Page 422 - Economy & Policy News

NHAI completes InvIT monetisation of Rs 16,000 crore through 'Round 3'

Fundraise includes 7,200 crore equity commitments from existing investors

Flows into NRI deposits up 70.35% in April-January, shows RBI data

Non-Resident Ordinary (NRO) deposits reached a level of $26.74 billion in January 2024, up from $26.40 billion in December 2023 and $23.12 billion a year ago

Direct tax collection grows 20% to Rs 18.90 trillion till March 17

The net direct tax collection of Rs 18,90,259 crore(as of March 17) includes Corporation Tax (CIT) at Rs 9,14,469 crore (net of refund) and Personal Income Tax (PIT)

Why fruit production needs to fillip to maintain a healthy supply rate

Urban India's expenditure on fruits between 2009-10 and 2022-23 was fairly stagnant at 2.5 per cent

Competition Law 2.0 marks a new era for India's anti-trust regulations

The Competition Commission of India investigates Google Play Store over unfair service fees, tests new provisions of the Competition Amendment Act

Stubbornly high food prices slowing drop in inflation to 4%: RBI bulletin

Retail inflation based on Consumer Price Index (CPI) is on a decline since December and was at 5.09 per cent in February

Analysing economic progress of states through budgets & advance estimates

Several states have come out with the Budgets for 2024-25 and hence advance estimates. Let us use them to analyse the economic performance or outlook of some of those states

India's exports may reach $450 bn this fiscal: FIEO Prez Ashwani Kumar

He also said that despite issues, exports rose about 12 per cent in February to $41.40 billion. During April-February 2023-24, exports reached $395 billion

Significant ramp up in capacities to help achieve $40 bn exports target

Steps such as significant ramp up in production capacities, and skilling of workforce will help achieve $40 billion garment exports target by 2030

India buying more oil from US as fresh sanctions stifle Russian flows

Russian crude flows to India surged after the invasion of Ukraine and the OPEC+ producer is still the biggest supplier to the South Asian nation, but tighter US sanctions have stranded cargoes

Income Tax department recovers Rs 73,500 cr in pending dues for FY24

Corporate tax made up Rs 56,000 crore, personal income tax constituted Rs 16,500 crore, and undisclosed income from foreign assets accounted for Rs 50 crore

India, Peru set to thrash out issues on free-trade agreement document

The two nations are aiming to share the document and offer a list of services as well as goods before the seventh round, scheduled to begin in New Delhi on April 8

India's outward FDI rises to $3.47 billion in February, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

Govt bond yield at one-month high ahead of US Federal Reserve meet

Traders reportedly adjusted positions in anticipation of an increase in state govt securities supply on Tuesday

Clinisys Laboratory Solutions to ramp up India hiring by 50% in 2024

Clinisys holds a leadership position in the clinical laboratory information systems market, with a 19 per cent share of the market

FM meets ADB vice prez, urges to become partner in development agenda

ADB in September 2023, appointed Dasgupta as VP for a period of three years. Prior to this, he was MD and CEO of ICICI Lombard General Insurance

Rajasthan govt prepares draft policy to boost exports via ease of doing biz

The draft policy strives to have competitive export logistics in the state for all modes. The focus will also be on skill development programmes to encourage entrepreneurship in the field

India unlikely to match China's past 8-10% growth: Morgan Stanley

Even so, Morgan Stanley remains upbeat about India's prospects, and said in a recent report that the current expansion resembles that of the mid-2000s boom, fueled by rising investment

Govt to procure tur, masur dal directly from farmers to bolster stocks

At the end of February, the central stock declined to approximately 1.97 million tonnes against the buffer norm of 3.1 mt. DoCA aims to procure 80% of buffer stock requirements

Bright spots: India and Indonesia, shining stars in earnings constellation

Nomura's analysis reveals that India's beat-to-miss ratio stands at 13 per cent, second only to Indonesia, which is at 38 per cent