Economy

UPI added another billion to reach 11 billion transactions: Basics Explained

The Reserve Bank in its monthly bulletin said  The Unified Payments Interface (UPI) added another billion to reach 11 billion transactions in a short span of two months. LEARNING FROM…

 
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India’s GDP crossed the $4 trillion mark: Basics Explained

Referring to a purported screenshot of a live GDP tracker of all economies based on the International Monetary Fund  data , several media reports on Sunday said, India’s economy crossed…

 
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CPI-based inflation rate fell to 4.87 percent in October:  Basics Explained

As per the data released by the National Statistical Office (NSO) India’s consumer price index (CPI)-based inflation rate fell to 4.87 percent in October (it was 5.02 percent in September)….

 
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The rupee depreciated 4 paise to 83.32 against the US dollar: Basics Explained

The rupee depreciated 4 paise to 83.32 against the US dollar on Monday, tracking a negative trend in domestic equities. Persistent foreign fund outflows also weighed on the local unit…

 
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Current account deficit amounted to 1.1% of GDP in First quarter: Basics Explained

As per the data released by the Reserve Bank of India (RBI) India’s current account deficit (CAD) rosed to $9.2 billion in the first quarter(April-June) of 2023-24. It amounted to…

 
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India’s Q1 GDP data released: Basics Explained

The Ministry of Statistics and Programme Implementation (MoSPI) today released quarterly GDP data economic growth data — Gross Domestic Product (GDP). India’s gross domestic product (GDP) reached a growth rate…

 
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Govt unveils green hydrogen standards: Basics Explained

The ministry of New and Renewable Energy on Saturday defined Green Hydrogen (GH) and became one of the few countries to have a definition for GH; the ministry also notified…

 
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Retail inflation dips in August: Basics Explained

As per the data released by the National Statistical Office (NSO) India’s headline retail inflation rate fell to 6.83 percent in August (it was 7.44 percent in July), as vegetable…

 
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Deflation in China: Basics Explained

China’s economy has slipped into deflation as consumer prices declined in July for the first time in more than two years. The official consumer price index, a measure of inflation,…

 
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RBI has kept repo rate unchanged:Basics Explained

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the third bi-monthly monetary policy for FY24 . The RBI kept the repo rate unchanged at 6.5% . Since May…

 
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