Page 435 - Economy & Policy News

RIL, Tata Power among firms in fray for $26-billion nuclear investment

This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation

Russian crude oil traders come up with ways to sidestep US sanctions

Russian barrels are not sanctioned for countries like India, but if the ships they are delivered on come under sanctions then India cannot buy such shipments

After PMO review, India makes likely final push for UK free trade agreement

If negotiations are not wrapped up at the earliest, discussions will have to be taken forward after India's election, depending on the priority of the new government

Prospects bright for capital formation, upturn in pvt capital expenditure

The government also expects inflation to further reduce due to measures announced to rein in food prices

Govt debt to GDP may fall in contrast to global trend: RBI report

Dismisses IMF's contention of ratio exceeding 100%

Onion export ban to continue till Mar 31 to keep prices under check: Govt

"Ban on onion exports has not been lifted. It is in force and there is no change in the status," Consumer Affairs Secretary Rohit Kumar Singh told PTI

16th FC chairman Panagariya warns against pitfalls of import substitution

On why countries with low per-capita incomes, such as India, must focus on exports, Panagariya explained how the global export market was worth $32 trillion in 2022, almost ten times India's GDP

Asia will continue to stay on course with disinflation: RBI's Patra

Signs are pointing towards alignment with central bank targets, says RBI Deputy Governor Debabrata Patra

India opposes China-led investment facilitation proposal at WTO

This is because investment, as a subject, falls outside the mandate of the WTO. Besides, India is fundamentally against plurilateral pacts on multilateral platforms such as the WTO

Fresh formal job creation surges to three-month high in December 2023

Earlier in September 2023, 950,527 subscribers had joined the EPF. This data is crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

Flows into NRI deposits up 72.7% in April-December 2023: RBI Bulletin

Non-resident external (NRE) deposits were at $97.69 billion in December 2023, up from $96.79 billion in November and $94.46 billion at the end of December 2022

'US-India alliance for women's economic empowerment being revitalised'

Lacina stressed on need to bring together city, state and national authorities to develop and implement safe transportation for women and girls 'so that they can get better jobs and quality education'

RBI becomes a net buyer of US dollar after four months in December

Forward book turned positive after two months

India cuts import duty to 5-10% on some fresh, processed food items

The tariff cut is unlikely to hurt the domestic market since this is an exclusive market that caters to a limited segment that wants to buy international products

Retail inflation for farm, rural workers eases marginally in January

In December 2023, Consumer Price Index-Agricultural Labourers (CPI-AL) and Consumer Price Index-Rural Labourers (CPI-RL) was 7.71 per cent and 7.46 per cent, respectively

Economic outlook appears bright, 7% GDP growth expected in FY25: FinMin

During the current financial year, the Indian economy is estimated to grow at 7.3 per cent. This would be the third year in the row when the GDP would grow in excess of 7 per cent

Net FDI into India down 55% to $9.69 billion in Apr-Dec 2023: RBI Bulletin

Receding inflation, dip in borrowing costs may support FDI in 2024

Outward remittances under LRS rise 20% to $24.80 billion in 9MFY24

The outflows under the scheme were mainly driven by the international travel segment, equity and debt investments, maintenance of close relatives, among others

Govt cuts import duty on turkeys; exempts extra long staple cotton from tax

Similarly, import duty pertaining to meat and edible offal of turkeys, were also reduced from 30 per cent to 5 per cent effective Tuesday

WTO meet: Govt to oppose continuation of moratorium on e-comm trade duties

As per estimates, the potential tariff revenue losses to the developing countries are about $10 billion every year. For India, it could be over $500 million every year