Page 392 - Economy & Policy News

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

India's export reliance on US grows despite diversification push

The share of the US in India's total exports continuously declined from a high of 21.7 per cent in 1998-99 to a low of 10.1 per cent in 2010-11

Highway Ministry hits 20% of capital expenditure target in April 2024

Ministry has created 100-day plan for new government, highway min says

Food inflation likely to remain cause for concern due to heatwave: ICRA

Although the impact of high base of last year will play out in July and August, the impact of monsoon will determine the price conditions in the subsequent months

Chatroom: CBIC's clarificatory circulars have retrospective effect

TNC Rajagopalan answers SME queries related to GST, export and import matters

India's GDP to expand at 6.6% in FY25; will fuel NBFCs' growth: Moody's

The largest 20 NBFCs have strong market positions and long histories of providing specific types of loans, such as financing for housing or commercial vehicles

Why Indian farmers suffer as the government continues to fight inflation?

Govt's aggressive fight against inflation has come despite expectations of a bumper monsoon in 2024

Discoms ramp up power supply during elections, despite demand surge

States like Karnataka, Odisha and Haryana have kept their power tariffs unchanged, while Bihar has cut rates

Corp tax collections as proportion to GDP yet to reach pre-tax cut levels

After surcharges and cesses, this tax comes to 17.01 per cent against 29.12 per cent if the companies don't opt for this tax

India's WPI-based inflation reaches 13-month high of 1.26% in April

April 2024 WPI: Prices of crude petroleum & natural gas and food articles witnessed a surge in April 2024 compared to March 2024, while prices of non-food articles and minerals saw a decline

India's imports from FTA partners in FY24 grew 38% over FY19

"This growth highlights the significant and varied impact of free trade agreements on India's global trade dynamics," GTRI said in a report

SC issues notice to Centre over petition on imposition of GST on JDA

The Telangana High Court had held that JDA is different from an agreement for the sale of land and therefore the rights under this should be taxed

Timeline: 21-year-long effort by India to set up port in Chabahar

Monday's agreement is expected to finally realise efforts by India to gain a strategic foothold in the region

Over dozen states have higher inflation than national avg of 4.83% in April

The cost of living rose faster in 13 states in the last month compared to the national print of 4.83 per cent. Odisha registered the highest rate of inflation among the states at 7.11 per cent

EPFO introduces auto claim settlement for education, marriage, housing

Auto mode of claim settlement was introduced in April, 2020 for the purpose of advance for illness

Retail inflation eases to 4.83% in April on softening fuel prices

Core inflation has also trended downwards at 3.2 per cent, which is the lowest in the 2012 base CPI series

Urban demand slows down for FMCG products as rural picks up steam

According to Kantar Worldpanel, rural has overtaken urban growth at the quarterly level quicker than expected

Nearly 51 mn person years of employment created annually in last 10 years

A person-year is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in hours

After long wait, India inks Chabahar port's 10-year deal with Iran

India's plans with the port go beyond commercial interests, according to the Centre

Domestically held gold reserve rise by 40% in 5 years, shows RBI data

As of the end of March 2024, the Reserve Bank of India held a total of 822 metric tonnes of gold, with 408 metric tonnes held within the country