Economy
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India's service sector activity falls to 6-month low in September amid inflationary pressures: PMI
Business | Oct 06, 2022, 11:56 AM ISTService Sector Tumbling: The depreciation of the rupee posed additional challenges to the Indian economy. The latest report is contrary to the data that showed private sector sales rose at the weakest pace in six months, amid softer increases in the manufacturing and services economies.
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India set to become 10 trillion-dollar economy by 2030: Hardeep Singh Puri
Business | Sep 16, 2022, 08:26 AM ISTPuri addressed 25th Energy Technology Meet, organized by Centre for High Technology, under the aegis of Petroleum and Natural Gas Ministry, Govt of India, in association with Hindustan Petroleum Corporation Ltd in Mumbai.
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Multimodal transport system vital for India to become $5 trillion economy in 5 years: Gadkari
Business | Sep 09, 2022, 08:17 PM ISTAddressing the 41st meeting of the Transport Development Council (TDC) at Bengaluru on Friday, he opined that the Centre and the states will have to work together over the next five years to transform the transport sector if the country wants to achieve a $5 trillion economy.
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Adani to build 3 giga factories as part of USD 70 bn green investment
India | Sep 07, 2022, 03:25 PM ISTThe announcement comes weeks after rival billionaire Mukesh Ambani announced a fifth Giga factory as part of an investment in low carbon energy.
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India beats UK to become world's fifth largest economy
Business | Sep 03, 2022, 09:02 AM ISTIndia world's fifth largest economy: The report stated that the size of the Indian economy in 'nominal' cash terms in the March quarter was $854.7 billion.
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Indian economy seeing green shoots! Grows 13.5% in June quarter - fastest in a year
Business | Aug 31, 2022, 06:27 PM ISTGDP Growth: Many analysts had projected the Indian economy will expand at a double-digit growth rate due to the base effect.
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High inflation globally to stay longer as war and sanctions take toll on economies: RBI report
Business | Jun 30, 2022, 11:23 PM ISTThe global economic outlook is clouded by the ongoing war in Europe and the pace of monetary policy tightening by central banks in response to mounting inflationary pressures, Reserve Bank of India (RBI) report said.
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Why Sri Lanka's economy collapsed and what's next | Explained
World | Jun 23, 2022, 03:59 PM ISTPrime Minister Ranil Wickremesinghe, who took office in May, was emphasising the monumental task he faces in turning around an economy he said is heading for “rock bottom.” Sri Lankans are skipping meals as they endure shortages, lining up for hours to try to buy scarce fuel. It's a harsh reality for a country whose economy had been growing quickly, with a growing and comfortable middle class, until the latest crisis deepened.
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Pakistan PM Shehbaz Sharif lays stress on 'political stability' for economic growth
World | Jun 08, 2022, 02:31 PM ISTShehbaz Sharif highlighted the difference between economic development in the initial 25 years of Pakistan's creation 75 years back and said that the economic development after that has a "stark" difference.
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Will ensure availability of adequate liquidity for productive requirements of economy: RBI Governor
Business | Jun 08, 2022, 01:00 PM ISTRBI will remain focused on orderly completion of the government's borrowing programme.
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US surpasses China as India's biggest trading partner in FY22 at $119.42 billion
Business | May 29, 2022, 09:09 PM ISTAccording to the data of the commerce ministry, in 2021-22, the bilateral trade between the US and India stood at USD 119.42 billion as against USD 80.51 billion in 2020-21.
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Indian economy witnessing 'V-shaped recovery' due to Centre's efforts amid COVID: Rajnath Singh
India | May 15, 2022, 09:04 AM ISTRajnath Singh was addressing a workshop on financial market organised by Lucknow branch of CIRC of ICAI in Lucknow on Saturday.
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Mann Ki Baat | PM Modi says small online payments helping build big digital economy
India | Apr 24, 2022, 12:23 PM IST"Mann ki Baat" is the Prime Minister's monthly radio address, which is broadcast on the last Sunday of every month at 11 am.
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India’s high growth rate positive news for world: IMF MD Kristalina Georgieva
Business | Apr 21, 2022, 07:00 AM ISTThe IMF, early this week, projected a “fairly robust” growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world, almost twice faster than China’s 4.4 per cent.
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Cash-starved Sri Lanka imposes power cuts as crisis deepens
World | Feb 22, 2022, 07:05 PM ISTElectricity will be switched off on a rotating basis between regions between 4:30 pm and 10:30 pm, according to officials. The state-owned Ceylon Electricity Board had requested permission for the cuts as fuel shortages had caused the loss of 541 MW to the national grid.
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US inflation jumped 7.5% in the past year, highest in 40 years
Business | Feb 10, 2022, 08:43 PM ISTThe Labour Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.
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'Some bright spots, number of very dark stains': Raghuram Rajan on Indian economy
Business | Jan 23, 2022, 12:11 PM ISTKnown for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic.
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'India's $900 million aid helped prevent immediate economic crisis': Sri Lanka's top economist
World | Jan 15, 2022, 11:31 PM ISTOn Thursday, India announced a USD 900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amid a shortage of almost all essential commodities in the island nation. The Indian High Commissioner to Sri Lanka Gopal Baglay met the Central Bank Governor Ajith Nivard Cabraal and “expressed India’s strong support to Sri Lanka in the wake of RBI extending over USD 900 million facilities over the last week”.
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Sri Lanka could go bankrupt this year as inflation soars high
World | Jan 02, 2022, 11:59 PM ISTInflation hit a record high of 11.1 per cent in November and escalating prices have left those who were previously well off struggling to feed their families, while basic goods are now unaffordable for many, The Guardian reported.
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Shocking report from Pakistan, around 37 percent population struggling to get food
World | Dec 07, 2021, 07:19 PM ISTDr. Rubaba Khan Buledi, president of the Women's Parliamentarian Forum in the Balochistan Legislative Assembly, disclosed peoples' condition in the country and expressed concern about the future.