Page 1134 - Economy & Policy News

Third Covid-19 wave: Consumers prioritise purchasing only bare essentials

Bizom data notes that while other categories' consumption took a hit, commodity consumption remained high as people focused on essentials

India and UAE sign CEPA; deal to cover almost 90% bilateral trade

The UAE is currently India's third-largest trading partner and the second-largest export destination, after the US

Farmers gaining from paddy buy up 80% in 6 years, but Punjab needs more

Beyond what Sitharaman said about the procurement process in 2021-22, there are several dimensions to this

Jan domestic air traffic drops 42.7% on flight cancellations, curbs

Traffic had started slowing down in end December, as airlines pruned capacity due to fall in demand. Market leader IndiGo cut flights by 20% in January, daily passenger figure fell below 200,000

Centre's doorstep distribution drive for crop insurance to start

The doorstep campaign will be launched in all implementing states in the upcoming Kharif season beginning June, the ministry said in a statement

RBI regulatory review body wants 100 circulars withdrawn to ease compliance

Advises separate web page for regulatory reporting

India's forex reserves down by $1.763 billion to $630.19 billion

The country's foreign exchange reserves declined by $1.763 billion to $630.19 billion in the week ended on February 11, the RBI data showed.

Retail inflation for farm and rural workers rise to 5.49%, 5.74% in January

Retail inflation for farm workers and rural labourers rose to 5.49 per cent and 5.74 per cent, respectively in January mainly due to higher prices of certain food items

Race for IPO quota: LIC policyholders rush to link PAN with policies

Insurer, Centre expect 10 million to have demat accounts linked to LIC policy by February 28

India's GDP likely to grow at 5.8% in Oct-Dec, says SBI report

India's gross domestic product (GDP) is likely to grow at 5.8% in the third quarter of fiscal 2022 from October to December, says Ecowrap- SBI's research report.

States' fiscal deficit to stand at 3.6% in FY23, India Ratings

Revising outlook on state finances to improving in FY23 from, Ind-Ra expects the aggregate fiscal deficit of states to stand at 3.6% of their GDP from 3.5% in FY22 on back of robust revenue growth.

Buy, Sell and Trade: India will soon have Electricity OTC market

The over-the-counter market allows buyers and sellers to directly transact conventional and renewable electricity, and negotiate the price and contract

Unemployment falls in UP, on the rise in Punjab and Goa, shows data

PLFS data also shows Uttarakhand and Punjab's poor performance between 2017-18 and 2019-20

India, UAE ink comprehensive trade pact; release roadmap to boost ties

India and the UAE on Friday signed a free trade agreement (FTA) to give a fillip to bilateral trade and economic ties.

India, UAE eye $100 billion in annual trade after signing trade pact

The agreement eliminates 80% of tariffs on UAE and India goods, while all tariffs are to be removed within ten years; UAE commodities like aluminium, copper and petrochemicals would benefit

Electrolyser supply crunch hangs over India's hydrogen ambitions

A global supply crunch of electrolysers and lack of domestic manufacturers to make them pose a major challenge to India's ambitious targets to use zero-carbon fuels, said a govt official to Reuters.

Foreign universities plan to set up shop at Gandhinagar-based GIFT IFSC

London Business School, King's College, Cambridge University and New York University exploring the option

Rupee gains 39 paise to 74.67 against US dollar amid Ukraine dialogue

At the interbank forex market, the local unit opened at 75.03 against the greenback and witnessed an intra-day high of 74.60 and a low of 75.05

Govt focusing on making gem, jewellery sector self-reliant: Piyush Goyal

The country needs a self-reliant gem and jewellery sector and the government has made it a focus area to help boost both domestic as well as export growth, said Union Minister Piyush Goyal on Friday.

Need to bridge global infra funding gap: FM Sitharaman at G20 meet

Finance Minister Nirmala Sitharaman on Friday emphasised the need for bridging the infrastructure funding gap and developing innovative financing mechanisms for an inclusive growth in the sector.