Page 1064 - Economy & Policy News

RBI turns net purchaser of US currency in February, buys $771 mn

In the reporting month, the central bank bought $5.946 billion and sold $5.175 billion in the spot market, RBI said in its monthly bulletin for April 2022

Data Protection Bill: IAMAI wants age of consent to be lower than 18

Also wants verification of age, parental consent removed

Recovery Tracker: Retail & recreation visits higher than pre-Covid days

Vehicle registrations dec­li­ned last week and remained below 2019 levels

GST: GoM yet to take a view on rate rationalisation, says report

There was a thought in some quarters that the slab of 5% may be broken into 3% and 8%, and the remaining slabs of 12, 18 and 28% will continue

India faces global challenges from position of strength, says RBI article

The article on 'State of the Economy', published in the April 2022 RBI Bulletin, said India enters Samvat 2079 having crested the third wave of the pandemic

Govt procures 6.92 mn tonnes wheat at MSP for nearly Rs 14,000 cr

Out of the total procurement, Punjab contributed 32,16,668 tonnes, Haryana 27,76,496 tonnes and Madhya Pradesh 8,98,679 tonnes

India's sugar exports grow by 291% since FY14: Govt

Sugar exports rise by 65% during FY22 alone, says Ministry of Commerce & Industry

Heavy capex preventing deleveraging by Indian renewable energy firms: S&P

Renewables are economically competitive with traditional fuels and benefit from ambitious energy-transition targets in India

Exports rise 37% to $18.8-bn during April 1 to April 14

India's exports increased by 37.01 per cent to USD 18.79 billion during April 1-14 on healthy growth in sectors like petroleum, gems and jewellery, according to a preliminary data of commerce ministry

Top headlines: WPI inflation rises to 14.55% in Mar; Amway's assets frozen

Business Standard brings you the top headlines on Monday

WPI inflation hits 4-month high in March as crude, commodity prices spike

As per the government data released on Monday, WPI inflation has remained in double digits for the 12th consecutive month beginning April 2021

CNG, petrol price hike: Auto, taxi unions on strike demanding subsidy

Petrol now costs Rs 105.41 and diesel Rs 96.67 per litre in the national capital; the CNG price on Monday stood at Rs 71.61 per kg

Only 9% of India's semiconductor needs fulfilled locally in 2021: IESA

The Indian semiconductor market was valued at $27 billion in 2021 and is expected to grow at a healthy CAGR of 16% from 2019 to 2026 to reach $64 billion in 2026, says IESA report

WPI-based inflation zooms to 14.55% in March on rising fuel, food prices

WPI inflation last month was 13.11 per cent on hardening of prices of crude oil and non-food items

Ad-hoc panel backs raising the wage ceiling under EPFO to Rs 21,000: Report

The increase in the limit to Rs 21,000 under EPFO will bring more workers under the retirement scheme

FM Sitharaman, CEA Nageswaran to attend World Bank-IMF Spring Meeting

Sitharaman and CEA V Anantha Nageswaran are expected to represent the government at the World Bank-IMF Spring Meeting, which will take place in Washington DC from April 18 to April

Power engineers warn of energy crisis in 12 states, seek govt action

"The coal crisis is being witnessed in 12 states once again after October 2021," All India Power Engineers Federation chairman Shailendra Dubey said

Indian tea companies smell opportunity as Sri Lanka crisis brews

Island nation largest orthodox tea supplier, exporting over 95% of its production, according to ICRA report

Govt plans regulator for skill gaming industry to curb money laundering

The government is also reviewing the extant legal framework for the online skill gaming industry

Extreme poverty in India fell sharply in 2011-19: World Bank paper

Rural decline steeper than in urban centres