March 20, 2024 02:08 PM ISTThe recently released GDP data has led to lots of questions and puzzles as the data is at odds with the historical trend of consumption growth broadly mimicking GDP growth. The difference of 4.5 percentage points between GDP growth and consumption growth in 2023-24 is the highest since 1951-52, as against a maximum difference of 0.5 to 1 percentage points in earlier years
March 20, 2024 02:10 PM IST "We have urged the government that there is a shortage of iron ore, (so) please intervene and levy export duty," Rahul Mittal, chairman of the Sponge Iron Manufacturers Association, told Reuters in an interview.
March 20, 2024 02:35 PM IST The likely estimate has been made taking into account the Reserve Bank of India's priority sector-based guidelines, Central and state government policies and policies for sustainable agriculture and rural development.
March 20, 2024 02:10 PM IST The facility in Gujarat state is being developed by Hindustan Petroleum Corp., and will have the capacity to import 5 million tons per year of LNG.
March 20, 2024 02:18 AM IST For most of this century, the UK was the biggest beneficiary among the 27 countries in the EU. Measured by gross domestic product, GDP per capita growth, unemployment and superior debt, equity and currency valuations, Britain was the perennial leader. Now on all these, the situation has reversed and the UK is trailing
March 19, 2024 10:36 PM IST In this edition of Moneycontrol Pro Panorama: IT stocks still a favourite despite earnings cut, learn to predict market price reversals to stay ahead, impact of recent tyre price cut explained, Trump's tantrums a sign of what's to come, and more
March 20, 2024 02:18 AM IST Central bank becomes world’s last to unwind ultra-loose monetary policy after signs of lasting end to decades of deflation
March 19, 2024 04:00 PM IST State-owned Bharat Petroleum Corp. and Indian Oil Corp., along with top private refiner Reliance Industries Ltd., have purchased about 7 million barrels of April-loading US crude so far this month, said traders who asked not to be identified.
March 19, 2024 04:59 PM IST The exporting sector, particularly, MSMEs, needs easy and low-cost credit, and marketing support to further boost the country's exports, Kumar said, adding early conclusion of free trade agreements such as with the UK and Oman will also help push the outbound shipments.
March 19, 2024 04:00 PM IST Apparel Export Promotion Council of India (AEPC) Chairman Sudhir Sekhri said skilled workers like tailors and quality checkers are still not sufficient as during the peak season they go to their native villages thereby creating shortage.
March 19, 2024 10:02 AM IST India has not realised its full potential when it comes to attracting long-term foreign capital. Reforms in ease of doing business, expediting investment protection treaties with major FDI suppliers, and allowing the rupee to gradually and steadily depreciate to incentivise exports, can help India
March 18, 2024 03:12 PM IST India’s economy will likely grow steadily at 6.5%-7% over the long term, Chetan Ahya said in interview Monday with Bloomberg Television’s Haslinda Amin. The South Asian nation is also far from replacing its bigger rival as a global manufacturing hub, he added.
March 18, 2024 03:13 PM IST According to submissions made to the Election Commission of India by the party, while Megha Engineering & Constructions Pvt Ltd donated Rs 50 crore, the Embassy Group gave Rs 22 crore.
March 18, 2024 03:12 PM IST Conducting the Household Consumer Expenditure Survey every year, in addition to be being a resource - in terms of time as well as financially - drain may also not provide enough new information, people in the know told Moneycontrol.
March 18, 2024 09:01 AM IST The Indian market's four-week winning streak was broken with the benchmark indices shedding 2 percent during the week. After showing weakness for many weeks, the small and mid-cap indices witnessed a sharp fall
March 15, 2024 08:56 PM IST The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.
March 15, 2024 04:48 PM IST A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
March 15, 2024 04:03 PM IST In today's edition of Moneycontrol Pro Panorama: More NBFC's piled in past three years, simultaneous polls may not be an unalloyed good thing, India’s next growth cycle is different, a PSU stock worth its weight in diamond, and more
March 15, 2024 09:04 PM IST In a statement on Friday, Solvent Extraction of India (SEA) said the export of oilmeals in February stood at 515,704 tonne as compared to 4,71,770 tonne in the year-ago period.
March 15, 2024 08:56 PM IST For the April 2023-February 2024 period, India's trade deficit stood at $225.20 billion
March 15, 2024 02:20 PM IST According to data submitted by the State Bank of India to the Election Commission of India, the ruling Bharatiya Janata Party accounted for 48 percent of all electoral bonds encashed by political parties since April 2019, before the scheme was scrapped by the Supreme Court in February.
March 15, 2024 02:20 PM IST Which side finally has its way in the Byju's dispute is much less important than the founder-investor confrontation quietly changing the discourse about the company’s ability to make a difference in the country’s education arena and in showcasing the nation’s startup prowess
March 15, 2024 12:58 PM IST According to data submitted by the SBI to the Election Commission , the top 20 donors accounted for just under half of all contributions since the now-banned scheme was launched in early 2019.
March 15, 2024 10:50 AM IST Ideas can come and go, and come again. The mania for Japan may abate if the current bright spot is really another false dawn. Does the current mood exaggerate China’s shortcomings and give enough space to things that it’s doing well? Exports are climbing nicely, and the country is becoming a clean-tech powerhouse. But that's the beauty — and downside — of narratives. They tend to oversimplify complex matters, minimise nuance, and can outlive their usefulness
March 15, 2024 10:48 AM IST India’s macroeconomic stability is impressive compared to many of its peers. Pandemic spending wasn’t excessive. The fiscal deficit has been steadily shrinking as a proportion of GDP. The rupee has been remarkably stable. And “core” inflation, which excludes food and fuel prices, has eased to 3.3% year-on-year. But it is still government actions that are pushing growth up or down, rather than the choices made by India’s private sector
