Page 466 - Economy & Policy News

Interim Budget: MedTech industry urges govt action to cut import reliance

According to the Global Trade Research Initiative (GTRI) report on August 2023, the Indian medical devices industry has the potential to expand from $12 billion to $50 billion by 2030

Need to rationalise customs duties in sectors with healthy growth: Official

The official, however, said that providing a protection of high duty is required for the infant domestic industry

India to press for social security pact at Trade Policy Forum meet with US

New Delhi will raise issues of visa delay, exports of pharma goods and marine products

Direct listing of stocks at GIFT City soon, says FM Nirmala Sitharaman

Sitharaman said that IFSC should become the platform for the trade of carbon credit

India negotiating with UK to avoid double contribution to social security

Indian professionals working for a limited period in Britain contribute to their social security funds but not able to get its benefit as they return once the projects are complete

Inter-ministerial meeting next week to discuss ongoing Red Sea crisis

The development comes in the backdrop of the Red Sea crisis impacting global trade

Inter-ministerial meet next week over issues on trade from Red Sea crisis

The commerce ministry has also set up an internal strategic group, comprising additional secretaries of the ministry, to discuss global issues impacting the country's trade on a daily basis

5 ways to increase cyber resilience against increasingly diverse threats

All signs are that 2024 will be another challenging year, but by shifting practices and pursuing cooperation and best practice sharing, progress can be made

BOJ considers lowering FY2024 inflation outlook to mid-2% range: Report

The central bank's latest inflation outlook for the year starting April stands at 2.8%, in the last report released in October

Amazon Great Republic Day Sale 2024 to start on 13 Jan, all details inside

Amazon Great Republic Day Sale will start on Jan 13. The yearly sale that starts around the Republic Day will allow exclusive early permit for Prime subscribers of multiple deals and discounts

Net direct tax collection grows 19% to Rs 14.70 trillion so far in FY24

The government has budgeted to collect Rs 18.23 trn from direct taxes (personal income tax and corporate tax), 9.75 per cent higher than Rs 16.61 trn mopped up last fiscal

Disinvestment target for FY25 likely to be pegged below Rs 50,000 cr: Icra

Interim Budget 2024: For FY24, the Centre had set a disinvestment target of Rs 51,000 crore but has only been able to meet one-fifth of it so far

More than 2.9 mn people benefited in Viksit Bharat Sankalp Yatra: Assam CM

The Chief Minister, during the meeting, also took stock of the progress of distribution of ration cards to the beneficiaries

Russia-Ukraine, Israel-Hamas conflict hit tourist inflow to Goa: Minister

With the Goa government promoting some of its unique tourism destinations, the state is expecting a steady growth in the tourist influx, state Tourism Minister Rohan Khaunte said

Rajnath Singh, David Cameron praise momentum of India-UK partnership

Cameron reiterated the UK government's desire to collaborate with India in defence areas. The leaders held the meeting at the UK Foreign, Commonwealth and Development Office

Govt plans to raise capital spending as much as 20% in FY25: Report

The government is trying to raise capital spending on building infrastructure to as much as Rs 12 trillion ($144.59 billion) from the current year's plan of Rs 10 trillion

7.3% GDP growth very positive, economic climate encouraging: SBI chairman

Last month, the RBI had upwardly revised its estimate to 7 per cent from 6.5 per cent earlier, and termed the new assumption as "conservative"

Govt holds back $600 million plan to replenish strategic oil reserves

India has limited oil storage capacity, with space for only 39 million barrels of crude - barely enough for eight days of the country's consumption - to use in the event of an emergency

Real wage growth positive for 2nd straight year in 2022: ILO study

It says India's high investment growth positively influenced overall economic dynamics in S Asia

India to grow into a $7 trillion economy by 2030, says PHDCCI report

The analysis is based on lead macroeconomic indicators including the GDP Growth, Export Growth, Gross National Savings, Total Investments, and Debt to GDP Ratio