Page 1042 - Economy & Policy News

Rupee hits a fresh intra-day low, cuts losses as RBI intervenes

Gold reserves increase by over 100 tonnes in two years

Delhi records highest-ever GST collection for April at Rs 2,898 cr

Record GST collection is also a sound indicator of the national capital's economy recovering fast after the devastation caused by the three waves of Covid-19 during the past two years, officials said

Talks planned for India to restructure $1.3 bn credit line to Sri Lanka

Standard & Poor's has downgraded Sri Lanka's long-term foreign currency sovereign credit rating to selective default

Inflation getting broad-based, RBI set to hike repo by 100 bps: CRISIL

The RBI hiked its key rate by 0.40 per cent in a surprise move last week while keeping an accommodative stance

Govt plans wheat export push in nine countries amid rising global demand

According to official estimates, India exported 7 million tonne of wheat in 2021-22, valued at $2.05 billion

Mill owners ask govt to ensure steady wheat supply to keep prices in check

The country has enough wheat in stocks and it is monitoring supplies, the government assures mill owners.

Petition for insolvency gets time-barred if filed after 3 years: NCLAT

A former managing director of a Dutch company had moved tribunal seeking payment of salary arrears from its Indian arm.

CBDT lays out guidelines for manual scrutiny of income tax returns

Income-Tax department selects cases manually for comprehensive scrutiny

Economic growth to slow if RBI hikes rates: Finance secy Somanathan

The central bank hiked its repo rate by 40 basis points (bps) to 4.40 per cent following an emergency meeting earlier this month

Better placed than peers to fight inflation: Finance ministry report

The report said that seen over a longer time horizon, inflation in India's economy has not been as much a challenge as is sensed from month-to-month changes

Power outage in the time of sowing: Jalandhar MSMEs' new struggle

Jalandhar has been in the midst of much disruption. This ground report, concluding the power crisis series, looks at MSMEs and their issues

Retail inflation hits 8-yr high of 7.8% in Apr on costlier fuel, food items

Factory output shows poor growth at 1.9% in March

Forex reserves fall by $28.05 bn in Sep 2021-Mar 2022 period: RBI report

RBI publishes half-yearly reports on management of foreign exchange reserves as part of its efforts towards enhanced transparency and levels of disclosure

Steps taken by RBI, govt to cut duration of high inflation: FinMin report

'Evidence on consumption patterns further suggests that inflation in India has a lesser impact on low-income strata than on high-income groups,' the finance ministry's monthly economic review said

Retail inflation accelerates to 7.79% in April; March IIP growth at 1.9%

The jump in CPI inflation has been long anticipated following the Central govt's decision to wait until after key state elections in March to hike fuel prices

Top headlines: Retail inflation soars to 7.79% in Apr; L&T Q4 net rises 10%

Business Standard brings you the top headlines on Thursday

India's power crisis: The devil lies more in the cost than in the crunch

New far-off plants are costlier and start supplying power much after the older ones have been run at peak. This summer, despite the call to phase out plants over 25 years, they've proved their worth

Are revival signs of rural economy for real or is it too early to call?

Many non-official parameters do indicate a rebound, but high inflation seems to hitting hard, eroding all gains

PAN mandatory for cash deposit or withdrawal of Rs 20 lakh or more

PAN will also be required for opening of current and cash credit account

Top headlines: Ultratech's Ambuja bid, Delhivery may hit a valuation hurdle

Here are the top Business Standard headlines on Thursday