Page 430 - Economy & Policy News

WTO to open biennial meeting in United Arab Emirates as challenges loom

WTO Director-General Ngozi Okonjo-Iweala, a dual Nigerian and American citizen, has pushed to insist the organisation remains vital as 75 per cent of the world's trade is done on its terms

Rural Indians are now spending more on processed food, drinks than cereals

For urban India, the spending on processed food has been more than that on cereals since 2011-12 but the gap has widened in the last 10 years

Latest NSSO consumer survey indicates poverty down to 5%: NITI Aayog CEO

If the trend continues, it is possible that urban and rural incomes and consumption will be the same in the coming years, Subrahmanyam said

City rents pinch more than before: Household consumption expenditure survey

Share in expenditure higher than previous consumption expenditure survey reports dating back to at least 1999-2000

Rural non-food spend over 50% for first time: Consumer expenditure survey

Spending share increased on intoxicants, toilet articles, entertainment

FM-fintech companies meet on Monday: Compliance, innovation on table

Paytm may be absent from the meeting

Improving leasing trends to support and lay bricks of value for Reits

Grand Design: New SEZ rules and rising GCC leasing set to elevate occupancies and rentals, benefiting Reits and office-focused developers

Shipping rates volatile in February amid Red Sea crisis, shows data

Very large crude carrier (VLCC) rates up compared to January

Number of M&A deals in India falls 10% to 793 in 2023, says PwC report

However, the total disclosed deal value for M&A declined much steeper at 38 per cent during the year, according to the report titled 'Deals at a glance'

Rs 2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7%

According to the RBI, commercial banks have reported double-digit growth in deposits in January, which too can be attributed to withdrawal of Rs 2,000 currency notes

Imports of paper, paperboards rise 37% in Apr-Dec FY23, says IPMA

The import of the commodity had seen a 25% jump to 1.44 million tonnes in FY23 in volume terms and April-December figures have crossed that also, IPMA said in a statement

431 infra projects hit by cost overrun of Rs 4.80 trn in Jan, says Mospi

According to Mospi, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,821 projects, 431 reported cost overrun and 780 projects were delayed

Exports venturing into uncharted territories of Africa, Asia, Europe: Govt

Analysis has shown that India has penetrated into what are termed as "absolutely new markets" in regions such as Africa, Central Asia, Latin America and North America during April-December 2023

Foreign portfolio investors infuse Rs 18,500 cr in debt market in Feb

This came following a net investment of over Rs 19,836 crore in January, making it the highest monthly inflow in more than six years

Indians spending less on food, more on discretionary items, shows survey

The Household Consumption Expenditure Survey, released late on Saturday, estimates average rural consumer spending rose to Rs 3,773 a month per person

UAE removed from global watchdog's dirty money list in quick turnaround

The decision could lead to smoother foreign currency transactions, lower inter-bank fees, and increased trade and investment, according to Moody's Analytics Industry Practice Lead Mohamed Daoud

US imposes sanctions on Russian shipping giant in bid to squeeze oil sales

Among other measures imposed on Russia following the February 2022 invasion of Ukraine, the US and its allies slapped an oil-price sales cap on the country's exports

Global commons getting 'contested', admirals pitch for strong partnerships

Navies will have to work in partnership, because no one navy can cover all the points of the world at the same time, he said

Highway construction to be around 12,000-13,000 km in FY24: Road secy

Road Secretary Anurag Jain says capacity augmentation, lane widening will touch a record high in FY24

India's trade pacts with EFTA positive signal of economic integration: GTRI

Number of countries with comprehensive FTAs will go up from 22 to 28. In addition India has six small scope PTAs (preferential trade agreements)