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  • Economy

    Pesticide restrictions may benefit tea sector

    Tea, having chemicals like Ethion, Tetradifon and Triazophos, are denied entry into the US as well. At a time when the demand for organic agri products, including tea, is heading northward worldwide, the Centre seems to well set to bring in and pass two long pending bills - the Pesticides Management Bill, that will replace the Insecticides Act, 1968 and the Seeds Management Bill. The move stems from...

    • yesterday
  • Economy

    Govt will be forced to slash spending this year too: Crisil

    GDP growth slipped to 5 per cent in the first quarter, is expected to be worst in the second quarter- sub 5 per cent. Mumbai: With little headroom for fiscal expansion given the falling tax collections, the government will have to cut its expenditure, says an economist. The fiscal deficit target of 3.4 per cent of GDP is likely to slip, DK Joshi, the chief economist at the rating...

    • 3 days ago
  • Economy

    Forex kitty continues to swell, touches a new high of USD 448 billion

    The country's reserve position with the IMF also decreased by USD 17 million to USD 3.630 billion, the data showed. Mumbai: Foreign exchange reserves continued their upward march surging USD 1.710 billion to touch a new high of USD 447.81 billion in the week to November 8, according to weekly data released by the Reserve Bank. In the previous week, the reserves surged by...

    • 3 days ago
  • Economy

    Current economic slowdown episodic, says N K Singh

    India's economic growth hit a six-year low of 5 per cent in the first quarter of the current fiscal. New Delhi: Finance Commission Chairman N K Singh on Friday said the current economic slowdown is episodic and expressed hope that sluggishness will not continue for long. India's economic growth hit a six-year low of 5 per cent in the first quarter of the current fiscal. It is...

    • 4 days ago
  • Economy

    Rupee rises 18 paise to 71.78 vs USD in early trade

    On Thursday, rupee had settled for the day at 71.96 against the US dollar. Mumbai: The Indian rupee appreciated by 18 paise to 71.78 against the US dollar in early trade on Friday as gains in domestic equity market and weakening of the American currency vis-a-vis other currencies overseas strengthened investor sentiments. At the interbank foreign exchange the rupee opened at 71.80 then gained...

    • 4 days ago
  • Economy

    'RBI to cut rates by 40 bps by Feb despite high inflation'

    GDP growth plummeted to a six-year low of 5 per cent for the June quarter and is expected to come lower for the September quarter. Mumbai: Headline inflation is bound to rise further to 5 per cent for November, but despite the pinch in price rise, the Reserve Bank will go for two consecutive rate cuts on growth concerns, a report said on Thursday. The consumer price inflation fastened...

    • 5 days ago
  • Economy

    Retail inflation may average at 4 per cent in FY20: SBI report

    In October, inflation based on the Consumer Price Index (CPI) spiked to a 16-month high of 4.62 per cent on costlier food items. Mumbai: Surplus rainfall in August and September is likely to keep food and vegetable prices elevated going forward, and retail inflation may average at around 4 per cent in FY20, an SBI research report said. In 2019 five states- Rajasthan, Madhya Pradesh,...

    • 5 days ago
  • Economy

    WPI dips marginally to 0.16 pc in Oct due to subdued non-food prices

    Retail inflation as measured by the consumer price index (CPI) touched a 16-month high as it rose to 4.62 per cent in October. New Delhi: The annual rate of inflation based on the monthly wholesale price index (WPI) dipped marginally and stood at 0.16 per cent for October as compared to 0.33 per cent for the previous month, government data showed on Thursday. The fall was...

    • 5 days ago
  • Economy

    Moody's cuts India's GDP growth forecast to 5.6 pc for 2019

    India's economic growth has decelerated since mid-2018, with real GDP growth slipping from nearly 8 per cent to 5 per cent. New Delhi: Moody's Investors Service on Thursday slashed India's economic growth forecast to 5.6 per cent for 2019, saying government measures do not address the widespread weakness in consumption demand. "We have revised down our growth...

    • 5 days ago
  • Economy

    Jobs at risk as China's services sector feels heat of trade war

    The government has raised this year's budget deficit to 2.8 per cent of GDP from 2.6 per cent in 2018. Annual profits at China's Ningbo S-Power International Logistics Co are down a sharp 40 per cent year-on-year, and export orders have also fallen at a similarly dizzying rate. The firm's woes highlight a bigger problem for the world's second-largest economy and...

    • 5 days ago

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