Economy news

• Oil steady as market awaits more supply clarity

  26-01-2023 05:26 via timesofindia.indiatimes.com
  
  "The upcoming EU embargo on Russian refined products remains a major source of concern for the market, with widespread dislocations expected to materialize," the Citi analysts added.
  
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• Kerala Man Smokes Inside Lavatory of Spicejet Plane Mid-Flight, Arrested

  31-01-2023 14:11 via zeenews.india.com
  
  An FIR was lodged against the Kerala man and the passenger was apprehended by the crew who handed over him to the airport authorities.
  
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• Centre's Fiscal Deficit Touches Nearly 60% of Full-Year Target at End-Dec

  31-01-2023 14:06 via zeenews.india.com
  
   The government's fiscal deficit as of end-December touched 59.8 percent of the full-year Budget Estimate on subdued growth in revenue collections, according to finance ministry data released on Tuesday. In actual terms, the fiscal deficit -- which is the difference between expenditure and revenue -- was Rs 9,92,976 crore during the April-December period of 2022-23. In the corresponding period last year, the deficit was 50.4 percent of the Budget Estimates (BE) for 2021-22.
  
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• Core Sector Growth at 3-Month High of 7.4% in Dec

  31-01-2023 13:34 via zeenews.india.com
  
  The production of eight key sectors rose by 5.7 percent in November 2022.
  
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• Union Budget 2023-24: How to download budget documents?

  31-01-2023 13:00 via zeenews.india.com
  
  The Union Budget 2023-24 document will be available once FM Sitharaman finishes giving her Budget speech.
  
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• Economic Survey 2023: Rebound in domestic consumption impressive

  31-01-2023 12:50 via moneycontrol.com
  
  India’s economic resilience powered by a domestic stimulus: Economic Survey
  
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• Union Budget 2023-24 LIVE Streaming Details: When and where to watch FM Nirmala Sitharaman's Speech online and on TV?

  31-01-2023 12:42 via zeenews.india.com
  
  Before the 2024 Lok Sabha elections, this will be the Modi government's final full Budget.
  
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• Sensex rebounds over 400 pts from day's low, ends flat, Nifty tops 17,650

  31-01-2023 12:40 via timesofindia.indiatimes.com
  
  Sensex rebounds over 400 pts from day's low, ends flat, Nifty tops 17,650
  
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• Core sector growth for December at 7.4%, higher than November

  31-01-2023 12:37 via moneycontrol.com
  
  The growth last month was aided by a surge in the output of coal, steel, cement, fertiliser and electricity segments.
  
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• Hyundai Installs Ultra-Fast EV Chargers on Delhi-Chandigarh, Hyderabad-Vijayawada Highways

  31-01-2023 12:33 via zeenews.india.com
  
  Hyundai India has shortlisted Key Highways connecting Hyderabad- Vijayawada, Delhi-Chandigarh, Delhi-Jaipur, Mumbai-Pune, Bengaluru- Chennai to install Ultra-Fast charging stations.
  
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• Economic Survey 2023: ECLGS borrowers had lower NPA rates

  31-01-2023 12:33 via moneycontrol.com
  
  ECLGS was launched with a corpus of Rs 4.5 lakh crore that was subsequently enhanced to Rs 5 lakh crore, with a special focus on enterprises in hospitality and related sectors.
  
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• Indian economy poised to do better, inflation to be well-behaved next fiscal: CEA Anantha Nageswaran

  31-01-2023 12:17 via timesofindia.indiatimes.com
  
  Indian economy is poised to do better and is expected to grow 6.5-7 per cent in the remainder of the decade, chief economic advisor (CEA) V Anantha Nageswaran said on Tuesday. Addressing reporters here after the tabling of the Economic Survey in Parliament by finance minister Nirmala Sitharaman, Nageswaran said that by and large, inflation is likely to be "well behaved" in FY2023-24 barring headwinds.
  
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• Sugar Production to Fall 5% to 340 Lakh Tonnes in 2022-23; More Diversion of Cane Juice to Ethanol Making

  31-01-2023 12:12 via zeenews.india.com
  
  In a statement, Indian Sugar Mills Association (ISMA) said sugar production in 2022-23 is estimated at around 340 lakh tonnes after the diversion of 45 lakh tonnes of sweetener towards ethanol manufacturing.
  
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• Union Budget 2023-24 to be Out on Feb 1; Check Where, When, and How to Live Stream

  31-01-2023 12:05 via zeenews.india.com
  
  Before the 2024 Lok Sabha elections, this will be the Modi government's final full Budget.
  
