Minister Miftah Ismail while addressing a press conference in Karachi on Wednesday said Islamabad had requested Riyadh, which is considering rolling over dollar deposits as Islamabad [...]
Bank frauds, ponzi, govt funds swindling constitute half of ED’s money laundering cases: Data
Cases related to bank loan frauds, embezzlement of government funds and duping of investors through ponzi scams constitute almost half of the money laundering investigations taken up by the ED since it was empowered to investigate serious financial crimes about 16 years back. Cases of corruption in the government and public sector come next as [...]
MoS power assures assistance to SJVN for implementing projects
New Delhi, May 5 (PTI) Union Minister of State for Power & Heavy Industries Krishan Pal Gurjar has assured all possible assistance to state-owned SJVN Ltd in the execution of various projects in India, Nepal and Bhutan.The minister visited SJVN Corporate Headquarters Shakti Sadan at Shimla today, a company statement said.Gurjar held a meeting with [...]
PM Modi, French President Macron agree on blueprint to further expand strategic bilateral ties
Paris, May 5 (PTI) Prime Minister Narendra Modi and French President Emmanuel Macron held extensive discussions on a range of bilateral and pressing global issues, including the raging conflict in Ukraine, the situation in the Indo-Pacific and terrorism, as the two top leaders agreed on a blueprint to work together in making the India-France strategic [...]
Creator Economy Platform Pluc.tv Raises Pre-Seed Funding Round; Joins Expert DOJO in California
Pluc.tv, which “believes in powering the rise of the creator middle class” will be joining start-up accelerator Expert DOJO in Southern California on the heels of crossing half a million users. Start-to-finish creator economy platform Pluc.tv announced that it has raised an undisclosed amount in pre-seed funding and is joining Expert DOJO, an international early-stage [...]
Market rebound loses steam in fag-end trade; IT stocks stand tall
Equity indices surrendered early gains to close flat on Thursday as profit-taking took hold amid a rally in global markets, even as the US Federal Reserve hiked rates on expected lines to combat inflation. Recovering after a severe drubbing in the previous session following the RBI's surprise rate hike, the 30-share BSE benchmark Sensex soared [...]
Delhi Cabinet approves start-up policy, forms 20-member task force: Kejriwal
New Delhi, May 5 (PTI) The Delhi Cabinet has approved a start-up policy which seeks to provide the youth with financial and procedural help in setting up companies and formed a 20-member task force for the purpose, Chief Minister Arvind Kejriwal said on Thursday. He also said the "Business Blaster" programme, currently being run in [...]
Startup Buddy parent firm announces Real Time Accelerator Fund with Rs 100 cr corpus
New Delhi, May 5 (PTI) Gurugram-based Startup Buddy's parent company Real Time Management Consultancy Services on Thursday said that it has launched 'Real-Time Accelerator Fund' with a target corpus of Rs 100 crore. There is also a green shoe option of another Rs 100 crore, according to a statement. Startup Buddy was incorporated in 2015 [...]
Adani Power net profit surges to Rs 4,645 crore in March quarter
New Delhi, May 5 (PTI) Adani Power's consolidated net profit jumped to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore in the year-ago period, mainly on the back of higher revenues. Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 [...]
India, France commit to tackling climate change stronger than ever: joint statement
Paris, May 5 (PTI) India and France have vowed that they are committed to tackling climate change stronger than ever and discussed a partnership to ensure that environment-friendly technologies could be developed together to address the pressing global challenge.As renewable energy development is one of the key solutions for this transition, India and France reiterated [...]
Auto retail sales grow 37% in April on low COVID-hit base effect
Automobile retail sales in India increased by 37 per cent in April on a low base of COVID-hit April last year, automobile dealers' body FADA said on Thursday. Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period. On a year-on-year basis, all vehicle categories including [...]
India, France discuss ways to jointly increase mobility of students, skilled workers
Paris, May 5 (PTI) India and France have discussed ways to jointly increase the mobility of students, professionals and skilled workers while strengthening their efforts to combat irregular migration between the two countries.According to a joint statement issued on Wednesday after Prime Minister Narendra Modi held talks with French President Emmanuel Macron, the two countries [...]
PM Modi meets French President Macron; discusses regional and global developments
Paris, May 4 (PTI) Prime Minister Narendra Modi met French President Emmanuel Macron here on Wednesday and discussed issues of bilateral and mutual interests as well as regional and global developments, amid Russia's aggression against Ukraine."Delighted, as always, to meet my friend President @EmmanuelMacron. We talked at length about bilateral as well as global issues. [...]
PM Modi holds bilateral meetings with counterparts from Nordic countries
Copenhagen, May 4 (PTI) Prime Minister Narendra Modi on Wednesday said the India-Nordic Summit will go a long way in boosting India's ties with the resource-rich region and emphasised that his productive bilateral meetings with his counterparts from Denmark, Norway, Sweden, Iceland and Finland has underlined that together they can achieve and contribute to global [...]
TN records 30% jump in gold sales during Akshaya Tritiya compared to 2019: Jewellers’ association
Chennai, May 4 (PTI) Tamil Nadu has witnessed a 30 per cent jump on the sales of jewellery during the Akshaya Tritiya festival as a whopping 18 tonne amount of gold was retailed on that day, backed by strong demand for the precious metal in the state, industry sources said on Wednesday. The trend was [...]
‘We have bitten off more than what we can chew,’ Sri Lankan Finance Minister Sabry tells Parliament
Colombo, May 4 (PTI) "We have bitten off more than what we can chew," debt-ridden Sri Lanka's Finance Minister Ali Sabry acknowledged before Parliament on Wednesday while reminding warring political parties that they have a national responsibility to contribute to revive the island nation's collapsed economy.Detailing the perilous state of the economy, Sabry, who has [...]
Apparel exporters’ body seeks quick measures to check raw material price hikes
New Delhi, May 4 (PTI) Apparel exporters' body AEPC on Wednesday urged the government to take immediate measures to contain rising prices of raw materials as the continuous surge has impacted the entire value chain of the industry. The price of cotton yarn, which was around Rs 376 per kilogramme in March, rose to Rs [...]
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.