Page 420 - Economy & Policy News

Crude oil rises as heightened geopolitical risks exacerbate supply concerns

Both benchmarks fell less than 1% last week versus the previous week. A stronger US dollar, which rose about 1% over the last week, has kept a lid on prices

EAM Jaishankar, Singapore's trade minister discuss semiconductors, space

EAM Jaishankar also engaged in discussions with prominent corporate figures from the country who offered positive feedback on India's growth story

Coal, the dirtiest fossil fuel, is finally preparing for long goodbye

Coal's days are numbered, of course. Advances in solar and wind have made those technologies far cheaper than coal power in most parts of the world, and similar gains for batteries

FTA talks with SACU nations on the cards after new govt takes over

The customs union includes South Africa, Namibia, Botswana, Lesotho, and Eswatini

Infrastructure takes centre stage as ministers ready Lok Sabha poll pitch

Energy security, safer travel to form the core of BJP's LS poll promises

Adani Ports, JSW, PSA looking to bag Rs 7,000 crore Tuticorin project

The envisioned project aims to elevate VO Chidambaranar Port into the inaugural transshipment hub on India's East Coast

Fresh formal job creation slows down in January, shows EPFO data

In January last year, 830,047 subscribers joined the EPF. This data is crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

Statsguru: Foreign direct investments decline from pandemic highs

However, this is in line with a global investment slowdown. Developing countries have been most affected, according to international data

EPFO adds net 1.6 mn members in January; 808,000 enroll for 1st time

The Employees' Provident Fund Organization's (EPFO) provisional payroll highlighted that the EPFO has added 1.602 million members on a net basis in January 2024, the ministry said

DPI, tax code make India attractive investment destination: WEF official

Matthew Blake also struck a word of caution saying that since markets do not move in a purely linear fashion and were prone to "ups and downs", there was a need to educate investors

Govt allows UAE's Adnoc to export oil from Indian strategic storage

At present, crude oil, which is the raw material for producing fuels like petrol and diesel, is not allowed to be exported except through the state-owned Indian Oil Corporation (IOC)

RBI conducts 3 VRR auctions in a day as overnight rates go past MSF rate

The weighted average money market rate closed at 6.77 per cent on Friday, compared to 6.73 per cent on Thursday. The MSF rate currently stands at 6.75 per cent

Exit the dragon: MSCI EM ex-China assets top $11 bn as pessimism grows

India stands to benefit most from increasing flows into index excluding China

Improved summer sowing likely to ease inflation: Finance Ministry

Says CAD needs to be watched in FY25

India-EFTA investment chapter: A new beginning

EFTA governments have committed to promoting investments, and facilitating job creation (as a result of such investment), as well as cooperating on technology collaboration between EFTA and India

Gold, silver prices tumble amid weak trends in the global markets

In the overseas markets, spot gold at Comex was trading at $2,167 per ounce, down $35 from the previous day's level

Amid record forex reserves, rupee hits new closing low of Rs 83.43

RBI intervention not seen; Delivery of $/Re swap boosts reserves

Global trade outlook positive, geopolitical uncertainties remain: UNCTAD

Global trade dipped 3% to $31 trillion in 2023 after peaking in 2022

RBI board reviews domestic economic situation, outlook and challenges

The 607th meeting of the Central Board of Directors of the RBI took place in Nagpur under the chairmanship of Governor Shaktikanta Das

India's forex kitty rises by $6.40 billion to $642.50 billion: RBI data

In the previous reporting week, the overall reserves had risen by USD 10.47 billion to USD 636.095 billion