The rupee declined 35 paise to 82.63 against the U.S. dollar in early trade on Monday as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. Besides, foreign fund outflows and rising crude oil prices in the international market impacted the domestic unit, forex traders said. […]
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Rising gas prices have constrained CNG penetration in commercial vehicles to 9-10 per cent in the current fiscal from peaks of 16 per cent, Icra Ratings said on Friday. A spurt in global energy prices has led to a 70 per cent jump in the price of CNG in the last one year. This has […]
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Benchmark equity indices Sensex and Nifty traded almost flat in morning trade on Thursday as gains from crude oil prices and select banking stocks were offset by losses in IT and FMCG shares amid assembly poll results in Himachal Pradesh and Gujarat. The 30-share BSE Sensex rose marginally by 28.87 points or 0.05 per cent […]
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The Reserve Bank of India this week launched the digital rupee on a pilot basis. | Photo Credit: FRANCIS MASCARENHAS The story so far: The Reserve Bank of India this week launched the digital rupee on a pilot basis. The digital currency will be offered by a select group of public and private banks in […]
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India’s goods exports contracted for the first time since February 2021 in October, and the Finance Ministry said that the slowdown in China has also affected global trade. File | Photo Credit: Reuters The outlook for India’s exports may be dented by the global slowdown driven by the confluence of stubbornly high inflation, rising borrowing […]
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Image used for representational purpose only. | Photo Credit: The Hindu India is well placed to grow at a “moderately brisk rate” in the coming years on the back of macroeconomic stability, despite global monetary tightening, a Finance Mnistry report said on Thursday. It further said inflationary pressures will ease in the coming months with […]
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The challenge for policy-makers in India is how to be creative about our own problems given our strengths. Pulapre Balakrishnan has written a highly readable and insightful take on the story of India’s growth and development since independence from British colonial rule. Though this story has been told many times, in India’s Economy from Nehru […]
Continue ReadingThe wholesale price-based inflation declined to a 19-month low of 8.39 per cent in October, on easing prices of fuel and manufactured items. This is the first time in 19 months that WPI inflation print has come in single digit. The last was in March 2021 at 7.89 per cent. Since April 2021, WPI inflation […]
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How eviction was used as a tactic by house-owners to raise rent in the face of strict rent control laws How eviction was used as a tactic by house-owners to raise rent in the face of strict rent control laws Geddes, Eilidh and Holz, Nicole, Rational eviction: How landlords use evictions in response to rent […]
Continue ReadingIndia imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three quarters in any year. Two-way trade has crossed $100 billion India imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three quarters […]
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