Total Matching Records found : 236

Indian banks gave more home loans than agricultural credit

In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...

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Govt will work to further bring down inflation: Nirmala Sitharaman in Lok Sabha

-PTI/ The Telegraph Experts say a high base of last year and some easing in food prices also worked in favour of the November 2022 wholesale price index The wholesale price-based inflation fell to a 21-month low of 5.85 per cent in November as prices of food, fuel and manufactured items softened. The WPI (wholesale price index) based inflation has been on a declining trend since May and came down to single digit...

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What is in store for India’s imports?

There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...

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India’s laptop imports surged to $5 bn in first 9 months of 2022. Nearly 73% came from China -Nikhil Rampal Since 2017, China has accounted for around 75 per cent of India’s laptop imports, but the government is now expanding its list of importing partners. New Delhi: India’s laptop imports surged to $5.24 billion in the first nine months of 2022, and about three-fourths came from China, show the latest statistics released by the Ministry of Commerce and Industry. According to the data, in the first three-quarters of 2021, India had imported...

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Make-in-India, e-marketplace stir frustration among scientists -GS Mudur

-The Telegraph Experts say government measures facilitate supply of poor quality equipment and threaten to hobble country’s research efforts The Narendra Modi government’s Make-in-India campaign and e-marketplace initiative have stirred frustration among scientists who say these measures facilitate the supply of poor quality equipment and threaten to hobble the country’s research efforts. The Make-in-India campaign embedded in the Government-e-marketplace (GeM), a portal for online procurement, appears to have ignored the realities of India’s...

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