The first update to India's Consumer Price Index in 11 years has confirmed what economists and the Reserve Bank of India have been saying even under the outdated CPI basket: underlying inflation pressures in the economy are low, but they are set to rise ahead.
Data released last week showed retail inflation was 2.75% in January, according to the new CPI series, which uses 2024 as the base year. The Ministry of Statistics and Programme Implementation Thursday released the new CPI series, which widens coverage and tracks prices of 358 items, sharply up from 299 items in the old series.
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India and France have agreed to remove double taxation for companies and individuals in a move aimed at boosting trade, investment, and mobility, Prime Minister Narendra Modi said Tuesday. The two countries also decided to elevate their ties to a special global strategic partnership, PM Modi announced at a press conference with French President Emmanuel Macron in Mumbai.
Based on trust and shared vision, today we are establishing our relations as special global strategic partnership. This partnership is not just strategic," PM Modi said. "In today's tumultuous world, this is a partnership of
Based on trust and shared vision, today we are establishing our relations as special global strategic partnership. This partnership is not just strategic," PM Modi said. "In today's tumultuous world, this is a partnership of
Gold prices are expected to fluctuate around the $5,000 per troy ounce mark in the near term, as uncertainty over US interest rates and easing geopolitical tensions limit further upside, according to Commerzbank.At the start of this week, gold briefly climbed above the $5,000 per troy ounce threshold, but prices have since retreated towards $4,900 per ounce, indicating difficulty in sustaining significant gains, it said.
The German lender said the metal's struggle to extend its rally is partly linked to the uncertain US interest rate outlook. "Although expectations of US rate cuts — as refle
The German lender said the metal's struggle to extend its rally is partly linked to the uncertain US interest rate outlook. "Although expectations of US rate cuts — as refle
The government will continue to provide credit support to exporters under the Export Promotion Mission irrespective of the conclusion of the trade deal with the US, Department of Financial Services Secretary M. Nagaraju said Tuesday. The sub-schemes under the mission will continue if there is demand, Nagaraju said.
After the US imposed a 50% tariff, including a 25% punitive tariff, on Indian goods in August, the government announced the rollout of the Export Promotion Mission to support exporters. India and the US announced a trade deal, under which Washington has committed to cutting the re
After the US imposed a 50% tariff, including a 25% punitive tariff, on Indian goods in August, the government announced the rollout of the Export Promotion Mission to support exporters. India and the US announced a trade deal, under which Washington has committed to cutting the re
The sowing of summer crops has commenced across India, with the acreage under such crops reaching 1.52 million hectares as of Friday, up nearly 3% from 1.48 million hectares sown in the corresponding period last year, according to a report from the agriculture ministry. The area under rice, the country's largest summer crop by both acreage and production, was down nearly 3% on year at 1.28 million hectares.
The area sown under all coarse cereals rose 64% on year to 82,000 hectares, the report showed. The acreage under maize, the leading coarse cereal in terms of area and production during th
The area sown under all coarse cereals rose 64% on year to 82,000 hectares, the report showed. The acreage under maize, the leading coarse cereal in terms of area and production during th
Spot gold prices fell Tuesday tracking futures contracts on the Multi Commodity Exchange of India and the COMEX due to thin trading as major markets are shut for public holidays, analysts said. China and many other Asian countries’ markets are shut Tuesday for Lunar New Year celebrations. Markets in the US were closed on Monday for Presidents’ Day. Prices were also down due to easing geopolitical tensions.
In Mumbai, the spot price of gold of 99.9% purity was INR 151,195 per 10 grams on Tuesday, down from INR 154,080 per 10 grams on Monday, said Kumar Jain, spokesperson for the India Bullion
In Mumbai, the spot price of gold of 99.9% purity was INR 151,195 per 10 grams on Tuesday, down from INR 154,080 per 10 grams on Monday, said Kumar Jain, spokesperson for the India Bullion
The government has raised the base import price of gold by $106 to $1,624 per 10 gm, according to a notification issued by the Central Board of Indirect Taxes and Customs late Friday. The base import price of silver has been raised by $50 to $2,707 per kg. The base import prices of both precious metals were last revised on Feb. 3.
