Page 440 - Economy & Policy News

New US sanctions target India's biggest crude grades from Russia

Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year

Govt hikes windfall tax on petroleum crude to Rs 3,300 a tonne from Feb 16

It will also increase a windfall tax on diesel, that had been reduced to zero, to 1.50 rupees a litre, the order showed

MSP of wheat and paddy: How the two states Punjab and Haryana fared

Data on the number of farmers isn't comparable as no record was maintained before 2015-16

Reserve Bank of India restrains commercial card payments by a network

The RBI has clarified that business credit cards will continue to function as usual

Govt rejects EFTA's data exclusivity demand to protect generic drug cos

Commerce secretary Sunil Barthwal on Thursday said that there is no free trade agreement (FTA) in which India will go against the generic drug industry

Fiscal federalism: No breakthrough in talks with Centre, says Kerala FM

A four-member group, headed by Balagopal, held a meeting with central government officials, including the Union Finance Secretary

No TDS on minimum guarantee paid by OYO Rooms to hotels: ITAT

OYO Rooms assures minimum benchmarks, occupancy of hotels and in case such benchmark is exceeded, the service fee is payable by the hotel and in case of shortfall

Centre extends 'public utility' deadline for iron and steel industries

A public utility service refers to an industry or service considered essential for the community's well-being and functioning

ESIC adds around 1.88 mn new members in Dec, 47% youth, shows govt data

Around 23,347 new establishments were registered and brought under the social security umbrella of ESIC in December, ensuring more coverage, the labour ministry said in a statement

Overnight money market rates near MSF despite slew of VRR auctions

The liquidity deficit in the banking system stood at Rs 2.23 trillion on Wednesday, according to data by the central bank

Credit growth in India expected to moderate to 14% in FY25: S&P Global

If the clash for deposits gets fiercer, Indian banks will take a hit, either with slimmer margins or slower growth, it said

EU emissions tariff system must be fair to developing world: CEA

Countries shifting from fossil fuels to renewable energy risk being vulnerable, says Nageswaran

Govt rejects EU FTA's data exclusivity demand to protect drug cos' interest

Commerce Secretary Sunil Barthwal said there is no Free Trade Agreement (FTA) in which India will go against the generic drug industry

Recurring food price shocks pose challenges in tackling inflation: Das

RBI Guv Das stressed that stable and low inflation will provide the necessary bedrock for sustainable economic growth

Introspect on adapting for India's path to a developed nation: FM to SPMCIL

The commemorative stamps and coins produced by the organisation are reflective of India's branding, cultural and environment issues, she said

Japan slips to world's 4th-largest economy, behind US, China, and Germany

Japan fell from the second-ranked economy behind the US to the third-largest in 2010 as China's economy grew

Next round of talks on India-Peru free trade agreement pact likely in April

Peruvian businesses are also looking to export agricultural products like avocados, fresh grapes and blueberries, and natural resources like calcium phosphates to India

FM Sitharaman to review state of economy at FSDC meeting on February 21

The 28th meeting of the high-level panel to be held here will be attended by all financial sector regulators, including RBI Governor Shaktikanta Das, sources said

India-EFTA trade deal raises concerns on domestic access of generic drugs

Leaked IP chapter suggests potential hindrance to affordable medicine production

Services trade surplus hits record $44.9 billion in December quarter

Grew 16% over a year earlier; current account deficit likely to reduce