Page 1014 - Economy & Policy News

Fintech has potential to transform India's financial landscape: MoS Finance

Industry looks at credit card penetration as a key growth driver in future

Authorities taking steps to moderate inflation, push growth: DEA Secy

Monetary and fiscal authorities are taking steps to moderate inflation and push growth, Department of Economic Affairs Secretary Ajay Seth said

Sugar mills question export quota allotment; Centre says it's transparent

ISMA ups 2021-22 sugar production estimate to a record 36 million tonnes

Goods or services? GST law committee's cryptocurrency dilemma

Tax treatment decision after there's clarity on classification

Shanghai setback leaves Ludhiana's apparel industry staring at losses

Repeated supply shocks have brought the Rs 20,000-cr textile hub to its knees

RBI raises repo rate by 50 bps to tame prices; pegs FY23 GDP growth at 7.2%

The repo rate before the pandemic came was 5.15%

Russia has no extra oil to sign deals with two Indian buyers: Report

A lack of new term supply deals with Rosneft may push Indian refiners to turn to the spot market for more expensive oil

When every Indian pays tax, I-T officers may not be needed: Minister

The number of taxpayers in the country has increased in the last eight years, says Jitendra Singh

Resolve lease issue by govt redress mechanism, SC tells Srinagar hotel

Adds that the representation HCI makes should be viewed sympathetically and the larger interest should be kept in mind, especially since "the petitioner is a government undertaking"

Govt issues sugar export release orders for 10 lakh tonnes till June 3

The government has capped sugar exports at 100 lakh tonnes for the 2021-22 marketing year (October-September) with effect from June 1

EMIs to soar: Here's how much repo rate hike will pinch home loan borrowers

RBI's repo rate hike spells bad news for those who were looking to buy a home and also for those who are paying their EMIs

FY22 agri inflation at six-year high, but did farmers reap full benefit?

Though Indian farmers may have gained from higher than usual inflation in crop prices, they have also had to pay more for their inputs and other items of consumption and service

Govt hikes MSP for paddy, other kharif crops as sowing season begins

The support price of 'A' grade variety of paddy has been hiked to Rs 2,060 per quintal from Rs 1,960.

I am sure govt is mindful of inflation situation: RBI Governor Das

RBI Guv Shaktikanta Das on Wednesday said the govt is "mindful" of the current inflation situation, and it is up to the Centre to take further supply-side measures to contain the price rise situation.

Why is India's local laptop production weak despite one year of PLI?

India had launched the Production-Linked Scheme to give fillip to manufacturing in the country. But why is domestic production of laptops still weak? Is the PLI scheme not attractive enough?

No sign of overcapacity yet as global commodity prices come off peaks

The exception is energy, which isn't dictated by liquidity conditions, but by decisions of the Opec-plus cartel, where plenty of other factors come into play

RBI says 75% of rise in inflation projection for FY23 due to food

RBI Governor Shaktikanta Das, while estimating India's overall retail inflation for FY23 at 6.7%, said that the 75% of the increase in inflation projections can be attributed to the food group.

India could soon allow wheat exports of 1.2 million tonnes: Report

New Delhi banned wheat exports in a surprise move on May 14, but said it would allow overseas shipments backed by already issued letters of credit and to countries that request supplies

RBI strikes good balance between inflation and growth: Experts on rate hike

All the measures, including banking tweaks, to promote affordable housing seem to be unorthodox and practical, with the RBI playing its central bank role almost perfectly, says Finology Ventures CEO

India confident of running first bullet train by 2026, but only in Gujarat

The first phase of the Ahmedabad-Mumbai bullet train project, a 61-km stretch between Surat and Bilimora in Gujarat, is likely to be operational only in 2026