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    Govt says no proposal under consideration to waive farmer loans

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    New Delhi: The government on Monday said there is no proposal under consideration to waive loans of farmers, including Scheduled Caste and Scheduled Tribe...
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    Winds of Change Blowing in Rural Economy: LG

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    Ghazipur- Lieutenant Governor Manoj Sinha on Thursday said that the dream of India as a global superpower under the guidance of Prime Minister Modi...
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    CS Directs Banks To Saturate Self-Employment In J&K By End Of November

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    Chairs 8th UT-Level Bankers’ Committee Meeting SRINAGAR- Government  is committed to bring down the unemployment in J&K and the financial sector needs to put in...
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    GST Revenues Rise To Rs 1.65 Lakh Crore In July On Anti-Evasion Measures

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    New Delhi- GST collection rose 11 per cent to over ₹ 1.65 lakh crore in July as a result of anti-evasion measures and higher...
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    J&K’s Budget Proposals Likely To Be Submitted To GoI Next Week

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    Srinagar- The Jammu & Kashmir government is likely to submit budget proposals of the Union Territory for 2023-24 to the Government of India in the...
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    India’s GDP likely to grow at 18.5% in April-June quarter this fiscal: SBI report

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    Mumbai: The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter...
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    J&K Tourism Organises Outreach Meet At Dubai

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    Srinagar- On the sidelines of Expo2020 at Dubai, J&K Tourism organised an outreach meet with the stakeholders of the Middle East and adjoining areas. The...
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    New Delhi, Jan 3 (PTI) India's manufacturing sector growth fell to an 18-month low in December amid softer increase in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday. The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed that there were softer, albeit sharp, increase in factory orders and output, while business confidence towards the year-ahead outlook strengthened. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 56 in November to an 18-month low of 54.9 in December. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. The HSBC India Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers. "India's manufacturing sector continued to expand in December, although at a softer pace, following an uptick in the previous month. Growth of both output and new orders softened, but on the other hand, the future output index rose since November," said Pranjul Bhandari, Chief India Economist at HSBC. Despite a loss of growth momentum, the sector still expanded strongly in December. New business gains, favourable market conditions, fairs and expositions collectively induced another sharp increase in manufacturing production during December, according to panellists. The December data showed a 21st consecutive increase in international order receipts at goods producers in India. "Companies noted gains from clients in Asia, Europe, the Middle East and North America. New export sales expanded at a moderate pace that was the joint-slowest in eight months," the survey noted. On the prices front, input costs rose at the second-slowest rate in nearly three-and-a-half years and charge inflation softened to a nine-month low. Among the items reported to have been up in price were chemicals, paper and textiles. Little-changed from November, however, the rate of inflation was negligible by historical standards and was the second-weakest in just under three-and-a-half years, as per the survey. "Rates of increase in input and output prices were broadly unchanged," Bhandari added. HSBC India PMI data showed a general lack of pressure on the capacity of manufacturers at the end of the third fiscal quarter. Subsequently, employment was largely stable in December. When assessing the year-ahead outlook for production, Indian manufacturers were at their most upbeat for three months. Anecdotal evidence highlighted advertising, better customer relations and new enquiries as the main factors boosting business confidence in December, the survey said.

    India’s Manufacturing Sector Activity Falls To 8-Month Low In Oct On Softer Rise In...

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    New Delhi- Manufacturing activities in India decelerated in October as new orders increased at the slowest pace in a year, triggering a softer rise...
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    India Reports CAD Of 1.2% Of GDP In FY22 On Widening Trade Deficit

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    Mumbai- India witnessed a current account deficit of 1.2 per cent of GDP in 2021-22 against a surplus of 0.9 per cent in FY2020-21 due...
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    RBI Projects Inflation To Fall Below 6% By Mar 2023; To Keep ‘Arjuna’s Eye’...

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    New Delhi- The Reserve Bank on Wednesday projected inflation to come down below the upper threshold level of 6 per cent by March quarter...
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