With the Congress and some other opposition parties targeting the government over the UPSC's move to invite applications for 45 mid-level posts through lateral entry, sources said that several technocrats, economists and other specialists had joined the government during the rule of Congress
Rajani Sinha, Chief Economist at CareEdge, noted, "Despite the moderation in the inflation of the food and beverage basket when compared to last year, the sequential momentum remains strong, with a 2.5 per cent M-o-M increase in prices, higher than an average sequential grow."
Seventeen members of Bangladesh's interim government took their oaths at a ceremony in Dhaka on Thursday, Bangladesh-based daily, Dhaka Tribune reported. Nobel laureate economist Muhammad Yunus, 84, was sworn in as the country's chief advisor.
Nobel laureate and economist Muhammad Yunus took the oath on Thursday night, three days after Sheikh Hasina resigned from the post of Prime Minister and left the country amid widespread unrest.
Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that maintaining the repo rate provides stability and predictability in the financial markets.
Prime Minister Narendra Modi inaugurated the 32nd International Conference of Agricultural Economists (ICAE) on Saturday and said that India is finding solutions for global food and nutrition security.
The triennial conference, organised by the International Association of Agricultural Economists will be held from 2 to 7 August 2024. The ICAE is being held in India after 65 years.
Food and fertilizer subsidies account for more than 50 percent of the Union Budget for the rural and agrarian sector in FY 25, highlighted a report by the Indian Council for Research on International Economic Relations (ICRIER) by agriculture economist Ashok Gulati and Purvi Thangraj.
In June 2024, the trade deficit stood at USD 8.00 billion, up from USD 7.00 billion in June 2023. This USD 1 billion increase highlights a growing gap between the country's imports and exports, raising concerns among economists and policymakers about the underlying economic dynamics.
After the retail inflation data showed that food inflation in June almost doubled year-on-year to 8.3 percent, economic experts are optimistic that food inflation will decrease in the coming months.
This meeting, which also saw the participation of Finance Minister Nirmala Sitharaman, was a key step as the government gears up to present its comprehensive Budget for its third term on July 23.