Food production for 2022-23 estimated at record 329 million tonnes
The total production however, fell by almost 1 million tonne compared to the third advanced estimates put out by the agriculture ministry in May this year
Karnataka pegs 42% decline in sugar output at 34.51 lakh tonne for 2023-24 season
According to the state government estimate, sugarcane production in Karnataka is estimated to be lower at 520 lakh tonne in 2023-24, compared with 705 lakh tonne in the previous season.
Indian wheat prices at 8-month high on festival demand, tight supply
The increasing prices may prompt the government to release more stocks from inventories and eliminate import duties on the cereal to bolster supplies and control prices ahead of important state assembly elections and a general election next year.
WPI inflation in negative for sixth month in a row at negative 0.26% in September, food prices ease
The wholesale price index (WPI)-based inflation rate has been in the negative since April and was (-)0.52 per cent in August. In September last year, it was 10.55 per cent.
MC Interview | Delhi to begin seeing colder temperatures from October 15: IMD Chief
A delayed monsoon withdrawal and resultant persistent humidity has led to higher temperatures and increased discomfort, as per India Meteorological Department.
Rs 3.43 lakh cr of Rs 2,000 notes have come back, public can return notes in RBI offices post Oct 8: Das
At present, over Rs 12,000 crore of notes are still in circulation, Das said, reiterating that the notes can be returned even after the end of the extended period.
RBI flags financial stability risks from unsecured loans, asks lenders to smell where crisis is likely to come up
Earlier in the day, Das said certain components of personal loans are recording very high growth and the RBI is closely monitoring the same for any signs of incipient stress.
India's GST Council to mull exempting distilled alcohol used to make liquor from tax - source
High distilled or extra neutral alcohol contains 95% alcohol by volume and is used for producing liquor and for industrial purposes.
RBI's rate-setting panel starts deliberations amid expectation of status quo
In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable.
India's coal production rises 16% in September
The cumulative coal production up to September increased to 428.25 MT in the ongoing fiscal, over 382.16 MT in the year-ago period, registering a growth of 12.06 per cent, the coal ministry statement said.
India in talks with more jurisdictions to make material impact on cross-border payments: RBI DG
As per the World Bank's remittance prices worldwide database, the global average cost of a retail size of remittance (retail size - USD 200) was 6.2 per cent in the fourth quarter of 2022.
Exclusive: RBI may extend deadline to return Rs 2,000 notes till end-Oct
The central bank said on September 1 that Rs 2,000 banknotes worth Rs 3.32 lakh crore, or 93 percent of these currency notes in circulation, had returned to the banking system
Railway employees union demands productivity-linked bonus on the basis of 7th pay commission
the workers get every year ahead of the festive season.
The railways pay PLB, which is equivalent to 78 days' wages, to all non-gazetted employees (Group C and Group D) as an incentive to increase productivity and ensure safety. The PLB is calculated on the basis of the minimum salary paid to the lowest grade (Group D) employees.
I-T dept asks taxpayers to respond to intimation of past tax demands for faster refund processing
With some taxpayers taking to social media about receiving intimation from the I-T department regarding past unsettled tax demands, the department in a post on 'X' said, this is a taxpayer-friendly measure where an opportunity is being provided to assessees in line with "principles of natural justice".
India's vegetable oil imports up 33% in Aug: SEA
India imports palm oil mainly from Indonesia and Malaysia, and a small quantity of crude soft oil, including soybean from Argentina.
Metro trains now running at 120 kmph on Airport Line: DMRC official
The total journey from New Delhi station to newly-built Yashobhoomi Dwarka Sector 25 station will take about 21 minutes, they said.
India-Canada FTA on pause till political issues resolve: Sources
The India-Canada negotiations were re-launched in March 2022 after the countries held the fifth Ministerial Dialogue on Trade & Investment
Weekly Numerics | Fiscal deficit widens, talent scarcity hits India Inc., long timelines for debt recovery
Four out of five employers in India report facing difficulty in finding the talent they need. Meanwhile, 52 million additions were made to the payrolls over the past four years.
Tea companies likely to witness eight per cent degrowth in revenue this fiscal: Crisil Ratings
According to the report, operating profitability will fall second year in a row, shedding 100 basis points to five per cent, primarily due to lower realisation.
WPI inflation in negative for fifth month in a row at (-) 0.52% in August
The wholesale price index (WPI) based inflation rate has been in the negative since April and was (-)1.36 per cent in July. In August last year, WPI inflation was 12.48 per cent. In August last year, WPI inflation was 12.48 per cent.
India may cut market borrowing if small savings shoot up
India has projected gross market borrowing at 15.43 trillion Indian rupees ($185.88 billion) for the fiscal year ending on March 31, of which it plans to borrow 8.88 trillion rupees between April and September.
Fitch retains India's growth forecast for FY24 at 6.3%, flags inflation risks
The Indian economy grew 7.8 per cent in the April-June quarter of current fiscal on strong services sector activity and robust demand.
India, UK for early conclusion of free trade pact
Addressing a joint press conference with UK Chancellor of Exchequer Jeremy Hunt, Finance Minister Nirmala Sitharaman said both sides intend to expedite the free trade agreement.
Over $1.8 billion worth of assets recovered from economic offenders: Union Minister Jitendra Singh
Addressing an event at the Central Bureau of Investigation (CBI) headquarters here, he said there has been a quantum jump in extradition of criminals and fugitives in recent years, especially after India hosted the 90th Interpol General Assembly in October 2022.
