News
China supplies over 30% of India's industrial goods; overdependence on single nation critical: GTRI
7+ hour, 27+ min ago (296+ words) New Delhi: China accounts for around 16 percent of India's total imports, but its dominance is significantly higher in industrial goods, supplying as much as 30. 8 percent of the country's requirements, think tank GTRI said on Tuesday. The country's imports increased to…...
India's exports drop 7. 44% to $38. 92 billion in March amid disruptions due to West Asia crisis
1+ week, 5+ day ago (240+ words) New Delhi: The country's merchandise exports dropped 7. 44 percent to USD 38. 92 billion in March, according to government data released on Wednesday. Imports too dipped by 6. 51 percent to USD 59. 59 billion last year from USD 63. 75 billion recorded in the year-ago month, reflecting disruptions…...
Retail inflation rises to 3. 21% in Feb compared to 2. 74% in Jan: Govt data
1+ mon, 2+ week ago (126+ words) New Delhi: Retail inflation in the country moved up to 3. 21 percent in February compared to 2. 74 percent in the preceding month, according to the Consumer Price Index (CPI) released on Thursday. The inflation data is based on the new CPI series…...
Wholesale price inflation at 11-month high of 2. 13%; higher crude prices to push WPI higher
1+ mon, 1+ week ago (564+ words) New Delhi: Wholesale price inflation rose to a 11-month high of 2. 13 percent in February, driven by an uptick in prices of food and non-food articles, even though vegetable prices eased on a month-on-month basis, government data showed on Monday. This…...
Current policy rate appropriate amid buoyant eco growth, benign inflation: RBI Governor
2+ mon, 1+ week ago (318+ words) New Delhi: Reserve Bank of India (RBI) Governor Sanjay Malhotra voted for the status quo in the key interest rate earlier this month, saying the current policy rate was appropriate, given the buoyant economic growth and benign inflation, according to…...
CAD widens to $13. 2 billion in Q3 on higher trade deficit: RBI
1+ mon, 3+ week ago (168+ words) New Delhi: India's current account deficit (CAD) inched up to USD 13. 2 billion, or 1. 3 percent of GDP, in the December quarter from USD 11. 3 billion (1. 1 percent of GDP) in the year-ago period, mainly due to higher trade deficit, according to RBI data…...
RBI marginally raises inflation projection on higher precious metals prices
2+ mon, 3+ week ago (379+ words) New Delhi: The Reserve Bank on Friday revised upwards inflation projection for the current fiscal year to 2. 1 percent and for first and second quarters of the next financial year, mainly due increase in prices of precious metals. The central bank…...
RBI asks microlenders to monitor stress build-up
3+ mon, 4+ week ago (372+ words) New Delhi: The Reserve Bank of India (RBI) on Monday asked microfinance institutions to monitor the stress build-up on their books going forward. In the trend and progress in banking report for FY25, which comes amid a raft of measures impacting…...