Economy

India’s October palm oil imports rise 60% m/m, trade body says

India's palm oil imports in October rose 60% from September to 845,682 metric tons on festive demand and as refiners boosted purchases to...

Rate cut unlikely even in February, inflation to dip January onwards: SBI research

New Delhi: The interest rate cut by the Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI...

Industrial output expands 3.1% in September on base effect, festivals

NEW DELHI: India's industrial output rebounded in September, growing 3.1%, after contracting 0.1% in August - a 22-month low - driven by a...

India may cut import taxes if desi companies are not hurt, FM Sitharaman says

India’s Finance Minister Nirmala Sitharaman has said the country could consider easing some import taxes, as long as these changes in duties do...

Despite revoking GSP status in Trump 1.0, India-US trade surged, Trump 2.0 could continue the trend: SBI

New Delhi: Despite losing Generalized System of Preferences (GSP) status under the Trump administration's first term, India's trade with the United States demonstrated...

Reaching $100 b in Indo-Russian trade realistic: Jaishankar

New Delhi: There is a strong possibility of India-Russia bilateral trade attaining the $100 billion target by 2030, external affairs minister S Jaishankar...

RBI issues framework for reclassification of FPI to FDI

The Reserve Bank of India on Monday issued an operational framework for reclassification of investment made by a foreign portfolio investor to foreign...

Govt may raise EPFO wage ceiling and lower employee threshold for enhanced social security for workers

New Delhi: The Centre may soon raise the wage ceiling and lower the headcount threshold under the Employees' Provident Fund Organisation (EPFO) as...

RBI may defer rate cut call to February as inflation’s still hot

India's central bank is likely to defer a decision on slashing rates to at least February, economists said, illustrating the risks posed by...

CPI inflation is likely to breach 6% in October: UBI report

The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures....

Over 100,000 new crorepati taxpayers have emerged in India in three years. What’s driving this rise in high earners?

India is now home to more than 220,000 people with a taxable income of over Rs 1 crore. This is a staggering five-fold...

Charmadi Ghat, a key highway in Karnataka to be widened at Rs 343 Cr: MP

Dakshina Kannada MP Capt. Brijesh Chowta on Saturday said the Charmadi Ghat section of National Highway-73, a vital passage through Karnataka's Western Ghats,...

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