Whatever may be the Presidency, we are integrating our value chains and we are integrating the two economies through various agreements, says Commerce Secretary Sunil Barthwal. File | Photo Credit: PTI The Commerce Ministry on Thursday (November 14, 2024) played down anxieties about Donald Trump’s re-election as the U.S. President in light of his remarks…
An official said that initiatives such as transportation through rail to various consuming centres from Maharashtra and the arrival of kharif onions in the market are likely to bring prices further down. File | Photo Credit: The Hindu As the prices of tomato, onion, and potato (TOP), the three essential vegetables in Indian households, remained…
India’s total exports, including services, is expected to cross the $800 billion mark this year. | Photo Credit: VIPIN CHANDRAN India’s goods exports jumped 17.25% to $39.2 billion in October, marking the best month in recent times, even as the import bill surged to a fresh record high of $66.34 billion, 3.9% over the same…
According to a latest data, potato prices rose 78.7%, up from 78.1% in September, while onion inflation halved from 78.8% to 39.25% in October. File photo | Photo Credit: The Hindu Inflation in India’s wholesale prices hardened from 1.84% in September to 2.4% in October, led by a well over two-year high spike in food…
India’s city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country’s brisk economic growth. Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms, it has raised questions about the structural…
Photo used for representation purpose only. | Photo Credit: Sushil Kumar Verma India’s retail inflation surged further from the nine-month high of 5.5% in September to the highest level in well over a year of 6.2% in October, led by a 10.9% spike in food prices. October’s price rise pace, the fastest in 14 months,…
Net direct tax collection grew 15.41% to ₹12.11 lakh crore between April 1 and November 10. This include net corporate tax of ₹5.10 lakh crore and non-corporate taxes (including taxes paid by individuals, HUFs, firms) of ₹6.62 lakh crore. Other taxes (which include Equalisation Levy and gift tax) worth ₹35,923 crore were mopped up. As…
The Chancay port near Peru’s capital Lima which is being built by China’s state-owned Cosco Shipping. | Photo Credit: Reuters In South American copper giant Peru, the incoming Donald Trump administration in the U.S. will find itself already on the losing side in a trade battle with China, part of a bigger power realignment around…
The rupee may depreciate 8-10% against the U.S.. dollar during the Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday (November 11, 2024). The report, titled U.S. Presidential Election 2024: How Trump 2.0 Impacts India’s and Global Economy, emphasised that the rupee can have a…
Women walk out from a fashion boutique near a display promoting the upcoming China popular e-commerce sales, the “Singles’ Day” global online shopping festival, at a shopping mall in Beijing, Monday, Nov. 4, 2024. | Photo Credit: AP Merchants and consumers alike found the Singles’ Day shopping festival Monday less shiny than in years past…
