Currently, Mohan is serving as president emeritus and distinguished fellow at CSEP and is also part-time member of the Prime Minister's Economic Advisory Council

The benchmark 10-year bond yield ended at 7.0934%, following its previous close of 7.1030%

"In view of feedback received and recent developments, it has been decided that these directions will now come into effect from Friday, May 03, 2024," RBI said

Easing inflation, a smaller fiscal deficit and a turn in US Federal Reserve's policy rates create grounds for policy rate cuts in India

Onion prices could lead to vegetarian thali prices increasing later, says CRISIL

HSBC Bank survey says 'buoyant demand' led to a 'cascade of positivity for the sector'

The 1.97-trillion-rupee ($24 billion) production-linked incentive scheme (PLI) is India's key industrial policy and covers 14 sectors ranging from electronic products to drones

In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction

China imported 1.82 million barrels per day of Russian crude by sea in March, exceeding India's 1.36 million bpd

So far, India has allowed only partial commercialisation for its three existing SPRs in southern India, which have a combined capacity of 36.7 million barrels

The windfall tax, which is revised fortnightly, remains at zero for diesel and aviation turbine fuel

The monetary policy committee of the RBI had hiked the policy repo rate by 250 basis points (bps) between May 2022 and February 2023 before hitting a pause

The highway authority has constructed 6,644 km stretch, exceeding its FY24 construction target, according to an official

Labour productivity and the working-age population, the twin engines of growth in the South Asian region, are slowing

Merchandise exports grew at fastest pace in 20 months at 11.9% in Feb

The objective of the joint call is to create solutions and use cases in the mutual areas of interest using high-performance computing, said the ministry

Out of the total production of 147.2 MT, the power sector captive mines produced around 121.3 MT, captive mines of the non-power sector produced 8.4 MT

OPEC+ members, led by Saudi Arabia and Russia, last month agreed to extend voluntary output cuts of 2.2 million barrels per day (bpd) until the end of June to support the market

The indirect tax collection for FY24 has exceeded the revised estimates (RE) of Rs 14.84 lakh crore by "a handsome margin", helped by a record GST mop-up, a top government official said. Lauding the efforts of tax officials, CBIC chairman Sanjay Kumar Agarwal, in a letter to field officials, said, "I am happy to inform that the indirect tax collections for the Financial Year 2023-24, including Customs and Union Excise Duty have exceeded the Revised Estimates by a handsome margin". This achievement not only reflects professionalism but also underscores the strength of teamwork and perseverance within the CBIC community, he said, adding that "your relentless efforts have not gone unnoticed, and I extend my heartfelt appreciation to each and every member for their invaluable contributions throughout the year". The gross GST mop up for 2023-24 also marks a milestone with the collection of Rs 20.18 lakh crore -- comprising state GST, Central GST, integrated GST and compensation cess -- .

As India heads into a general election this month, the economy is growing faster than expected amid signs prices are trending lower though food inflation remains a risk