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Economy

India’s GDP grew by 5.4 percent in Q3 and is expected to expand by 8.9 percent in FY22

February 28, 2022 by iascurrent
GDP

According to the second advanced and quarterly estimates of GDP released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday, India’s Gross Domestic Product (GDP) for the October-December quarter (Q3) increased by 5.4 … Read more

Categories Current Affairs, Economy, National Leave a comment

Crude oil nears $100; price increases for gasoline and diesel are expected following the elections

February 28, 2022 by iascurrent
Crude oil

International crude oil prices rose to near $100 a barrel on Tuesday as Russian President Vladimir Putin dispatched troops to Ukraine, but petrol and diesel prices in India remain frozen, with costs expected to climb … Read more

Categories Current Affairs, Economy, National Leave a comment

Russia-Ukraine Conflict: Moody’s predicts a dramatic increase in global oil and natural gas prices

February 28, 2022 by iascurrent
moody's

Moody’s predicted that the Russia-Ukraine conflict will affect global oil and LNG prices. Global oil and liquefied natural gas (LNG) prices are likely to rise sharply, negatively impacting net energy importers, according to Moody’s Investors … Read more

Categories Current Affairs, Economy Leave a comment

The Ukraine-Russia crisis may allow India to export more wheat

February 28, 2022 by iascurrent
Russia

According to reports, the Ukraine issue may provide India with an opportunity to export more wheat on global markets, and domestic exporters should take advantage of this opportunity. India’s core pool was 24.2 million tonnes, … Read more

Categories Current Affairs, Economy, International, National 1 Comment

India’s fiscal deficit for April-January increased to 9.38 trillion rupees

February 28, 2022 by iascurrent
Indian economy, Fiscal Deficit

According to official figures issued on Monday, the Central Government’s fiscal deficit in end-January was 58.9% of the yearly budget plan for 2021-22. During the previous fiscal year’s same time, the budget deficit was 66.8% … Read more

Categories Current Affairs, Economy, National Leave a comment

Bihar’s economic growth outperforms the national average

February 28, 2022 by iascurrent
Bihar

The state’s growth performance was described as “better” than the national average in the 16th Bihar Economic Survey Report (ESR)-2021-22. The agriculture and allied sectors grew at a rate of 2.1 percent in the state … Read more

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The WEF and the National Institute of Urban Affairs collaborate on a ‘Sustainable Cities India program’

February 28, 2022February 27, 2022 by iascurrent
World WEF

The World Economic Forum (WEF) and the National Institute of Urban Affairs (NIUA) signed a Memorandum of Understanding (MoU) today to collaborate on a ‘Sustainable Cities India program,’ which will aim to create an enabling … Read more

Categories Current Affairs, Economy Leave a comment

The head of the World Bank’s India operations has been promoted to Vice President

February 26, 2022 by iascurrent
World Bank

Junaid Kamal Ahmad, the World Bank’s India Director, has been named Vice President of the international lending agency. Ahmad, who will lead the Multilateral Investment Guarantee Agency (MIGA) as Vice President of Operations, is only … Read more

Categories Current Affairs, Economy, International Leave a comment

India refunds Cairn ₹7,900 crores to resolve a retroactive tax dispute

February 25, 2022 by iascurrent
Cairn

The Indian government has refunded Cairn Energy Plc ₹7,900 crores in taxes collected to enforce a retrospective tax demand, putting an end to a seven-year-old dispute that had tarnished the country’s image as an investment … Read more

Categories Current Affairs, Economy, National Leave a comment

The rupee has dropped 102 paise to 75.63 versus the dollar due to the Ukraine situation

February 25, 2022 by iascurrent
Rupee

On Thursday, the rupee fell 102 paise to 75.63 (provisional) against the US dollar as risky assets fell in value after Russia initiated armed activities in Ukraine. Foreign fund outflows, significant selling in domestic equities, … Read more

Categories Current Affairs, Economy, International Leave a comment
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