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Latest Articles in Economy

Govt Enhances Scope Of MTA Scheme For Agri Exports

The government announced the scheme for providing financial assistance for transport and marketing of agricultural products to boost exports of such commodities to certain countries in Europe and North America.

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Centre Release Rs. 56,027 Cr Under Various Export Promotion Schemes

The ministry also said that a total amount of 56,027 crore is being released under various export promotion schemes.

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India Reasserted Its V-shaped Recovery, Amid Intense Second Wave: Economic Review Data

Even as the Fiscal Year (FY) 22 Quarter (Q)1 output was affected by the second Coronavirus wave, it was good enough to post a year-on-year (YoY) growth of 20.1 per cent, which is recovering over 90 per cent of the pre-pandemic Q1 output of FY20.

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MoEFCC Unveils National Clean Air Programme Portal, “PRANA”

Putting 132 cities across the country on the radar, the PRANA portal is going to track the physical and financial status of city air action plan implementation.

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Inflation Likely Remained Steady At 5.60% In August

Inflation would be within the Reserve Bank of India's (RBI) 2-6% comfort range for a second month. But it has been above the medium-term target of 4% for nearly two years.

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India, ADB Sign $300 Million Loan To Expand Rural Connectivity In Maharashtra

The loan was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, and Takeo Konishi, Country Director of ADB’s India Resident Mission signing for ADB.

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WHO Urges To Halt Booster Shots For Rest Of The Year

Tedros acknowledged that third doses might be necessary for at-risk groups, but said: “We do not want to see widespread use of boosters for healthy people who are fully vaccinated."

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India's Criticism Of Infosys, Tata Worries Businesses

A mutual fund manager with Infosys and Tata Investments said he was concerned as he indicated that “the government was not pro-business,” and there were concerns that other companies might face the to such a reaction in the event of failure.

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Govt Sticks To Sep 15 Deadline For Putting Financial Bids For Air India

Salt-to-software conglomerate Tata Group was among the "multiple" entities that had put in preliminary bids for buying loss-making Air India in December last year.

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India-Japan Discuss Climate Change, Green Hydrogen In High-Level Policy Dialogue On Environment

The minister of environment of Japan mentioned that both countries can strengthen bilateral cooperation through the Joint Credit Mechanism (JCM), Coalition for Disaster Resilience Infrastructure (CDRI) and could also explore collaboration in areas endorsed by the G20, especially on climate, environment and energy

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El Salvador Becomes First Country To Adopt Bitcoin As Legal Tender

President Nayib Bukele, who has pushed for adopting the cryptocurrency, says it will help Salvadorans save about $400 million the government calculates is spent annually on commissions for remittances, while giving access to financial services to the unbanked.

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Taliban Takeover Alters Trade; Spices, Dry Fruit Price Increase

The trade between India and Afghanistan has come to a halt. Ahead of the festival season in India, many varieties of dry fruits and spices are in short supply due to disruption in Indo-Afghan trade, and prices have skyrocketed.

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India Continues To ‘lag Way Behind’ In COVID Vaccination, Increasing Debt To GDP: Fitch Ratings

Meanwhile, India has administered more than 70 crore vaccine doses so far. The country has administered more than 1 crore doses daily in 3 out of the last 11 days.

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Reopen Schools Or Disaster Looms, Experts Tell Indian Authorities

As new infections have stabilised around 40,000 a day in the past few weeks, some Indian states have restarted face-to-face teaching, mainly for middle school and above. Experts say that is not enough.

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Uttarakhand Government Rejigs Over 60 IAS, IPS Officers To Overhaul State Administration

The state government of Uttarakhand recently announced rejig of top brass bureaucrats in the state, in a bid to strengthen the state’s administration ahead of polls.

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