Page 15 - India Economy

483 infra projects show cost overruns of Rs 4.43 trn, 504 works delayed

Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and more.

WPI inflation eases to 11.16% in July as food and crude prices soften

WPI inflation remained in double digit for the third consecutive month in July, mainly due to a low base of last year.

July WPI inflation eases to 11.16% y/y, helped by fuel and food items cost

A low-base effect also contributed to the WPI inflation in July, since it stood at minus 0.25% in the corresponding month of 2020.

Top headlines: Taliban take over Kabul; Paytm aims to be super app

Gati Shakti plan and Piyush Goyal's criticism of Indian companies explained in our top headlines for the morning.

'Gati Shakti' master plan to give Rs 100-trillion infrastructure boost

PM Modi sets target for energy independent India by 2047

India must commit itself to a 25-year timeline for progress, change: Modi

Time has come for India to take up new development journey, says Prime Minister in Independence Day speech.

India isn't ready for another Covid wave; confidence about impact misplaced

Without a clear sense of how and where the second wave was most virulent, country can't really figure out what a third will look like.

Live: RBI keeps repo rate steady, says economy in better shape since June

Live updates: Monetary policy committee's decisions being read out by RBI governor Shaktikanta Das

RBI keeps repo rate unchanged, sees FY22 real GDP growth at 9.5%

Economic activity has evolved broadly along expected lines: Shaktikanta Das

Factory growth rebounded in July, hiring resumed after 15 months: PMI

The Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 55.3 last month from 48.1 in June, well above 50-level separating growth from contraction.

July GST revenue at over Rs 1.16 trn; govt says it marks economic recovery

Revenues for July 2021 are 33 per cent higher than GST collected in the same month last year.

Equity investors richer by Rs 31 trn this fiscal as bull run continues

The 30-share BSE Sensex has jumped 3,077.69 points or 6.21 per cent during April-July this fiscal.

Fiscal deficit worries could be on backburner: Niti Aayog's Rajiv Kumar

'If you have to spend money because you have to save both lives and livelihoods then that's what you have to do,' he says.

India's coal import rises 20 pc in May; volumes may be subdued in monsoon

India's coal import rose 20.4 per cent to 19.92 million tonnes (MT) in the month of May. The country had imported 16.54 MT of coal in May last fiscal, according to data compiled by mjunction Services. "On a year-on-year basis, however, India's coal and coke imports in May 2021 were up 20.4 per cent as against 16.54 MT clocked in May 2020," it said. Import volumes of dry-fuel, it said, are expected to remain subdued in the ongoing monsoon season on account of lower demand, firm prices and high freight rates. India's coal import also rose 25.4 per cent to 42.19 MT in the first two months of the ongoing fiscal, against 33.63 MT of coal imported in the corresponding period of previous financial year, it said. Of the total import in May, non-coking coal was at 13.64 MT, against 10.54 MT imported in May last financial year. Coking coal import was at 4.41 MT, up against 3.18 MT imported in May last fiscal. During April-May, non-coking coal import was at 28.96 MT as compared to 22.82 MT

Top forecaster stays bullish on Indian Rupee, Southeast Asia currencies

Alvin Tan, head of Asia currency strategy at RBC Capital Markets, says biggest risks for Asian currencies are a more hawkish Federal Reserve.

Cairn says it has won court order to freeze India state assets in Paris

Company says French development is 'necessary preparatory step' to take over Indian's state assets, calls for 'amicable settlement'.

Cairn Energy freezes 20 Indian state-owned properties in Paris: Reports

Scottish oil producer's action is its latest attempt to force India to pay $1.7bn awarded by an international tribunal over a tax dispute.

Covid undoes gains India made after supercharging economy 30 years ago

Many Indians who had clawed their way out of poverty face grim job prospects and carry heavy debt loads.

Massive overhaul

Cabinet reshuffle signals govt's willingness to improve performance

Diesel crosses Rs 100 in MP; Sikkim latest state to have petrol at Rs 100

Petrol has crossed Rs 100 a litre mark in Mumbai, Chennai, Bengaluru, Hyderabad and Pune.