Page 321 - Economy & Policy News

Cabinet okays fourth phase of rural roads scheme with outlay of Rs 70k cr

62,500 km of new roads to be built to connect 25,000 habitations over the next 5 years from FY25

Trade Connect e-Platform aims to raise India's exports market share: Goyal

The minister said the newer version of the platform will incorporate Hindi and other official languages of India

India's bid to match rival China's factory heft gets a reality check

Indian Chief Economic Adviser V. Anantha Nageswaran said it was inevitable India would need to plug itself into China's supply chains.

Tamil Nadu CM MK Stalin holds talks with Ford Motor to renew partnership

Tamil Nadu CM MK Stalin discussed reviving Ford's partnership with the state to produce vehicles for exports. Ford Motor exited India in 2021 after failing to turn profitable amid stiff competition

Unified Lending Interface likely to move from Mint Road's hub to new entity

Commercial banks to be stakeholders in NPCI-like body

Corporate bond issuances fall 22% in August as firms await Fed rate cut

Issuers hold back, eyeing lower borrowing costs after Fed cut

Opec vs IEA: Diverging oil demand forecasts signal an uncertain future

The difference between the forecasts of Opec and IEA, amounting to 0.93 million bpd, underscores the widening divide between these key institutions

India backs Rules of Origin in auto sector under India, UK trade pact

'Rules of Origin' provision prescribes minimal processing that should happen in the FTA country, UK in this case, so that the final manufactured product may be called originating goods in that country

India remains committed to reducing budget deficit over medium term: Fitch

In a report, it said India has achieved or outperformed its budget deficit targets in the last few years, thereby improving its fiscal credibility

Circularity of critical minerals for India's clean energy transition

The clean energy sector offers significant opportunities for the Indian economy

India's first transshipment port Vizhinjam nears operational launch

The Vizhinjam port will also be the first mega port to come up since 1999 when Mundra began operations

Inflation likely held steady at five-year low of 3.5% in August: Poll

Although food prices, which make up nearly half the inflation basket, have eased significantly in the last two months, erratic monsoon rains across India could harm crop yields

M&A deal value of over Rs 2,000 crore comes under Competition Act

The government aims to scrutinise mergers that might escape under the traditional "asset" or turnover-based thresholds

54th GST Council meet: GoM to decide future of GST compensation cess

Relief to foreign airlines, secretaries panel on IGST

GST council's nod on exempting research grants victory for nation: Atishi

Addressing a digital press conference, Atishi said last month, six educational institutions, including IIT-Delhi and Punjab University were sent showcause notices over research grants

India fine tuning FTAs with countries to suit domestic industry: Prasada

Prasada also urged the auto components industry to increase investment in R&D activities

Agrochemicals export likely to touch Rs 80,000 cr in 4 yrs: ACFI-EY report

Given its role in agricultural productivity and export potential, agrochemical industry will play vital role in India becoming global manufacturing hub ultimately resulting in $5 trn economy by 2025

Govt dissolves Pronab Sen-led panel on statistics, cites 'overlap' in work

Formed in July 2023, the SCoS was supposed to advise the Union government on survey methodology, including sampling frame, sampling design, and survey instruments

Market expects MPC to implement cumulative 50 bps rate cut by March 2025

They also foresee a continued decline in food prices, which fell to 5.1 per cent in July from 8.4 per cent in June year-on-year, further supporting expectations of a rate cut

India-UAE sign pacts on LNG supply, crude production and nuclear energy

5 MoUs were signed after the meeting of the UAE crown prince with PM Modi in Delhi