Author: Priyanshi Mishra

Global Query is on the rise after the recent developments in the United States, according to Chief Economic Advisor V Anantha Nageswaran. Speaking at the Crisil India Outlook forum, Nageswaran advised that countries should brace for the fallout from the recent bank failures and watch what the developments in the US over the last week would do to confidence, bank lending growth and the posterior chain goods. Nageswaran also refocused out that the global growth estimates of the International Monetary Fund( IMF) given in January look outdated in light of recent events. He prompted governments, businesses and individuals to keep”…

As summer approaches, coal supply is expected to increase to meet the rise in electricity demand in many parts of the world. Coal has historically been one of the main sources of electricity generation, and despite increasing efforts to transition to renewable energy sources, it remains an important part of the energy mix. According to industry reports, global demand for coal is expected to rise by around 4% this year, driven in part by the economic recovery from the COVID-19 pandemic. This has led to an increase in coal prices in some markets, as suppliers work to meet the growing…

The Centre for Economic Data Analysis (CEDA) at Ashoka University recently released its latest CEDA-CMIE bulletin, which sheds light on the borrowing patterns of Indian households from September 2022 to December 2022. The report highlights that over half of Indian households borrowed money during this period, with rural households being more prone to borrowing. The most common form of borrowing was found to be credit from local shops. The report analyzed data from the Consumer Pyramids Household Survey conducted by the Centre for Monitoring Indian Economy (CMIE). It found that around 52% of Indian households borrowed money in some form…

Swiggy, one of India’s leading food delivery platforms, has been accused of being ‘Hinduphobic’ over a Holi-themed billboard that suggests using eggs for consumption instead of smashing them over someone’s head. Food Giant Swiggy’s ad sparks controversy The controversy erupted after a photo of the billboard, which featured the tagline “Egg, not Egg on your face this Holi”, was shared on social media. While some netizens found the message amusing and even praised the company for promoting responsible behaviour, others took offence to it and accused Swiggy of hurting religious sentiments. Critics of the billboard argued that eggs are not…

Piyush Goyal’s activities or statements on March 8, 2024, as this date falls in the future and my training data only goes up until September 2021. As an AI language model, I do not have access to real-time information or predictions about future events. Union Minister for Commerce and Industry Piyush Goyal has emphasized that the Indian government’s focus on ramping up domestic production is not just about quantity, but also about ensuring high quality. He made these remarks while speaking at the annual conference of the Confederation of Indian Industry (CII) on March 8, 2024. The Minister stated that…

By: Priyanshi Mishra India, the world’s second-largest sugar producer, has a cushion to export an additional 1 million tonnes of sugar this year if domestic output reaches the estimated 33.6 million tonnes, according to a senior food ministry official. Despite total sugar production being pegged lower at 33.6 million tonnes in the ongoing 2022-23 marketing year, the official said that sugar availability in the country remains comfortable. This is good news for the Indian sugar industry, which has been struggling due to oversupply and low prices in recent years. The Indian government has been taking steps to support the sugar…

India has recently announced its plans to focus on technological growth in the coming years, with the goal of becoming a leading technology-driven economy. The government has emphasized the importance of innovation, research, and development in driving economic growth and creating jobs, and has identified several key areas for investment and development. One of the main areas of focus is the development of digital infrastructure, including high-speed internet connectivity and data centers, to support the growth of digital technologies and startups. The government has also announced plans to invest in emerging technologies such as artificial intelligence, blockchain, and quantum computing,…

India an emerging economy is seen as a major player in the global market India, the world’s seventh-largest economy, is fast emerging as a major player in the global market in 2024. With a population of 1.3 billion, India is home to one of the world’s largest and youngest workforces. The country has been steadily making progress in sectors like technology, finance, and manufacturing, and is set to continue its growth trajectory in the coming years. One of the key factors behind India’s emergence as a global player is its tech industry. The country has a thriving startup ecosystem, with…

The Supreme Court of India has rejected a plea by the Adani Group to impose a gag order on the media from reporting on the Adani-Hindenburg issue, stating that the freedom of the press is paramount and cannot be curtailed. By: Priyanshi Mishra In a recent development, the Supreme Court of India has rejected a plea that sought to stop the media from reporting on the Adani-Hindenburg issue. The plea was filed by the Adani Group, one of the country’s largest conglomerates, and it had requested the court to impose a gag order on the media from reporting on the…

Ashima Goyal, an MPC member of RBI, suggests the central bank should focus on targeted interventions to support growth while maintaining price stability. By: Priyanshi Mishra Ashima Goyal, a member of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), has cautioned that any further tightening of monetary policy could result in economic growth falling to 5%. Goyal, who is also an economics professor at the Indira Gandhi Institute of Development Research, made the remarks following the MPC’s latest meeting. She stated that while the economy was showing signs of recovery, it was still fragile, and any excessive tightening…