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Land mapping and pesticide spraying are the two most common uses for drones in Indian agriculture
More than 8 crore farmers received over Rs 16,000 crore in their bank accounts under the 12th tranche of the PM Kisan Samman Nidi scheme
Finance Minister Nirmala Sitharaman's remarks came in the wake of the push by the US-led western countries to reduce their oil purchase from Russia and warning to other nations that they would face sanctions if they continued to do so
But with the Fed on track to continue lifting borrowing costs through the end of the year, Biden sought to deflect blame for the slowing global economy. On Saturday, he criticized UK Prime Minister Liz Truss’s tax-cutting plans for causing turmoil in markets, calling it a “mistake”
Bicycles, leather, toys, and containers may be included. The government is studying representations from other industries, and more may be brought under the PLI scheme subsequently
High inflation has now spread well beyond physical goods to the nation’s vast service sector, which includes everything from dental care and apartment rents to auto repairs and hotel rates. The broadening of inflation makes it harder to tame
US Treasury Secretary Janet Yellen said on Friday that high inflation, tightening monetary policies, currency pressures and capital outflows were increasing debt burdens in many developing countries, and more progress was urgently needed
One dollar was worth 147.67 yen following the stronger-than-expected inflation number, which comes as Japan's central bank holds off from hiking interest rates to try and cool sky-high prices.
There is not much evidence to suggest that inclusion in bond indices has a major impact on local financial markets, the economist said.
The IFS said about 100,000 job cuts this year would ensure the overall wage bill was unchanged, and avoid cuts elsewhere in departments. If pay increases with inflation in 2023, the government would need to cut another 100,000 jobs to keep the bill in check
India's GDP will further decelerate to 4.7 per cent growth in 2023, according to the forecast by the United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022.
India jumped six spots to be ranked 40th in this year’s edition of the index.
“The private sector has been holding up. Rural demand is also gaining gradually, investment demand is picking up...the agricultural sector remains resilient,” Shaktikanta Das said.
The action has been taken against the Indian arm of the company identified as OctaFX after the agency carried out searches against it under the provisions of the Foreign Exchange Management Act (FEMA).
"India is already the fifth largest economy in the world and is turbocharging its growth to become the third largest in the coming years," Goyal said.
The hike takes DA to 38 percent from current 34 percent.
Managing the incidental outcomes of exchange rate policy on its interest rate policy and the economy will help the Reserve Bank of India maintain its credibility.
The US Fed hiked interest rates by 75bps for the third consecutive time. While experts and the markets were expecting this one, what’s spooking them is the dot plot - which implies that there will be cumulative hikes of 125 bps over November and December. But what do these numbers mean for India, and will the RBI follow in the Fed’s footsteps?
Hotter-than-expected US inflation numbers for August have thrown up several concerning trends, an important one being the risk of stagflation. But while reports suggest that the US may be on the verge of stagflation, the big question is, what does this mean for India? How relevant is stagflation for India, is India really at risk, and what would this mean for our household budgets? Watch this mini masterclass to find out!
The Indus River, which remained swollen until earlier this month, was now rushing at normal levels towards the Arabian Sea, according to Mohammad Irfan, an irrigation official in hard-hit Sindh.
The GDP of India, South Africa, UK and US also saw contraction in the second quarter of 2022 compared to the first.
A note penned by Sonal Varma, managing director, chief economist - India and Asia (ex-Japan) at Nomura, on September 13, said inflation surprised on the upside mainly due to higher food inflation.
Currently, India’s share in the total imports by Bangladesh is half that of China
Stockpiles of the fossil fuel at power plants have fallen about 11% since mid-August, meaning utilities have an average of 10 days supply, well below required levels of more than three weeks.
The changes have been made under powers conferred by the Mines and Minerals (Development and Regulation) Act, 1957.
