-NDTV.com The increase in milk prices comes in view of a rise in input costs, Amul and Mother Dairy said. New Delhi: Milks prices are set to increase with dairy brands Amul and Mother Dairy announcing a ₹ 2 raise in its prices due to a rise in procurement and other input costs. The new prices for both the brands will be effective from Wednesday, the companies said. For 500 ml, Amul Gold...
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Patra: India can sustain CAD of 2.5-3% without an external sector crisis
-The Telegraph Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday Mumbai: Reserve Bank of India deputy governor Michael Patra has tried to soothe concerns about the anticipated surge in India’s current account deficit, suggesting that the country will not be roiled by a crisis if the CAD climbed to anywhere between 2.5 and 3 per cent of GDP. “Our experience has been that...
More »More cash, Gold recovered from home of arrested Bengal Minister’s aide -Shiv Sahay Singh
-The Hindu The cash was recovered from one of the apartments of Arpita Mukherjee at Belghoria in northern fringes of Kolkata More cash and Gold were recovered on Wednesday evening from one of the properties of Arpita Mukherjee, an aide of arrested West Bengal Industries and Commerce Minister Partha Chatterjee. The Enforcement Directorate (ED) held raids at several properties of the Minister’s aide and the cash was recovered from one of the apartments...
More »Country's trade gap at all time high of USD 26 billion
-The Telegraph The finance ministry has warned that the current account deficit will deteriorate in 2022-23 because of costlier imports and tepid exports on the merchandise account The country’s trade deficit touched an all-time high of $26.18 billion as imports expanded 57.88 per cent to $66.31 billion in June because of a doubling of oil imports and a spike in the inflow of coal, Gold, electronic goods and chemicals. The finance ministry has...
More »Why India’s trade deficit rose to a record high in June -MG Arun
-IndiaToday.in Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise India’s trade deficit—the difference between the value of its imports and exports—rose to a record $25.6 billion this June (about Rs 2 lakh crore), almost three times the figure for the same month last year ($9.61 billion, or about Rs 76,000 crore). The spike was primarily driven by the import cost of petroleum,...
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