UPSC News | Economy

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Economy

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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. [...]

SMIORE is the fifth-largest iron ore miner in Karnataka and the third-largest miner of manganese ore in India and is the flagship business of the royal family of Ghorpade [...]

U.S. probes whether Tesla Autopilot recall did enough to make sure drivers pay attention

The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road [...]

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 [...]

Combined manufacturing, services output rose at the fastest pace in nearly 14 years: Flash PMI data

Export orders reckoned to have clocked their highest uptick in 115 months, while combined output growth in surveyed Manufacturing and Services firms hit a ‘nearly’ 14-year high [...]

Congress says will move Supreme Court if EC does not act on complaint against Modi

It matters that the EC makes a decision on the issue, the lack of which is ‘certainly actionable and justiceable’, says Abhishek Singhvi [...]

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 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. [...]

Leaders trade insults, play identity politics while unemployment rages in Bihar’s Seemanchal-Kosi region

Caste, identity politics and regional rifts dominate the campaign as parties strive for dominance, mainly in Muslim-dominated Kishanganj and Katihar. [...]

‘Nyay Patra’ vs ‘Modi ki Guarantee’: Free citizens or wards of the state?

The Congress and BJP manifestos are unflatteringly similar, but with one crucial difference: the empowerment of citizens. [...]

‘There is an undercurrent against Modi’: Jignesh Mevani

The Dalit leader and MLA from Gujarat says BJP’s rhetoric is about Hindu-Muslim issues, and not about employment, development, or social equality. [...]

Children in war zones face permanent mental health consequences, trauma

Growing up in a war zone affects millions of children around the world permanently. [...]

Are we losing the global battle against malaria?

After two decades of decline, cases worldwide have remained steady since 2015. Why have control efforts stalled? [...]

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