Page 1106 - Economy & Policy News

Exports up 25.1% to $34.57 bn in Feb; trade deficit widens to $20.88 bn

According to the data, gold imports in February dipped by 9.65 per cent to USD 4.8 billion

Defence Ministry projected Rs 2.15 trn for capital outlay for FY23

Mos Defence Ajay Bhatt further added that an amount of Rs 4,87,739 crore was projected by the defence ministry for the defence services against which allocation of Rs 3,85,370 crore has been received

India hopes for oil from Iran, Venezuela; higher OPEC output to cool prices

It will also evaluate the Russian offer to sell crude oil at discounted prices after considering aspects such as insurance and freight required to move the fuel from the non-traditional supplier

Govt seeks Parliament nod for extra spending of Rs 1.07 trn in FY22

The government sought Parliament nod for net additional spending of over Rs 1.07 lakh crore, including about Rs 15,000 crore towards fertilizer subsidy, in third batch for current fiscal year

India's retail inflation rises marginally to 6.07% in Feb

According to the data released by the NSO, the rate of price rise in the food basket was 5.89% in February, up from 5.43% in the preceding month

Top headlines: Feb inflation rises to 6.07%; Chandra named AI chairman

Business Standard brings you the top headlines on Monday

Feb WPI inflation spikes to 13.11% on costlier crude; food articles soften

After two months of mild easing, WPI inflation accelerated in February and remained in double digits for the 11th consecutive month, beginning April 2021

Nine states have not reduced VAT on petrol, diesel: Hardeep Puri in RS

The minister also informed the house that fuel prices have gone up by over 50% in many countries but have remained stable and risen by a mere 5% in India during the pandemic

Many states request GST compensation extension beyond 5 years: FM

Many states have requested extension of the compensation mechanism under the GST beyond June 2022, Finance Minister Nirmala Sitharaman said on Monday.

Sugar prices to change due to India's falling demand, says Raizen CEO

Global sugar prices will structurally change as demand from India falls and more volatility is expected in correlation with energy prices, Ricardo Mussa, CEO of Raizen said

Govt seeks Parliament's nod for net additional spending of Rs 1.07 trn

The government on Monday sought Parliament's nod for net additional spending of over Rs 1.07 trillion

India's February palm oil, sunflower oil imports drop month-on-month

India's palm oil imports in February fell 18% from a month prior because of higher prices, while sunflower oil imports plunged 50% as supplies from the Black Sea region were disrupted

Ukraine war marks decline of globalization; we'll miss it when it's gone

The war in Ukraine doesn't necessarily mark sharp a break in history. But it underlines and will perhaps cement the decline of globalisation

India will ensure steady coking coal cargoes to allay supply concerns

India will take steps to ensure a steady supply of coking coal for domestic steel companies, which are struggling with cargo disruptions and rocketing prices in wake of Russia's invasion of Ukraine

From biscuits to fuel, Ukraine war driving up prices of everything

The Ukraine crisis has led to a rally in commodity prices. Consumer goods companies, hit with high input costs, are now passing on the price rise to customers. Will there be more price rise in FMCG?

Current WPI series to be scrapped, new one with 2017-18 as base yr on cards

Approval of various committees being sought before the new series is released

Russia-Ukraine war: Govt stares at higher fertiliser subsidy bill

Ukraine war may push FY22 burden by Rs 15k cr, hit FY23 estimate

Statsguru: From UPI to IMPS, mapping digital transactions in India

Wallets have also made a comeback, with rising transaction volumes

Will a services exports-driven economic growth strategy work for India?

While Covid hit services exports harder than manufacturing, the share of the former in global services exports seems to support the call experts have made in favour of the sector

Mumbai to go net-zero by 2050, two decades ahead of India's target

Without intervention, the effects of climate change could cost India $35 trillion over the next 50 years