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HomeTag: Economy

Retail inflation for farm, rural workers rises to 6.09%, 6.33% in March

Retail inflation for farm and rural labourers increased to 6.09 per cent and 6.33 per cent, respectively, mainly due to higher prices of certain food items and clothing. “Point to point rate of inflation based on the CPI-AL (consumer price index-agricultural labourers) and CPI-RL (consumer price index rural labourers) stood at 6.09 per cent and …

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IFFCO Kisan Sanchar develops smart farms to enhance yield, boost income

IFFCO Kisan Sanchar Ltd on Wednesday said it has developed around 25 smart technology-enabled farms in collaboration with individual farmers in order to help them enhance output, reduce input costs and boost income. IFFCO Kisan Sanchar Ltd, a subsidiary of fertiliser cooperative IFFCO, operates in four major verticals — smart agriculture solutions, cattle feed business, …

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Strong US-India relationship to strengthen global order: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the US-India relationship is at its best and will strengthen the global order in these challenging times. This is one of those times when these two large democracies have found their space and they are comfortable working with each other, she said in a recorded video conversation released …

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Nirmala Sitharaman assures Sri Lankan counterpart of all possible assistance from India

Finance Minister Nirmala Sitharaman has met her Sri Lankan counterpart Ali Sabry here and assured him that as a close friend and good neighbour, India will try to extend all possible cooperation and assistance to the island nation amidst its worst economic crisis. Sri Lanka, which is on the brink of bankruptcy, is grappling with …

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Higher forex reserves lower cost of foreign borrowings, hedging cost: RBI article

Higher foreign exchange reserves have lowered the cost of foreign borrowings and also the hedging cost for companies, according to a paper published in RBI’s monthly bulletin. Since 2019, the RBI has been accumulating forex reserves that peaked at USD 642.453 billion in the week ended September 3, 2021, which was more than double the …

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