Browsing Category
Economy
US leads world as top recipient of foreign direct investment : IMF Report
Washington, Dec 16: The US consolidated its position as the world’s top recipient of foreign investment in 2020, a year in which the global total increased by 6 percent despite the pandemic, the International Monetary Fund (IMF) said in a…
Three names in the fray for next Chief Economic Adviser
Ahead of the three-year term of the outgoing Chief Economic Adviser (CEA) KV Subramanian coming to an end next week, three names have been shortlisted for the position. Two women candidates — Pami Dua, Professor, Delhi School of Economics,…
Insect hits 9L acres of chilli crop in south India; experts point to use of pesticide
A NEW species of insect is damaging the chilli crop in several states in south India. Thrips Parvispinous, an invasive insect from Indonesia first seen in 2015, has spread rapidly, affecting chilli crop in nearly 9 lakh acres in Telangana…
Markets move away from Omicron fears; Sensex gains over 1,000 points
NEW DELHI: Even as the whole world is taking a precautionary measure to control the spread of Omicron, it seems the impact of this new coronavirus variant is fading away from investors’ sentiment. The benchmark index — Sensex — on Wednesday…
Retail inflation expected to be around 5.3 per cent in current fiscal: RBI
MUMBAI: Projecting the inflation trajectory in line with its earlier estimate, the Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year.
It is expected to…
Reserve Bank of India to introduce UPI based payment solutions
With an aim to promote wider digitisation, Reserve Bank of India (RBI) on Wednesday announced that UPI-based digital payment solutions will be launched on feature phones.
Only smartphone users have been availing Unified Payments…
RBI lets Schrodinger’s cat out of the bag, admits rate corrections can’t fight inflation…
It appears that inflation has entered the state of Schrodinger's theory, where price rise is both temporary and persistent simultaneously.
On Wednesday, the RBI confirmed that headline inflation will likely peak in January-March 2022,…
No plan to cut 18 per cent GST on insurance premiums: Government
NEW DELHI: Despite frequent requests from the insurance sector to reduce 18% Goods and Services Tax levied on the insurance premium, the Centre has said currently there is no recommendation to reduce the GST rate on health insurance…
India ‘very unequal’, top 10% hold 57% of national income: Inequality Report
India stands out as a “poor and very unequal country, with an affluent elite”, where the top 10 per cent holds 57 per cent of the total national income while the bottom 50 per cent’s share is just 13 per cent in 2021, according to the…
