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January 28, 2023 09:22 AM ISTBy 2051, India may have an additional 335 million urban population. Several new cities will be needed to settle them
January 27, 2023 06:55 PM IST ”Feedback from the market participants is that a borrowing of 15.5-16 trillion rupees can be absorbed well in the next financial year,” one of the officials told Reuters.
January 23, 2023 07:46 PM IST A cut in the import duty by the world’s second-biggest consumer could lift retail sales by making gold cheaper ahead of peak demand season and support global prices.
January 22, 2023 07:06 AM IST Bolstering such prospects are China’s reopening after pandemic lockdowns, evidence of slowing inflation, and the assured views of some senior European officials that their economies won’t suffer recessions
January 22, 2023 06:40 AM IST The broader bond market is also signalling that a Federal Reserve policy rate peak short of 5 percent will be enough to cause a recession, requiring rate cuts totaling half a point during the second half of the year
January 21, 2023 07:17 AM IST Investors and economists continue to doubt Fed forecasts that rates will rise to above 5 percent from their current level just below 4.5 percent
January 19, 2023 09:17 PM IST The objective during 2023 is to tether inflation therein so that it aligns with the target by 2024, the second milestone, the said the article auhtored by a team lead by RBI Deputy Governor Michael Debabrata Patra.
January 19, 2023 04:43 PM IST The present import duty on aluminium and aluminium products is 10 per cent. Aluminium, a resilient metal that retains its fundamental properties even when recycled, is widely utilised.
January 19, 2023 04:10 PM IST At present a GST of 18 per cent is levied on helmets. ”IRF…in a letter written to the Union finance minister Nirmala Sitharaman has demanded reduction of GST on life saving device helmets for safety of the two-wheeler riders from present 18 per cent to 0 per cent in the forthcoming Union Budget 2023-24,” the global road safety body said.
January 19, 2023 04:00 PM IST At the interbank foreign exchange market, the rupee opened at 81.45 against the greenback, and finally settled at 81.37, down 7 paise over its previous close. During the session, the rupee also touched an intraday high of 81.27 against the American currency.
January 16, 2023 09:06 PM IST The central bank also advised States to continue to focus on creating a congenial ecosystem for greater private investments.
January 16, 2023 06:45 AM IST The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel for the first time since the pandemic
January 13, 2023 04:18 PM IST Forex traders said positive macroeconomic data and broad weakness in the American currency supported the rupee and contained the depreciation bias.
January 13, 2023 03:34 PM IST Sowing of wheat, the main rabi (winter) crop, had begun in October, and harvesting will start from March/April. Farmers had sown wheat on 332.52 lakh hectare (ha) area in the year-ago period.
January 12, 2023 07:21 PM IST The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years.
January 11, 2023 06:57 AM IST Yellen's oversight of about $270 billion in tax credits for electric vehicles, home solar panels and other climate purchases contained in the Inflation Reduction Act have made her a pivotal climate figure
January 09, 2023 11:02 PM IST Nageswaran also mentioned that the realistic medium-term growth is 6.5 per cent in contrast to eight or nine per cent, which was witnessed during the 2003-2008 period.
January 02, 2023 06:41 AM IST Xi said the country is in a new phase of Covid control and has adapted after following a science-based and targeted approach. The day before, he said the nation’s strategy had been “optimized” to protect people’s lives and minimize economic costs
January 02, 2023 06:29 AM IST On Monday, Israel is expected to deliver one of the world’s first rate moves of 2023, extending its longest cycle of monetary tightening in decades
December 30, 2022 11:38 AM IST The RBI and European Securities and Markets Authority are clashing over ESMA’s demand to join the RBI in overseeing Indian transactions
December 26, 2022 06:21 AM IST Although there’s no reliable data on the extent of the spread of the virus or the number of sick and dead now, it had reached every province before the end of extensive and regular testing
December 19, 2022 10:12 AM IST Along with the big boys, India too is jostling for influence in this crucial continent. If the US fails to pursue its Africa policy with seriousness, it may soon find itself a marginal player here
December 19, 2022 06:43 AM IST Although a dial measuring so-called animal spirits showed activity was steady for a fifth straight month in November, the needle was just one bad data point away from swinging to the left. Exports, a key growth lever in the past year, was among three of eight metrics that performed poorly
December 16, 2022 06:44 AM IST Every increase in borrowing costs, including Thursday’s half-point move, advances the fight by Frankfurt officials against rampant inflation — but also risks a higher toll on the economy
December 16, 2022 06:35 AM IST Economists also noted that goods prices tumbled in November, which could have weighed on retail sales last month. The discounts by retailers were also probably a drag on the dollar value of sales
