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India's WPI-based inflation reaches 13-month high of 1.26% in April
April 2024 WPI: Prices of crude petroleum & natural gas and food articles witnessed a surge in April 2024 compared to March 2024, while prices of non-food articles and minerals saw a decline
EPFO introduces auto claim settlement for education, marriage, housing
Auto mode of claim settlement was introduced in April, 2020 for the purpose of advance for illness
Timeline: 21-year long effort by India to set up port in Chabahar
Monday's agreement is expected to finally realise efforts by India to gain a strategic foothold in the region
SC issues notice to centre over petition on imposition of GST on JDA
The Telangana High Court had held that JDA is different from an agreement for the sale of land and therefore the rights under this should be taxed
India's import from FTA partner nations up 38% in FY24 against FY19
"This growth highlights the significant and varied impact of free trade agreements on India's global trade dynamics," GTRI said in a report
Urban demand slows down for FMCG products as rural picks up steam
According to Kantar Worldpanel, rural has overtaken urban growth at the quarterly level quicker than expected
Nearly 51 mn person years of employment created annually in last 10 years
A person-year is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in hours
Retail inflation eases to 4.83% in April on softening fuel prices
Core inflation has also trended downwards at 3.2 per cent, which is the lowest in the 2012 base CPI series
Over dozen states have higher inflation than national avg of 4.83% in April
The cost of living rose faster in 13 states in the last month compared to the national print of 4.83 per cent. Odisha registered the highest rate of inflation among the states at 7.11 per cent
After long wait, India inks Chabahar port's 10-year deal with Iran
India's plans with the port go beyond commercial interests, according to the Centre
Domestically held gold reserve rise by 40% in 5 years, shows RBI data
As of the end of March 2024, the Reserve Bank of India held a total of 822 metric tonnes of gold, with 408 metric tonnes held within the country
India Exim Bank looks for $3.5 bn foreign currency borrowings in Fy25
The bank raised foreign currency resources of $3.26 billion equivalent during the financial year 2024
Retail inflation eases to 4.83% in April, surge in food prices continues
Retail inflation eased to 4.83 per cent in April as prices of some kitchen items declined, according to government data released on Monday.
The Consumer Price Index (CPI) based retail inflation was 4.85 per cent in March. It was 4.7 per cent in April 2023.
Inflation in the food basket was at 8.70 per cent in April, marginally up from 8.52 per cent in March, according to the data released by the National Statistical Office (NSO).
The government has tasked the Reserve Bank to ensure inflation remains at 4 per cent, with a margin of 2 per cent on either side.
According to the Reserve Bank, which factors in consumer inflation while arriving at its bi-monthly monetary policy, food price uncertainties continue to weigh on the inflation trajectory going forward.
514 million person-years employment created during 2014-24: Report
A SKOCH report on Monday claimed that 51.40 crore person years of employment was generated between 2014 and 2024 during the Modi government regime.
A man-year or person-year is a unit of measurement for the amount of work done by an individual throughout the entire year expressed in hours.
The report titled, Employment Generative Impact of ModiNomics: The Paradigm Shifts, is based on 80 case studies covering borrowers who took multiple loans and data of various government schemes..
"Over a period between 2014-24, a total of 51.40 crore employment has been generated. Out of which 19.79 crore employment has been generated by governance-led interventions. The rest, 31.61 crore, has been contributed by credit-led interventions," a release said.
SKOCH Group is India's think tank dealing with socio-economic issues, focusing on inclusive growth since 1997..
The current study also finds that micro-loans are being used to generate employment that is steady and stable, it stated.
"We have
India's imports from FTA partners up 38% during 2019-24 fiscal years: GTRI
India's imports of goods from countries with which it has a free trade agreement like the UAE, South Korea, and Australia grew about 38 per cent during 2019-24 fiscal years to USD 187.92 billion, according to think tank GTRI.
On the other hand, the country's exports to the FTA (free trade agreement) partners rose 14.48 per cent to USD 122.72 billion in 2023-24 from USD 107.20 billion in 2018-19.
"From FY'2019 to FY'2024, India's imports increased by 37.97 per cent, from USD 136.20 billion to USD 187.92 billion. This growth highlights the significant and varied impact of free trade agreements on India's global trade dynamics," the Global Trade Research Initiative data showed.
According to the data, India's exports to the UAE increased by 18.25 per cent to USD 35.63 billion in 2023-24 as against USD 30.13 billion in 2018-19, while imports surged 61.21 per cent, from USD 29.79 billion in FY2019 to USD 48.02 billion in the last fiscal.
The FTA between India and the UAE came into effect
India, Iran to ink 10-year agreement to manage and operate Chabahar port
The deal, significant for its potential impact on trade and geopolitics, had been in the works for years but had been stalled for various reasons
India to sign 10-year agreement with Iran to manage Chabahar Port
Chabahar Port will serve as a vital link connecting India to Afghanistan, Central Asia, and the broader Eurasian region
Friday's thunderstorm caused an 11 GW electricity load crash in North India
According to reports from state load despatch centres in North India, electricity demand fell by half in just 30 to 55 minutes when the storm hit
China credit shrinks for first time, decreases by almost $28 billion
Credit contracts as government bonds record net repayment
Phase IV LS polls: Most constituencies lag on key development indicators
All 96 constituencies likely to miss 2030 anaemia target for women