The government normally revises base import prices of gold and silver every fortnight, and these are used to calculate the duty on these precious metals that individuals bring into the country. India is one of the world's biggest importers of silver and the largest
The government normally revises base import prices of gold and silver every fortnight, and these are used to calculate the duty on these precious metals that individuals bring into the country. India is one of the world's biggest importers of silver and the largest
The Reserve Bank of India Friday issued draft amendment directions on lending to Real Estate Investment Trusts and Infrastructure Investment Trusts. It sought comments on the draft by Mar. 6. RBI Governor Sanjay Malhotra had announced the regulator's plans to allow banks to lend to REITs at the outcome of the Monetary Policy Committee meeting on Feb. 6.
The above draft Amendment Directions propose to permit commercial banks to extend finance to REITs, subject to appropriate prudential safeguards including regulatory ceiling for exposure to REITs," the RBI said in the release. The regulator h
The above draft Amendment Directions propose to permit commercial banks to extend finance to REITs, subject to appropriate prudential safeguards including regulatory ceiling for exposure to REITs," the RBI said in the release. The regulator h
Traditionally seen as a threat to jobs, Artificial Intelligence has the potential to improve the state of employment in India, according to Chief Economic Adviser to the Government V. Anantha Nageswaran. Urgent reforms with holistic effort from the government, academia, and the private sector can help India become "the first large society where human abundance and machine intelligence reinforce, and not undermine, each other", Nageswaran said Monday.
This will not happen by drift; this will require an urgent say. It will require political will, it will require state capacity, and it will req
This will not happen by drift; this will require an urgent say. It will require political will, it will require state capacity, and it will req
Prices of chana and urad are expected to decline in the short term, while prices of tur are likely to be range-bound to weak, the India Pulses and Grains Association said in its weekly report on Monday. Chana and urad prices are weighed down by a rise in arrivals of the new rabi crop amid a slowdown in demand from millers. Tur prices are likely to be under pressure from arrivals, but a steep fall in prices could be prevented due to costlier imports, the association said.
Chana prices are expected to remain under pressure in the near term due to a rise in arrivals of the new rabi crop from Gu
Chana prices are expected to remain under pressure in the near term due to a rise in arrivals of the new rabi crop from Gu
Spot gold prices fell Friday tracking the futures contracts on the Multi Commodity Exchange of India and the COMEX. Prices fell due to profit booking after futures contracts rose to a record high in the previous session, analysts said. Market sentiment was also hurt by rumours that the US Federal Reserve could get a more hawkish Chair. However, the fall in prices could be limited due to the geopolitical tensions between the US and Iran.
In the Mumbai spot market, the price of gold of 99.9% purity was INR 168,475 per 10 grams, lower than INR 176,121 per 10 grams Thursday, said Kumar Jain, sp
In the Mumbai spot market, the price of gold of 99.9% purity was INR 168,475 per 10 grams, lower than INR 176,121 per 10 grams Thursday, said Kumar Jain, sp
As Swiggy Ltd.'s net loss increased in the December quarter, the company blamed market irrationality for impacting overall growth of entities in the food delivery and quick-commerce space. This irrationality, along with intense competition, is likely to continue in the coming quarters as well, with companies struggling to retain customers as they rapidly switch from one platform to another, the management said in a post-earnings conference call with analysts.
The competition that we saw started in fact from October itself...and we believe that it will remain at the same level. There are e
The competition that we saw started in fact from October itself...and we believe that it will remain at the same level. There are e
The Economic Survey for 2025-26 (Apr-Mar) made a case for the government to continue with just debt-to-GDP fiscal consolidation glide path without laying down a definite fiscal deficit path, dashing the hopes of those expecting an announcement on the latter in the upcoming Budget for FY27. According to the Survey, authored by a team led by Chief Economic Adviser to the government V. Anantha Nageswaran, a debt glide path lets the government continue with fiscal consolidation while ensuring there is adequate room to make adjustments based on the evolving needs of the economy.
