Page 1280 - Economy & Policy News

How prolonged closure of Sterlite plant is impacting copper exports

The prolonged closure of its controversial Thoothukudi plant has had an unintended impact on the country's exports of the industrial metal

New RBI norms kick in today, may hit 50% recurring payments

Tt would take at least three months for the entire payments system to start working smoothly, say companies and banks.

India's energy demand grows at slower pace in September

Electricity consumption rose 0.8% in September, compared with 17.1% growth in August

Govt quashes report of Tata Group emerging as winning bidder for Air India

The clarification came in the wake of Bloomberg reporting Tata Sons has been selected as the winning bidder for the debt-laden state-run airline

India's agri exports can be doubled in 'medium term', says ITC Chairman

India accounts for only 2.5 per cent of the global agriculture exports, and there is an opportunity to double it in the medium term and improve the economics of the sector, ITC Chairman Sanjiv Puri

India coal crisis brews as power demand surges, record global prices bite

Over half of India's 135 coal-fired power plants have fuel stocks of less than three days, government data shows, far short of federal guidelines recommending supplies of at least two weeks

GST mop up tops Rs 1 trn for third straight month; at Rs 1.17 trn in Sep

The revenues for the month of September 2021, are 23 per cent higher than the GST revenues in September 2020.

India's power consumption up 1.83% at 114.49 bn units in September

India's power consumption grew 1.83 per cent in September to 114.49 billion units (BU), showing subdued recovery according to power ministry data.

Petrol, diesel prices rise again amid volatility in global oil market

In Mumbai, the petrol price increased by 21 paisa per litre to Rs 107.99 per litre, while diesel rates rose to about Rs 97.80 a litre

Factory activity improves in Sept but firms shed headcount: PMI survey

The recovery might continue for at least a few months, supported by ultra-easy monetary policy and continued fiscal spending

Domestic gas price hiked to $2.9 per mBtu, ceiling raised to $6.3 per mBtu

These prices have almost doubled from the price determined by the government for the April 2021 to September 2021 period

India current account surplus at 0.9% in Q1FY22 after previous qtr deficit

Low fuel demand, higher NRI remittances drive surplus

Govt's fiscal deficit at 31.1% of Budget Estimate till Aug, an 18-year low

This was despite a YoY spike in expenditure that month, after falling in the previous month

Govt seeks to empanel merchant bankers, legal advisors for share sales

Appointment will be for two years, extendable for one year; contenders can quote a fee as low as Re 1, must submit bids by October 20

Hotels see green shoots of recovery as the fear of the pandemic recedes

But recovery in average daily rates remains some distance away

US bond tapering impact may hurt India, Indonesia less than other nations

Bonds from the two countries are already leading gains in emerging Asia this quarter, offering 3%-5% returns to dollar-based investors

India, Australia aim to finalise trade pact by end of next year

Early harvest pact will be signed by Christmas

Eight core sectors' output accelerates to 11.6% in August: Govt data

The core sector in August this year recorded a 3.9 per cent rise from the pre-covid August 2019 too

Home sales more than double in Q3CY21 on robust hiring, pay hike in IT/ITES

Mumbai Metropolitan Region or MMR accounted for 33 per cent of the total sales, followed by NCR with a 16 per cent share, Anarock said

India, Australia agree to conclude free trade agreement by 2022-end

India and Australia on Thursday agreed to conclude the long-pending free trade agreement by the end of 2022 and an early harvest trade deal by as early as December