Page 391 - Economy & Policy News

RBI repurchases Rs 2,069 cr worth of bonds, against notified Rs 60,000 cr

The securities scheduled for buyback were 6.18 per cent 2024, 9.15 per cent Government Securities (GS) 2024, and 6.89 per cent GS 2025

Tamil Nadu among best states in country for economic zone: DP World

DP World has started operations at its largest free trade warehouse zone in India in Chennai

India to become $4 trn economy in FY25, surpass Japan by FY26: Sanyal

Currently, India is the fifth largest economy with a size of about $3.7 trillion in nominal terms

Exports may surge 12-15% to cross $500 billion this fiscal: FIEO

In 2023-24, exports dipped over 3 per cent to $ 437 billion

Govt plans to change base year of key economic gauges like CPI to FY23

Economic indices such as the Index of Industrial Production (IIP), Wholesale Price Index (WPI), and National Income are benchmarked to FY12

Raft of exemptions for government companies covers Sebi, MCA, CCI

The rules surrounding MPS requirements have differed for PSUs compared to their private sector counterparts

Govt's 100-day road map: 700 km corridors, 3,000 km on cards road projects

Scheme for cashless treatment for accident victims also in works following Lok Sabha polls, an official said

Urban jobless rate reaches four quarter high in Q4FY24: PLFS data

Previously, the jobless rate in urban areas has been steadily declining since the high of 12.6 per cent reported during the April-June quarter of FY22 during the peak of the pandemic

Govt cuts windfall tax on petroleum crude to Rs 5,700 per MT from May 16

The government on May 1 cut the windfall tax on petroleum crude to Rs 8,400 a metric ton from Rs 9,600

Taking the heat off: A thought for workers toiling at sweltering sites

Peak summer is also peak production time, but the mandated SOPs and heat action plans offer little respite

India seeking fair market access ahead of the India-Asean FTA review

India aims to modernise and update the deal to align with current times, considering that the trade agreement was signed over a decade ago

April exports drop to five-month low on geopolitical woes, shows data

Trade deficit widens to $19.1 bn as gold imports treble

NDA better on infra metrics than UPA tenure, says Nirmala Sitharaman

India saves Rs 4.8 trillion on logistics cost every year, said Sitharaman

Coal India, NMDC, ONGC to scout for critical mineral assets abroad

A Mines Ministry delegation is scheduled for Zambia in June. India is exploring joint exploration with Zambia for critical minerals, including lithium. A separate delegation will head to Congo

India-UK FTA: Work in progress to resolve issues, says commerce ministry

According to the commerce ministry, the Indian team visited London from April 16-19 for negotiations

Unemployment rate in urban areas dips to 6.7% in March quarter: Govt survey

The unemployment rate for people aged 15 years and above in January-March 2024 was 6.7 per cent in urban areas, the 22nd Periodic Labour Force Survey (PLFS) showed

More governance and less of govt in Modi's third term: FM Sitharaman

FM Nirmala Sitharaman was addressing a session titled 'Viksit Bharat 2047 - Vision for Indian Financial Markets,' organised by the BSE stock exchange at the BSE International Convention in Mumbai

India's trade deficit widens to $19.1 billion in April: Commerce ministry

April trade data: India's exports rose to $34.99 billion, imports stood at $54.09 billion

Despite 3-year low, project delays remain higher than pre-pandemic levels

Railways have incurred the highest cost overrun

Spike in food & fuel prices push WPI inflation to 13-month high in April

April's increase in factory gate inflation mainly powered by spikes in food and fuel prices