Bank of Baroda Reports Drop in Capex Use in Election Months

15 Apr 2024

Bank of Baroda's report suggests that both the government and corporate sectors adopt a cautious approach towards capital expenditure during election months. Economist Jahnavi Prabhakar's study examined macroeconomic indicators during the 2019 election cycle and compared them to the current calendar year, particularly focusing on the April-May period when elections...

Oil prices hit 6-month high, igniting inflation fears and economic uncertainty worldwide

06 Apr 2024

As Middle East tensions increased, the price of Brent crude jumped to a six-month high on Friday, breaking the USD 91 per barrel barrier. The abrupt and notable increase in oil prices has caused ripple effects across the world's financial markets, rekindling concerns about inflationary pressures and causing serious anxiety...

Unbelievable! Gold Rates in Pakistan Soar by PKR 2,000 per Tola

15 Nov 2023

Gold prices in Pakistan experienced a significant surge, rising by PKR 2,000 per tola, reaching PKR 214,800 per tola for 24-karat gold, as reported by the All Pakistan Gems and Jewellers Association (APGJA). The 10-gramme price of 24-karat gold settled at PKR 184,156 after a PKR 1,714 increase. Similarly, the...

Pakistan bypasses Sri Lanka as nation records high inflation of 38 percent

02 Jun 2023

With Pakistan unwilling to meet IMF conditions and facing a sovereign default if the financing program expires at the end of June, Shehbaz Sharif government is caught between a rock and a hard place, as the Islamic nation has recorded its highest inflation figures since records began in 1957. Today,...

Will not form alliance with JD(S)”: Karnataka Congress chief Shivakumar

10 May 2023

Karnataka Congress DK Shivakumar on Wednesday dismissed a post-poll alliance with Janata Dal (Secular) JD(S) expressing confidence that his party will get an absolute majority in the 224-seat assembly. "Here the issue is price rise, corruption, good governance and development. There are no chances of alliance with JD(S). We will...

Inflation, monetary policy to moderate global economic activity: Finance Ministry report

25 Apr 2023

The Ministry of Finance's Monthly Economic Review report states that the growth process has been weakened due to heightened inflation and the tightening of monetary policy, and it is anticipated that these factors will continue to impede economic activity for a minimum of three years since the onset of the...

Decline in India’s wholesale inflation continues in Feb, says Official data

14 Mar 2023

Wholesale inflation in India based on the Wholesale Price Index continued to moderate and was at 3.85 per cent (provisional) in February 2023, against the previous month's 4.73 per cent, official data showed on Tuesday. Overall wholesale inflation was at 8.39 in October and has been falling since then. Notably,...

Gujarat polls: Congress MLA carries ‘gas cylinder’ on his bicycle to cast vote

01 Dec 2022

In a bizarre incident, Congress MLA Paresh Dhanani while casting his vote for ongoing Assembly elections in Gujarat carried a ‘gas cylinder’ with him on a bicycle he was riding.According to the MLA, his intention behind this act was to underline the issues of high fuel prices, inflation and joblessness.Paresh...

Thousands protest against inflation in Hungary

24 Oct 2022

Thousands of Hungarians, including teachers and students, on Sunday protested against the government by marching through Budapest. They demanded higher wages and a stop to the rapidly rising inflation that is destroying people's incomes. A few hours after nationalist Prime Minister Viktor Orban promised to maintain economic stability and maintain...