UPSC News | Economy

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Economy

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Coca Cola bottler SLMG Beverages sets up ₹700-cr. plant in Amethi to cater to summer demand

With 7 production lines fully operational, the eight line is set to go for production by mid May [...]

Tesla CEO Elon Musk visits China during Beijing auto show

For China, Mr. Musk is a welcome antidote to the tough talk from U.S. officials, which played out most recently during a visit by Secretary of State Antony Blinken [...]

Dubai plans to move its busy international airport to $35 billion new facility within 10 years

Sheikh Mohammed bin Rashid Al Maktoum’s announcement marks the latest chapter in the rebound of its long-haul carrier Emirates after the coronavirus pandemic grounded international travel [...]

Bharat Biotech’s Krishna Ella takes over presidency of the Indian Vaccine Manufacturers Association

The IVMA mission is to ensure that every individual, regardless of where they live, has access to life-saving immunizations, Krishna Ella said [...]

Expectations of future monetary policy impact stock markets more than rate announcements: RBI paper

Why is there volatility in the equity markets on the day of the monetary policy announcement? This working paper prepared by RBI officials finds out [...]

Boult IPO likely next year: Co-founder Varun Gupta

The young entrepreneur said the company has set an internal touchstone for itself before it goes public [...]

Tesla CEO Elon Musk kicks off surprise trip to Beijing: report

Musk said this month Tesla may make FSD available to customers in China "very soon" [...]

ICICI Bank Q4 net climbs 17.4% to ₹10,708 cr.; total loans in India rise 16.8%

Lender’s net interest income rises by 8.1% YoY to ₹19,093 crore, net interest margin dips to 4.4% in quarter; Total deposits grow 19.6% to ₹14,12,825 cr. as on March 31; Gross NPA ratio eases to 2.16% [...]

U.S. food regulator gathering information on MDH, Everest spices after alleged contamination

Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore ordered a recall of the Everest spice mix as well, saying it contains high levels of ethylene oxide. [...]

Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern

Recent data show that personal income tax collections have increased, while collections from corporate taxes have reduced [...]

After nod for Gujarat onion exports, Centre seeks to soothe Maharashtra farmers

Amid Opposition criticism, Consumer Affairs Ministry says 99,150 tonnes of exports have been allowed [...]

China's share in India's industrial goods imports jump to 30% from 21% in last 15 years: GTRI

The Indian government and industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI founder Ajay Srivastava said [...]

Centre allows 99.5k tons of onion exports to 6 neighbouring nations

Centre allows export of 99,500 tonnes of onions from Maharashtra to six countries despite domestic ban [...]

Cuba’s cash crunch leads to long lines and growing frustration

Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM [...]

Centre allows export of 2,000 tonnes of onions

Gujarat is the predominant producer and exporter of white onions in the country, with Bhavnagar and Amreli — which go to the polls on May 7 — accounting for a large part of the produce; shipments must go through three specified ports in Gujarat and Mumbai [...]

Resilient economy, price stability to support India's promising growth story: FinMin report

Global slowdown led to a moderation in India's merchandise exports and imports, the report said adding that the slowing of trade has resulted in the merchandise trade deficit narrowing in FY2023-24, as exports have shown a smaller contraction than imports. [...]

As India develops, problem of high food inflation will get less severe: RBI MPC member Ashima Goyal

As the weight of food in consumption falls and food consumption itself becomes more diversified, the impact and size of future food price shocks falls, she noted [...]

Extreme weather may pose risk to inflation, says RBI Bulletin

The retail based on the Consumer Price Index (CPI) has eased to 4.9% in March after averaging 5.1% in the preceding two months [...]

How Bharat Rashtra Samithi lost its sheen to the Congress

The party’s drubbing in the 2023 Assembly election was marked by allegations of corruption, nepotism and failure to deliver on promised welfare plans. [...]

Trinamool, BJP locked in an intense, evenly-matched battle in West Bengal

In many pivotal constituencies like Malda, Murshidabad, Birbhum, and Bardhaman, the parties have pulled out all the stops to outflank each other. [...]

Why Dubai was deluged

What caused the massive rains? Cloud seeding? Climate change? El Niño? The answers are trickling in. [...]

The BJP is confident of pulling off a hat-trick in Gujarat

The party’s “uncontested” victory in Surat, however, has prompted questions about the integrity of the democratic process in the State. [...]

Modi ramps up rhetoric in Hindi heartland as BJP struggles to regain its sparkle

Waning voter enthusiasm and challenging electoral feedback in key regions force Modi to shed his Vishwaguru image and escalate communal rhetoric. [...]

In Karnataka, it’s a battle of ‘guarantees’

The BJP has pitched “Modi ki Guarantee” against the Congress’ successful implementation of the Five Guarantees.  [...]

‘I raise my voice for all’: Chandra Shekhar Azad

“Right now, the country is in the hands of a dictator,” says the founder of the Bhim Army and the Azad Samaj Party. [...]

Caste returns to haunt BJP in Uttar Pradesh

The saffron party’s best-laid plans to sweep the country’s most populous State are in danger of being upended by the emergence of caste fault lines. [...]

‘People don’t see the Congress fulfilling their aspirations’: Onkar Singh Lakhawat

Senior BJP leader and Convener of the Lok Sabha Co-ordination Committee for Rajasthan says the NDA will win all the 25 Lok Sabha seats in the State. [...]

BJP faces uphill battle in Rajasthan as anti-incumbency and shifting alliances challenge its dominance

The party that made a clean sweep of all 25 Lok Sabha seats in 2014 and 2019 may face a tough contest from Congress and allies in 10 seats. [...]

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