Page 298 - Economy & Policy News

Sitharaman invites Mexican firms to collaborate with startups, institutions

Discussions focused on boosting cooperation in technology and innovation, with the goal of expanding collaboration between the two countries

Indian bond yields expected to rise ahead of debt auction, US yields impact

Data showed US retail sales rose 0.4 per cent last month, above the 0.3 per cent estimate of economists polled by Reuters, and after an unrevised 0.1 per cent gain in August

India's growth rate among shiniest parts in world economy: Ajay Banga

He said a lot of that growth is in India, is driven by the domestic market as well, which actually is a healthy sign

India's trade with Africa may take a hit if Iran-Israel conflict widens

The commerce department is closely tracking the conflict between Iran and Israel and any development related to the same is under its radar

India poised to be 3rd largest economy, rising population a challenge: S&P

It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a $30 trillion economy by 2047

Direct tax-GDP ratio hits 24-year high of 6.64% in FY24, shows data

Direct tax mopup rises 18%, outpacing economic growth; buoyancy at 2.12

Half of India to have 5G mobile subscribers by 2030, projects GSMA

This unprecedented growth in 5G subscribers in India will also lead to a massive expansion of data consumption, impelling Indian telcos to make large investments

Indian coastal vessels may not need trading licence for operations

Coastal Shipping Bill, 2024, gets Cabinet nod; foreign vessel rules from 2018 proposed to be revoked

BIT by bit: How new India-UAE trade pact may reset future investment talks

India's revised approach to bilateral trade now includes a three-year local remedy clause in the UAE pact which could impact future investment

Govt working on welfare and social security benefits for gig workers

A new version of the E-shram portal (E-shram 2.0) will also be launched in the coming week, which will ensure the onboarding of platform workers onto the portal, said Mandaviya

Cargo volume at 12 major ports rises 5% to 413.74 MMT in Sep: Govt

It said the transportation of cargo on National Waterways has reached 56.57 MMT for the April-August 2024 period, registering 4.54 per cent growth over the same period a year ago

Govt's first 'Kanda Express' to transport 1,600 tonnes of onions to Delhi

The government is expecting that this first-ever large-scale movement of onions from Maharashtra will aid in stabilising prices in the Delhi-NCR area

States convey support for compensation cess merger with 28% GST slab

State FMs, in first meeting of GoM, suggest no new item in lists of luxury, sin, and demerit goods until transition

Govt wants multiple methanol plants over next 5-7 years: VK Saraswat

Methanol demand likely to go up to 15 million tonnes by 2030, govt working on regulatory frameworK

OIS rates spike in Oct on geopolitical tension, spread with G-sec narrows

OIS rates are a crucial indicator reflecting expectations for interest rate changes, and they are the principal tool for hedging interest rate risk in India

Centre approves MSP hikes for rabi crops for marketing season 2025-26

Support price of wheat increased by nearly 7 per cent and fixed at Rs 2,425 per quintal

Trade deficit eases to $20.8 bn in Sept amid geopolitical challenges

Exports stood at $34.58 billion in September, while imports were at $55.36 billion during the month

Govt to decide on RINL funding next month after viability report

The Centre is awaiting a technical viability report, due November, from a UK-based consulting firm

Telecom gear maker Ericsson maps out India's 5G dominance over the US

Projects Indian telcos will upgrade to 5G Advanced in two years

Madhya Pradesh hopes to get technology boost at mining conclave 2024

During the strategic and technical sessions of the conclave, there will be discussions on topics like coal and energy, limestone and cement industry and mineral beneficiation, among others