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• IndiGo Inducts its First Wide-Body Boeing 777 Aircraft, to Operate on Delhi-Istanbul Route from Feb 1

  31-01-2023 12:02 via zeenews.india.com
  
  Turkey has emerged as one of the most popular tourist destinations post pandemic and has been one of the top choices for outbound tourism from India in 2022.
  
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• Indian Economy Poised to do Better, Inflation to be Well-Behaved Next Fiscal: CEA

  31-01-2023 11:59 via zeenews.india.com
  
  India's economy is projected to slow to 6.5 per cent in the fiscal year starting April but will remain the fastest-growing major economy in the world as it fared better in dealing with the extraordinary set of challenges the globe has faced, the Economic Survey 2022-23 said.
  
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• India Has Become World's Third-Largest Aviation Market: President Droupadi Murmu

  31-01-2023 11:47 via zeenews.india.com
  
  In her first address to the joint sitting of Parliament, President Droupadi Murmu said the country's aviation sector is also growing rapidly.
  
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• April-December 2022 fiscal deficit rises to Rs 9.93 lakh crore, 59.8% of FY23 target

  31-01-2023 11:46 via moneycontrol.com
  
  The Centre is targeting a fiscal deficit of Rs 16.61 lakh crore for the current financial year, or 6.4 percent of the GDP
  
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• Economic Survey: India's Export of Goods and Services in Value for the First 3 Quarters of FY23 up 16 % Y-O-Y

  31-01-2023 11:39 via zeenews.india.com
  
  The Economic Survey said that India remains the fastest-growing major economy in the worldGDP in nominal terms has been projected at 11 per cent in next fiscal.
  
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• Crorepati Calculator 2023: How to Become Millionaire in 7 years? Check Investment and Return Here

  31-01-2023 11:34 via zeenews.india.com
  
  You can become a millionaire in the next five years depending upon the amount of investment you are making into the instrument, scroll down for more details
  
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• India staged a full recovery in FY 22 –ahead of many nations -- but rupee depreciation challenge persists

  31-01-2023 11:32 via moneycontrol.com
  
  The survey stated that the challenge of a depreciating rupee persists with the likelihood of further increases in policy rates by the US Federal Reserve.
  
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• Economic Survey 2023: No measure sufficient to counter COVID-19 like shock, says government

  31-01-2023 11:25 via moneycontrol.com
  
  Economic Survey 2023: The report, however, has also underlined that the health infrastructure has improved dramatically since the pandemic began in 2020
  
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• Adani FPO fully subscribed as demand jumps on last day

  31-01-2023 11:11 via timesofindia.indiatimes.com
  
  Adani FPO fully subscribed as demand jumps on last day
  
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• Moneycontrol Pro Panorama | Tech hiring hits the skids

  31-01-2023 10:56 via moneycontrol.com
  
  In today’s edition of Moneycontrol Pro Panorama: Tribal vote key to elections in Tripura, retail traders have an uphill task, personal finance wish list for Budget, power sector needs major overhaul, and more
  
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• Economic Survey 2023: 'Great Potential' in India's Civil Aviation Sector; Air Travel Rebounds

  31-01-2023 10:50 via zeenews.india.com
  
  The Economic Survey for 2022-23, tabled in Parliament, listed various factors that are helping the civil aviation sector, including the UDAN scheme.
  
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• Economic Survey 2023: Sustained increase in private capex imminent

  31-01-2023 10:42 via moneycontrol.com
  
  Economic Survey: There are indications of a growing trend in announced projects and capex spending by private players. Industry bosses, too, have plans to increase capex
  
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• Kolkata Metro: Commissioner of Railway Safety Conducts Inspection of Orange Metro Line - Watch Video

  31-01-2023 10:38 via zeenews.india.com
  
  Commercial services between Kavi Subash and Hemanta Mukherjee stations, a distance of 5 km, are likely to be started after receiving clearance from the CRS.
  
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• Gautam Adani out of world's top-10 billionaires list, just 3 days after Hindenburg Research report

  31-01-2023 10:23 via timesofindia.indiatimes.com
  
  Gautam Adani out of world's top-10 billionaires list, just 3 days after Hindenburg Research report
  
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• Economic Survey 2023: External sector faces challenges but better vs peers due to shock absorbers

  31-01-2023 10:22 via moneycontrol.com
  
  With net foreign portfolio inflows turning positive in recent months, the current account deficit would be within manageable limits and eminently financeable, the survey said.
  
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• India#39;s gold demand dips marginally to 774 tonnes in 2022: WGC

  31-01-2023 10:08 via moneycontrol.com
  
  The overall gold demand in 2021 stood at 797.3 tonnes, according to WGC#39;s annual #39;Gold Demand Trends#39; report.
  
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