The Reserve Bank of India’s announcement of an INR-250-billion, 90-day variable rate repo auction Friday has brought confusion among market participants due to the unusually long length of the operation. That initial hesitation has turned to anticipation of full subscription after the RBI introduced a unique prepayment option for subscribers at the auction.
On Tuesday, the RBI said participants will have an option to prepay the amount borrowed at the 90-day VRR auction at least two days prior to the original date of reversal, which is Apr. 30. However, there is no option for partial prepayme
On Tuesday, the RBI said participants will have an option to prepay the amount borrowed at the 90-day VRR auction at least two days prior to the original date of reversal, which is Apr. 30. However, there is no option for partial prepayme
Prime Minister Narendra Modi Thursday urged all manufactureres, producers and industrilaists to take advantage of the free trade agreement India has signed with the European Union, as the pact has thrown open a big market for them.
Addressing mediapersons outside Parliament, the prime minister also called upon members of Parliament to "come forward and expedite the process of decisionmaking" in the Budget Session. In a dig at the opposition, Modi said this was not the time for "interruption but for solutions".
Addressing mediapersons outside Parliament, the prime minister also called upon members of Parliament to "come forward and expedite the process of decisionmaking" in the Budget Session. In a dig at the opposition, Modi said this was not the time for "interruption but for solutions".
Prices of tur, or pigeon pea, have been on a steep upward trend for a few days as production of the 2025-26 (Jul-Jun) tur crop is seen falling short of expectations in terms of both quality and quantity, analysts and traders said. A slowdown in imports and the government's procurement is also driving prices of the legume higher, they said. Tur prices are likely to rise further, with some market participants expecting them to touch the INR 9,000 per 100 kilogram mark in the near term.
On Tuesday, prices of tur in Akola, Maharashtra, were INR 6,700-INR 8,400 per 100 kg, while prices in Katni,
On Tuesday, prices of tur in Akola, Maharashtra, were INR 6,700-INR 8,400 per 100 kg, while prices in Katni,
India's talks with Chile for a free trade agreement are nearing conclusion, a commerce ministry official said. Discussions for a trade deal with the US are also ongoing in a "cordial manner," the official added. The government official mentioned that Canada wants to expedite the trade talks with India. New Delhi, which is engaged in trade talks with several countries and regions, recently concluded a free trade agreement with the European Union, making it the fourth trade deal this financial year.
Futures contracts of gold and silver on the Multi Commodity Exchange hit fresh record highs, tracking the all-time highs hit by contracts on the COMEX. Prices of silver surged past the INR 400,000 per kilogram mark, while those of gold rose above the INR 180,000 per 10 grams level as tensions between the US and Iran fuelled safe-haven demand. Prices were also supported by a weak dollar.
Threat of war between the US and Iran loomed after US President Donald Trump told Iran that time was running out and that a huge US armada was moving quickly towards the country “with great power, enthusiasm
Threat of war between the US and Iran loomed after US President Donald Trump told Iran that time was running out and that a huge US armada was moving quickly towards the country “with great power, enthusiasm
The trade talks that began in 2023 concluded on Monday during the visit of European Commission President Ursula von der Leyen and European Council President Antonio Costa in New Delhi. The EU accounts for more than 15% of India's total exports. India shipped goods worth $78.85 billion to the bloc in 2024–25 (Apr–Mar) and posted a trade surplus of $15.17 billion.
Under the trade deal, India will cut tariffs to 0% on plastics, aircraft, chemicals, iron and steel, pharmaceuticals, sheep meat, biscuits, pet food, pastries, bread, pasta, chocolate, fruit juices, non-alcoholic beer, 20% of pearls,
Under the trade deal, India will cut tariffs to 0% on plastics, aircraft, chemicals, iron and steel, pharmaceuticals, sheep meat, biscuits, pet food, pastries, bread, pasta, chocolate, fruit juices, non-alcoholic beer, 20% of pearls,
Recognising the importance of commercial and investment partnerships in each other's energy sector, India and Canada Tuesday signed a joint statement on energy cooperation. Under this agreement, Ottawa will ship more crude oil, liquefied natural gas and liquefied petroleum gas to India, while New...