Page 1034 - Economy & Policy News

Coal production rose to 34 MT in 1st half of May to meet power demand: Govt

The total coal dispatch including non-CIL coal producing units has been to the tune of 71.77 MT for the entire month of April, registering a growth of 9.39 per cent on a year-on-year basis

Lanka seeks $500-mn loan from India for fuel purchases amid forex crisis

The economic crisis has also triggered a political crisis in Sri Lanka and a demand for the resignation of President Gotabaya Rajapaksa

WEF 2022: The World Economic Forum's focus remains the western world

A Business Standard analysis found that the US and the UK top the list of discussions at the World Economic Forum 2022 Annual meeting.

India drops to 54th place on tourism development Index, top in South Asia

India was on Tuesday ranked at the 54th place in a global travel and tourism development index, down from 46th in 2019, but still remained on the top within South Asia.

Proposed Indo-Pacific trade bloc: Here's a look at what is in it for India

Apart from the four Quad members, IPEF includes Brunei Darussalam, Indonesia, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam

Food inflation is manageable, people won't feel pain: Piyush Goyal

Tells India Inc to focus on value-added exports, ensure jobs come into the country

Govt allows duty-free import of 2 mn MT of crude soyabean, sunflower oil

The duty-free import of 2 mn MT per year will be applicable for two FYs (2022-23, 2023-24) for crude soyabean oil and crude sunflower oil, the Finance Ministry said in a notification

India-Canada second round free-trade agreement talks start next week

Canada is expected to seek greater market access for agricultural products such as pulses. Both nations may steer away from including sensitive items such as dairy in the trade deal

Four ships waiting to berth at Kandla port to load wheat for exports

Traders said some 190,000 tonnes of wheat are struck for want of fresh approvals; another 1.5-1.6 million tonnes are at the ports

Bounce rate eases to 22.5% in April despite inflationary pressures

The bounce rate is always higher by volume than value as lower ticket sizes generally tend to bounce more

World Economic Forum: Overall food inflation is manageable, Piyush Goyal

Speaking at the World Economic Forum in Davos, Goyal also said that India was producing enough wheat for domestic consumption

Consumers compelled to buy coal at high prices to keep plants running: CCAI

The statement comes amid certain parts of the country witnessing power outrages in the wake of fuel shortages

India considers tax cut on soybean and sunflower oil to cool prices: Report

Curbing the tax could be one of the limited options available for the government to reduce surging vegetable oil prices in the world's second most-populous nation

Polarisation damaging foundations of India's growth: Kaushik Basu

Basu further said India's big challenge is unemployment and joblessness as youth unemployment in India is over 24 per cent, which is among the highest in the world

India to limit sugar exports in risk to global food prices: Report

India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season's exports at 10 million tonnes

Goa govt urges finance ministry to levy 'nil' export duty on low-grade ore

Days after the Centre hiked the duty on exports of iron ore to 50 per cent, the Goa government has urged the Union finance ministry to bring down the duty on low-grade ore to 'nil'

WEF 2022: Prepare for future headwinds as tourism sector shows recovery

The growth in international tourist arrivals in January 2022 over January 2021 is greater than arrivals growth in all of 2021, the report said

WEF 2022: Oxfam calls for wealth tax to benefit women in informal sectors

During a session on gender parity at the WEF 2022 at Davos, Bucher noted that billionaire wealth has risen greatly during the two years of the pandemic

What challenges India may face at Davos?

Global investors will be keenly assessing what the Indian delegation has to say at the World Economic Forum's annual meeting. What will be India's strategy and what challenges it could face?

Govt needs to clarify whether it wants oil price control or exports

The consequences of such confused messaging were felt in the lack of bidders for BPCL, forcing Delhi to abandon efforts to privatise the refiner