Nations that were in a food deficit and vulnerable, as well as India's neighbours, were given priority access to wheat amid a global shortfall.
"The measures the government and the Reserve Bank of India (RBI) have taken have helped in lowering inflation, but it's not like it has stopped being a concern. It's just not as worrying as it was a few months ago," a senior official said.
The rupee was trading in a narrow range against the US dollar in opening trade on Thursday amid a rally in the equity markets.
The removal of a 5 percent duty on plain and studded gold jewellery from India as part of the recent free trade agreement with the UAE is expected to increase exports by $5 billion.
After a sizzling July payrolls report that included a larger-than-forecast pickup in hourly earnings, Federal Reserve policy makers remain tilted toward large interest-rate hikes
US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated
The labour market has now recouped all the jobs lost during the Covid-19 pandemic, though government employment remains about 597,000 jobs in the hole. Overall employment is now 32,000 jobs higher than in February 2020
The bank said Thursday that inflation will accelerate to over 13% in the fourth quarter and remain very elevated," for much of 2023. The forecast reflects a sharp increase from the 9.4% rate recorded in June.
A step-by-step reduction of import duties on high-value US farm products, a trade margin policy for medical devices, and a promise to continue talks on reducing price restrictions on American technology goods remain India´s basic proposal for trade talks with the US
The bill seeks to mandate use of non-fossil sources, including green hydrogen, green ammonia, biomass and ethanol for energy and feedstock to achieve the twin target of reducing dependence on fossil fuel and achieving energy security
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
The MoU was signed to address the potential satellite connectivity market for both B2B and B2C segments for reliable connectivity
Over the past few years, India has imposed higher tariffs on Chinese imports, cracked down heavily on Chinese firms, and cut the flow of Chinese FDI . But, as an uneasy peace holds for the moment, officials say no major economic action is planned.
In May, eight core sectors grew by 19.3 percent.
The report likely won't change Fed Chair Jerome Powell's view that an economy that is adding hundreds of thousands of jobs a month is not in recession, and won't deter him from raising borrowing costs further
With dues over Rs 2,600 crore, the liability was highest for West Bengal, followed by Bihar with over Rs 1,000 crore.
The policy is expected to significantly impact India’s e-commerce market, which is poised to rise to $111.4 billion by 2025. Currently, the sector is regulated piecemeal through a series of rules implemented by different ministries.
Despite increased production, India continues to be a small player in the global mobile phone trade because it caters primarily to domestic demand.
The corridor is a collection of infrastructure projects that have been under construction throughout Pakistan beginning 2013. Originally valued at $47 billion, the value of CPEC projects bumped up to $62 billion as of 2020. New Delhi has protested the project from its inception since it passes through large chunks of Pakistan-occupied Kashmir.
The government hopes to revive struggling SEZs, exports from which fell to $102.3 billion in FY21 from $112.3 billion in FY20. Of the 370 notified SEZs, only 234 are operational, official data shows. Measures like lower taxes and partial denotification are also being considered
The relentless selling by foreign investors appears to have taken a breather as they have turned net buyers so far this month with an investment of nearly Rs 1,100 crore in the Indian equity market.
India had in May banned wheat exports to ensure domestic availability but has been allowing shipments to select countries.
The India-United Kingdom FTA aims to significantly boost trade by reducing tariffs on up to 65 percent of traded goods and 40 percent of services.
Traders will have more than just the landmark rate move to juggle later, with the ECB also set to sketch out its "anti-fragmentation plan” – a bond market intervention scheme it hopes will prevent another euro zone debt crisis.
UK's dominance as a study abroad destination for Indians is largely driven by four factors – Britain’s influence on Indian education system, the quality of top universities there, English being the mode of education delivery, and the kind of diversity the country enjoys when it comes to both courses, and student and faculty cohorts.