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Economy

Windfall tax on diesel slashed to ₹0.50 per litre, nil on ATF

PTI

Forex reserves fall $325 million to $560.94 billion

PTI

High temperature unlikely to damage wheat crops, says Food Secretary Sanjeev Chopra

Representational file image of a farmer harvesting wheat.

Lebanon adopts ‘dollarization’ as currency, economy crumble

Store displays advertising in Arabic that reads “Italian clothes and shoes for 9.99 $” in Beirut, Lebanon, Wednesday, March 1, 2023. Lebanon started pricing consumer goods in U.S. dollars Wednesday as the value of the Lebanese pound hit new lows.
The Lebanese pound has lost 95% in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what’s seen as a nearly useless currency
AP

India is ‘dangerously close’ to Hindu rate of growth, says Raghuram Rajan

PTI

India's Russian oil imports hit record high in February; now more than Iraq, Saudi put together

Premium

Explained | Why are index makers attracting attention from SEBI?

With thousands of stocks traded in stock markets around the world and their prices often moving in different directions, most observers assess a market’s general trajectory amid these individual price swings by looking at broader benchmark indices.

More stories from Economy

Representative Image. File

India's services sector activity hits 12-year high in February: PMI

PTI
Image for representation.

India's services sector activity hits 12-year high in February: PMI

PTI
A woman walks past the logo of the Securities and Exchange Board of India (SEBI), at its headquarters in Mumbai. File photo.
Premium

Explained | Combining social welfare and capital markets through SSE

Saptaparno Ghosh
The ₹1,49,577 crore gross GST kitty collected in February marks the 12th successive month that monthly revenues have been over ₹1.4 lakh crore. File

GST collections grow 12.4% to surpass ₹1.49 lakh crore; cess inflows hit a record

Vikas Dhoot
Despite robust growth in new orders, job creation in the manufacturing sector, which had hit the slowest pace in January since September 2022 as per the PMI, dropped further to grow only fractionally in February. Image for representation.

Manufacturing growth strong in February despite weak export front: S&P Global PMI

The Hindu Bureau
Moody’s has revised its 2023 growth projections. Image for representational purpose only.

Moody’s cuts India’s growth forecast to 6.8%

The Hindu Bureau
For representative purposes only
Premium

Explained | RBI’s new pilot project on coin vending machines 

Saptaparno Ghosh
A worker operates a machine inside a small scale manufacturing unit in Mumbai on February 1, 2023. Economists termed the India manufacturing sector’s persistent slack a negative surprise that brought 2022-23 Q3 growth levels lower than their projections.

Q3 GDP growth slows to 4.4%, past data upgraded

Vikas Dhoot
Global trade last year reached, or got close to, record levels in nominal terms and, perhaps surprisingly with inflation at its highest in 40 years, in volume terms too. Image for representation
Premium

Analysis | World trade boom keeps de-globalisation at bay

Reuters
Image for representation purpose only.

First time in many years, fixed deposit rates turn positive at 8%

PTI
Public sector banks increased their credit portfolio by 15.7% during the calendar year 2022 (4.7% in 2021); corresponding growth for private sector banks, however, remained higher at 19.1% (13.1% a year earlier), the RBI said.

Bank credit growth drops to 16.8% in October-December: RBI

The Hindu Bureau
RBI Monetary Policy Committee member Jayanth R. Varma. India’s economic growth appears to be ‘very fragile’ and it may fall short of what the country needs to meet the aspirations of its growing workforce, RBI Monetary Policy Committee (MPC) member Jayanth R. Varma said on February 26.

India's economic growth appears to be very fragile, says RBI Monetary Policy Committee member Varma

PTI
The “real-time payment linkage” between India’s Unified Payments Interface and Singapore’s PayNow is an initiative to push a UPI-based payment ecosystem.
Premium

Explained | Who will benefit from the UPI-PayNow link?

Priyali Prakash
The RBI Governor said G20 is poised for a transformational journey and within the finance track, the effort will be to entrench an unwavering faith in G20 as a multilateral forum to address global challenges.

Uncertainties cloud global economy, G20 nations must resolutely address challenges: RBI Governor

PTI
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