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Finance ministry asks banks, insurance companies for cost cutting, move to EVs

New Delhi, May 18 -- The finance ministry, on Monday, has directed all public sector banks, insurance companies, and financial institutions to implement austerity measures, including switching to elec... Read More


NPS revamp: flexible drawdown options to provide monthly income

New Delhi, May 15 -- India's pension regulator has introduced retirement income schemes (RIS) and drawdown options under the National Pension System (NPS), allowing subscribers to choose phased withdr... Read More


Steel standoff likely to delay India-UK FTA rollout

New Delhi, May 15 -- Commerce secretary Rajesh Agarwal said on Friday that India is very close to operationalising its free trade agreement (FTA) with the UK. However, certain sticking points have eme... Read More


India's April exports rise 14%; trade deficit widens to $28.38 billion

New Delhi, May 15 -- India's merchandise exports climbed 14% in April, outpacing the increase in imports, led by outbound shipments of engineering goods, petroleum products and electronics goods. Mer... Read More


India's April trade deficit widens to $28.38 billion as exports rise

New Delhi, May 15 -- India's merchandise trade deficit widened in April as the increase in exports outpaced the rise in imports. The gap between merchandise imports and exports was $28.38 billion las... Read More


India's April trade deficit widens to $28.38 billion; exports, imports rise

New Delhi, May 15 -- India's merchandise trade deficit widened in April as exports and imports rose. The gap between merchandise imports and exports was $28.38 billion last month, according to provis... Read More


India's April trade deficit widens to $28.38 billion

New Delhi, May 15 -- India's merchandise trade deficit widened in April. The gap between merchandise imports and exports was $28.38 billion last month, according to provisional estimates released by ... Read More


Rising UAE gold flows draw attention amid austerity push

New Delhi, May 14 -- India's gold imports from the United Arab Emirates (UAE) under the 2022 trade agreement are drawing fresh attention amid India's push to curb bullion imports to conserve foreign r... Read More


Govt imposes limits, stricter monitoring on gold imports

New Delhi, May 14 -- The government on Thursday tightened compliance norms for gold imports under the Advance Authorisation scheme, introducing stricter quantity caps, physical verification requiremen... Read More


Wholesale inflation surges to 42-month high of 8.3% in April on crude spike

New Delhi, May 14 -- India's wholesale inflation surged to a 42-month high of 8.3% in April from 3.88% in March, driven by a sharp rise in fuel, crude petroleum and manufactured product prices. Fuel ... Read More