Economy News

WTO Ministerial Conference

Shri Piyush Goyal, Minister of Commerce and Industry, attended the WTO's 12th Ministerial Conference's Plenary Session.

posted by 13th Jun 2022


Authorities worldwide, particularly central bankers, are feverishly trying to formulate the appropriate set of policies to ensure that inflation, currently running at multi-decade highs in some advanced economies including the U.S., is cooled without triggering a recession. Former Federal Reserve Chairman Ben Bernanke told The New York Timeslast month that he foresaw a period in the near future “where growth is low, unemployment is at least up a little bit and inflation is still high”, adding, “So you could call that stagflation”.

posted by 7th Jun 2022

Rise in Inflation

In April 2022, India experienced the highest rate of inflation since May 2014 at 7.9 % for the month. According to data issued by the National Statistical Office, it has remained above the RBI's tolerance threshold of 6% for the fourth consecutive month (NSO).

posted by 24th May 2022

Petroleum prices

Finance minister Nirmala Sitharaman says basic excise duty on petrol and diesel, which is shared with States, remains untouched.

posted by 23rd May 2022

All-India Household Consumer Expenditure Survey

The All-India Household Consumer Expenditure Survey, usually conducted by the National Statistical Office (NSO) every five years, is set to resume this year after a prolonged break. A decision has been taken to conduct the Survey from July and government has  begun planning exercises to train the enumerators who will carry out the 2022-23 Survey on the ground

posted by 25th Apr 2022