Former Reserve Bank of India (RBI) Deputy Governor Viral Acharya. | Photo Credit: PTI Former RBI deputy Governor Viral Acharya on Monday (September 2, 2024)called for reduction of tariffs and dismantling of conglomerates even as he urged the government to refrain from protectionist policies to allow competition so that “Indian tigers” could emerge as global…
A general view of the open cast coal field at Topa coal mine in the Ramgarh district in the eastern Indian state of Jharkhand, India. | Photo Credit: Reuters The country’s coal production rose by 6.48% to 384.08 million tonne (MT) in the first five months of the ongoing fiscal. The production was 360.71 MT…
Image used for representative purpose only | Photo Credit: E. Lakshmi Narayanan Manufacturing activity dropped to a three-month low in August, with new factory orders growing at the slowest pace in seven months and export orders clocking their weakest rise in 2024, even as inflation and competitive pressures dragged producers’ optimism to the worst level…
Representational file image. | Photo Credit: E. LAKSHMINARAYANAN The price of jet fuel or aviation turbine fuel (ATF) was on Sunday (September 1, 2024) reduced by 4.6%, while the rate of commercial LPG used in hotels and restaurants, was hiked by ₹39 per 19-kg cylinder in the monthly revision done in line with international oil…
As Hyderabad grapples with incessant rains, gig workers who have been braving the adverse weather conditions shared the challenges they face while delivering food and groceries and transporting passengers to their destinations. “I had to pay ₹650 out of my own pocket to the company for this raincoat,” said Hemant Kumar, a food delivery worker,…
In August, gross revenues from domestic transactions were up 9.2%, improving from an 8.9% rise in July, | Photo Credit: Getty Images/iStockphoto The growth in India’s Gross Goods and Services Tax (GST) collections slowed down marginally to 10% in August from 10.3% in July, with revenues of nearly ₹1.75 lakh crore, but the rise in…
Foreign investors have adopted a cautious stance and infused ₹7,320 crore in the Indian equities in August owing to high valuation of stocks and the unwinding of the Yen carry trade after Bank of Japan raised interest rates. This investment was way lower than ₹32,365 crore in July and ₹26,565 crore in June, according to…
J&K has more than 60,000 government daily wagers working for ₹300 per day. Representational file image. | Photo Credit: NISSAR AHMAD Professionals and those with graduate and post-graduate degrees in Jammu and Kashmir are heavily dependent on government jobs as the Union Territory (UT) lacks an industrial base, resulting in a high level of joblessness…
There are five major components of the UPS benefits, starting with the assurance that government employees will receive half of their average basic pay drawn over their final 12 months in service prior to retirement, as a monthly pension for life. | Photo Credit: Getty Images/iStockphoto The story so far: Last weekend, the Union Cabinet…
Representational image of aluminium foil rolls at a factory in Binzhou, Shandong province, China | Photo Credit: Reuters The Ministry of Commerce and Industry has recommended imposing an anti-dumping duty on aluminium foil imported from China after surging shipments from the neighbouring country captured nearly a third of India’s market share despite ample local production…
