Until the beginning of this year, the country had saved enough for the rainy day, because of strong capital flows in the past. However, those reserves are depleting fast. India lost nearly $85 billion of its forex reserves in the first half of the fiscal year, the second biggest depletion […]
The Federal Reserve is laser-focused on stemming price increases in the United States, but countries thousands of miles away are reeling from its hardball campaign to strangle inflation, as their central banks are forced to hike interest rates faster and higher and a runaway dollar pushes down the value of […]
In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months. This relates to data of september month. The second consecutive month of rise in consumer price index (CPI)-based inflation will […]
India has emerged as “a bright light” at a time when the world is facing imminent prospects of a recession, the chief economist of the International Monetary Fund (IMF) said on 12 October, noting that the country, however, needed key structural reforms in order to achieve the ambitious target of […]
India is on track to attract $100 billion in foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on September 24, 2022. In 2021-22, the country received the “highest ever” foreign inflows of $83.6 billion. “This FDI has come […]
The Indian rupee on 22 September fell to all-time low of 81.20 against US dollar in early trade on the back of US Treasury yields climbing to fresh multi-year highs and dollar demand from importers. Currently the rupee had suffered its biggest single session percentage decline since February, due to […]
National logistics policy was initially mentioned in 2020 by Finance Minister Nirmala Sitharaman in her address regarding the budget. The government claims that there are efforts on to implement an integrated and technologically enabled approach to logistics operations, which will be effective throughout the entire process and be useful in lowering logistics costs […]
Inflation is a general progressive elevation in the prices of services and goods within the economy. It denotes the rate of prices’ elevation within a specific duration. Inflation reduces the purchasing power of money since every unit of currency buys lesser services and goods. Generally, when inflation occurs, the income usually […]
MSME has introduced in the year 2006 in India. There are still some service sector that was not yet included in this sector was included in the definition of the Micro, Small and Medium-sized Enterprises making a historic change to this Act. The MSME sector in India gave a major boost to the […]
India has overtaken the UK to become the fifth-largest economy in the world. Economists and business executives anticipated that India’s position would continue to improve in the years to come due to greater economic growth. According to figures from the International Monetary Fund (IMF), India passed the United Kingdom (UK) to become […]
India is home to some of the most stunning natural attractions and historical sites in the world. With so many places to visit and things to do, it’s hard to know where to start. But if you want something off-the-beaten path, these 10 destinations are sure to satisfy your wanderlust.
In the august meeting of the committee of the apex bank, the Reserve Bank of India (RBI) hiked the repo rate by 50 basis points to 5.4 per cent, its third hike in the current financial year continuing its fight to tame stubbornly high inflation. The decision of the six-member […]
In his Independence Day speech on Monday, Prime Minister Narendra Modi said that India should take a pledge to become a developed country by 2047 – the 100th year of independence. The prime minister urged citizens of the country to work towards achieving the “panch pran”, or five pledges, in […]
Already under pressure due to the surging demand for semiconductors amid the COVID-19 pandemic followed by the Russia-Ukraine war and now inflation, the chip industry is now witnessing signs of stress following US House Speaker Nancy Pelosi’s visit to Taiwan. The effects of the global chip shortage last year, highlighted […]
China’s real estate sector has a debt problem. Large property developers like the embattled company Evergrande have racked up massive amounts of debt, leading to construction stoppages and lots of angry homebuyers. Amid the turmoil, buyers across China have banded together and threatened to stop paying mortgages on over three hundred unfinished housing projects. […]
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