Economics News

Trade deficit hits 62-month high in July

As per the official data released, India’s trade deficit widened to a more than five year high of $18.02 billion in July, driven largely by a surge in oil imports.

posted by Jawwad Kazi 15th Aug 2018

Rupee plunges to all-time low at 69.91

The rupee on 13 August crashed by Rs 1.08, or 1.57 per cent, and moved closer to the 70 level to end at a historic low of 69.91 against the US currency as the Turkish currency, lira, plunged, sending global currencies into a tailspin.

posted by Jawwad Kazi 14th Aug 2018

July retail inflation slows to 9-month low at 4.17%

As per the data released by the Central Statistics Office, Retail inflation decelerated to 4.17 per cent in July from 4.92 per cent a month ago in the wake of softening food prices.

posted by Jawwad Kazi 14th Aug 2018

Solar cells: Government drops safeguard duty

The finance ministry suspended the implementation of a safeguard duty on imported solar cells following a stay order by the Orissa High Court.

posted by Jawwad Kazi 14th Aug 2018

ISRO set to launch its TV channel

The Indian Space Research Organisation (ISRO) will have an year-long Vikram Sarabhai centenary celebration starting in August 2019 to honour the visionary scientist and its legendary founding father.

posted by Jawwad Kazi 13th Aug 2018