Economy News

India-EU Free Trade Agreement

In a joint event held at the Headquarters of the European Union (EU) at Brussels, Union Minister for Commerce and Industry, Consumer Affairs and Food & Public Distribution and Textiles, Shri Piyush Goyal, and Mr. Valdis Dombrovskis, Executive Vice-President of European Commission formally re-launched the India-EU Free Trade Agreement (FTA) negotiations. Besides, negotiations were also launched for a stand-alone Investment Protection Agreement (IPA) and a Geographical Indicators (GIs) Agreement.

posted by 20th Jun 2022

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