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Indians pick UPI over debit cards for ease of use, zero fees

Aggregate debit card transactions by value stood at ₹7.2 trillion in FY23, while the same for UPI was at ₹139.2 trillion. (Mint)

Aggregate debit card transactions by value stood at ₹7.2 trillion in FY23, while the same for UPI was at ₹139.2 trillion. (Mint)

2 min read . 12:10 AM IST Shayan Ghosh

The CVD is typically imposed to protect local companies that cannot compete with cheap imports that gain from subsidies given by the exporting nation (Bloomberg)

India may bring back CVD on steel to check flood of imports

2 min read . 04 Jun 2023

With capacity utilization at 80% or higher, these sectors stand out as primary candidates for substantial fresh investments (Getty Images via AFP)

Sectors linked to infra poised for new investments: CII president

4 min read . 04 Jun 2023

Since the last monetary policy meeting, retail inflation has eased to an 18-month low of 4.7% in April (Mint)

RBI may continue pause on rate hike

2 min read . 12:42 AM IST

Data on the central government’s finances, also released last week, showed satisfactory numbers, with the Centre meeting its targets for fiscal deficit, capital expenditure and tax collections for 2022-23. (HT_PRINT)

The FY23 growth story decoded in five charts

4 min read . 12:09 AM IST

The move to join the Pharmaceutical Inspection Convention and Pharmaceutical Inspection Co-operation Scheme (PIC/S) was triggered by the deaths of 66 children in Gambia that were linked to toxic Indian-made cough syrups (AFP)

India to join global scheme to improve quality of drugs

3 min read . 04 Jun 2023

Centre’s rice procurement concluded on May 22,

Risks to cereal inflation: Is rice the new wheat?

2 min read . 12:39 AM IST

The sell-off by FPIs was triggered after Chinese telecom giant Huawei’s CFO Meng Wanzhou. Photo: iStock

Quick edit: Is the tide turning?

1 min read . 04 Jun 2023

The carbon footprint is a measure of the impact our activities have on the environment, and in particular climate change.

World Environment Day: Here's how businesses can reduce their carbon footprint

2 min read . 03 Jun 2023

India shored up coal, gas supply in anticipation of summer heatwave. Photo: Bloomberg

India’s fossil fuel burn to surge as heatwave triggers peak power demand: S&P

2 min read . 03 Jun 2023

Luxury houses are already searching for new engines of growth. . REUTERS/Roselle Chen (REUTERS)

Is the luxury sector recession-proof?

2 min read . 03 Jun 2023

The project, which was approved by the Union cabinet last July, got underway only in February this year. (Mint)

BSNL goes to borders to set up 20,000 4G towers

2 min read . 02 Jun 2023

India currently has less than 300 megawatts of installed floating solar power capacity (Bloomberg)

Centre weighs financial aid for nascent floating solar projects

2 min read . 02 Jun 2023

Domestic air traffic in May is also 15% higher than the year-ago period and has risen more than 2% since April.

Air passenger traffic surpasses pre-covid record

1 min read . 03 Jun 2023

A shopkeeper removes sugar from a sack in Mumbai, India, on Monday, July 9, 2007. Sugar exports from India, the world's second largest producer, may double in 2008 because of a domestic surplus, adding further pressure to prices that have plunged 44 percent in the past year. Photographer: Sima Dubey/Bloomberg News

Govt unlikely to allow sugar exports next season

2 min read . 02 Jun 2023

Copper, an extensively used material in construction, telecommunication, automobile, consumer durable and power sectors, is the third most used metal for industrial purposes, after steel and aluminium. Photographer: Roland Magunia/Bloomberg News.

Copper imports at all time high amid supply disruptions

1 min read . 03 Jun 2023

Professional and business services led job creation for the month with a net 64,000 new hires. (AFP)

US unemployment rate at 3.7% for May

1 min read . 02 Jun 2023

The largest 15 countries by GDP, which include India and China, all have a fertility rate below the replacement rate (Photo: Reuters) REUTERS/Tingshu Wang

Global fertility has collapsed, with profound economic consequences

5 min read . 02 Jun 2023

The data showed that investment in fixed assets witnessed strong growth of 8.92% in the March quarter, driven by the central government’s capital expenditure, while household spending witnessed an uptick of 2.82%. Government spending, too, showed growth of 2.29% during the quarter on a high base. (Bloomberg)

Manufacturing PMI at 31-mth high on restocking, rising biz

2 min read . 02 Jun 2023

The MSP of kharif pulses is expected to be raised by 6-8%, with tur (arhar) and urad likely to be set at nearly ₹7,000 per quintal and moong expected to reach ₹8,400-8,450 per quintal (mint)

Govt weighs 3-8% increase in MSP for kharif crops

3 min read . 01 Jun 2023

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