Page 423 - Economy & Policy News

India's current account deficit likely to narrow below 1% in FY24

CAD implies the country is importing more goods and services in value than exports

Surviving airbenders are trying to get wind energy back to its past glory

Between 2012 and 2016, tax benefits and incentive schemes for wind energy witnessed mercurial changes

Key emerging market economies see rising inflation trend, shows data

China recorded an inflation figure of 0.7 per cent in February, its first increase after experiencing deflation months

CPI-based inflation eases to 5.09% in Feb; Jan IIP growth at 3.8%

Food and beverage recorded an inflation of 8.66 per cent vs 8.3 per cent in January 2024

FY24 GDP growth to be closer to 8% on higher activity in industry: CEA

"As a country, we should realize that we are in it for the longer haul, not for the short term," CEA Nageswaran said, adding that the gratification will be delayed and not instant

Exports to close fiscal at same level as FY23-24 amid uncertainties: Goyal

The minister said that India saw a scorching pace of growth in its international trade in the years between 2021 and 2023

India embraces trade deals as cos look beyond China for alternatives

Prime Minister Narendra Modi's government is taking advantage of India's growing appeal as the world's fastest-growing major economy and an alternative to China for global supply chains

JPMorgan's CEO urges US Fed to wait past June before cutting rates

Markets see an 84% probability the Fed will lower rates in June and have priced in 90 basis points of cuts for the year

16 years, 21 rounds of talks: India-EFTA free trade agreement a reality

For promised FDI, India's nominal GDP must grow 9.5% in $ terms over 15 yrs

Expect completion of 4 more smart cities, logistics park by FY25: NICDC CEO

Rs 23,000 crore investment mobilized in Delhi-Mumbai Industrial Corridor

Bangladesh, Sri Lanka, among countries looking to start rupee trade: Goyal

The minister added that gradually countries are realising that undertaking trade in domestic currencies has several advantages

Mumbai gets its first coastal road, to open for people on Tuesday

Currently the 10.5 km long road will be open for traffic only on weekdays from 8 am to 8 pm

India limits market access in financial services to EFTA countries

The FTA text says the opening of branches by foreign banks in branch or wholly-owned subsidiary (WOS) mode shall also be subject to the requirements

SJM hails India for blocking China-led investment facilitation pact at WTO

"It was a very significant step for world peace and India should be seen as a saviour for the way it was blocked," SJM added

GDP or GVA: Take your pick for methodology to compute growth numbers

The raging debate may boil down to what you are looking for

India could be in upper-middle income category over FY33-FY36: Ind-Ra

The rating agency reported that India would reach to a $15 trillion economy over financial years 2043-2047

Aiming to boost local manufacturing, Raj govt set to announce ODOP policy

The ODOP aims to accelerate economic development within each district by harnessing the potential of local specialities

CBDT starts sending emails, SMSs for mismatch in tax profile in FY24

This is another initiative of the department towards easing compliance for taxpayers and reinforcing its commitment towards enhancing taxpayer services, it added

The Digital Competition Bill: Onus on Big Tech to declare fair deal

The CCI will have the power to levy a fine of up to 1 per cent of the global turnover of the online entity in case it fails to make this declaration, sources said

Sovereign gold bonds help save $3.3 billion in India's gold import bill

The government launched the first SGB in November 2015, and the first two issues have matured giving significantly high tax-free returns to investors