New Delhi, Feb 12 (IANS) India’s inflation rate based on the Consumer Price Index (CPI), with the new base year 2024, for the month of January this year is estimated at 2.75 per cent compared to the same month of the previous year, according to official data released by the Ministry of Statistics on Thursday.The food inflation came in at 2.13 per cent during the month. Prices of vegetables such as potatoes, onions and garlic declined during January along with the prices of pulses such as arhar…
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Mumbai, Feb 12 (IANS) The Indian equity markets opened lower early on Thursday weighed down by IT stocks.As of 9.25 am, Sensex lost 397 points, or 0.47 per cent, to reach 83,836, and Nifty lost 111 points, or 0.43 per cent, to settle at 25,842.Main broad-cap indices posted stronger losses than benchmark indices, as the Nifty Midcap 100 declined 0.76 per cent, and the Nifty Smallcap 100 dipped 0.88 per cent.All sectoral indices traded in the red except FMCG, private banks as well as oil and gas. …
Mumbai, Feb 10 (IANS) India’s real GDP growth will likely touch 6.9 per cent in 2026 and 6.8 per cent in 2027, and the recent US-India trade deal should add about 0.2 percentage (20 bps) to annual GDP growth, a new report has said.The report from Goldman Sachs Research said, “Our analysts expect an incremental growth boost of 0.2 percentage points of GDP (annualised) with these new tariffs, based on India’s goods exports exposure of roughly 4 per cent of GDP to US final demand.”The investmen…
New Delhi, Feb 10 (IANS) The Heritage Institute’s Index of Economic Freedom has classified Pakistan as a “repressed” economy, ranking it 150th out of 184 economies, with a score of 49.1 out of 100 for the year 2025.The Heritage Institute’s Index of Economic Freedom measures 12 economic freedoms, which include: property rights, government integrity, judicial effectiveness, tax burden, government spending, fiscal health, business freedom, labour freedom, monetary freedom, trade freedom, investment…
New Delhi, Feb 10 (IANS) Gold and silver prices dipped moderately on Tuesday due to a stronger dollar and profit booking, even as geopolitical uncertainties extended medium-term support to precious metals.MCX gold February futures dipped 0.33 per cent to Rs 1,57,550 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures declined 1.92 per cent to Rs 2,57,567 per kg.Earlier, silver prices dipped over 2 per cent to its day’s low of Rs 2,57,100 per kg and gold prices dipped 1.3 per …
New Delhi, Feb 9 (IANS) Opposition parties on Monday mounted a sharp attack on the BJP-led central government, accusing it of avoiding parliamentary debate on critical national issues such as border infrastructure, inflation and unemployment, while raking up ideological controversies for political gain. Speaking after announcing a meeting of Opposition parties, Samajwadi Party chief Akhilesh Yadav said there was growing internal conflict within the BJP and alleged that the government was deliber…
Mumbai, Feb 6 (IANS) RBI Governor Sanjay Malhotra said on Friday that the government’s borrowing programme is on the lower side, which would enable it to raise the required resources at reasonable prices.Addressing the post-monetary policy press conference, the RBI Governor said there was a need to focus on the net borrowing figure rather than gross borrowings.“It may not be right to look at the gross borrowing number alone. There are much more redemptions in FY27 so gross borrowing is expec…
Mumbai, Feb 6 (IANS) The Reserve Bank of India has raised its real GDP growth projections for Q1 and Q2 of 2026-27 to 6.9 per cent and 7.0 per cent, respectively, RBI Governor Sanjay Malhotra announced on Friday.Explaining the rationale behind the hike in the growth forecast, Malhotra said, looking ahead, sustained buoyancy in the services sector, GST rationalisation, healthy rabi prospects, monetary easing and benign inflation environment should support private consumption. Investment activity,…
Washington, Feb 6 (IANS) A sharp partisan clash over inflation, bank regulation and financial stability dominated a Senate Banking Committee hearing on as Treasury Secretary Scott Bessent defended the administration’s economic record and the Financial Stability Oversight Council’s 2025 annual report.Stressing growth and affordability, Committee Chairman Tim Scott warned against policies that burden households. “A system that slows growth, limits opportunity or prices families out of basic …
New Delhi, Feb 5 (IANS) Pakistan’s economy has been in a state of crisis for many years while India, a frequent point of comparison in Pakistani discourse, in sharp contrast, has surged far ahead to become the fastest growing major economy in the world, according to a new report.An article in media outlet Amu.TV states that after the Covid pandemic, the two neighbouring economies move in different directions. In 2022, Pakistan saw a decent rebound with around 6 per cent GDP growth, but this pr…