Economic news

global steel industry
Economic news

With increased crude steel production, India and Southeast Asia’s emission profile would worsen

According to an industry analysis released on Tuesday, India and Southeast Asia would worsen their emission profile as crude steel production develops through the Blast Furnace (BF) and Basic Oxygen Furnace (BOF) routes. India has set a goal of producing 300 million tonnes by 2030-31, when local demand is likely to exceed 200 million tonnes. In […]

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world's largest wheat importers
Economic news

Egypt plans to purchase 500,000 tonnes of wheat from India

Egypt, one of the world’s largest wheat importers, is seeking alternatives to Black Sea grain shipments, which are being disrupted by Russia’s invasion of Ukraine, two of Egypt’s key wheat suppliers. “We have agreed to acquire half a million tonnes from India,” Moselhy said during a press briefing on the sidelines. Amid a searing heatwave […]

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IMF delays release of new forecast to January 25 to factor in COVID-19 developments
Economic news

IMF delays release of new forecast to January 25 to factor in COVID-19 developments

The International Monetary Fund has delayed the release of its World Economic Outlook by one week to January 25 to factor in the latest COVID-19 developments, a spokesperson for the global lender said. The World Economic Outlook update will be launched on January 25 to allow our teams to incorporate the latest developments related to […]

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Asian stocks rise with bond yields as Fed outcome boosts risk sentiment
Economic news

Asian stocks rise with bond yields as Fed outcome boosts risk sentiment

By Administrator_IndiaCapital Sands Asian stocks followed Wall Street higher on Thursday after the U.S. Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation. Bond yields rose while the dollar stabilized after slumping overnight as havens fell out of favour. Gold gained […]

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Economic news

RBI relaxes norms on foreign sovereign bond investment

By Administrator_ India Capital Sands The Reserve Bank of India has relaxed its norms on what banks can do with their excess dollars in the currency market, according to sources. The RBI had already allowed banks to invest their excess dollars in foreign currency bonds, but a rule in July 2016 had stated that a bank’s […]

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March inflation rises to four-month high of 5.52% due to food, core prices
Economic news

March inflation rises to four-month high of 5.52% due to food, core prices

By Administrator_ India Capital Sands The retail price inflation rate rose to a four-month high of 5.52 percent in March due to upward movement in core as well as food rates, barring vegetables and cereals. This may prevent the central bank’s monetary policy committee (MPC) from cutting the policy rates unless growth really takes a […]

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March inflation rises to four-month high of 5.52% due to food, core prices
Economic news

WPI inflation spikes to a 27-month high in Feb owing to costlier food, fuel

By Administrator_ India Capital Sands The wholesale price index (WPI)-based inflation rate rose to a 27-month high in February due to a broad-based hardening of prices of fuels, food items, and manufactured goods. However, diesel, which indirectly impacts prices of other items, continued to see deflation (a fall in prices), in February, albeit at a […]

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India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts
Economic news

India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts

By Administrator_India Capital Sands Rating agency S&P Global Ratings said Tuesday that India is on track to recover from a pandemic-led economic contraction by next year. South Asia’s largest economy could grow 10% in fiscal 2022, the rating agency predicted in a report. India’s fiscal year begins on April 1 and ends on March 31 […]

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India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts
Economic news

Indian economy to contract by 7% in current fiscal

By Administrator_India Capital Sands Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent. The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers. In April-September, the economy contracted 15.7 per cent but the second half may see […]

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Indian economy
Economic news

Indian economy could be ‘most resilient’ in subregion in long term

By Administration_ India Capital Sands India’s economy could prove to be the “most resilient” in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country’s large market will continue to attract investments. The […]

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