Economy

Centre lifts ban on export of non-basmati white rice, traders hail move

The government has also reduced the export duty on parboiled rice to 10 per cent from 20 per cent, the notification said

Jan-Jun FTAs in India at 4.78 mn, B'desh, US top sources: Tourism ministry

Figures showed that inbound tourism in the country is trailing the pandemic levels

Top 1% tax filers account for over 54% of short-term capital gains

No. of individuals reporting STCG has risen 10-fold to 4.58 mn in 11 years

Foreign exchange reserves hit fresh high, inch closer to $700 billion

The previous record of $689 billion was hit in the week ended September 13. The total reserves rose on the back of an increase in foreign currency assets which rose by $2.05 billion during the week

Rising issuance of CPs, CDs likely to keep money market rates elevated

This surge in CD issuances is driven by quarter-end reporting, as funds raised through CDs are included under aggregate deposits, the report highlighted

Net financial wealth of households touched all-time high in Q1 FY25

Motilal Oswal report shows assets have grown at a faster pace since the pandemic

Sluggish foreign tourism recovery impacts India's hospitality industry

The post-pandemic recovery in India's inbound tourism is lagging the global trend

GST Council forms GoM on compensation cess; report expected by Dec 31

With just one-and-a-half year remaining for the cess to end, the GST Council in its 54th meeting on September 9 decided to set up a GoM to decide the future course of the cess

Call on fresh sovereign gold bonds to be taken after assessing markets

Indications were that decision on this would be taken in September

India ranks 39th in GII 2024; Switzerland leads for 14th consecutive year

The GII report uses seven indicators: Institutions, Human Capital and Research, Infrastructure, Market Sophistication, Business Sophistication, Knowledge and Technology Outputs, and Creative Outputs

Madhya Pradesh RIC attracts over Rs 23K cr investments; 28K jobs expected

The proposed investment is expected to generate around 28,000 jobs, with the highest investment of Rs 6,800 crore in the renewable energy sector

Plunging cracks may erode OMCs' supernormal profits, delay fuel price cuts

But low cracks, or net earnings from processing crude into petrol and diesel, have contributed to abysmal refining margins, prompting a rethink on lowering pump prices

10-12 companies to get first set of incentives for textiles PLI scheme

Decision comes after panel flagged funding 'shortfall' in 3 out of 14 sectors

Fiscal profligacy by poll-bound states needs to be closely watched: UBS

"The recent fiscal profligacy seen in poll-bound states should be watched closely," the report said

India, Uzbekistan sign investment treaty to boost investor confidence

The treaty also provides for protection to investments from expropriation, provides for transparency, transfers and compensation for losses, it said

Indian economy to grow at 6.5-7% in FY 2024-25 on steady state basis: CEA

He said the growth rate is commendable given the current global scenario

Regulatory scrutiny may dampen credit cards' festive season spirit

Pressure on unsecured lending may weigh on growth in spending through credit card

Govt announces market borrowing of Rs 6.61 trillion in 2nd half of FY25

Amount, which is 47% of gross borrowing target, will be realised via 21 weekly auctions

Sri Lanka's new President options: India or China, or India and China

As such, China does play a larger role in resolving this crisis but India can't be wished away, since it is a leading export destination for Lanka

Share of self-employed women increased to 67% in 2023-24: PLFS data

Labour force participation rate for women rose to 41.7% from 23.3% in 2017-18