Economy

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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WHAT IS INFLATION

                INFLATION: It is an economic condition in which prices of goods and services rise and the value of money falls or money circulation exceeds the production of goods and…

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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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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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PepsiCo-potato case: Basics Explained

The Delhi High Court, recently, held that there was no merit in the appeal filed by PepsiCo over the patent rights for its unique potato variety. PepsiCo’s The multinational corporation…

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World Bank New President: Basics Explained

The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay Banga most recently served…

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RBI keeps the Repo Rate unchanged

RBI (The Reserve Bank of India) , as inflation continues to remain sticky, on Thursday decided to keep the policy repo rate unchanged at 6.50 percent. The central bank has…

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