Value of Rs 2000 banknotes in circulation down to Rs 8202 cr: RBI

April 2, 2024

Nearly 97.69 per cent of the Rs 2,000 denomination bank notes withdrawn from circulation in May 2023 by the Reserve Bank of India (RBI) have returned to the banking system, and only Rs 8,202 crore worth of the withdrawn notes are still with the public, the RBI said on Monday....

Record GST collection of Rs 20.14L cr

April 2, 2024

The Government’s yearly gross Good and Services Tax (GST) revenue for March 2024 witnessed the second highest collection ever at Rs 20.18 lakh crore, with a 11.7 per cent year-on-year growth as strong consistent performance in FY 2023-24 paved the way for the milestone of total gross GST collection exceeding...

Declaration of stock position of wheat is now mandatory

March 30, 2024

In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government has made it mandatory for traders/wholesalers, retailers, big chain retailers and processors in all states and union territories to declare their stock position of wheat on the portal (https://evegoils.nic.in/wheat/login.html) from 1 April, 2024...

Gold prices surge to record highs: What is driving the rally?

March 16, 2024

Gold prices have surged since the end of February, with the LBMA Gold Price PM currently trading at US$2,180.45 per ounce as of March 11th. This marks a 6.5% month-to-date increase. Gold has achieved record highs for six consecutive days and came close to reaching US$2,200 per ounce during intra-day...

India invites Investors from Partner Nations to Tap Clean Economy Domain

March 15, 2024

India has called for an expeditious implementation of all the action-oriented collaborative elements under various pillars of the Indo-Pacific Economic Framework for Prosperity (IPEF) and invited investors from IPEF partners to invest and benefit from the trillion dollar plus opportunity that India provides in the clean economy domain. The IPEF...

How Long Do Muslims Fast For Ramadan Around the World?

March 15, 2024

Ramadan starts on Sunday evening, with the first day of fasting on Monday, March 11 this year. The holy month is based on the Islamic lunar calendar which is 11 days shorter than the Gregorian solar year, and so its start shifts earlier each year. While the number of days...

Retail inflation eases to 5.09% in February, food remains pricey

March 13, 2024

India’s consumer price inflation (CPI) remained unchanged at 5.09 per cent in February 2024, compared to 5.1 per cent in January, as food inflation surged higher and inflation across all other sub-groups eased in Feb 2024, indicating that the momentum in the non-food items continued to track a welcome moderation,...

Retail inflation eases to 5.09% in February

March 13, 2024

India’s consumer price inflation (CPI) remained unchanged at 5.09 per cent in February 2024, compared to 5.1 per cent in January, as food inflation surged higher and inflation across all other sub-groups eased in Feb 2024, indicating that the momentum in the non-food items continued to track a welcome moderation,...

Industrial activity down to 3.8% in Jan

March 13, 2024

Industrial activity in the country proved to be a mixed bag with the index of industrial production growing by 3.8 per cent in January 2024 compared with 4.2 per cent in December led by a deceleration in the growth of manufacturing.

India signs trade agreement with EFTA

March 11, 2024

Setting an ambitious trajectory of growth in trade and economic relations with a Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association on Sunday, India has achieved a binding commitment of USD 100 FDI, a window to Indian exporters to access large European and global markets and...