Manufacturing, which accounts for 77.6 per cent of the weight of the Index of Industrial Production (IIP), grew by 3.1 per cent in June as against 12.9 per cent in the year-ago period and 5.8 per cent in May.
The ongoing Israel-Hamas conflict has increased the demand for gold, as the precious metal is often sought as a safe asset in times of economic and political turmoil.
The tax officers will be required to send a report on a daily basis to the Election Commission of India.
On the inflation front, the DEA said that the headline inflation outlook is on a “declining trend”, given the stable downward movement in core inflation and continuing deflation in fuel inflation, notwithstanding the temporary disruptions from high food prices.
The output growth of the eight sectors was also lower in April-July of FY24 (6.4 per cent) when compared with the year-ago period (11.5 per cent).
Federal Reserve Chair Jerome Powell said that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large US banks this spring.
Meeting in Jaipur said the topic of the meeting could not be be discussed properly without acknowledging the serious and continuing impact of Russia’s premeditated and unprovoked war of aggression against Ukraine.
NITI Aayog is consolidating ten sectoral thematic visions into one ‘Viksit Bharat @ 2047’ document; some states are developing visions in parallel
RBI Governor Shaktikanta Das announed the monetory policy statement on Friday.
In the intraday session, Netweb Technologies’ shares hit a high of Rs 952, up 90.4 per cent from its issue price.