Category: economy
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Slight increase in unemployment rate in March
Overall Labour Force Participation Rate among persons aged 15 and above was 55.4% in March, lower than 55.9% in February. The rural LFPR was 58% in March compared to 58.7% in previous month.
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Wholesale price inflation rises 3.88% in March on surge in crude rates
Wholesale Price Index (WPI)-based inflation was 2.13%in the previous month and 2.25% in March last year
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IMF cuts West Asia, North Africa growth forecast to 1.1% over Iran war
Iran, Iraq and Qatar will be particularly hard-hit, the IMF’s World Economic Outlook warned, as it revised down its January prediction of 3.9% regional growth this year
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Crude oil demand to see biggest quarterly plunge since Covid: IEA
Russia earned $19 billion last month as crude and oil product exports soared to 7.1 million barrels per day from just 320,000 barrels a day in February, the IEA said
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Fuel, fertiliser prices may remain high for prolonged period: IMF, World Bank, IEA
The statement said the situation in West Asia remains very uncertain, and shipping through the Strait of Hormuz is yet to normalise
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Retail inflation inches up to 3.4% in March
The retail inflation released by the National Statistics Office (NSO) is based on a new series with a base year 2024
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Oil jumps 8% to above $100 ahead of U.S. blockade on Strait of Hormuz
President Donald Trump said on Sunday (April 12, 2026) the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war
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RBI scrutinises how banks unwound Rupee arbitrage, says sources
The list of banks whose transactions are being scrutinised could not be determined
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India boosts 5-kg LPG supply, accelerates PNG rollout amid West Asia disruption
The government has prioritised LPG supply to domestic households at the cost of cuts in supplies to commercial users like hotels and restaurants
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Oil jumps 8% to above $100 ahead of U.S. blockade on Strait of Hormuz
President Donald Trump said on Sunday (April 12, 2026) the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war