Latest Indian Economy News

New Delhi, Apr 18 (PTI) The government has procured 69.24 lakh tonnes of wheat in the rabi marketing season so far at minimum support price (MSP) for nearly Rs 14,000 crore. "Wheat procurement has recently commenced in Rabi Marketing Season 2022-23 in the states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttrakhand, Chandigarh, Himachal Pradesh, [...]

New Delhi, Apr 18 (PTI) The government has procured 69.24 lakh tonnes of wheat in the rabi marketing season so far at minimum support price (MSP) for nearly Rs 14,000 crore. "Wheat procurement has recently commenced in Rabi Marketing Season 2022-23 in the states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttrakhand, Chandigarh, Himachal Pradesh, [...]

Kolkata, Apr 18 (PTI) The upcoming Bengal Global Business Summit -- the state's annual marquee event to woo investors from across the globe -- will see the "biggest-ever" UK delegation of 49 senior figures in attendance, officials said on Monday.The contingent will include top personalities from a wide range of businesses, institutions and universities, who [...]

Islamabad, Apr 18 (PTI) Pakistan Prime Minister Shehbaz Sharif on Monday requested China to support the planned revival of the Karachi Circular Railway (KCR) project to end the woes of hundreds of thousands of commuters in the country's largest metropolis. Stressing that KCR would be a "gift for the people of Karachi" and bring great [...]

Beijing, Apr 18 (PTI) China's economy grew at 4.8 per cent in the first quarter, falling below the 5.5 per cent target set for this year by the ruling Communist Party, amidst a surge in COVID-19 cases, which prompted top business hubs like Shanghai to enforce prolonged lockdowns. The country's gross domestic product grew 4.8 [...]

Colombo, Apr 18 (PTI) Beleaguered Sri Lankan President Gotabaya Rajapaksa on Monday appointed a new 17-member Cabinet that excluded his close relatives except Prime Minister Mahinda Rajapaksa, as he called for a "system change" amidst growing demand for his resignation over the worst economic crisis faced by the island nation. Sri Lanka is grappling with [...]

Lucknow, Apr 18 (PTI) Uttar Pradesh Finance Minister Suresh Kumar Khanna on Monday said despite the difficult situation amid the COVID-19 pandemic, the state's gross state domestic product (GSDP) increased by 40 per cent in the last five years.Despite the COVID-19 pandemic, Uttar Pradesh has achieved much better financial management. In the year 2016-17, when [...]

Several states are spending high amounts on populist schemes like farm loan waivers, and with the GST compensation from the Centre ending in June, they need to re-prioritise expenditure in accordance with the revenue receipts, a report said on Monday. In some instances, the Goods and Services Tax (GST) revenue from the Centre forms over [...]

Colombo, Apr 18 (PTI) A local court here on Monday extended a travel ban on Ajith Nivard Cabraal, former governor of the Central Bank of Sri Lanka, from travelling abroad as mounting economic woes roil the island nation.On April 7, the Colombo Magistrate’s court barred Cabraal from travelling out.The court has extended a travel ban [...]

New Delhi, Apr 18 (PTI) A majority of Indians admit that they do not know much about the country's history, culture, destinations, nature and food, with many of them unaware of facts such as Gir being the only natural habitat of Asiatic lions or Khajuraho festival is celebrated in Madhya Pradesh, according to a study [...]

New Delhi, Apr 18 (PTI) The wholesale price-based inflation spiked to a four-month high of 14.55 per cent in March on rising prices of crude oil and other commodities due to disruption in global supply chain in the wake of the Russia-Ukraine war, a development that may prompt the RBI to raise interest rates to [...]

New Delhi, Apr 18 (PTI) The wholesale price-based inflation rose to a four-month high of 14.55 per cent in March, mainly due to hardening of crude oil and commodity prices, even though vegetables witnessed easing of price pressures. As per the government data released on Monday, WPI inflation has remained in double digits for the [...]

Beijing, Apr 18 (PTI) China's economy grew at 4.8 per cent in the first quarter, falling below the 5.5 per cent target set for this year by the ruling Communist Party, amidst a surge in COVID-19 cases which prompted top business hubs like Shanghai to enforce prolonged lockdowns.The country's gross domestic product grew 4.8 per [...]

The founders of Bon Fiction, Akhil and Prathina Grandhi, have embarked on an arduous journey to bring to life 14 of the most magnificent chocolates made with cacao grown on Indian soil. RAJAHMUNDRY, India, April 18, 2022 /PRNewswire/ -- The spirited and driven couple behind the brand is the key ingredient that makes Bon Fiction [...]

Kathmandu, Apr 17 (PTI) The Nepal government is considering to declare a two-day holiday in public sector offices this month to reduce fuel consumption, as the country battles a foreign exchange crisis and the price of petroleum products sky-rockets. The Central Bank of Nepal and Nepal Oil Corporation advised the government to give two days [...]

New Delhi, Apr 17 (PTI) Hong Kong has banned Air India services till April 24 after three passengers on one of its flights tested positive for COVID-19 post arrival on Saturday, a senior government official has said.| Passengers from India can arrive in Hong Kong only if they have a COVID-19 negative certificate from a [...]

New Delhi, Apr 17 (PTI) Household products of over 30,000 brands operating at small and medium scale cater to a majority of the country's population, while only 20 per cent use such items sold by big corporate houses, a survey said. Products of Fast Moving Consumers Goods (FMCG), consumer durables and cosmetics from over 30,000 [...]

New Delhi, Apr 17 (PTI) The oil ministry has not made any fresh allocation of natural gas from domestic fields to the city gas sector, sending CNG and piped cooking gas prices to record highs but the ministry insisted that allocations have not been stopped and providing more for the sector would lead to cut [...]