Economy

Economy News

Home Loans Get More Expensive; SBI Passes On RBI Rate Hikes To Borrowers

The country’s largest lender State Bank of India (SBI) has hiked the minimum interest rates for home loans to 7.55 per cent effective Wednesday. The country’s largest lender State Bank.

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Economy News

WTO makes final push for trade deals, with eyes on defiant India

By Philip Blenkinsop and Emma Farge GENEVA (Reuters) -The World Trade Organization on Wednesday extended its negotiations by a day amid growing doubts they would find consensus on any change.

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Economy News

Unemployment Rate Fell To 4.2% In 2020-21: Report

The unemployment rate or the proportion of persons in the labour force who could not find jobs has dipped to 4.2 per cent in July 2020-June 2021 New Delhi:  The.

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Economy News

Trade Deficit Rises To $24.29 Billion In May

India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago NEW DELHI:  India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago,.

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Economy News

UAE Orders Suspension Of Indian Wheat Export For 4 Months: Report

UAE’s economy ministry has ordered suspension of exports and re-exports of wheat and wheat flour originating from India for a period of four months DUBAI:  The United Arab Emirates (UAE).

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Economy News

India Moves Up 6 Places To 37th In World Competitive Index

India has witnessed the sharpest rise among Asian economies, with a six-position jump from 43rd to 37th rank on the annual World Competitiveness Index New Delhi:  India has witnessed the.

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Economy News

U.S. and partners enter pact to secure critical minerals, lithium

WASHINGTON (Reuters) -The United States, Canada and other countries have established a new partnership aimed at securing the supply of critical minerals as global demand rises for the elements, used.

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Economy News

ECB to hold unscheduled meeting to discuss market rout

FRANKFURT (Reuters) – The European Central Bank’s rate-setting Governing Council will hold an unscheduled meeting on Wednesday to discuss the recent sell-off in government bond markets, a spokesperson said. Bond.

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Economy News

Chief Economic Advisor Says India To Become $5 Trillion Economy By 2026-27

Chief Economic Adviser V Anantha Nageswaran on Tuesday said India would become a $5 trillion economy by 2026-27 and $10 trillion by 2033-34 New Delhi:  Chief Economic Adviser (CEA) V.

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Economy News

Wholesale Price Inflation Hits Record High Of 15.88% In May

Wholesale price-based inflation rose to a record 15.88 per cent in May, it highest under the current series launched in 2012, government data showed. Wholesale price-based inflation (WPI) rose to.

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