Home » Business » Economy

Economy - Page 87

India GDP grew 8.7 per cent in FY22

India GDP grew 8.7 per cent in FY22

Indian economy expanded at 8.7 per cent pace for the financial year 2021-22 against a contraction of 6.6 per cent in...

1 Jun 2022 12:52 AM IST

Customers buy vegetables at a market in Ahmedabad, India, September 29, 2015. (REUTERS)

Centre plans to spend additional Rs.2 L crore in one year to fight...

Indiaâ€™s retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year...

23 May 2022 2:13 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (DC file Photo)

RBI to transfer Rs 30,307 crore to government

The contingency risk buffer has also been retained at 5.5 per cent

21 May 2022 12:36 AM IST

Reserve Bank of India Governor Shaktikanta Das digitally delivers a statement. (PTI Photo)

Monster inflation forces RBI to increase repo rate

The move will lead to an increase in lending rates and make retail loans, including home loans, costly

5 May 2022 2:15 AM IST

Japans exports, imports sank in May amid pandemic fallout. (AFP Photo)

Exports jump by 24% in April

Higher energy prices were one of the key factors for the higher exports

3 May 2022 11:33 PM IST

With India betting on young workers to drive growth in one of the worlds fastest-expanding economies, the latest numbers are an ominous harbinger. (Bloomberg)

Majority of Indiaâ€™s workforce, particularly women, stop looking for...

Failing to put young people to work could push India off the road to developed-country status

25 April 2022 2:03 PM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (DC file Photo)

RBI hints at end to low interest regime in June

Central bank may shift its focus to taming inflation

23 April 2022 1:42 AM IST

Union Minister for Finance Nirmala Sitharaman and Kristalina Georgieva, Managing Director, International Monetary Fund in Washington D.C. (pib.gov.in)

Nirmala meets IMF chief; discusses impact of geopolitical situation on...

IMF chief highlighted India-'s well-targeted policy mix which helped the country-'s economy remain resilient even with a...

19 April 2022 11:10 AM IST

After unearthing a rampant fake invoicing scam to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) amended rules making it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash from January 1. (ANI File)

5 per cent GST rate may give way for 3%, 8% slabs

Every 1% increase in 5% slab, which mainly includes packaged food items, would roughly yield an additional revenue of...

17 April 2022 9:52 PM IST

The Telangana Petroleum Dealers Association is also deeply concerned over the fate of petrol pumps on state borders. Representational Image. (ANI)

India-'s fuel sales hit 3-year high in March

Fuel demand in the fiscal year ending March 31, 2022 was up 4.3 per cent at 202.71 million tonnes, the highest since...

12 April 2022 4:12 AM IST

Infrastructure push can re-ignite economic growth, says RBI Governor Shaktikanta Das. (PTI Photo)

RBI cuts growth outlook, interest rate unchanged

Market interest rates will start increasing at a faster pace now which is positive for savers, especially the depositors

8 April 2022 11:10 AM IST

A fuel station attendant pumps petrol into a two-wheeler at a filling station in Mumbai. (PTI file photo)

Petrol, diesel prices hiked by 40 paise; total increase stands at Rs...

Rates have been increased across the country and vary from state to state, depending upon the incidence of local...

5 April 2022 2:22 AM IST