How ban on Gold from Russia will Impact Indian Markets?

How ban on Gold from Russia will Impact Indian Markets?

Gold prices rose on Monday as news that some Western nations plan to officially ban imports of the metal from Russia for its invasion of Ukraine sparked some interest in bullion. The ban on Russian gold exports from four G7 powers (UK, US, Japan and Canada) will have an impact on the global commodity market. … Read more

Life in crisis-hit Sri Lanka: No fuel, no electricity, no food

Life in crisis-hit Sri Lanka: No fuel, no electricity, no food

Sri Lanka Petroleum Corporation was unable to buy imported fuel even on cash payments due to heavy debt. Sri Lanka’s Prime Minister Ranil Wickremesinghe issued a statement with lawmakers on Wednesday, saying the country’s indebted economy had collapsed after months of food, fuel and electricity shortages. According to the Associated Press (AP), the Sri Lankan … Read more

Why UAE Banned export of Indian Wheat?

Why UAE Banned export of Indian Wheat?

The UAE Ministry of Economy has ordered the suspension of exports and re-exports of wheat and wheat flour originating in India for a period of four months, state news agency WAM said on Wednesday. The United Arab Emirates Ministry of Economy explained that this decision comes in view of international events that have affected trade … Read more

Rupee slips to a record-low: What to make of it?

rupee slips to new low

Opinion| Aditi Gupta | Economist | Indian rupee slipped to a fresh record low of 78.04/$ yesterday amidst a resurgence in dollar strength. Other global currencies also ended sharply lower as DXY index surged to a 20-year high ahead of the US Fed meet. EM currencies depreciated sharply by 0.8%. Brazilian Real (BRL) fell the … Read more

How possibility of economic recession is increasing?

how world is heading towards recession

Opinion | Economist| Sonal Badhan | Global stock markets ended in red and 10Y yields inched up, as investors fear more aggressive rate hike by US Fed to tame the inflation. Tight liquidity conditions and elevated price pressures may dent demand, thus increasing the possibility of economic recession. Latest print from UK shows that the … Read more

What is phytosanitary problem found in Indian wheat sent back by Turkey?

Why UAE Banned export of Indian Wheat?

The Indian government has asked the Turkish authorities to provide details on Turkey’s rejection of Indian wheat due to quality. India has exported this wheat through ITC. Following the return of the Turkish consignment of wheat, the private company ITC said it had all the necessary permits to export 60,000 tonnes of wheat. phytosanitary problem … Read more

Hike in Third Party Insurance Premium with effect from June 1

Hike in Third Party Insurance Premium with effect from June 1

If your mind is thinking of buying a four-wheeler or two-wheelers then stop and read. Since buying a motorbike or car in the country will become costlier from June 1, the cost of third party insurance premium has been increased. Now the rising prices of petrol and diesel had given some relief that this news … Read more

5 Best Restaurant Management Software in India

5 Best Restaurant Management Software in India

To make every restaurant a success story, along with the food and the team, an efficient management software is equally important. The Restaurant Management software diversifies the input system, payroll and payment methods and further helps in maintaining a transparent record. While choosing a Restaurant Management Software, a few features must be looked after, such … Read more

Inequality rise in India, only 10% of people earning Rs 25,000 per month

Inequality rise in India, only 10% of people earning Rs 25,000 per month

The Prime Minister’s Economic Advisory Council (EAC) has released a report on the latest state of inequality in India. This report paints a bleak picture. He said that if the gap in income inequality is not closed, it will be more difficult to achieve the goals of social development and shared prosperity. inequality in India … Read more

Petrol price will be reduced by Rs 9.5 and diesel by Rs 7 per litre

Petrol price will be reduced by Rs 9.5 and diesel by Rs 7 per litre

The central government has cut excise duty on petrol and diesel. On Saturday, the government has reduced the excise duty on petrol by Rs 8 per liter and on diesel by Rs 6 per liter. Union Finance Minister Nirmala Sitharaman said, “We have reduced the central excise duty on petrol by Rs 8 per liter and … Read more