On one side when the festive season comes with a boom to the aggregate economy, it also brings a number of expenses to the people where individuals overspend and goes out of their pocket to fulfil the necessities and desire of their family members. This overspending often leads people to take debts and personal loans […]
Since China is the world’s largest trading nation, a slowdown in its economy is likely to affect its trading partners. Certain Asian nations like Taiwan, Malaysia, Korea and Thailand and African countries such as Congo, Zambia, Angola and Gabon are likely to be more vulnerable due to their significant exposure to China, CareEdge Ratings has […]
India will spend nearly Rs 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the Rs 67 lakh crore spent in the previous seven starting fiscal 2017, Crisil has said. Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with fiscals 2017-2023. Amish […]
In a conversation with entrepreneurs on Wednesday, Chief Minister Yogi Adityanath underscored the importance of small-scale industries and said that they are the backbone of the economy. He highlighted that employment generation and economic self-reliance of families are possible only through small-scale industries. He also assured the entrepreneurs that those who violate the law in […]
The villagers and commuters in Khothagpa, Pema Gatshel, are greatly benefiting from a little vegetable sales booth established along the roadside. In addition to offering locally farmed, fresh fruit, it is also contributing to the local economy, Bhutan Live reported. In 2018, the government built the sales counter for the Khothagpa dairy group. Farmers have […]
Finance Secretary T V Somanathan said that the retail inflation in India is expected to ease by December, attributing it to more favorable seasonal factors, the news agency Reuters reported. Despite staying above the upper limit of the central bank’s 2-6 per cent tolerance band for the second consecutive month in August, retail inflation has […]
The Reserve Bank of India (RBI) has released preliminary data on India’s Balance of Payments (BoP) for the first quarter (Q1) of the fiscal year 2023-24, covering the period from April to June. The data reveals significant developments and trends in India’s economic position on the global stage. One of the standout features of India’s […]
Rising oil prices are a concern for the Indian economy but its outlook remains bright after better September monsoons and a retreat in the prices of some key food items, the government said in its monthly economic report on Friday. The comment comes as oil prices rose to 10-month highs earlier this week before easing, […]
India’s vegetable oil imports have increased by 33 per cent year-on-year (YoY) to reach 18.66 lakh tonne in August. This is attributed to lower duties and a revival of demand after a decline in domestic rates, as reported by the Solvent Extractors’ Association (SEA). India is the world’s leading vegetable oil buyer, and its imports […]
