Page 1733 - Economy & Policy News

Race for WTO chief heats up: India spells out terms for its support

The country will back candidates in favour of having a global trade facilitation pact for services, ensuring food security in poorer nations, and committing to talks on developmental issues

Tweak FCI's procurement strategies to boost rice exports: Expert panel

Rice is among the biggest agriculture exports from India along with buffalo meat and cotton

India blocks firms from China, other neighbours in commercial coal auction

Coal ministry issues press note citing an amendment made to the FDI Policy in April.

Delhi govt warns strict action against companies defaulting on tax payments

Cracking the whip on tax defaulters, the Delhi government Tuesday warned them of stringent action as it found that 10,800 companies did not pass on the full amount they collected from people as taxes

Tomar launches NCDC's YouTube channel to amplify benefit of cooperatives

Agriculture Minister Narendra Singh Tomar on Tuesday launched the National Cooperative Development Corporation's YouTube channel, 'Sahakar Cooptube NCDC India'

Economic recovery fragile due to Covid-19, states' lockdowns: FinMin

India is well on the path to a recovery from a trough in April, says Ministry report

Banks sanction Rs 1.38 trn loans to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

India needs to rethink economy in post-Covid world: N Chandrasekaran

Listing out the challenges, he said infrastructure, regulation, bureaucratic overload of the private sector and investments are key areas

AIIB in talks with India for financing of $8-billion health infra scheme

The Beijing-based multilateral funding agency had earlier approved a financial assistance of $1.2 billion for India to fight the Covid-19 pandemic

Review of India-ASEAN Goods Agreement to help realise trade potential: Puri

The ASEAN-India Trade in Goods Agreement was signed on August 13, 2009, and came into force on January 1, 2010

India's fuel demand may take 6 to 9 months to reach normal levels: IOC

Speaking at an investor call on first-quarter earnings, Gupta said it was difficult to predict the demand recovery rate given the rising infections in India and around the world

RBI's MPC begins deliberations on monetary policy, decisions on Aug 6

The central bank has been taking steps proactively to limit the damage to the economy caused by the pandemic and lockdown

July exports at nearly last year's level; economy on path to revival: Goyal

Goyal said several indicators are reflecting that the economic activities are reviving in the country

Gradual pick-up in export consignments prompts ports to push volumes

JNPT back to handling 12,000 containers per day; Essar Ports performing at pre-Covid levels; Adani Ports Q1FY21 throughput 27% down YoY

With eye on China, India looks to increase barriers on imports from Asia

China is India's second-biggest trading partner, with trade worth $87 billion in the fiscal year ending March 2019

Shortest ruling 10-year benchmark bond ever: Changes within three months

Bond dealers say such quick benchmark setting can create some confusion in the markets on rate setting

Many weekly indicators turn positive as economy prepares for Unlock 3.0

The central government has suggested more opening up from first week of August

Local demand to prop up crop protection SMEs: CRISIL SME Tracker

Exports, which account for 55 per cent of the pie, are likely to decline by 3 per cent due to lower demand from key importing nations such as the US, Brazil and France

Share of external financing of fiscal deficit soars to 4.5% in Q1: Report

The government has run 83 per cent of its borrowing target as of June, according to official numbers released on July 31, due to the impact of the pandemic that crippled the economy

Restrictions on TV imports to help domestic industry build capacities: ICEA

The government on last Thursday imposed restrictions on TV imports, a move aimed at promoting domestic manufacturing and cut inbound shipments of non-essential items from countries like China