Page 453 - Economy & Policy News

Interim Budget 2024: Exporters seek higher allocation for MAI scheme

The scheme aims to promote India's exports on a sustained basis

Global trade being disrupted by Red Sea attacks, war in Ukraine, says UN

The Suez Canal handled 12 per cent to 15 per cent of global trade in 2023, but UNCTAD estimates that the trade volume going through the waterway dropped by 42 per cent over the last two months

As consumer credit grows, India's lending boom can be safer, if not slower

For lenders, however, the problem with adding new borrowers is the incremental cost

UK delegation meets top govt officials in final push for trade agreement

For India, the cut-off date is model code of conduct. Talks will stop once it sets in

Credit cards in force shy of the 100 million mark, shows RBI data

December saw highest addition of cards in 2023

Indian companies, banks raise Rs 3,683 crore through corporate bonds

Lower fund raise amid widening yield spread, tight liquidity

Tight liquidity spurs high demand at RBI's variable rate repo auction

Banks bid for Rs 3.08 trillion against notified amount of Rs 2.5 trillion

Share of food processing in GVA needs to be raised to 7.2%: Report

This is because increasing agricultural output without investing in processing facilities can harm farmers' earnings and cause rural distress

Reserve Bank of India allows LIC to increase stake in HDFC Bank to 9.99%

HDFC Bank further said LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year, i.e., by January 24, 2025

India will have surplus domestic coal by FY26: Coal minister Joshi

The Union Cabinet on Wednesday approved Rs 8,500 crore financial incentives for coal gasification projects in three categories

Oil marketing companies float a second tender for ethanol supply

But, no mention of ethanol from cane juice and b-heavy molasses

PM Gati Shakti: 3 infra projects worth Rs 9,600 cr recommended for approval

These projects were assessed in the 64th Network Planning Group (NPG) meeting on October 17

Govt to keep 2024-25 gross borrowings close to current year's level: Report

India may peg its gross market borrowing for next fiscal year at between 15 trillion rupees ($180.47 billion) and 15.5 trillion rupees

Govt close to saturation in implementing social sector schemes: Sitharaman

She also said the government has been able to save Rs 2.5 trillion through Direct Benefit Transfer (DBT) by weeding out dummy and undesirable beneficiaries

Kerala criticises Centre's fiscal approach, notes low alcohol tax revenue

In the document, the Governor said his government's stupendous achievements have come about despite many formidable challenges confronting it

Brookfield planning $1.2 billion of debt to buy India assets: Reports

Investment firm Brookfield is betting on growth in India, whose economy is outpacing that of other large countries and where smartphone usage is increasing rapidly

US growth likely slowed last quarter but still exhibited resilience

The nation's economy was supposed to have sunk into recession by now, dragged down by the highest interest rates in two decades and a resulting slump in borrowing and spending

UP's ODOP exports have soared to Rs 2 trillion, says CM Adityanath

He also launched the 'ODOP Mart Portal' for e-marketing of ODOP products

Rupee to appreciate to 82 per dollar in CY24, predicts CareEdge Ratings

The rupee settled at Rs 83.12 per Dollar on Wednesday. It moved in a narrow range of Rs 83.07 per Dollar to Rs 83.17 a Dollar in the current week as the RBI and oil companies continue to absorb inflow

WTO meet: India to bargain for 'poor fishermen' in developing countries

The discussion comes against the backdrop of the global trade body trying to build a consensus on an agreement that aims to curb subsidies contributing to overcapacity and overfishing