Global food prices have risen to the highest level seen in nearly four years, influenced by a combination of trade disruptions and adverse weather conditions, according to the latest report from the United Nations Food and Agriculture Organization (FAO). The
In September 2023, the Strait of Hormuz experienced a notable increase in liquefied natural gas (LNG) traffic, with between 19 and 21 cargo vessels reported navigating the critical waterway. This figure represents the highest level of LNG traffic since the
In the wake of the ongoing conflict between Russia and Ukraine, Russian crude oil has emerged as a notable alternative for Indian importers, particularly as Western buyers have stepped back from Russian supplies. Prior to the war, Russia accounted for
In September, U.S. employers added a mere 29,000 jobs, falling significantly short of economists forecasts, which had anticipated an increase of around 90,000 positions. This disappointing figure contributed to an uptick in the unemployment rate, which rose to 4.2%. The
During the recent G20 trade ministers’ meeting held in Milwaukee, U.S. Trade Representative Jamieson Greer engaged in discussions with Indian Minister of Commerce and Industry Piyush Goyal. Key topics included food security, addressing the issue of steel overcapacity, and a
Under the newly established trade agreement between India and the United Kingdom, the import tariff on British whisky has been significantly reduced from 150% to 75%. This substantial cut effectively halves the tariff rate, facilitating greater market access for British
Gold and Silver Price Update: Market Trends Point to Positive Movement Today, the price of gold has shown an upward trend on the Multi Commodity Exchange (MCX), finding support near the ₹47,000 per gram mark. This movement suggests an increase
In September 2023, India’s manufacturing sector showed notable improvement, driven by increased demand and production levels. The HSBC India Manufacturing Purchasing Managers Index (PMI) rose to 55.1, indicating robust business activity. A PMI score above 50 signifies expansion in the
Gold Loans Experience Yearly Growth of 2.4% and 3.6% Gold loans in the financial sector have seen a notable increase, with recent data indicating a year-on-year growth of 2.4% in one segment and 3.6% in another. This uptick reflects a
Indias Goods and Services Tax (GST) collections exceeded Rs 2 lakh crore in September, marking a significant milestone in the countrys fiscal performance. This increase reflects a robust growth in revenue from domestic transactions, which rose by 10.1% compared to
