Page 407 - Economy & Policy News

India's services exports decline marginally in March to $30 billion

As per RBI's data on India's international trade in services, the trade surplus during March 2024 was $13.4 billion

Opec+ producers could extend oil cuts, formal talks yet to start: Report

The OPEC+ group is currently cutting output by 5.86 million bpd, equal to about 5.7% of global demand

India needs to expand universal health coverage for ageing population: ADB

In Bangladesh, Indonesia and India, more than half of those without access to healthcare are in the bottom two wealth quintiles, it said

India's manufacturing PMI dips marginally to 58.8 in April, shows data

Business optimism improved as firms expected demand to remain buoyant and higher production volumes in the coming 12 months

Indian Oil resumes buying Russian crude oil delivered on Sovcomflot ships

The acceptance of Sovcomflot tanker by the country's largest refiner carries significance as it could embolden other smaller refiners to also use Sovcomflot vessels for their oil purchases from Russia

Pension plan for unorganised sector sees only 5 mn subscribers in 5 years

Experts attribute the slow offtake under the scheme to high inflation and rise in cost of living

Gross GST collection in April shoots past Rs 2 trn to record high

Net mopup rises 15.5% on strong domestic activity

G7 commits to coal phaseout with caveats, may influence G20 and COP29 talks

Experts warn richer nations may pressure developing countries to meet green targets

US Fed keeps key rates unchanged at 5.25%-5.5% for 6th straight meeting

Fed holds rates steady, flags 'lack of further progress' on inflation

19 major commodities see export volume growth, but value declines

These commodities constitute over a fourth of the export value for April-February, commerce department data showed

India's spice exports at potential risk, needs urgent action: GTRI

India needs to address the quality issues with urgency, the think tank said

GST mop-up hits record on good economic momentum, efficient collections: FM

"GST collection crosses Rs 2 lakh crore benchmark, thanks to the strong momentum in the economy and efficient tax collections," she said

Enlightened leadership needed to resolve tax distribution: Subbarao

"This (north-south divide in deciding on the distribution of the tax pool among states) is a complex political challenge beyond the remit of the Finance Commission

GST collections hit new record at Rs 2.10 trillion in April 2024, up 12.4%

Driven by domestic transactions and imports, the gross goods and services tax (GST) collections for April 2024 saw a 12.4 per cent year-on-year growth

Commercial LPG cylinder price reduced by Rs 19; Here are the revised rates

A 19 kg cylinder will now costs Rs 1,745.50 in Delhi as against Rs 1,764.50 as of last month

India needs 'hard reforms' to reach GDP growth of 7.5%, says HSBC

Prime Minister Narendra Modi - who is seeking a third term in elections that run until June 1 - has been campaigning on making India a developed nation by 2047

LS polls: Makhana traders demand policy refit for opportunity pop-up

Returning entrepreneurs hamstrung by inadequate policy measures

Govt cuts windfall tax on petroleum crude to Rs 8,400 per MT from May 1

(Reuters) - India has cut its windfall tax on petroleum crude to 8,400 Indian rupees ($100.66) a metric ton from 9,600 rupees with effect from May 1, the government said on Tuesday

Dry cell battery maker Eveready Industries defers new category entry

Saha indicated that the RTM should be amenable to take on other categories

Euro zone economy rebounds from recession as inflation steadies

The fourth quarter GDP figure was also revised down to a negative 0.1% from a previous 0.0%, meaning that the euro zone was in a technical recession in the second half of 2023