Page 1081 - Economy & Policy News

India to sign trade agreement with Australia today for lower-duty regime

The agreement will be signed at a time when Australia is looking for a reliable trade partner at a time when it is facing export restrictions from China.

Russia hints at intensifying trade with India in national currencies

Lavrov said Russia is committed to maintaining the flow of trade with India notwithstanding the sanction regimes

Uttar Pradesh leads in completion of smart city projects, shows data

Varanasi had the highest completion rate of 87.1 per cent among all the cities.

Government extends foreign trade policy till September 30

In the policy, the government announces support measures for both goods and services exporters

JSW Neo Energy to set up hydro pumped storage project in Chhattisgarh

JSW Energy arm JSW Neo Energy has inked a pact with the Chhattisgarh government for setting up a 1,000 MW capacity hydro pumped storage project

India and Australia to sign interim trade pact on Saturday: Report

The pact will come into force at a mutually agreed date once it gets approval from the Union Cabinet in India and the Parliament in Australia

Traffic movement at India's major ports rises 7% in FY22, says govt

The Inland Waterways Authority of India (IWAI), the statutory body in charge of the waterways in India under the ministry, transported a total of 105 million tonnes of cargo through national waterways

GST collections hit all-time high in March at Rs 1.42 trn

The revenues for the month of March 2022 are 15% higher than the GST revenues in the same month last year

Tariffs to be eliminated on over 85% of Australian goods exports to India

The Australia-India Economic Cooperation and Trade Agreement will be signed on Saturday in a virtual ceremony by Trade Minister Dan Tehan and India's Minister of Commerce & Industry, Piyush Goyal

India shouldn't fall for Putin's rupees-for-rubles deal

India may end up testing US and European Union tolerance if it agrees to rupee-ruble trade using Russia's communication channel SPFS to move funds

Release Rs 23,430-crore dues to Tamil Nadu: CM Stalin requests Centre

Stalin met Finance Minister Nirmala Sitharaman in Delhi and presented her a memorandum

Wheat export at 70.30 lakh tonnes till Mar 21 this fiscal: Govt tells Parl

"The total export of wheat in terms of quantity during 2021-22 (till 21st March 2022) was 70.30 LMT"

Brick manufacturing, trading to attract 6% GST without ITC; 12% with credit

The government on March 31 notified the GST rates that would be applicable from April 1.

Power consumption grows steadily at 4.6% to 126.12 billion units in March

India's power consumption has grown steadily at 4.6 per cent yoy in Mar to 126.12 bn units (BU), showing the impact of early onset of summers and easing of lockdown restrictions by states.

Cyclical downturns lead Surat textile industry to stitch export dreams

The largest cluster of man-made fibre (MMF) textiles in the country, Surat was largely domestic market-focused with over 90 per cent sales.

India's electricity output in March grows at fastest pace in 3 months

India's electricity generation rose 5.99% in March from the corresponding period last year, for its fastest pace of growth in three months, government data showed.

India an important trade and strategic partner: US Trade Representative

India is an important trading and strategic partner of the US, a top Biden administration official has told American lawmakers.

India will frame cryptocurrency law after global consensus: Report

India's central bank has openly voiced its opposition to private digital currencies.

Petrol, diesel prices can rise by Rs 12, LPG by Rs 280 a cylinder: Nomura

Besides the petrol, diesel and LPG prices, compounding the woes for manufacturers and consumers alike is the sharp hike in prices of natural gas starting April 1 for a period of six months

India has over 1 million EVs, 1,742 public charging stations: Gadkari

As per Vahan 4 data, as of March 25 this year, a total of 10,76,420 EVs and a total of 1,742 Public Charging Stations (PCS), as per the Bureau of Energy Efficiency (BEE), are operational.