Latest Indian Economy News

Bhopal, Apr 13 (PTI) The Madhya Pradesh government on Wednesday said the state will organise an auto show from April 28-30. The first-ever 'Madhya Pradesh Auto Show 2022' will be held at the Super Corridor Square near Indore airport and National Automotive Test Tracks (NATRAX) in Pithampur near Bhopal. "Madhya Pradesh is all set to [...]

New Delhi, Apr 13 (PTI) The Centre is working on a scheme to promote natural farming and is mulling incorporating this traditional method of cultivation in the syllabus of agri-varsities, Agriculture Minister Narendra Singh Tomar said on Wednesday. The government wants to encourage different methods of farming techniques, including natural and organic, in order to [...]

Mumbai, Apr 13 (PTI) With the Reserve Bank of India prioritising inflation over growth, the repo rate is likely to be hiked by at least 25 basis points in June, SBI's Ecowrap report said on Wednesday. In its monetary policy announced last week, the RBI had left the repo rate unchanged at 4 per cent. [...]

Washington, Apr 13 (PTI) Russia's war in Ukraine is likely to result in a significant 1.3 per cent lower GDP growth for India and 2.3 percentage point lower income growth, a top World Bank official has said, even as the lending agency observed that India is emerging strongly from the COVID-19 crisis.Hans Timmer, World Bank [...]

New Delhi, Apr 13 (PTI) The Delhi High Court Wednesday observed that the court is not a platform to propagate any religion and asked lawyers to desist from taking names of any religion.The court made the point clear while hearing a batch of pleas by several account holders challenging their suspension and deletion by the [...]

New Delhi, Apr 13 (PTI) Automobile dispatches from factories to dealerships in India declined by 6 per cent in FY22, with the two-wheeler segment reporting its lowest wholesales in the last 10 years, auto industry body SIAM said on Wednesday. Total wholesales across categories in the 2021-22 fiscal declined to 1,75,13,596 units, as against 1,86,20,233 [...]

New Delhi, Apr 13 (PTI) Agriculture Minister Narendra Singh Tomar on Wednesday said the Centre is still awaiting names of members from farmers' unions for setting up a panel on minimum support price (MSP). While announcing the repeal of three contentious farm laws in November last year, Prime Minister Narendra Modi had promised that a [...]

Mumbai, Apr 13 (PTI) Equity indices gave up early gains to close in the red for the third session on the trot on Wednesday, weighed by selling in banking and finance counters amid inflationary pressures and persistent foreign fund outflows. A weak rupee and lacklustre global cues also kept buying sentiment in check, traders said. [...]

New Delhi, Apr 13 (PTI) The Union Cabinet on Wednesday approved signing of a pact between the Securities and Exchange Board of India (Sebi) and Canada's Manitoba Securities Commission. The bilateral Memorandum of Understanding (MoU) seeks to have a formal basis for cross-border co-operation in the area of securities regulations. It would facilitate mutual assistance, [...]

New Delhi, Delhi, Apr 13 (PTI) The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday. Coal Additional Secretary M Nagaraju said the government is committed to ensuring that mines are properly and scientifically closed for the benefit of the society. "We [...]

Chennai, Apr 13 (PTI) Rail Land Development Authority (RLDA), the statutory body of Indian Railways, has invited bids for development of a railway plot into a warehouse at Thiruvottiyur here, the company said on Wednesday. The plot covers an area of 50,010 square metre and would be leased for 30 years, a press release said. [...]

Middletown (US), Apr 13 (The Conversation) Six weeks into the war with Ukraine, Russia’s economy seems to be holding up better than initially expected.Despite unprecedented sanctions and an exodus of Western companies, the Russian ruble – a widely followed indicator of the economy – has recovered all of its earlier losses. Meanwhile, billions of dollars [...]

New Delhi, Apr 13 (PTI) ICICI Bank and GIFT City Gurajat have come together to attract global investors as well as capital market firms to set up their operations in GIFT SEZ. ICICI Bank and GIFT SEZ (special economic zone) have signed a Memorandum of Understanding (MoU) to promote GIFT SEZ to Indian as well [...]

New Delhi, Apr 13 (PTI) The government is committed to build safer all-weather roads to provide seamless connectivity in Andaman and Nicobar Islands, Union minister Nitin Gadkari said on Wednesday. The road transport and highways minister in a series of tweets said, the Beodnabad to Ferrargunj section of NH-4 in Andaman and Nicobar Islands was [...]

New Delhi, Apr 13 (PTI) Manufacturers of small packaged fruit juices and dairy products have sought an extension of the July 1 deadline, for implementing the ban on plastic straws and said imported paper straws are expected to increase their input cost but unlikely to meet the industry's requirement. Arguing that there is no viable [...]