Economy News

Indian economy seen growing 9.2% in FY22 on upbeat rural sector, uptick in credit demand: BoB report

Indian economy seen growing 9.2% in FY22 on upbeat rural sector, uptick in credit demand: BoB report

India's economy is expected to have grown at 9.2 per cent in the fiscal ended March 2022, after having contracted by 7.3 per cent in the last financial year. 

May 25, 2022, 19:57 PM IST
‘No petrol at station, no cash in ATM’: Former Pakistani batter shares pain of common man

‘No petrol at station, no cash in ATM’: Former Pakistani batter shares pain of common man

Pakistan Economic Crisis: Mohammad Hafeez pointed out that there is no petrol available in any petrol station in Lahore. 

May 25, 2022, 18:48 PM IST
PM Modi to inaugurate 1152 houses built under ‘Light House Project: Chennai’ on May 26

PM Modi to inaugurate 1152 houses built under ‘Light House Project: Chennai’ on May 26

The 1152 houses are built in Chennai as part of the Light House Project under PM Awas Yojana-Urban at a cost of Rs 116 crore. 

May 25, 2022, 16:52 PM IST
After relief on edible oil, sugar price rise to be prevented! Government takes big decision

After relief on edible oil, sugar price rise to be prevented! Government takes big decision

In a statement, the government said that with a view to maintain domestic availability and price stability of sugar in the country during sugar season 2021-22 (October-September), it has been decided

May 25, 2022, 10:18 AM IST
Government tells utilities to expect less domestic coal in June

Government tells utilities to expect less domestic coal in June

The ministry slashed total June domestic coal supply targets to 56.2 million tonnes from 63.3 million tonnes earlier.

May 24, 2022, 22:34 PM IST
Edible oil gets a massive price cut: Here’s how much it will cost now

Edible oil gets a massive price cut: Here’s how much it will cost now

Mustard Pakki Ghani and Kachi Ghani oil prices declined by Rs 40 per tin (15 kg) to Rs 2,365-2,445 and Rs 2,405-2,515, respectively.

May 23, 2022, 15:21 PM IST
Petrol, diesel prices reduced: Will CNG prices be lowered now?

Petrol, diesel prices reduced: Will CNG prices be lowered now?

Auto industry body SIAM has sought a reduction in CNG prices while welcoming the government's decision to lower the petrol and diesel prices.

May 23, 2022, 11:03 AM IST
Government bears full cost of excise duty cut on petrol, diesel: FM Nirmala Sitharaman

Government bears full cost of excise duty cut on petrol, diesel: FM Nirmala Sitharaman

The duty reduction made in November 2021 has an implication of Rs 1,20,000 crore a year for Centre.

May 22, 2022, 22:26 PM IST
Maharashtra reduces VAT on petrol & diesel prices after govt cuts excise duty

Maharashtra reduces VAT on petrol & diesel prices after govt cuts excise duty

Finance Minister Nirmala Sitharaman had estimated that the cut in excise duty will save the government roughly Rs 1 lakh crore per year.

May 22, 2022, 18:50 PM IST
Centre receives 10 applications for PLI Scheme for specialty steel; mulls to extend last date again

Centre receives 10 applications for PLI Scheme for specialty steel; mulls to extend last date again

The government's ambitious PLI scheme for specialty steel has received just 10 applications. 

May 22, 2022, 14:49 PM IST
Centre promises Rs 1.10 lakh crore in subsidy to protect farmers from fertiliser price hike

Centre promises Rs 1.10 lakh crore in subsidy to protect farmers from fertiliser price hike

Nirmala Sitharaman said that the government has protected farmers from the rise in prices of fertilizers.  

May 22, 2022, 10:31 AM IST
Big boost for steel industry! Govt hikes export duty on iron ore, waives import tax on some raw materials

Big boost for steel industry! Govt hikes export duty on iron ore, waives import tax on some raw materials

The import duty on ferronickel, coking coal, PCI coal has been cut from 2.5 per cent, in a move that will bring cheer to the steel industry. 

May 22, 2022, 09:15 AM IST
Petrol, diesel get cheaper, here's how much excise duty and VAT you need to pay now

Petrol, diesel get cheaper, here's how much excise duty and VAT you need to pay now

The Central government has cut the excise duty on petrol and diesel to offer some respite to the common man faced with an ever-increasing inflation. 

May 22, 2022, 09:02 AM IST
Kerala announces tax cut on petrol by Rs 2.41, diesel by Rs 1.36

Kerala announces tax cut on petrol by Rs 2.41, diesel by Rs 1.36

Meanwhile, the Trinamool Congress has criticised the move, claiming that the government has the ability to lower excise duties even further.

May 21, 2022, 22:14 PM IST
Government announces Rs 200 subsidy per LPG gas cylinder to over 9 crore under PM Ujjwala Yojana

Government announces Rs 200 subsidy per LPG gas cylinder to over 9 crore under PM Ujjwala Yojana

For the second time in a month, the price of LPG (liquid petroleum gas, which is used to cook food by millions of Indian people) increased by Rs 3.50.

May 21, 2022, 20:08 PM IST
Petrol Price cut by Rs 9.5, Diesel by Rs 7 as govt reduces excise duty

Petrol Price cut by Rs 9.5, Diesel by Rs 7 as govt reduces excise duty

Petrol and Diesel price reduce news today: "We are reducing the Central excise duty on Petrol by Rs 8 per litre and on Diesel by Rs 6 per litre. This will reduce the price of petrol by Rs 9.5 per

May 21, 2022, 18:55 PM IST

Petrol Price cut by Rs 9.5, Diesel by Rs 7 as govt slashes excise duty

Petrol and Diesel price reduce news today: Finance Minister Nirmala Sitharaman announced on Saturday that the price of petrol will be reduced by Rs 9.5, whereas the diesel prices will see a cut of Rs

May 21, 2022, 18:55 PM IST
Earning Rs 25,000 per month? You fall under top 10% of wage earners in India: Report

Earning Rs 25,000 per month? You fall under top 10% of wage earners in India: Report

Furthermore, barely 3% of Indians make more than Rs 25 lakh per year.

May 21, 2022, 16:31 PM IST
CNG price hike today: No respite for common man as gas prices increase again

CNG price hike today: No respite for common man as gas prices increase again

CNG Price Hike: In Gurugram, CNG price has been increased to Rs 83.94.  

May 21, 2022, 08:44 AM IST
CNG price increased by Rs 2 per kg in Delhi, nearby areas

CNG price increased by Rs 2 per kg in Delhi, nearby areas

With the latest increase in rates, CNG is now priced at Rs 75.61 per kg in Delhi, Rs 78.17 per kg in Noida.

May 20, 2022, 23:13 PM IST