Food inflation decreased to 17.81 percent towards the end of February compared to 17.87 percent in the previous week. Fuel inflation increased due to the recent price hike in excise and customs duty announced in the Union Budget. This has led to an increase in prices by 6 percent on weekly basis. Government is confident [...]

After inaugurating three generic medicine stores in Bhubaneswar, Union Minster of State for Chemicals and Fertilisers Srikanta Jena, said that India ranks first in exporting generic medicines worth Rs.50, 000 crore per year. The quality of the medicines is maintained by the Indian Drugs and Pharmaceuticals Limited. While addressing the launch, Jena said, “Orissa was [...]

Car sales crossed over 1.5 lakh in February an increase of 33 percent compared to last year. Fear of withdrawal of stimulus leading to higher taxes, increase in auto interest rates, new emission norms which will further increase car prices are some of the factors which caused the car sales to peak in February. Maruti [...]

Banks discontinue their special home loan rates and have increased interest rates for auto loans. This is due to the last credit policy of the Reserve Bank of India which hiked the cash reserve ratio by 75 basis points. Following this HDFC and ICICI bank has discontinued their special home loan rate also known as [...]