Page 1036 - Economy & Policy News
Madhya Pradesh ministerial group agrees to reduce import duty on beer, wine
A group of ministers (GoM) in the Madhya Pradesh government deliberating on excise matters has given the consent to reduce the import duty on beer and wine in the state, state home minister said
 "Madhya Pradesh ministerial group agrees to reduce import duty on beer, wine")
Govt announces import relief for edible oil; cut in sugar exports next
Move follows ban on wheat export to rein in inflation
 "Govt announces import relief for edible oil; cut in sugar exports next")
India committed to strengthen multilateral trade system: Goyal to WTO chief
Commerce and Industry Minister Piyush Goyal met World Trade Organisation Director-General Ngozi Okonjo-Iweala and reiterated India's support for strengthening the multilateral trading system
 "India committed to strengthen multilateral trade system: Goyal to WTO chief")
Why must India tread cautiously as it joins IPEF?
This week India joined the US-led Indo-Pacific Economic Framework. While the final contours of India's participation are yet to emerge, there could be areas of friction too. India tread with caution
 "Why must India tread cautiously as it joins IPEF?")
Exports rise 21% to $23.7 billion during May 1 to 21, shows data
The total figure for May is likely to be realised by the commerce ministry in June
 "Exports rise 21% to $23.7 billion during May 1 to 21, shows data")
Women in lower-middle-income countries facing worst brunt of pandemic: Data
There are 44 million fewer jobs for women across the world compared to pre-pandemic period; 25.5 million fewer jobs were available in lower-middle-income countries
 "Women in lower-middle-income countries facing worst brunt of pandemic: Data")
WEF 2022: India on top for trust in domestic companies, says study
On the overall trust index, taking into account trust in NGOs, business, government and media, India is now placed at the second place after China, as against third in January this year
 "WEF 2022: India on top for trust in domestic companies, says study")
Govt imposes restrictions on sugar exports from June 1, says DGFT
However, it said that these restrictions would not be applicable on sugar being exported to the EU and the US under CXL and TRQ
 "Govt imposes restrictions on sugar exports from June 1, says DGFT")
PSU privatisation: Centre asks for legal declaration from bidders
An entity, which is disqualified, will not be allowed to participate merely because it has filed an appeal against an adverse order
 "PSU privatisation: Centre asks for legal declaration from bidders")
Quad countries make $50-bn infra push for Indo-Pacific to counter China
Without naming Sri Lanka, the Quad leaders also resolved to address debt issues of countries in the region
 "Quad countries make $50-bn infra push for Indo-Pacific to counter China")
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
 "Coal production rose to 34 MT in 1st half of May to meet power demand: Govt")
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
 "Lanka seeks $500-mn loan from India for fuel purchases amid forex crisis")
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.
 "WEF 2022: The World Economic Forum's focus remains the western world")
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.
 "India drops to 54th place on tourism development Index, top in 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
 "Proposed Indo-Pacific trade bloc: Here's a look at what is in it for India")
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
 "Govt allows duty-free import of 2 mn MT of crude soyabean, sunflower oil")
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
 "India-Canada second round free-trade agreement talks start next week")
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
 "Four ships waiting to berth at Kandla port to load wheat for exports")
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
 "Bounce rate eases to 22.5% in April despite inflationary pressures")