Page 454 - Economy & Policy News

$5 bn for EV, 20 unicorns women-led: Path of Indian startup boom since 2014

Despite the challenges due to persistent funding winter, Indian startups received $8.4 billion in funds from domestic and global investors in 2023

Coffee exports from India decline by 5.4% to 377,000 tonne in 2023

India, Asia's third-largest producer and exporter, grows Arabica and Robusta variety of coffee

Disinvestments slow, but govt keeps earning dividends from state-run firms

It has never happened that the budget estimate for dividends from such companies has failed

Bilateral trade between India, Russia likely to increase this year: Sonowal

The Eastern Maritime Corridor between the ports on the east coast of India and the Far East region of Russia promises "immense potential" to unlock new trade opportunities, he said

In India's drive to boost tourism, tax becomes roadblock for industry

Sector struggling to recover from effects of pandemic created 1.6 mn jobs in 2023

India to retain top economy title as govt spending stays strong: Poll

While inflation rose to the fastest pace in four months in December to 5.69 per cent, driven by pressures from food prices, economists expect that to fade soon

Commercial paper rates harden amid tight liquidity in January, shows data

Commercial papers are an unsecured form of short-term debt issued by corporations, which serves as a financial tool primarily directed at addressing immediate financial obligations

Nearly 45% CXOs see FY25 GDP growth hitting 6-6.5%: Deloitte survey

Meanwhile, 37 per cent business leaders expect the growth to remain below 6 per cent, as they cite rising inflation rates, supply chain challenges, and global headwinds as major challenges

Income tax filers more than double to 77.8 million in 10 years: Govt data

During the same period, the net direct tax collections increased 160.52 per cent from Rs 6,38,596 crore in FY14 to Rs 16,63,686 crore in 2022-23, it said

Govt raises import duty on gold, silver jewellery findings to 15% from 11%

In a notification issued on Monday, India's Ministry of Finance also hiked the import duty on spent catalysts containing precious metals to 14.35 per cent from 10.1 per cent

Statsguru: Inequality to disease burden, words of caution for world economy

A country-wise assessment, based on executive opinions, highlighted the major risks for individual nations over the next two years

Consumer goods companies set for mixed sales as prices in US ease

The easing of prices came as U.S. consumer confidence increased during the quarter after months of decline, with Americans growing more optimistic about current and future business conditions

Rodtep reimbursements: Govt likely to guide industry on documentation

The RoDTEP scheme allows refunds of the embedded non-creditable central, state and local levies paid on inputs to exporters and is compliant with World Trade Organisation (WTO) norms

Red Sea disruptions likely to dent India's growth forecast, says Fitch

It added that India's economic forecast faces a significant risk in the event of a prolonged spell of disruptions

India likely to resume Iran crude oil imports due to Houthi threat

Houthis are also allies of Iran and not expected to go against trade

Amended biological diversity law raises fear of loss for tribals

The mandated percentage of earnings that goes as ABS ranges from 0.1 to 0.5 per cent of sales, depending on the company's revenue, according to AYUSH industry estimates

'Free trade agreement talks between India, EFTA bloc at advanced stage'

India and the EFTA have been negotiating the pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), since January 2008 to boost economic ties

Govt should not cut import duties on parts used in making smartphones: GTRI

The think tank said that Indian manufacturers "must pay" duties on smartphones sold within India, but exports should be exempted from such duties

Economists increasingly sure US will avoid recession, shows survey

Also, inflation has been falling faster than expected, and the labor market is cooling but not collapsing

India's electronics exports surpass $20 billion, iPhone dominates surge

India's electronics exports record 22.24% growth in the first nine months of FY24, with iPhones leading the surge