Business

October 14, 2022 8:21 AM

World Bank warns that global economy close to recession

World Bank President David Malpass has warned that the global economy is dangerously close to a recession and called for targeted support for the poor. He said the World Bank has lowered 2023 growth forecast from 3 percent to 1.9 percent for global growth. That's dangerously close to a worl...

October 12, 2022 8:19 PM

Retail inflation rises to 7.41 per cent in September

Retail inflation, based on the consumer price index (CPI), rose to 7.41 per cent in September this year compared to seven per cent in preceding month. As per the Ministry of Statistics and Programme Implementation data released today, inflation climbed mainly due to modest rise in prices of Food &am...

October 12, 2022 6:57 PM

IIP witnesses contraction of 0.8% in August against growth of 2.4% in July

The Index of Industrial Production (IIP) witnessed contraction of 0.8 percent in August against growth of 2.4 percent in July this year. According to the Ministry of Statistics and Programme Implementation data released today, the IIP had risen 13.0 per cent in August last year. The industrial outpu...

October 11, 2022 10:06 AM

Coal Ministry issues Allocation Order for 12 Coal Mines

The Ministry of Coal has issued Allocation Order for 12 Coal Mines. The cumulative Peak Rated Capacity (PRC) of the 12 coal mines for which orders have been issued is 21 million tonnes per annum and Geological Reserve is 2300 million tonnes. The Ministry said in a statement that these mines are expe...

October 10, 2022 6:01 PM

Crude oil prices fall snapping winning streak of 5 straight days

Crude oil prices today fell snapping winning streak of five straight days. The crude prices decline around one percent as investors looked to slowing economic activity in China which revived concerns about a global recession and falling global fuel demand.     In intra-day trade, Brent crude was tra...

October 10, 2022 5:53 PM

Gold prices loses 685 rupees at Multi Commodity Exchange for December contracts

Gold prices today lost 685 rupees at Multi Commodity Exchange for December contracts. The precious metal was trading at 51,275 rupees per 10 gram.       Silver prices also plunged 1,215 rupees to 59,570 rupees per kilogram for December Contracts when reports last came in.       In the New York Merca...

Most Read

View All arrow-right

No posts found.