Page 1010 - Economy & Policy News

G-33 members must work together for fair, balanced outcome at WTO: Goyal

The minister was speaking at the G-33 Ministerial Meeting on the sidelines of the 12th WTO Ministerial Conference at Geneva

Aatmanirbhar Bharat scheme: IAF plans to build 96 fighter jets in India

The Indian Air Force has plans of acquiring 114 Multirole Fighter Aircraft under 'Buy Global and Make in India' scheme

WTO MC12: Draft on fisheries subsidies does not meet India's demands

The draft specifies a transition period of seven years for developing nations, instead of 25 years, for exempting some developing countries from subsidy cuts

Rising tractor purchases sign of growing farmer incomes in Chhattisgarh

The increasing number of tractors being purchased in Chhattisgarh signifies that the farmers in the state are prospering as a tractor is considered a symbol of the economic prosperity of a farmer

Goal of $5 trn GDP appears to be case of 'shifting goalposts': Chidambaram

The original target year was 2023-24, the former finance minister said, adding that, "We are nowhere near that goalpost"

Income tax returns increased in FY22 over the previous fiscal: CBDT chief

Talking to PTI, Singh said the number of income tax returns last fiscal was 7.14 crore against 6.9 crore in the preceding financial year, showing a clear growth.

12th WTO meet: India says will not bend on subsidies to fishermen

The stage is all set for a face-off between the developing and developed countries at the 12th World Trade Organization (WTO) ministerial meeting in the Swiss town of Geneva

Govt protects farmers' interest through wheat exports curbs: APEDA Official

The government's move to restrict wheat exports last month has been primarily focussed on not just meeting domestic demand but also protecting the farmers income, APEDA Chairperson

India has shown exemplary resilience in recovery from Covid-19 crisis: CEA

The country has shown exemplary resilience in recovery from the Covid-19 pandemic crisis, Chief Economic Advisor (CEA) Anantha Nageswaran said

India's fuel demand jumps 24% year-on-year in May as recovery continues

India's fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 amid Covid outbreak

India's Airports Authority to procure navigation aid from Russian firm

Purchase will be made in 'national currencies' and the first systems will be shipped before Nov

Fitch lauds Indian economic recovery, ups outlook from negative to stable

The agency said that high inflation and hence high nominal GDP growth will benefit the debt-GDP ratio

IBBI draft papers to improve insolvency resolution likely out this month

The pandemic-induced slowdown has caused inordinate delays in the resolution process, which also impacted the potential investors' plan to acquire stressed assets in India

Divestment not to shut down PSEs but prime them up: FM Sitharaman

So far in the current fiscal year, the government has mopped up over Rs 24,000 crore from CPSE disinvestment

At 7.1%, India's factory output jumps to eight-month high in April

Electricity output rose to double digits in April

Export curbs, higher energy prices may spike trade deficit further in FY23

Revenues from the export of industrial metals would also take a hit from a decline in metal prices

ISMA seeks 1 mt of additional sugar exports in 2021-22 season

Cites production increase to 36 million tonnes from 35 million tonnes last season

Centre moots ruling authority to fix direct tax liability, settle disputes

Revenue dept to take up measures to boost tax-to-GDP ratio to 15-20%

India among 12 economies on currency Monitoring List' of US treasury

According to the report, India (with $569.9 billion) has the fourth largest foreign exchange after China ($3.2 trillion), Japan ($1.2 trillion) and Switzerland ($1 trillion)

RBI prioritising inflation over growth to maintain price levels: Official

The Reserve Bank of India is prioritising inflation over growth, which is manifested by the recent hikes in repo rate, an official of the central bank said on Friday.