Page 245 - Economy & Policy News

India, Oman trade ministers discuss advancing FTA negotiations pact

In such agreements, two trading partners either significantly reduce or eliminate customs duties on a maximum number of goods traded between them. They also ease norms to promote trade

Finance ministry pushes PSBs to boost affordable insurance coverage

PSBs achieved only 51% of enrolment targets for the Pradhan Mantri Jeevan Jyoti Bima Yojana by Dec 2024

Why shipbuilding needs a sea change to fulfil India's 2047 dreams

India paid $109 billion in sea freight to foreign operators in 2021-22, and last year stood vulnerable to international price volatility and impact of sanctions on Russia during the geopolitical crise

Govt to tighten fiscal purse despite slowing economic growth: Reuters poll

An expected fiscal deficit of 4.5% of gross domestic product represents a slight tightening of the purse compared with the fiscal year about to end, at 4.8%

Rupee weakens amid yuan slide, potential equity outflows, trade concerns

Investors' focus will be the Federal Reserve's policy this week. The Fed is widely expected to make no changes to the policy rate and no new projections on inflation and rates are due at this meeting

Govt shifts focus from privatisation to investing billions in ailing PSUs

Political pressure on Modi have increased after he came back to power only with help of regional allies, making it difficult to overcome opposition to privatisation by employee unions fearing job loss

Centre initiates anti-dumping probe into PVC resin imports from EU, Japan

The commerce ministry's investigation arm, Directorate General of Trade Remedies (DGTR), is probing the dumping as imports are allegedly hurting the margins of the domestic industry

India's finished steel imports from China hit 7-year high in April-Dec

China, the world's top steel producer, shipped 2.1 million metric tonnes of finished steel to India during April-December, up 13.3 per cent year-on-year, the data showed

Piyush Goyal to visit Oman to push forward India-Oman FTA discussions

The formal commencement of the India-Oman FTA negotiations began in November 2023. The negotiations on the text of most chapters were concluded by India and Oman by January 2024

CEOs bet on boost in consumption, infrastructure this Budget: BS Poll

India Inc sees uptick in investments, jobs

Reserve Bank of India ombudsman resolves 95% of complaints in FY24

Complaints rise 32 per cent in FY24

Rate cut alone may not boost growth, economists tell RBI top brass

Say durable liquidity infusion needed to reinvigorate economy; bank CEOs to meet RBI officials today

Statsguru: India does not collect more taxes than its peers, data shows

India has lower govt revenues than peers

Runaway retail credit growth highlights urgent need to protect consumers

What you can't get away from is the retail credit story is at an inflection point

US-India Tax Forum proposes simplifying TDS, customs tariff structure

To establish GIFT City as a global financial hub, the Forum has proposed tax exemptions on dividends and financial transactions

Exports to US rises 5.57% to $60 bn during Apr-Dec in FY25 on high demand

During December, the shipments increased by 8.49 per cent to $7 billion, the data showed

Reforms, innovation drive India's global economic rise: Amitabh Kant

According to the International Monetary Fund (IMF), 75-80 per cent of the world's growth this year will come from the Global South, with India and Indonesia at the forefront of this surge

Centre notifies Unified Pension Scheme for govt employees under NPS

Launched in August, UPS strikes a balance between Old Pension Scheme (OPS) and New Pension Scheme (NPS), offering government employees a guaranteed pension, post-retirement

Depreciating rupee offers opportunities for NRIs, GCCs; risks remain ahead

While firms like KPMG, Emkay Global, CRISIL, and Anarock see potential gains for overseas investors, they also caution about the challenges ahead if the rupee's fall continues

Private sector activity slows to 14-month low of 57.9 in Jan: PMI data

The index compiled by S&P Global fell to 57.9 in January from December's final reading of 59.2