Page 15 - Indian Economy

We should cross $40 billion export-mark this year: Textiles Secretary

India's textiles exports are expected to cross $40 billion during the current fiscal, Textiles Secretary UB Singh said on Wednesday.

Cash dominates India playbooks as markets recoil from oil price shock

Surging oil prices have battered market sentiment toward major energy importer India, pushing down the rupee to a record low and dragging stocks and bonds

NSO organises training workshop for 79th Socio-Economic Survey

The National Statistical Office (NSO) is organising a three-day training workshop from Tuesday for the 79th Socio-Economic Survey which will also cover awareness of the AYUSH systems of medicine. The All India Workshop of Trainers (AIWOT) for the NSS 79th round of its Socio-Economic Survey will be organised at National Statistical System Training Academy (NSSTA), Greater Noida from March 8-10, an official statement said. The subjects under coverage in this round are Comprehensive Annual Modular Survey (CAMS) and AYUSH Survey. NSO and the State Directorates of Economics & Statistics will carry out the survey programme jointly for a period of one year, it added. The CAMS schedule is designed to collect information required to generate some important socio-economic indicators, demands for which have increased significantly during past few years. The survey on AYUSH in this round is going to be the first survey of its kind. The main objective of this survey is to get an idea about the

Ukraine war will have impact on Indian economy: FM Nirmala Sitharaman

The ongoing Russia-Ukraine war will certainly have an impact on the Indian economy, Union Finance Minister Niramala Sitaraman said on Tuesday.

Female utilisation of AB PM-JAY at 46.7% from Oct 2019 to Sep 2021: Study

Female utilisation of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) services stood at 46.7 per cent from October 2019 to September 2021, according to a new study. Manipur, Nagaland, Mizoram, Bihar, Chhattisgarh, Goa, Puducherry, Lakshadweep, Kerala and Meghalaya have a higher number of Ayushman Cards issued for women as compared to their male counterparts, the study showed. Apart from expanding and creating a network of almost 27,300 private and government hospitals, AB PM-JAY has also greatly contributed in shifting the gender paradigm with over 42 per cent of beneficiaries availing treatment under the scheme being women. The study on 'gender' under AB PM-JAY from October 2019 to September 2021 reveals that female utilisation of AB PM-JAY services stood at 46.7 per cent of the total utilisation. States like Karnataka, Andhra Pradesh, Chhattisgarh, Mizoram, Meghalaya and Sikkim observed higher female utilisation under AB PM-JAY than male for the stipulated period of

Ukraine crisis could disrupt India's spending plans, recovery: Report

ebruary's budget was based on an average oil price of $75 to $80 a barrel for the fiscal year starting from April 1, but Brent briefly soared on Monday to nearly $140, its highest in over a decade.

Best of BS Opinion: The coming storm, reopening risks, and more

Here are the top BS Opinion articles of the day

Foreign portfolio investors accelerate selling as oil prices shoot up

Further selling could test domestic investors' nerves: Analysts

Russia-Ukraine crisis: Falling rupee unlikely to shore up India's exports

Uncertainty resulting from the Russian invasion of Ukraine and over how other currencies behave among factors keeping exporter sentiment in check

Recovery tracker: Workplace visits drop, power generation growth slows

Freight growth and traffic congestion show signs of improvement

The coming storm

Russia-Ukraine fallout for India may be severe

Red chilli pepper prices surge on crop damage in top exporter India

The prices of red chilli peppers are surging as output in top exporter India is set to drop by a fifth from a year ago, hit by an invasive pest attack and damage from unseasonal rain

Ukraine crisis: Russian oil companies offer big discounts to India

Bankers said India should be extremely cautious before opening up trade with Russia amid sanctions as it should not be seen as funding Russian invasion of Ukraine.

India's food inflation set to worsen as Russia-Ukraine crisis intensifies

Among food items, the data shows that inflation in milk has risen from 2.73 per cent in January 2021 to 4.09 per cent in January 2022

Forex reserves decline by $1.425 bn on a dip in currency assets

The overall reserves had increased by USD 2.762 billion to USD 632.952 billion in the previous reporting week

GlobalData cuts Indian economy growth forecast for 2022 amid Ukraine crisis

GlobalData lowered India's economy growth forecast to 7.8 per cent for 2022 due to the nation's exports being impacted by the Russia-Ukraine war and spiking oil prices causing ripple effects.

Services PMI picks up marginally in Feb after falling for 3 straight months

Data released by the data analytics firm IHS Markit released on Friday showed purchasing managers' index (PMI) for services for February rose to 51.8 from 51.5 in the preceding month.

India to raise fuel prices from next week amid concern over inflation

State oil companies have told the government that they need a price increase of 10-12 rupees per litre for petrol and diesel, an official said

Tea exports dip 6.8% to 195.5 mn kg in CY2021, shipment value remains flat

Tea exports during the 12 months of 2021 declined marginally at 195.50 million kilogramme from 209.72 million kg during the previous similar period, according to latest Tea Board data.

Rural distress, high cost subdue India's Feb retail sales: FADA

Rural distress as well as high acquisition cost subdued India's February automobile retail sales on a year-on-year (YoY) basis, FADA said.