Business

Commodity markets currently dwelling at multi-year lows are set for revival as global growth is seen to attain slow-but-steady pace in the coming year, a report said.

According to a report by Edelweiss Professional Investor Research, commodity prices are

Amid slow pace of economic growth, it might be a challenging task for the government to achieve the target of doubling farmers' income in the next three years, but the government says it is moving in the right direction to achieve the

The S-P BSE Sensex and NSE Nifty 50 indexes extended gains in noon deals on the back of strong global cues after the United States and China moved closer to a resolution to the 18-month trade war between the world's two biggest economies. Meanwhile,

After the poor show put up by investors in the previous rounds of coal auctions, the government is now finally considering allotment of six mines soon.

The Ministry of Coal had initiated the auction process for 27 coal mines under tranches 8, 9 and 10

Gold dealers in India offered a discount this week due to plentiful supplies and slack demand during the wedding season, with other regions in Asia expecting improvement in buying ahead of the Christmas and Chinese New Year festivities.

Retail price inflation in November jumped to a 40-month high, at a time when growth in Asia's third largest economy has slowed to a six-year low, prompting some economists to warn that the country could be entering into a stagflationary phase.

Annual retail inflation increased to 5.54 per cent last month, faster than the 4.62 per cent

The 7th Economic Census, which is being conducted nationwide through common services centres (CSCs), is expected to be completed by March 2020, Central Statistics Office Director General (Social Statistics) A.K. Sadhu said on Friday.

The Income Tax Department has issued tax refunds of Rs 1.57 lakh crore till December 11, Revenue Secretary Ajay Bhushan Pandey said on Friday.

At a press meet held to showcase the report card of the government, Mr Pandey said tax refund cases have g

The pound hit multi-year highs against peers on Friday as early UK election results pointed to a convincing Conservative win, which is expected to clear the Brexit political gridlock that has hounded Britain's markets for years.

The lifting of one major cloud hanging over currency markets came amid signs another might be clearing with

The RBI central board on Friday discussed policy framework for cooperative banks, NBFCs, current economic situation, and domestic and global challenges.

The board's discussions focussed on issues related to urban cooperative banks,

The Union Budget for 2020-21 may be presented on February 1 and Economic Survey is likely to be on January 31, Finance Ministry sources said.

In the Economic Survey 2019 which was presented on July 4, a day before the General Budget on July 5 after the

The S-P BSE Sensex and NSE Nifty 50 indexes staged a gap up opening in trade on Friday mirroring gains in other Asian markets. Asian shares scaled eight-month peaks on Friday as a last-gasp Sino-US trade deal and a likely major election win by Britain's Conservative Party looked to have cleared a couple of dark clouds from the global horizon.

Chief economic advisor Krishnamurthy Subramanian said on Friday, there has been a major change in the nature of employment in the country in 2017-18 compared to 2011-12.

The CEA said the proportion of regular salaried workers in the

Trade deficit narrowed to $12.12 billion in November from $17.58 billion a year ago, the trade ministry said on Friday.

Oil imports fell 18.17 per cent to $11.06 billion in November from $13.52 billion in the year-ago period.

Merchandise exports

Civil Aviation Minister Hardeep Singh Puri on Thursday said that Air India Specific Alternative Mechanism (AISAM) has approved 100 per cent sale of government stake in Air India for the re-initiated strategic disinvestment of the national carrier.

"After the formation of new government, Air India Specific Alternative Mechanism (AISAM)

The government on Friday presented its report card on the steps taken by it to tackle the slowdown, with Chief Economic Advisor Krishnamurthy Subramanian saying the measures taken by the government are showing impact and there has been a

The Finance Ministry on Friday presented a status report on impact of the recently announced stimulus measures and said that FDI inflows rose exponentially during the first half of fiscal FY19-20.

According to the finance ministry, the

The national anti-profiteering agency has slapped Rs 90 crore penalty on FMCG giant Nestle India for not passing on the benefit of the goods and services tax (GST) reduction to consumers. It also asked Nestle to deposit the amount within three months.

The maker of products, like Maggi and Kitkat, Nestle, "has denied the benefit of tax

India's foreign exchange reserves continued their upward trajectory during the week ended December 6 and touched new record highs.

The reserves rose by $2.34 billion during the week under review, official data showed on Friday.

The Reserve Bank of India's

Finance Minister Nirmala Sitharaman on Friday refused to comment on 'stagflation', saying "I have heard of the narrative going on and I have no comments to make."

When asked if the Indian economy is entering into a stage of 'stagflation', the Finance Minister said,

The government on Thursday ruled out any waiver or lowering of interest, penalty or interest on penalty on unpaid statutory dues of Bharti Airtel and Vodafone Idea based on Adjusted Gross Revenue (AGR).

This was conveyed in the Rajya Sabha by Union Telecom Minister Ravi Shankar Prasad in a written reply to a query on whether there is any

The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of National Electronic Funds Transfer (NEFT) payment system on a round-the-clock basis from December 16, the central bank said.

The

Detailing steps undertaken by the government on reviving the country's economy, which grew at 4.5 per cent in the July-September period to mark its slowest pace in over six years, Finance Minister Nirmala Sitharaman said on Friday,"results of some measures

Retail inflation accelerated to 5.54 per cent in November due to high food prices, government data showed on Thursday.

November inflation was higher than 5.26 per cent forecast in a Reuters poll of analysts.

SUVODEEP RAKSHIT, SENIOR ECONOMIST, KOTAK INSTITUTIONAL EQUITIES, MUMBAI

"CPI inflation in November continued to be impacted by

Finance Minister Nirmala Sitharaman on Friday, while refusing to provide any timeline for uptick in the economy amid rising inflation, contracted factory output and decline in second quarter GDP growth to 4.5%, said that she would continue to

The S-P BSE Sensex and NSE Nifty 50 indexes extended gains for the third consecutive day on the back of strong global cues after the United States and China moved closer to a resolution to the 18-month trade war between the world's two biggest economies. Meanwhile,

As the Indian government plans to invite bids for Air India during the next few months, a top official of global airlines body IATA said on Wednesday that the disinvestment of the national carrier should be done in a fair and transparent manner and in a way that it improves competition within the aviation sector of the country.

Moreover,

Finance Minister Nirmala Sitharaman on Friday said that the Central government is closely monitoring the onion prices, which have shot up exponentially in recent times.

According to the minister, the situation is gradually improving as shipments of

The Reserve Bank of India is suspected to be buying dollars in the market via state-run banks to prevent appreciation in the rupee above the 70.50 per dollar level, four traders said on Friday.

By 0425 GMT or 9:55 am, the partially convertible rupee was at 70.61 per

India's industrial output contracted 3.8 per cent in October from a year earlier, government data showed on Thursday.

Analysts polled by Reuters had forecast October industrial output to fall 5 per cent.

The cumulative growth in April-October over the