Economy News

Retail inflation jumps to 7.35% in December 2019 from 5.54% in November: Government data

Retail inflation jumps to 7.35% in December 2019 from 5.54% in November: Government data

The retail inflation in December jumped to 7.35% as against 5.54% in November, according to government data released on Monday (January 12).

Jan 13, 2020, 17:47 PM IST
Gold slips as Asian equities rise ahead of US-China trade deal

Gold slips as Asian equities rise ahead of US-China trade deal

Spot gold dipped 0.6% to $1,552.42 per ounce by 0756 GMT. US gold futures fell 0.4% to $1,553.30. Asian shares rose to new 19-month highs ahead of the Phase 1 deal due to be signed at the White House

Jan 13, 2020, 15:33 PM IST
Gold slips amid rising equities as Middle East tensions fade

Gold slips amid rising equities as Middle East tensions fade

The metal was down 0.2% so far this week, its worst since week ended December 6 US gold futures eased 0.3% to $1,549.20. Meanwhile, global stocks rallied to hit record highs after comments from US

Jan 10, 2020, 16:50 PM IST
World Bank predicts India's GDP growth at 5% in 2019-20

World Bank predicts India's GDP growth at 5% in 2019-20

India's gross domestic product (GDP) is expected to register a growth of just 5% in the financial year 2019-20, according to a World Bank report. While the projection for the current financial year

Jan 09, 2020, 12:30 PM IST
GDP estimated to grow at 5% in 2019-20: Government data

GDP estimated to grow at 5% in 2019-20: Government data

India's Gross Domestic Product (GDP) is estimated to register a growth of 5 per cent in 2019-20 as against 6.8 per cent in the previous fiscal, according to government data released on Tuesday (

Jan 07, 2020, 20:18 PM IST
AI, machine learning will contribute $1 tn to Indian economy by 2035: Piyush Goyal

AI, machine learning will contribute $1 tn to Indian economy by 2035: Piyush Goyal

According to Goyal, the NSE Knowledge Hub is also available on mobile and attempts to bring together world-class content and learners through this state- of- the- art and future-ready platform.

Jan 07, 2020, 11:10 AM IST
RBI allows banks to trade in forex outside market hours

RBI allows banks to trade in forex outside market hours

Dealers hailed the move as a step in the right direction to help traders hedge their bets on the domestic front.

Jan 06, 2020, 23:41 PM IST
Trade war impact: US factory sector in deepest slump in more than 10 years

Trade war impact: US factory sector in deepest slump in more than 10 years

The manufacturing sector had been under pressure for much of the second half of 2019, as tit-for-tat tariffs by the United States and China slowed the flow of goods between the world`s two largest

Jan 04, 2020, 00:01 AM IST
GST collections for December 2019 rise by 16% year-on-year to Rs 1.03 lakh crore

GST collections for December 2019 rise by 16% year-on-year to Rs 1.03 lakh crore

The IGST collected from imports, the total revenue during December 2019, increased by 9 per cent in comparison to the revenue during December 2018.

Jan 01, 2020, 20:34 PM IST
Non-subsidized LPG price hiked by Rs 19 per cylinder

Non-subsidized LPG price hiked by Rs 19 per cylinder

The price of non-subsidised liquefied petroleum gas (LPG) has been hiked by Rs 19 per cylinder.

Jan 01, 2020, 14:38 PM IST
SDG India Index: Kerala, Himachal top-ranked states; Chandigarh, Puducherry up among union territories

SDG India Index: Kerala, Himachal top-ranked states; Chandigarh, Puducherry up among union territories

Kerala retained its rank as the top state with a score of 70. Chandigarh too maintained its top spot among the UTs with a score of 70.

Dec 31, 2019, 20:04 PM IST
India's core sector growth contracts in November by 1.5 per cent

India's core sector growth contracts in November by 1.5 per cent

The index of eight core industries comprises coal, crude oil, natural gas, steel, cement, electricity, fertilizer and refinery products. 

Dec 31, 2019, 18:03 PM IST
Task force formed to identify projects for infrastructure investment: FM Nirmala Sitharaman

Task force formed to identify projects for infrastructure investment: FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said that a National Infrastructure Pipeline (NIP) Coordination Mechanism would be launched, comprising the Centre, states and private sector, for detailed

Dec 31, 2019, 16:30 PM IST
RBI's draft norms on prudential exposure limits for cooperative banks issued

RBI's draft norms on prudential exposure limits for cooperative banks issued

The Reserve Bank of India (RBI) on Monday (December 30) released a draft circular on limits on exposure to single and group borrowers/parties, large exposures and revision in priority sector lending

Dec 30, 2019, 21:05 PM IST
Indian Railways conducts successful trial run of double-decker freight trains on DFC Corridor

Indian Railways conducts successful trial run of double-decker freight trains on DFC Corridor

DFC Corridor will provide a boost to the Indian economy as well, it is said since multi-transition parks are being built on several stretches along this corridor, where thousands of people will get

Dec 27, 2019, 20:24 PM IST
India's financial system stable despite weakening domestic growth: RBI

India's financial system stable despite weakening domestic growth: RBI

The RBI on Friday released the Financial Stability Report (FSR), which states that the financial system of the country is stable. 

Dec 27, 2019, 19:37 PM IST
 Indian Railways to provide confirmed tickets, operate private trains soon

Indian Railways to provide confirmed tickets, operate private trains soon

The Modi government has given the go-ahead to complete restructuring of the Railway Board and merging its different cadres and departments into a single entity. It has also been decided that the

Dec 27, 2019, 19:10 PM IST
Finance Ministry to set up GST grievance redressal panel for taxpayers

Finance Ministry to set up GST grievance redressal panel for taxpayers

The GST Council, in its 38th meeting held on December 18, had decided that a structured mechanism be set up for the taxpayers under GST to tackle their grievances on GST-related issues of specific/

Dec 25, 2019, 19:24 PM IST
RBI's 'operational twist' version reduces long-term yield

RBI's 'operational twist' version reduces long-term yield

An immediate impact of RBI`s version of `operational twist` brought down 10-year bond yield by 15 basis points, giving a leg-up to the government in borrowing cheap.

Dec 21, 2019, 16:33 PM IST
Diesel prices rise after 9 days, petrol remains stable

Diesel prices rise after 9 days, petrol remains stable

After remaining stable for the last nine days, diesel prices increased on Thursday, while the petrol prices remained unchanged.

Dec 19, 2019, 15:55 PM IST